New Delhi, Feb 17 (PTI) Car market leader Maruti Suzuki India Ltd on Thursday said it has partnered with Quiklyz by Mahindra Finance, for its vehicle subscription program, Subscribe. Under the partnership, Quiklyz will offer a white plate subscription, wherein the vehicle is registered under the user's name and hypothecated to the subscription partner, for [...]
Social media platform Twitter has added Paytm Payments Services as one of the payment gateway for carrying out Tips transactions, a joint statement said on Wednesday. Twitter has started Tips feature that enables users to support their content creators or small business owners on Twitter by using any Paytm payment instrument like Paytm UPI, Paytm [...]
New Delhi, Feb 16 (PTI) JSW Ispat Special Steel, a JV between private equity AION & JSW Steel, on Wednesday said it has hived off its Raipur, Chhattisgarh plant along with certain other assets to its wholly-owned subsidiary via a slump sale of around Rs 450 crore.JSW Ispat Special Products Limited (formerly known as Monnet [...]
New Delhi, Feb 16 (PTI) Undergoing insolvency and bankruptcy process, Reliance Capital on Wednesday said it cannot ascertain the financial implication of a Sebi order against promoter Anil Ambani and former CFO related to an alleged violation of capital market regulations. Capital markets regulator Sebi had on February 11 issued an interim order cum showcause [...]
Mumbai, Feb 16 (PTI) FedEx on Wednesday said there is a need to make the global supply chain smarter and more resilient through digital transformation. "Let us rethink our all digital capabilities and capitalise on this immense opportunity to leverage data. Supply chain is the backbone of global economy as you have seen in the [...]
New Delhi, Feb 16 (PTI) Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the COVID-19 pandemic. "Our total number of individual policies and group policies (in terms of lives insured) issued in India decreased by 16.76 per cent from 75 million for [...]
New Delhi, Feb 16 (PTI) Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 6 lakh each on Adroit Financial Services and Silver Stream Equities for flouting norms with respect to using National Stock Exchange's co-location facility. The stock brokers continuously logged in to secondary server in currency derivatives, cash market and Futures [...]
New Delhi, Feb 16 (PTI) The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state. To this effect, two memoranda of understanding (MoU) have been signed between SIDBI and the industries department, Government of Bihar, and [...]
New Delhi, Feb 16 (PTI) Edtech start up LEAD on Wednesday announced an ESOP Liquidation Plan of about USD 3 million (about Rs 22.5 crore) for its employees.The move comes at a time when LEAD is aiming for a "high growth trajectory" following the recent series E fundraise of USD 100 million led by WestBridge [...]
New Delhi, Feb 16 (PTI) Microfinance lender CreditAccess Grameen on Wednesday said its board has approved a proposal to raise up to Rs 5,000 crore through debt securities and an additional USD 7.4 million (about Rs 55.5 crore) by issuing masala bonds. Its board of directors at its meeting on Wednesday approved the proposal to [...]
