The Competition Commission of India (CCI) on Monday said it has cleared the stake acquisition in VVDN Technologies by IBEF-IV under the green channel route. India Business Excellence Fund - IV (IBEF-IV) is a Sebi-registered alternative investment fund (AIF). The proposed combination relates to the acquisition of shareholding by the IBEF-IV through a combination of [...]
Media firm TV18 Broadcast Ltd on Monday reported a 91.09 per cent decline in its consolidated net profit at Rs 19.66 crore in the fourth quarter ended on March 31, 2023, on account of a fall in advertising revenue. The company had posted a net profit of Rs 220.85 crore in the January-March period of [...]
Union Minister Nitin Gadkari on Monday called for active support from states and UTs to strengthen policies and strategies for the transformation of the road transport sector, according to an official statement. The Union road transport and highways minister chaired a meeting of transport ministers from all states and Union Territories (UTs) to discuss various [...]
Equity benchmark indices rebounded in early deals on Tuesday after falling sharply in the previous trade amid strength in the US markets. The 30-share BSE Sensex climbed 202.72 points to 60,113.47 in early trade. The broader NSE Nifty gained 59.75 points to 17,766.60. Among the Sensex firms, Tata Motors, HCL Technologies, IndusInd Bank, Maruti, Nestle, [...]
Two and three-wheeler maker TVS Motors on Monday announced the launch of the TVS NTORQ 125 Race Edition at the Makina Auto Show in Philippines. The vehicle comes with TVS SmartXonnect TM that lets the rider connect their smartphone to the scooter, unlocking a host of smart connected features. These can be accessed through an [...]
Inflow in gold exchange-traded funds (ETFs) dropped 74 per cent year-on-year to Rs 653 crore in 2022-23, mainly due to profit booking in this asset class and investors' preference for equities. However, the asset base of gold ETFs and investors' account or folio numbers increased in the last fiscal, data from the Association of Mutual [...]
Private equity and venture capital funds' investments declined by 4 per cent to USD 5.3 billion in March 2023 as against the year-ago period, a report said on Monday. In terms of number of deals, there were only 82 transactions in March 2023 as against 125 in the year-ago period, as per the report by [...]
According to the Association of Mutual Funds in India, inflows into equity markets are on the rise. The inflows reached a 12-month high in March 2023 at ₹ 20,534 crores and they were at ₹ 15,685 crores in February and at ₹ 12,546 crores in January 2023. Meanwhile, the assets under management (AUM) of the [...]
The South Central Railway (SCR) Zone has earned a Gross Originating Revenue of Rs 18,973.14 crore during the fiscal 2022-23, which is the highest originating revenue earned by the Zone since its inception, a senior official said on Monday. "Backed by proactive planning and dedicated efforts by Team SCR on all segments of its operation, [...]
Godrej Capital, the financial services arm of the Godrej Group, is looking at a loan book of Rs 12,000 crore this fiscal, up from Rs 5,500 crore in the just-concluded fiscal. The company, among the youngest NBFCs, began operations only in late 2020 as a housing finance firm, primarily to serve the group's realty arm [...]
