New Delhi, Feb 23 (PTI) Gurugram-based NBFC Seeds Fincap Pvt Ltd on Wednesday said it aims to disburse loans worth Rs 250 crore in the next financial year. The company, which has operations in Uttar Pradesh, Haryana and Rajasthan with 24 branches in Tier 2 and 3 towns, completed disbursement of Rs 50 crore worth [...]
Markets regulator Sebi on Wednesday imposed monetary fine on an employee of Varun Beverages Ltd for violating insider trading norms. The order follows an investigation carried out by the regulator between January 2017-April 2018. Sebi noted that Bagga Rajinder Jeet Singh had failed to comply with provisions of Prohibition of Insider Trading norms by failing [...]
New Delhi, Feb 23 (PTI) Arrivae, a made-to-order furniture manufacturer and home improvement company, on Wednesday said it has raised Rs 75 crore in funding from Think Investments and Havells Group. The Series B funding round also saw participation from Emerge Capital and existing investors, Arrivae, backed by ace investor Rakesh Jhunjhunwala said in a statement. [...]
New Delhi, Feb 23 (PTI) Crompton Greaves Consumer Electricals Ltd (CGCEL) on Wednesday said it will acquire majority stake in Butterfly Gandhimathi Appliances. It has signed a definitive agreement to "acquire up to 55 per cent stake at Rs 1,403.00 per equity share, aggregating up to Rs 1,379.68 crore", CGCEL said in a regulatory filing. It will [...]
New Delhi, Feb 23 (PTI) Dabur on Wednesday announced a partnership with Indian Oil Corporation Ltd (IOCL), as part of which the state-owned refiner's LPG distributors will become retail business partners for the homegrown FMCG major. This partnership will provide direct access to Dabur's range of products to around 14 crore Indane LPG consumer households [...]
Bhubaneswar, Feb 23 (PTI) ICICI Bank on Wednesday said it would expand its retail loan business at a rapid pace in Odisha during the ongoing fiscal.Home loan disbursement in the state is likely to grow by 30 per cent to Rs 1,250 crore, while the consumer credit segment is expected to rise by over 40 [...]
Mumbai, Maharashtra, India (NewsVoir) Shri Sanjay Khanna takes over as Director Refineries, BPCL on 22nd Feb’22. A Chemical Engineering graduate from NIT, Tiruchirapalli and Post Graduate in Finance Management from Mumbai University, he has more than 30 years of experience in Refinery Operations. In his illustrious career, he has earlier held the positions of Chief [...]
New Delhi, Feb 23 (PTI) Sujoy Choudhury has been appointed Director (Planning and Business Development) on the board of state-owned Indian Oil Corporation (IOC), the nation's biggest oil firm. His appointment is effective from February 23, the company said in a stock exchange filing. A Mechanical Engineer and MBA (Finance) from Jadavpur University, Kolkata, Choudhury, [...]
New Delhi, Feb 23 (PTI) Agro chemicals firm Crystal Crop Protection Ltd on Wednesday said it has introduced a new herbicide to check weeds in sugarcane crops and expects up to 8 per cent increase in revenue from this product in the next few years. Crystal Crop had posted a turnover of around Rs 2,100 crore during [...]
Mumbai, Feb 23 (PTI) MakeMyTrip on Wednesday said its fintech arm TripMoney has joined hands with SBM Bank India to launch a rupee-denominated secure credit card, TripMoney Global Card. This value-loaded credit card offers various advanced money management features relieving overseas travellers from paying mark-up on forex (foreign exchange) conversions, MakeMyTrip said in a statement. [...]
