New Delhi, Apr 19 (PTI) Global FMCG firm Procter & Gamble on Tuesday announced the appointment of L V Vaidyanathan as the Chief Executive Officer for its operations in India from July 1, 2022. Vaidyanathan will take over from Madhusudan Gopalan, who will be taking up a leadership role within P&G as Senior Vice President [...]
Pune, Maharashtra, India – Business Wire India Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has entered digital consumption loans space through a tie up with KrazyBee. Under this partnership Poonawalla Fincorp will offer small ticket personal loans to individuals. Poonawalla Fincorp focusses on consumer and small business finance as a part of its stated strategy. [...]
Mumbai, Apr 18 (PTI) The Reserve Bank of India (RBI) has imposed a fine of over Rs 17 lakh on non-banking finance company Manappuram Finance for violating KYC guidelines as well as norms related to prepaid payment instruments. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the [...]
New Delhi, Apr 18 (PTI) Jwalamukhi Investment on Monday offloaded TVS Motor Company's shares worth Rs 212 crore through an open market transaction. However, the buyer(s) of the shares could not be ascertained immediately. According to bulk deal data available with the National Stock Exchange (NSE), Jwalamukhi Investment sold a total of 32,62,840 shares of TVS [...]
Mumbai, Apr 18 (PTI) E-mobility tech platform MoEVing on Monday announced expanding its operation to various Tier-2 cities in Punjab, Uttar Pradesh, Rajasthan, Gujarat and Tamil Nadu. It also plans to deploy 5,000 electric vehicles in Tier-2 markets this year. The company said that it already has over 1,000 electric two and three-wheelers in operation, [...]
Chennai, Apr 18 (PTI) Confederation of Indian Industry (CII) President T V Narendran on Monday expressed sadness over the death of N Sankar, Chairman, The Sanmar Group. Sankar (77), died here on Sunday following a brief illness. "India has lost one of its visionary industry leaders. Mr N Sankar worked tirelessly for over 5 decades [...]
Leading stock exchange BSE on Monday said its mutual fund distribution platform StAR MF has processed a record 30.11 lakh transactions in a single day on Monday. It surpassed its previous best single-day record of 29.9 lakh transactions which was registered on April 11, the exchange said in a statement. "Every transaction counts! And this [...]
The Securities Appellate Tribunal (SAT) has admitted former NSE chief Chitra Ramkrishna's plea against a Sebi order in relation to governance lapses at the bourse and directed her to deposit an amount of Rs 2 crore. The appellate tribunal also directed NSE to deposit more than Rs 4 crore towards leave encashment and deferred bonus [...]
New Delhi, Apr 18 (PTI) Sterlite Power on Monday said it has acquired a 64.98 per cent equity stake in Maharashtra Transmission Communication Infrastructure Limited. The company said in a statement that it has "acquired this equity stake from Sterlite Technologies Limited (STL)." Without sharing any further details, Sterlite Power said the acquisition is in [...]
Mumbai, Apr 18 (PTI) Myre Capital, which facilitates real estate investment through fractional ownership, on Monday announced that it will raise Rs 500 crore fund to invest in commercial realty assets across the country after July this year. The Rs 500-crore Alternate Investment Fund (AIF) will be the first of its neo-realty investment fund, and [...]
