Infosys on Wednesday said it has extended collaboration with data and analytics company LexisNexis to provide information services across their range of content, enterprise and product applications. Infosys will provide LexisNexis end-to-end strategic IT services across multiple business domains that include their global content systems, global business systems and product development, according to a statement. [...]
Yes Bank on Wednesday said it has reported a credit growth of 11.3 per cent at Rs 2.01 lakh crore for the March 2023 quarter. The outstanding credit was Rs 1.81 lakh crore at the end of March 31, 2022, Yes Bank said in a regulatory filing. The lender registered a 12.9 per cent growth [...]
Beauty and fashion firm FSN E-Commerce Ventures, which operates under the Nykaa brand, is expecting over 30 per cent growth in revenue in the just-ended fiscal 2023, the company said on Wednesday. However, it has estimated subdued growth in the fashion business, due to consumers tightening their wallets on discretionary spending. "The Operating parameters for [...]
Digital financial services firm One97 Communications, which operates under the Paytm brand, has recorded 40 per cent growth in gross merchandise value on its platform to Rs 3.62 lakh crore in March 2023 quarter, the company said on Wednesday. The company had recorded a total GMV of Rs 2.59 lakh crore a year ago, Paytm [...]
Leading retailer Reliance Retail has roped in RS Sodhi, the former MD of Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) that markets its products under the Amul brand. Sodhi, a dairy industry veteran, will work with Reliance Retail's fruit and vegetable category of its Grocery division, said an industry source. His presence would help Reliance [...]
Goldman Sachs, which has funded the business and management education of 10,000 women in India, has claimed these beneficiaries have helped create around 12,000 new jobs as well as add Rs 2,800 crore in revenues to the country's economy in the past 18 months. The investment banking major first launched the graduation programme in the [...]
Tata Steel on Wednesday said its consolidated steel production rose by around 3 per cent to 7.77 million tonne during the January-March quarter. The company's total steel output was at 7.55 MT in the year-ago period, Tata Steel said in a regulatory filing. Tata Steel's total sales were 7.59 MT, down 3.43 per cent over [...]
Financial services firm Religare Enterprises on Wednesday said it will acquire Indian Express Group's insurance web aggregator MyInsuranceClub in an all-cash deal. The company said in a statement that it has signed a share purchase agreement for the proposed acquisition of MyInsuranceClub (MIC) from iGear Holdings Private Limited, part of The Indian Express Group. Religare [...]
SunSource Energy on Wednesday announced commissioning of a 9 MW solar project for Varun Beverages, PepsiCo's largest franchise bottler, in Uttar Pradesh. The project commissioned is part of its 45 MW open access solar project in the state, SunSource Energy said in a statement. "SunSource Energy commissions 9 MW DC solar open access project for [...]
Jakson Green has secured an order to set up a methanol synthesis facility at the NTPC's Vindhyachal Thermal Power Plant (VTPP) in Madhya Pradesh. In a statement, Jakson Group said, it will be "world's first methanol production plant in partnership with NTPC Ltd." Group company Jakson Green has won a project from NTPC to establish [...]
