DBS Bank India on Tuesday said it will enter the affordable home loan segment by the end of this financial year as the lender looks to expand the retail portfolio. The bank is looking to launch the product during the fourth quarter, DBS Bank India Executive Director (Head-National Distribution) Bharath Mani said here. "We are [...]
BSES discoms BRPL and BYPL have facilitated the installation of around 2300 charging points in Delhi for electric vehicles (EVs) and are in the process to set up 900 more in the coming months, company's officials said on Tuesday. The 2300 charging points installed at over 900 locations across south, east, central and west Delhi [...]
E-commerce company Flipkart has set up eight supply chain facilities and 200 delivery hubs in Tamil Nadu under its initiative towards creating inclusive job opportunities besides boosting economic growth, the company said on Tuesday. The company has onboarded 15,000 kirana partners under its Kirana Delivery programme, which enables faster customer shipments and also creates an [...]
To bring transparency in expenses and curb mis-selling, markets regulator Sebi has asked alternative investment funds (AIFs) to provide an option of "direct plan" for investors and introduced a trail model for distribution commission. In addition, the regulator came out with guidelines with respect to excluding an investor from an investment of AIF. This came [...]
Delphi-TVS Technologies, a joint venture between diversified conglomerate TVS Group and auto-component major BorgWarner, has lined up investments worth about Rs 450 crore over the next three years to take up capital expansion plan at its manufacturing facility here. Delphi-TVS Technologies, which commenced production of common rail system in 2009 has reached milestone production of [...]
Apple will next week open its first retail store in India, in signs of importance the iPhone manufacturer attaches to the world's fastest growing smartphones market. The company will open its first official store in Mumbai on April 18 and the second in Delhi on April 20. The company at present sells its products in [...]
Small businesses focused fintech Ugro Capital on Tuesday said it will raise Rs 340 crore in equity capital through a preferential allotment and qualified institutional placement. The company said its board approved Rs 240 crore worth of shares to IFU (Investeringsfonden for Udviklingslande), a Danish sustainable development goals investment fund, on a preferential allotment basis. [...]
Beauty and skincare brand VLCC, now controlled by Global investment firm Carlyle, on Tuesday announced the appointment of Vikas Gupta as CEO with immediate effect. The leadership change comes after Carlyle, in December 2022 announced the acquisition of a majority stake in the homegrown firm, a company statement said. Vikas Gupta succeeds Jayant Khosla. Prior [...]
Japanese lender JICA has teamed up with Citibank to provide a USD 125 million funding line to domestic private sector lender Indusind Bank. Indusind will be utilising the co-finance funding for onlending to the agricultural sector in the country, as per an official statement issued on Tuesday. The funding includes a JPY 13 billion (approx [...]
Homegrown Jakson Green on Tuesday said it has bagged renewable energy projects totaling 1 GW of capacity in the domestic as well as international markets. The projects are to be set up through engineering, procurement and construction (EPC) mode for the customers in India, Africa and Middle East regions, Jakson Green said in a statement. [...]
