Latest News on Corporate Actions

New Delhi, May 4 (PTI) Automobile dealers' body FADA on Wednesday said the increase in repo rate will "apply certain amount of brakes" on the industry's growth, especially the two-wheeler segment which is already reeling under a severe slowdown. Home, auto and other loan EMIs are likely to go up after the Reserve Bank of [...]

Kolkata, May 4 (PTI) Tata Steel will achieve its target to double its capacity to produce 40 million tonne steel by 2030 and will install its Electric Arc Furnaces (EAF) in north, south and west India that will use scrap as an environmentally friendly step, a top company official said. Electric Arc Furnaces use recycled [...]

New Delhi, May 4 (PTI) Shriram City Union Finance on Wednesday said it is planning to raise up to Rs 750 crore by issuing bonds on a private placement basis. The banking and securities management committee of the company on Wednesday approved the issue of secured, rated, listed, redeemable, principal-protected and market-linked non-convertible debentures for [...]

New Delhi, May 4 (PTI) The coal ministry will hold a high-level Investors' Meet on Friday in a bid to attract investments from the private sector. Coal Minister Pralhad Joshi will launch the event to be held in Mumbai. "Joshi will be launching a high level Investors’ Meet in Mumbai on 6th May, 2022 focussing [...]

New Delhi, May 4 (PTI) Future Consumer Ltd on Wednesday said its independent director Adhiraj Harish has resigned from the board of the company. "Adhiraj Harish has resigned from the position of an Independent Director from Board of Directors of the Company with effect from May 3, 2022," the Future Group firm said in a [...]

Chennai, May 4 (PTI) US pharmaceutical company Pfizer has set up its global drug development centre at the Indian Institute of Technology-Madras Research Park here, at an outlay of over Rs 150 crore. The centre, which employs 250 scientists and technicians, would develop innovative formulations, small molecules and active pharmaceutical ingredients (APIs). According to company, [...]

Mumbai, Maharashtra, India (NewsVoir) Pernod Ricard India (PRI), a global leader in the wine and spirit industry, today announced the appointment of Richa Singh, as Chief Financial Officer (CFO), Pernod Ricard South Asia and India. Joining the leadership team, Richa Singh will report directly to Thibault Cuny, Managing Director & CEO Pernod Ricard South Asia [...]

Mumbai, May 4 (PTI) Agro-chemicals major UPL on Wednesday said it has acquired a naturally-derived fungicide, OptiCHOS, for its natural plant protection (NPP) business unit. The NPP portfolio houses natural and biologically derived agricultural inputs and technologies, UPL said in a BSE filing. The active ingredients of OptiCHOS were developed from the chitin-rich by-products of [...]

New Delhi, May 4 (PTI) Consumer electronics maker Samsung has forayed into the vacuum cleaner segment in India, expanding into the home cleaning solutions business. Samsung has launched a line-up of Jet cordless stick vacuum cleaners that can generate up to 200 watts of suction power and are lightweight and ergonomically designed, said a company [...]

New Delhi, May 4 (PTI) Gland Pharma on Wednesday said it has launched cancer treatment drug Bortezomib for Injection in the US market. The company has launched the product in the US market through its partner which received the approval from the US Food & Drug Administration (USFDA), the drug firm said in a statement. [...]

New Delhi, May 4 (PTI) Mahindra Electric Mobility on Wednesday said it has tied up with the city-based startup Terrago Logistics. Terrago currently has a fleet of 65 Mahindra Treo Zor cargo vehicles deployed with online grocery major Big Basket in three cities and leading logistics major, Porter. In the coming months, Mahindra Electric will [...]

New Delhi, May 4 (PTI) Realty firm Signature Global, which focuses on building affordable housing projects, on Wednesday said it has raised long term capital of Rs 400 crore from HDFC Capital realty fund.The company raised this fund from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital.The funding [...]

New Delhi, May 4 (PTI) Drug major Aurobindo Pharma on Wednesday said its wholly-owned subsidiary has received approval from the US health regulator to market anti-cancer medication Bortezomib for injection.Eugia Pharma Specialties has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market the product, a generic equivalent of Takeda [...]

New Delhi, May 4 (PTI) E-commerce company Amazon expects cumulative exports from its platform in India to reach USD 20 billion by 2025, a senior company official said on Wednesday.In January 2020, the company had set a target to facilitate export worth USD 10 billion by 2025."In January 2020, we had taken a pledge to [...]

New Delhi, May 4 (PTI) Tata Realty and Infrastructure Ltd (TRIL) on Wednesday said it has given on lease over 1.56 lakh square feet of office space in its commercial projects at Gurugram in Haryana to Johnson Controls and PepsiCo."In the next 24 months, the leasing will gross an operating income of approximately Rs 27 [...]

New Delhi, May 4 (PTI) Tata Power Renewable Energy has commissioned a 120 MW solar project in Masenka, Gujarat. Tata Power Renewable Energy Limited (TPREL), a 100 per cent subsidiary of Tata Power, has commissioned the solar project, which will produce 305247 MWh annually for Gujarat Government (GUVNL), a company statement said. In the installation, [...]

New Delhi, May 4 (PTI) Batteries and flashlights maker Eveready Industries India Ltd on Wednesday said its shareholders have approved the appointment of Suvamoy Saha as its Managing Director for a period of three years.Saha, erswhile Joint Managing Director of the company, was asked to assume the responsibilities as interim Managing Director after the resignations [...]

New Delhi, May 4 (PTI) Leading online travel services firm MakeMyTrip on Wednesday said it has witnessed a nearly 150 per cent increase in bookings for super-luxury and premium hotels during the pandemic compared to the pre-pandemic period, as more Indian travellers seek elite travel experiences.One in every three Indian travellers searched and booked a [...]

New Delhi, May 4 (PTI) Eris Lifesciences on Wednesday said it has acquired Mumbai-based dermatology-focused domestic formulations company Oaknet Healthcare for Rs 650 crore. The acquisition will be completed by way of a share purchase agreement and accordingly Oaknet will become a wholly-owned subsidiary of Eris, the drug firm said in a statement. The deal [...]

New Delhi, May 3 (PTI) Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said on Tuesday. The acquisition of NINL is critical for Tata Steel to build a dedicated long products complex. On January 31, Tata Steel [...]

New Delhi, May 2 (PTI) Leading food company Britannia Industries on Monday said it has judiciously increased prices in the January-March quarter on account of cost inflation and would further take such calibrated price hikes to retain its profitability. The Wadia group firm has "continued to take price increases judiciously and remained aggressive on the [...]

New Delhi, May 2 (PTI) Enterprise communications service provider Route Mobile will acquire the artificial intelligence-based blockchain and DLT platform of Teledgers Technology for over Rs 130 crore, according to a regulatory filing. Under the agreement, Route Mobile subsidiary Route Ledger will pay Rs 4.9 crore as advance to Teledgers within 30 business days of [...]

New Delhi, May 2 (PTI) After Fino Payments Bank shareholders rejected a proposal to reappoint two independent directors, the parent firm Fino Paytech on Monday said the changes in the board composition are on account of a "policy decision on the reappointment". Fino Payments Bank on April 30 had said that its shareholders rejected the [...]

Mumbai, May 2 (PTI) Mid-sized fund house DSP Investment Managers has said its investors have gained 19.1 per cent on an annual basis in the past 25 years from its flexi cap fund. Launched late April 1997, the flexi cap fund has an AUM of Rs 7,661 crore as of end March 2022 and is [...]

New Delhi, May 2 (PTI) Internet commerce company Meesho on Monday announced a strategic association with Google Cloud to drive its digital transformation journey. With this collaboration, Meesho expects to generate significant competitive advantage as it looks to build an AI-first supplier experience, better user acquisition strategies and a personalised shopping experience for the next [...]

New Delhi, May 2 (PTI) Vodafone Idea has partnered with Indian Council for Research on International Economic Relations (ICRIER) to set up a telecom Centre of Excellence.The centre has been named InViCT (ICRIER and Vodafone Idea Centre for Telecom), which will drive research advisory and policy support efforts, according to a statement."The CoE (Centre of [...]

New Delhi, May 2 (PTI ) Online travel services provider EaseMyTrip on Monday said it is planning to foray into currency exchange service for which it will be applying for a license to the Reserve Bank of India.The company is expanding its offerings and is now, planning to launch a currency exchange service. It will [...]

New Delhi, May 1 (PTI) Stating that ensuring adequate fuel supply to thermal power plants is its "priority", public sector miner Coal India has asked its employees to step up efforts and breach the production and offtake target of 700 million tonnes for FY23. In a letter to the employees of Coal India Limited (CIL), [...]

New Delhi, May 1 (PTI) Salasar Techno Engineering will invest Rs 100 crore to expand its business, the company's joint managing director Shashank Agarwal said. While Rs 50 crore is to be invested to set up a fabrication unit at Bhilai, another Rs 50 crore is to be utilised in putting up a galvanising plant, [...]

New Delhi, May 1 (PTI) IRS officer Sangeeta Singh has been given the additional charge of CBDT chairperson after incumbent J B Mohapatra retired as the head of the direct taxes administration body on April 30.An order issued by the Union Finance Ministry on Sunday said Singh, a 1986-batch officer of the Indian Revenue Service [...]

New Delhi, May 1 (PTI) Realty major Macrotech Developers is in an advanced stage of discussion with two global investors to set up a platform that will invest more than USD 1 billion to develop warehousing and industrial parks across India, a top company official said.In an interview with PTI, Macrotech Developers Managing Director (MD) [...]

New Delhi, May 1 (PTI) Eminent economist Suman Bery on Sunday took charge as the Vice Chairman of the government think tank Niti Aayog, according to an official statement.Bery has previously served as Director General (Chief Executive) of the National Council of Applied Economic Research (NCAER) and the global chief economist of Royal Dutch Shell.He [...]

New Delhi, May 1 (PTI) Fundraising through emerging investment instruments -- REITs and InvITs -- plunged 59 per cent to Rs 22,145 crore in 2021-22 primarily on account of uncertainty around the world and volatility in the stock market. In comparison, Rs 54,731 crore was raised in 2020-21. Prior to that, Rs 11,496 crore was [...]

New Delhi, Apr 30 (PTI) PVC pipes and plastic products maker Astral said it will acquire a majority 51 per cent stake in Gem Paints for Rs 194 crore, a move which will allow the Ahmedabad-based firm to expand its product portfolio into the paints segment. Astral has entered into a definitive agreement with Gem [...]

New Delhi, Apr 29 (PTI) Ambuja Cements Ltd, part of Swiss building material major Holcim group, plans to increase cement capacities and move closer to its target of 50 million tonnes per annum in the near future. "Ambuja has ambitious growth plans to increase cement capacities. The company is well-positioned to meet the expanding demand, [...]

New Delhi, Apr 29 (PTI) Yakult Danone India on Friday said it has appointed Hiroshi Hamada as its Managing Director. The appointment is effective from April 4. Hamada took charge from Minoru Shimada, who had led the company for over 10 years, Yakult Danone India, which sell probiotic drink Yakult, said in a statement. Hamada [...]

New Delhi, Apr 29 (PTI) Insurance technology platform Turtlemint on Friday said it raised USD 120 million in the latest funding round led by Amansa Capital, Jungle Ventures and Nexus Venture Partners. The fundraise also saw participation from new investors, Vitruvian Partners and Marshall Wace, along with existing investors. With this, the total funding raised [...]

New Delhi, Apr 29 (PTI) IDBI Bank's privatisation process is on and the quantum of stake sale will be decided after the roadshow is complete, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Friday.The preparation for privatisation of IDBI Bank is going on, he said during a media interaction [...]

Mumbai, Apr 29 (PTI) A special court in Mumbai on Friday remanded city-based realtor Sanjay Chhabriaa in CBI custody till May 6 in connection with a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan Housing Finance Corporation Ltd (DHFL). Chhabriaa of Radius Developers was arrested by the Central Bureau of Investigation [...]

New Delhi, Apr 29 (PTI) IDBI Bank on Friday said its board has approved the appointment of two government nominee directors with effect from April 28. The government nominee directors are Manoj Sahay, Joint Secretary and Financial Advisor, and Sushil Kumar Singh, Director, Department of Financial Services, Ministry of Finance, according to a regulatory filing. [...]

Mumbai, Apr 29 (PTI) Internet service provider (ISP) Excitel is planning to invest USD 5 million (about Rs 38 crore) in the current year for expansion of its services in the financial capital Mumbai, a top company official said. The company offering broadband services has entered Mumbai, taking its overall network to 29 cities and [...]

Mumbai, Apr 29 (PTI) JM Financial has elevated Sonia Dasgupta as the chief executive of its investment banking vertical.Dasgupta has been associated with the company since 1995 in different capacities and succeeds Adi Patel and Atul Mehra, who were co-heads. She has over 25 years of experience in the investment banking space.Vishal Kampani, non-executive vice-chairman [...]

New Delhi, Apr 29 (PTI) Electric two-wheeler maker Hero Electric on Friday said it had zero dispatches to dealers in April, hit by the ongoing global semiconductor shortage that led to stoppage of production. The company experienced extreme chip shortage and supply chain constraints, Hero Electric said in a statement. The automotive industry is still [...]

New Delhi, Apr 28 (PTI) The CBI on Thursday arrested Mumbai-based realtor Sanjay Chhabria in connection with a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan Housing Finance Corporation Ltd (DHFL), officials said. Chhabria of Radius Developers will be produced before a special court on Friday, they said. The CBI had [...]

Mumbai, Apr 28 (PTI) IKEA India is planning to increase locally sourcing their products which will not only help in staying affordable but will also create more jobs and enhance skills, a top company executive has said. "We have been steadily increasing our local sourcing footprint in India and our ambition is to reach about [...]

Mumbai, Apr 28 (PTI) Healthcare startup Ayu Health has raised USD 27 million (about Rs 205 crore) in a series-B round led by Fundamentum Partnership, an early growth-stage fund founded by Nandan Nilekani and Sanjeev Aggarwal.The round also saw participation from the US-based fund 57 Stars, Rohit MA-led Capier Investments, angel investors such as Ashish [...]

New Delhi, Apr 28 (PTI) Tata Power has inked a pact with National Real Estate Development Council (NAREDCO) to install 5,000 EV charging points across Maharashtra, a statement said on Thursday. Tata Power will provide a comprehensive EV charging solutions across properties of member developers of NAREDCO, the statement said. This will include installation, maintenance, [...]

New Delhi, Apr 28 (PTI) A Delhi court on Thursday reserved an order on the bail applications of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna and group operating officer (GOO) Anand Subramanian in the NSE co-location case. Special Judge Sanjeev Aggarwal heard the submission from the accused [...]

London, Apr 28 (PTI) Mukesh Ambani led Reliance Industries is considering a joint bid with US buyout firm Apollo Global Management for Britain's well-known retailer Boots, according to a UK media report on Thursday.According to ‘The Financial Times’, the American private equity firm is working with one of India’s richest businessmen on a bid for [...]

New Delhi, Apr 28 (PTI) Embassy Office Parks REIT's chief executive officer Michael Holland has resigned from the company and Vikaash Khdloya has been appointed as the CEO with effect from July 1. Embassy REIT, sponsored by Embassy group and Blackstone, declared a distribution of Rs 499 crore or Rs 5.26 per unit for Q4 [...]

Hyderabad, Apr 28 (PTI) Google on Thursday signed a Memorandum of Understanding with the Telangana government to bring benefits of digital economy to youth and women entrepreneurs, and also kicked off the ground-up development of its three million square foot building in the city. The MoU was exchanged in the presence of Telangana IT and [...]

New Delhi, Apr 28 (PTI) State-run engineering firm Bharat Heavy Electricals Ltd (BHEL) has inked a pact with GE Power Conversion for the development of integrated electric propulsion systems for the Indian Navy. "The signing of a Memorandum of Understanding (MoU) between BHEL and GE Power Conversion has provided a boost to the indigenous capability [...]

New Delhi, Apr 28 (PTI) Fintech API platform for FidyPay on Thursday said it has partnered with Yes Bank, a move that will extend the digital facilitation to a wide range of businesses, including SMEs, Fintechs, and start-ups. As part of the alliance, FidyPay will be enabling a seamless connected banking experience to Yes Bank's [...]

Manila, Apr 28 (PTI) Radisson Hotel Group plans to add 100 hotels in India by the end of 2025 as part of its ambitious plans for expansion in the Asia-Pacific region, according to its CEO Federico Gonzalez. “In India, we should surpass 100 hotels this year. If I look at India, I don’t know why [...]

New Delhi, Apr 28 (PTI) India Mortgage Guarantee Corporation (IMGC) on Thursday said Sagen MI Canada has agreed to acquire 31 per cent stake in the mortgage guarantee firm for an undisclosed amount. The proposed transaction will close after the receipt of statutory and regulatory approvals, IMGC said in a statement. Sagen, the largest private-sector [...]

New Delhi, Apr 28 (PTI) Realty firm Godrej Properties Ltd on Thursday said it has acquired a 58-acre land parcel in Nagpur to develop a residential project as part of its strategy to expand business. The company, which is part of Godrej group, did not disclose the value of this land deal. The development on [...]

Washington, Apr 28 (PTI) India offers huge opportunities for the US in bilateral defence trade but its offset requirements pose an enormous challenge in doing business with the country, a former top Pentagon official has told top American lawmakers. Ellen Lord, who previously served as the Under Secretary of Defence for Acquisition and Sustainment (A&S), [...]

New Delhi, Apr 27 (PTI) State-owned Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have bagged two licenses each for retailing CNG to automobiles and piped cooking gas to households in the latest bid round, regulator PNGRB said on Wednesday.Seven companies had put in 21 bids for city gas licences in five [...]

New Delhi, Apr 27 (PTI) State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday said it has signed a pact with Norwegian energy giant Equinor ASA for collaboration in oil and gas exploration and production as well as clean energy projects.The memorandum of understanding (MoU) was inked on April 26, the company said in a [...]

New Delhi, Apr 27 (PTI) Shares of Bajaj Finance on Wednesday tumbled over 7 per cent even after the company reported its highest-ever consolidated net profit for the quarter ended March. The stock tanked 7.24 per cent to end at Rs 6,716.65 on the BSE. During the day, it plunged 7.60 per cent to Rs [...]

New Delhi, Apr 27 (PTI) Online furniture and home decor platform WoodenStreet on Wednesday announced that it raised around USD 30 million (Rs 230 crore) in the latest funding round led by WestBridge Capital. The investment was done at a valuation of Rs 1,200 crore and it was a mix of primary and secondary investment, [...]

New Delhi, Apr 27 (PTI) The Enforcement Directorate (ED) on Wednesday said it has attached funds worth Rs 6.17 crore of various fintech companies in a case linked to dishing out mobile-app based loans at exorbitant interest rates to gullible people during the COVID-19 crisis. A provisional order to attach the money was issued under [...]

New Delhi, Apr 27 (PTI) Jammu & Kashmir Bank on Wednesday said it has appointed Rajni Saraf as Chief Financial Officer (CFO) with immediate effect. The decision was taken at the board meeting of the bank. "The board of directors of the bank in their meeting held on April 27, 2022, have appointed Rajni Saraf [...]

New Delhi, Apr 27 (PTI) Adani Enterprises Ltd (AEL) on Wednesday announced incorporation of its subsidiary AMG Media Networks. The wholly-owned subsidiary (WOS) will start its business operations in due course. "The company has incorporated a WOS namely, AMG Media Networks Limited on 26th April, 2022, with an initial authorized and paid-up share capital of [...]

New Delhi, Apr 27 (PTI) Global insurer Generali Asia on Wednesday said it has appointed Bruce de Broize as Managing Director and Chief Executive Officer of Future Generali India Life Insurance (FGILI). The appointment follows Generali's move to consolidate its position in FGILI by completing the transaction to become the majority stakeholder. In March, Italian [...]

New Delhi, Apr 27 (PTI) Mahindra Group Chairman Anand Mahindra on Wednesday batted for permitting a greater degree of participation and expression on Twitter, agreeing with his followers on the social media platform.He, however, said there is an urgent need for agencies and platforms that are dedicated exclusively to calling out fake news, fake posts [...]

New Delhi, Apr 27 (PTI) French tyre major Michelin on Wednesday said it has become the first tyre brand in India to be accredited with the recently introduced star labelling programme which is aimed at improving sustainability and newly introduced performance standards for tyres. Michelin X Multi Energy Z tyre has been awarded the industry's [...]

New Delhi, Apr 27 (PTI) Drug firm Lupin on Wednesday said it has appointed Diana Amador-Toro as Senior Vice President for Global Compliance. Amador-Toro will be responsible for leading the company's global compliance function including training, internal audit, and investigations. She will be based in Lupin's Somerset office in New Jersey, USA. "Quality is one [...]

New Delhi, Apr 27 (PTI) Unicorn startup Licious, which sells meat, meat products and seafoods, on Wednesday said it has invested USD 1 million (around Rs 7.6 crore) in a Bengaluru-based fresh pet food company, Pawfectly Made. Licious had in March raised USD 150 million (about Rs 1,140 crore) in funding led by Singapore-based Amansa [...]

● Dr. Vijay Bhatkar inaugurates Time Lapse Imaging system – Embryoscope machine ● The Embryoscope machine provides advanced technology at low cost for the first time in India.● The hospital houses many other firsts - Asia’s first 3 Tesla – Vida MRI scanner, the first MRI scanner with Biometric Technology, and a Fourth Generation Da [...]

New Delhi, Apr 27 (PTI) Digital investment platform Upstox on Wednesday strengthened its leadership team with the appointment of three senior executives. The company appointed Sudeep Ralhan as chief human resources officer, Manoj Agarwal as head of compliance and Sriram Krishnan as vice president of information security portfolio, according to a statement. "We are thrilled [...]

New Delhi, Apr 27 (PTI) Premium tea brand TeaMonk on Wednesday said it has raised Rs 3.5 crore from investors including Inflection Point Ventures to expand in domestic and global markets. The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said [...]

New Delhi, Apr 27 (PTI) Poshn, an agri-trading platform, on Wednesday said it has raised Rs 28.8 crore from investors including Prime Venture Partners for expansion and future growth. Poshn is a platform for wholesale processed commodity distribution and financing. It enables buyers and sellers of agricultural commodities to trade online. It makes wholesale trading [...]

New Delhi, Apr 27 (PTI) Drug major Lupin on Wednesday said it has joined hands with Yabao Pharmaceutical Co Inc to meet the growing demand for quality drugs with pediatric formulations in the Chinese market. The demand for high quality pediatric medicines has been growing rapidly in China as a result of the government's support [...]

New Delhi, Apr 27 (PTI) Tatas-owned Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission for the proposed deal.     AirAsia India is majority-owned by Tata Sons Private Ltd with a shareholding of 83.67 per cent and the remaining stake is with AirAsia Investment Ltd (AAIL), [...]

New Delhi, Apr 26 (PTI) IT company Cactus Communications has acquired software-as-a-service platform Mind the Graph for an undisclosed amount.The acquisition will enable Cactus to provide automated, DIY science figures and AI-powered scientific communication solutions to the researcher community, academic publishers, and the life sciences industry, the company said in a statement."This acquisition creates a [...]

New Delhi, Apr 26 (PTI) Statkraft and Aker Horizons have partnered to explore opportunities for green hydrogen and ammonia production in India. Statkraft and Aker Horizons, through its portfolio company Aker Clean Hydrogen have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India, a statement said. According to the [...]

Mumbai, Apr 26 (PTI) AU Small Finance Bank on Tuesday reported a 105 per cent growth in net income at Rs 346 crore for the March quarter driven by margin expansion, record loan sales and lower provisioning for impaired assets. However, the Jaipur-based lender which has completed five years of operations said its full year [...]

New Delhi, Apr 26 (PTI) Private sector lender RBL Bank on Tuesday said it will seek shareholders' approval for the appointment of interim MD and CEO Rajeev Ahuja till June 24, as the process to appoint a regular head awaits RBI's consent. Voting through postal ballot will start on April 28 and end on May [...]

New Delhi, Apr 26 (PTI) Azure Power Global on Tuesday announced that its board has accepted resignations of its chief executive officer Ranjit Gupta and chief operating officer Murali Subramanian. "Azure Power Global Ltd, a leading independent sustainable energy solutions provider and power producer in India, today announced that its board of directors have accepted [...]

New Delhi, Apr 26 (PTI) IT company Wipro Limited will acquire 100 per cent stake in Rizing Intermediate Holdings for about USD 540 million (around Rs 4,135 crore) in an all-cash deal to scale up its SAP consulting capabilities, the company said on Tuesday. US-based Rizing is the latest in a series of acquisitions by [...]

New Delhi, Apr 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd has signed a formal shareholder agreement for the USD 2 billion TA'ZIZ chemical joint venture in the UAE and inked a pact to collaborate with ADNOC in finding and producing conventional and unconventional resources. "Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA'ZIZ) and Reliance [...]

Kolkata, Apr 26 (PTI) Tea boutique Chai Chun is aiming at doubling its revenue in the next one year with expansion of retail outlets across the country, and is in talk with owners of two tea gardens in West Bengal's Darjeeling for acquisition, a company official said on Tuesday.The Siliguri-headquartered tea retailer clocks an annual [...]

New Delhi, Apr 26 (PTI) IT industry body Nasscom has appointed Krishnan Ramanujam, a senior executive at Tata Consultancy Services, as its Chairperson for 2022-23. Krishnan was the Vice Chairperson of the body. He succeeds Accenture's Senior Managing Director in India Rekha M Menon, who had served as the Chairperson for 2021-22. Nasscom (National Association [...]

New Delhi, Apr 26 (PTI) Realty firm Omaxe on Tuesday said it has raised Rs 440 crore from Värde Partners to expedite construction of its existing projects as well as expand business. Omaxe Group is developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore and Faridabad. It is also developing a multilevel parking cum commercial [...]