The board of Tata Steel will consider a stock-split proposal during its meeting on May 3. The meeting will be held to consider the company's financial results for the quarter and year ended March 31, 2022, according to a regulatory filing. The board will "consider a proposal for sub-division of the equity shares of the [...]
New Delhi, Apr 18 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range, between 0.9 per cent to 1.9 per cent, with immediate effect. The company, which currently sells a range of vehicles from Alto to S-Cross, said it has taken the decision [...]
Mumbai, Apr 18 (PTI) UrbanPiper, a restaurant management platform, has raised USD 24 million in a funding round led by existing investors Sequoia Capital India and Tiger Global, along with new investors Swiggy and Zomato and a slew of angel investors. The Bengaluru-based startup said the angels who boarded the firm include Pankaj Chaddah of [...]
Mumbai, Apr 18 (PTI) The country's largest lender State Bank of India (SBI) on Monday said it has raised USD 500 million (over Rs 3,800 crore) through its IFSC Gift City branch. This is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan raised by SBI through its Gift City branch, a [...]
Hinduja Group flagship Ashok Leyland on Monday said it has joined hands with Mahindra First Choice Wheels to enter the used commercial vehicles business. The company has inked a MoU with Mahindra First Choice Wheels Ltd (MFCWL) in this regard. The phygital platform, as part of the partnership, will facilitate an exchange and proper disposal [...]
New Delhi, Apr 18 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range with immediate effect in order to partially offset the impact of rise in input costs. The company, which sells a range of vehicles from Alto to S-Cross, said the weighted [...]
Kolkata, Apr 17 (PTI) Coal India Ltd is set to launch its own e-auction platform, and the mining major has informed new and existing bidders to register on the portal, a top company official said.At present, the e-auction portal is managed by mjunction and state-owned MSTC Ltd.E-auction sales account for around 120 million tonnes annually [...]
Chennai, Apr 17 (PTI) Chairman of The Sanmar Group N Sankar died on Sunday following a brief illness, family sources said. He was 77. He is survived by wife, a son and daughter. Son Vijay Sankar is the deputy chairman while N Kumar, brother of Sankar, is the vice-chairman. Sankar had held various responsibilities in [...]
New Delhi, Apr 17 (PTI) Breaking its silence over controversy at fintech firm BharatPe, Sequoia Capital India on Sunday said it has zero tolerance towards proven wrongdoing and will continue to respond strongly to wilful misconduct or fraud so that a few errant founders do not create big setbacks for startup ecosystem. Sequoia, which is [...]
Agartala, Apr 17(PTI) ONGC has successfully drilled three gas wells in Tripura by using new technology, a senior company official said on Sunday. The new technology - Managed Pressure Drilling (MPD) proved to be beneficial in the state because conventional drilling could not be used in these geographical locations, said ONGC Tripura Asset Manager, Tarun [...]
