Latest News on Corporate Actions

New Delhi, Apr 26 (PTI) Cardinal Health, a global healthcare distribution company, on Tuesday said it has launched a new global capability centre in Bengaluru. The centre, named as Cardinal Health International India (CHII), will function as a global hub for IT, augmented intelligence and product software engineering, among others. CHII marks a large investment [...]

New Delhi, Apr 26 (PTI) Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday entered into a pact with the Indian Institute of Technology Bombay to carry out a joint research and develop the green hydrogen technology. Hydrogen when produced through electrolysis process using renewable energy is known as green hydrogen which has no [...]

New Delhi, Apr 26 (PTI) Agritech firm DeHaat on Tuesday said it has acquired significant majority stake in Bengaluru-based food technology company Y-Cook India as part of its plan to expand business. The company said in a statement that the investment is in tune with its expansion plans to yield significant price benefits to farmers [...]

New Delhi, Apr 26 (PTI) Japanese utility vehicles major Isuzu Motors on Tuesday announced top management changes in its India operations with Wataru Nakano taking over as the President and Managing Director of Isuzu Motors India (IMI). The company also announced the appointments of Toru Kishimoto as Deputy Managing Director of IMI and Rajesh Mittal [...]

Farrukhnagar (Haryana), Apr 26 (PTI) French third party logistics company FM Logistic on Tuesday inaugurated its first owned multi-client facility (MCF) here as part of its five-year 150 million euros investment plan announced in March 2019. Located on a 31-acre site, the state-of-the-art facility will offer 7.6-lakh sq ft of warehousing space, providing warehousing and [...]

New Delhi, Apr 26 (PTI) Speciality south Indian food startup VS Mani & Co on Tuesday said it has raised USD 3,70,000 (over Rs 2.5 crore) in an angel funding round. Angel investors, including Haresh Chawla, Partner, True North Co; Anupam Mittal, Founder and CEO People Group; Ashish Hemrajani, Founder & CEO, BookMyShow; Sidharth Rao, [...]

New Delhi, Apr 26 (PTI) GlaxoSmithKline Pharmaceuticals on Tuesday said it has launched Trelegy Ellipta for Chronic Obstructive Pulmonary Disease (COPD) patients. Trelegy Ellipta (fluticasone furoate/umeclidinium/vilanterol) is the first once daily single-inhaler triple therapy (SITT) in India for COPD patients. The product launch comes after the Drugs Controller General of India (DCGI) approved the use [...]

New Delhi, Apr 26 (PTI) Telehealth platform Truemeds on Tuesday said it has raised USD 22 million (around Rs 168 crore) in a funding round led by private equity fund Westbridge Capital. The latest series B funding round also saw participation from existing investors including InfoEdge Ventures, Asha Impact and IAN Fund. The round witnessed [...]

Kolkata, Apr 26 (PTI) Shriram Properties Ltd has entered into an agreement with LOGOS for potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara here for an undisclosed sum, officials said.LOGOS intends to develop the land into a modern and sustainable logistics park, offering around 2.2 million square feet [...]

New Delhi, Apr 26 (PTI) Electric vehicle maker, One Moto India on Tuesday said it has partnered with Royal Sundaram General Insurance Co Ltd for insurance policies of its vehicles.  Under the tie-up, One Moto India customers will be able to avail an add on cover-depreciation waiver that enables them full claim without deduction, to [...]

New Delhi, Apr 26 (PTI) Biocon Biologics Ltd on Tuesday said its subsidiary has bagged a three-year contract, valued at USD 90 million (around Rs 688 crore), from the Malaysian government for the supply of recombinant human insulin brand Insugen. Biocon Sdn Bhd has been awarded the three-year contract by Ministry of Health (MoH), Malaysia. [...]

New Delhi, Apr 25 (PTI) Having issued over 21 lakh cards since lifting of curbs last year, the country's largest private sector lender HDFC Bank is planning to launch a slew of digital initiatives over the next few quarters, a top official said. The Reserve Bank had barred HDFC Bank from issuing new credit cards [...]

New Delhi, Apr 25 (PTI) Private sector lender Yes Bank Ltd has moved National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Zee Learn, according to a regulatory filing. The company said that Yes Bank Ltd has allegedly claimed that the total amount in default with respect to a financial facility is Rs [...]

New Delhi, Apr 25 (PTI) OMRON Healthcare India, a leading player in digital home blood pressure monitoring segment, on Monday said it has appointed Kotaro Suzuki as its new Managing Director. Prior to this assignment, Suzuki has served in numerous senior leadership roles, including domestic and overseas sales, corporate strategy planning, product planning, across varied [...]

New Delhi, Apr 25 (PTI) Appellate tribunal NCLAT has directed not to take any "further steps" in pursuance with an order passed by the National Company Law Tribunal directing to initiate insolvency proceedings against realty firm Santasha Real Estate. The New Delhi bench of the National Company Law Tribunal (NCLT) had on March 29, 2022 [...]

New Delhi, Apr 25 (PTI) Steel major JSW Steel on Monday denied participating in the bidding process to acquire state-owned helicopter services provider Pawan Hans.           Recently, a media report quoting sources said that the company has submitted a bid to buy Pawan Hans, JSW Steel informed the stock exchanges. "The [...]

Mumbai, Apr 25 (PTI) Zypp Electric, which operates in the last-mile space, on Monday said it has raised USD 1 million (about Rs 7.6 crore) in debt funding from Northern Arc to expand its electric vehicle (EV) fleet services as it is looking to deploy 1.5 lakh e-scooters in the country over the next three [...]

Mumbai, Apr 25 (PTI) TCS on Monday said it has signed a deal with SBI Card that will help digitalise and transform online onboarding processes of the latter's customers and will further enable the client to expand its e-card issuance. It, however, did not disclose value of the deal. TCS has been serving the largest [...]

New Delhi, Apr 25 (PTI) Natural farming is the need of the hour as the cost of production of foodgrain has increased due to the use of chemicals and fertilisers, NITI Aayog CEO Amitabh Kant said on Monday. Addressing the 'National Workshop on Innovative Agriculture' organised by NITI Aayog, Kant further said India is now [...]

Jaipur, Apr 25 (PTI) The Rajasthan Venture Capital Fund (RVCF) has exited Mumbai-based fintech startup Mosambee with a 19 times jump in returns. RVCF, supported by Rajasthan State Industrial Investment and Investment Corporation (RIICO) and other institutions, had invested Rs 5.25 crore in Mosambee in 2015 and 2016 in the form of equity. Singapore-based Pine [...]

New Delhi, Apr 25 (PTI) IT company Cyient will acquire global plant and product engineering services company Citec for about Rs 800 crore to strengthen its business offerings. Citec was founded in 1984, as an international plant and product engineering services company serving customers across the energy, mining, process, oil and gas, and manufacturing industries. [...]

Mumbai, Apr 24 (PTI) The Deposit Insurance and Credit Guarantee Corporation (DICGC) will be making payments to the eligible depositors of Lucknow-based Indian Mercantile Cooperative Bank on April 27, according to a notice. Depositors of Beed-based Dwarakadas Mantri Nagari Sahakari Bank will get payments on June 6. DICGC, a wholly-owned subsidiary of the RBI, provides [...]

New Delhi, Apr 24 (PTI) WhiteOak Capital Asset Management, a new entrant to the mutual fund space, is looking to open nearly 100 branches across the country in the next 12-18 months. Also, the company has lined up six different mutual fund products with the first being a flexi-cap fund, followed by an emerging markets [...]

New Delhi, Apr 24 (PTI) State-owned Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 6,000 crore to add 7.5 million tonnes of oil production and 1 billion cubic meters of gas output over the life of the Mumbai High fields, as it doubles down efforts to raise productivity from mature and [...]

New Delhi, Apr 24 (PTI) Ola Electric is recalling 1,441 units of its electric two-wheelers in the wake of incidents of vehicles catching fire, according to a company statement. The company said its investigation into the fire incident on March 26, in Pune, is ongoing and preliminary assessment found that it was an isolated one. [...]

Mumbai, Apr 23 (PTI) Vishakha Mulye, an ICICI Bank veteran, will take over as the chief executive of Aditya Birla Capital, the non-bank lender said on Saturday.Mulye, who was the executive director of ICICI Bank in charge of the wholesale banking portfolio, will take over her role on June 1, as per an announcement by [...]

New Delhi, Apr 23 (PTI) HDFC Bank on Saturday declared a 1550 per cent or 15.50 per share dividend to its shareholders for the financial year 2021-22. The board at its meeting has recommended a dividend of Rs 15.50 per equity share of Re 1 (1550 per cent) out of the net profits for the [...]

New Delhi, Apr 23 (PTI) Torrent Power has inked a share purchase pact to acquire 100 per cent equity in a 50 MW solar plant of SkyPower Group at an enterprise value of Rs 417 crore. Torrent Power Ltd has entered into a Share Purchase Agreement (SPA) with SkyPower Southeast Asia III Investments Limited and [...]

Kolkata, Apr 23 (PTI) Digital marketing agency Startup Voyager will pump £2.2 million into its newly launched UK-based travel site ExperiWise for its business expansion over the next two years. The investment is a part of the new £1 billion UK-India trade deals that were announced by British Prime Minister Boris Johnson on April 21 [...]

Mumbai, Apr 23 (PTI) Tata Motors on Saturday said it has hiked the prices of its passenger vehicles by an average 1.1 per cent with immediate effect. Tata Motors has increased prices across its passenger vehicles to partially offset the rise in input cost, the company said in a statement. Effective April 23, the weighted [...]

New Delhi, Apr 22 (PTI) Niti Aayog Vice Chairman Rajiv Kumar has stepped down, sources said. The reason behind his move could not be immediately ascertained. Kumar, an eminent economist, took over as vice chairman of Niti Aayog in August 2017 after the then VC Arvind Panagariya exited the government think-tank to return to academics. [...]

Mumbai, Apr 22 (PTI) Despite uncertainties arising out of global and domestic events, India's fundamentals are strong and its growth story is very much intact, ITC Ltd Chairman and Managing Director Sanjiv Puri said on Friday. He, however, said the rise in inflation is a concern, which has affected the demand. "No doubt that we [...]

Chennai, Apr 22 (PTI) Auto major Tata Motors on Friday gave away 101 electric vehicles to customers, hitting the milestone of the highest delivery made on a single day in Tamil Nadu. The deliveries comprised 70 units of Nexon SUVs and 31 Tigor sedans at an event held through Srilakshmi Auto Enterprises in Chennai. "It [...]

Mumbai, Apr 22 (PTI) State-owned Bank of Baroda on Friday said it has reduced interest rate on home loans to 6.50 per cent per annum from 6.75 per annum for a limited period. The new rates, which are linked to the borrower's credit profile, are applicable till June 30, 2022, the bank said in a [...]

New Delhi, Apr 22 (PTI) German firm SFC Energy and FC TecNrgy have inked a pact to enter into manufacturing of hydrogen and methanol fuel cells in India. The venture plans to set up a manufacturing unit, Research & Development and a repair centre in Gurugram, Haryana, a statement said. Further, they have also announced [...]

Mumbai, Apr 22 (PTI) Electric vehicle (EV) maker Hop Electric on Friday said it is looking to expand its retail footprint to more than 300 cities by the end of the year. The Jaipur-based firm had entered the EV space last June and has over 100 retail stores already in place in a span of [...]

Washington, Apr 22 (PTI) US aerospace giant Boeing is planning to fly two Super Hornet fighter jets to Goa this summer for operational demonstrations before its potential buyer the Indian Navy, according to a senior company executive. Making a strong sales pitch for F/A-18 Super Hornet, vice president of Boeing's India Business Development Alain Garcia [...]

Bhubaneswar, Odisha, India (NewsVoir) Highlights: • iServeU had secured approval of investment of up to INR 100 crores or approx. USD 13 million.• NiyoginFintech has now invested INR 50 crores of the first tranche in iServeU.• iServeU to create over 1500 new engineering jobs in Bhubaneshwar, Odisha in next 3 years iServeU, a leading financial [...]

PUNE, India, April 22, 2022 /PRNewswire/ -- Uneecops Business Solutions, a leader in Business Automation Services, has announced its acquisition of digiCloud – a Salesforce Partner based in Pune, India. This acquisition further augments Uneecops' capabilities in the Salesforce area, offering clients an unparalleled CX experience. Ketan Jain, Executive Director, Uneecops said, "The acquisition of [...]

New Delhi, Apr 22 (PTI) Hero Electric on Friday said it has joined hands with Even Cargo, the country's first women-only delivery platform, to strengthen the last-mile delivery segment.The collaboration envisages women to play a crucial role in accelerating electric mobility adoption and increasing penetration in low-income communities.As part of the tie-up, Hero Electric will [...]

Mumbai, Apr 22 (PTI) Global hospitality company Marriott International on Friday said it has promoted Ranju Alex as its Area Vice President for the South Asia region.Alex will take over the charge from Neeraj Govil -- who was relocated to Singapore after being appointed as Senior Vice President of Operations for the Asia Pacific (excluding [...]

Mumbai, Apr 22 (PTI) Faridabad-based electric vehicle maker Omega Seiki Mobility on Friday announced its plans to set up the world's largest electric three-wheeler manufacturing plant in Karnataka at an investment of USD 250 million (about Rs 1,900 crore).To be built on 250 acres of land in three phases and with a capacity to produce [...]

Mumbai, Apr 22 (PTI) About seven in ten domestic companies, mostly the polluting ones spanning ten sectors, are confident of meeting their emission reduction goals, pushed by investors as also committed by the government at the last UN summit on climate change, according to a survey. At the United Nation's 26th Conference of Parties (COP26) [...]

Hosur, Tamil Nadu, India (NewsVoir) • The announcement on the side lines of Mr. Boris Johnson, Prime Minister of the United Kingdom, visit to India • The investment is an extension of the TVS Motors’ commitment to offering cutting edge technology, world-class vehicles, manufacturing, sustainability & future mobility TVS Motor Company, a reputed manufacturer of [...]

New Delhi, Apr 22 (PTI) Adani Ports and Special Economic Zones (APSEZ) on Friday said its subsidiary Adani Harbour Services has entered into a definitive agreement to acquire leading third-party marine services provider Ocean Sparkle Ltd (OSL).Commenting on the development, APSEZ CEO and Whole-time Director Karan Adani said given the synergies of OSL and the Adani [...]

New Delhi, Apr 22 (PTI) Tech titan Apple on Friday announced a partnership to protect the crucial mangrove ecosystem and the livelihoods that depend on it in Raigad district of Maharashtra, in line with its efforts to support communities around the world most impacted by climate change. Towards this, Apple awarded a grant to the [...]

Kolkata, Apr 21 (PTI) GAIL, its JV company Bengal Gas Co and Hindustan Petroleum Corporation Ltd’s combined investment in various CNG projects in West Bengal will be Rs 17,000 crore over the next five years, senior officials said on Thursday.The projects include piped gas distribution and setting up of Compressed Natural Gas (CNG) stations. Availability [...]

Mumbai, Apr 21 (PTI) Vedanta Aluminium on Thursday said it has hired seven transgender employees at its subsidiary Bharat Aluminium Company (BALCO). Four of them have been engaged in forklift operations at cast house and three others in security function at Chhattisgarh-based BALCO, Vedanta Aluminium said in a statement. According to the statement, this is [...]

Mumbai, Apr 21 (PTI) Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest [...]

NEW DELHI, April 21, 2022 /PRNewswire/ -- HarperCollins is delighted to announce its acquisition of the keenly anticipated new book by bestselling author, Ashwin Sanghi - India's master storyteller with more than a million copies of his books sold in print in English and other Indian languages. HarperCollins India will publish his next novel (Book [...]

Mumbai, Apr 20 (PTI) Edu-fintech startup Financepeer has mopped up USD 31 million (about Rs 235 crore) in Series-B funding led by US-based venture capital fund QED Investors, domestic investor Aavishkaar Capital and Ardent Ventures.This is the second funding for the city-based startup, which is the industry leader with over 40 per cent externally-funded education [...]

Mumbai, Apr 20 (PTI) Mid-tier IT company Mastek is aiming for a nearly four-fold growth in its top line to a yearly rate of USD 1 billion by 2026 or early 2027 through a mix of both organic growth and acquisitions, a senior official said on Wednesday.The city-headquartered company, which had cash of over Rs [...]

New Delhi, Apr 20 (PTI) Alembic Pharmaceuticals on Wednesday said it has received approval from the US health regulator to market lvabradine tablets, used to treat heart failure, in the American market. The company has received tentative approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for lvabradine [...]

Mumbai, Apr 20 (PTI) Auto parts maker Sona Comstar on Wednesday said it has formed a strategic partnership with Canada-based Enedym Inc to produce magnet-less electric vehicles motors in India. Enedym develops next generation switched reluctance motors (SRMs), electric propulsion, and electrified powertrains. Under the agreement, the two parties will develop SRM drive platforms for [...]

New Delhi, Apr 19 (PTI) Markets regulator Sebi on Tuesday imposed penalties totalling Rs 24 crore on nine entities, including businessmen Malvinder Mohan Singh and Shivinder Mohan Singh, in connection with violations in the Fortis Healthcare matter. In addition, the regulator has barred Singh brothers and others from the capital markets. The case relates to Singh [...]

New Delhi, Apr 19 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Tuesday said it has defaulted on payment of Rs 29.33 crore as interest on non-convertible debentures (NCDs). The due date for payment was April 18, 2022, it said in a regulatory filing. This is the third default by the Kishore Biyani-led Future group firm [...]

New Delhi, Apr 19 (PTI) Telecom operator Jio on Tuesday waived entry fee and installation charges for new customers opting for postpaid Jiofiber connections to strengthen its position in the segment.The company has also introduced monthly plans for JioFiber postpaid customers and given an option to subscribers of low-value plans to pay Rs 100 for [...]

Mumbai, Apr 19 (PTI) State-owned lender Punjab and Sind Bank on Tuesday declared Srei Infrastructure Finance and SREI Equipment Finance Ltd accounts as fraud.The lender said both the companies facing insolvency proceedings are non-performing assets (NPAs)."It is informed that the NPA accounts- SREI Infrastructure Finance Ltd (SIFL) with outstanding dues of Rs 510.16 crore and [...]

Mumbai, Apr 19 (PTI) Non-banking finance companies (NBFCs) will have to ensure while approving loans to the real estate sector that the borrowers have been granted permission from the government and other regulatory authorities for their projects, the Reserve Bank said on Tuesday. Besides, the regulator said NBFCs should not grant loans and advances totalling [...]

Chennai, Apr 19 (PTI): Global technology company Freudenberg Group on Tuesday has regrouped its battery and fuel cell business with effect from this month, a top official said on Tuesday. The company has made investments of Euros 7.1 million in the domestic market which include acquisition of a new plant in Sriperumbudur near here. "We [...]

New Delhi, Apr 19 (PTI) Healthcare and insurance startup Loop on Tuesday said it has raised USD 25 million (over Rs 190 crore) in a funding round co-led by General Catalyst and Elevation Capital (formerly Saif Partners).The series B funding round also saw participation from leading Silicon Valley investor Vinod Khosla and Khosla Ventures, Sierra [...]

New Delhi, Apr 19 (PTI) Audio entertainment platform Headfone has raised USD 10 million (about Rs 76 crore) in funding led by Elevation Capital. The series B funding round also saw participation from existing investor Hashed as well as prominent angels, including Ajit Mohan (founding CEO, Hotstar), Biswa Kalyan Rath (entertainer) and Anshumani Ruddra (group [...]

New Delhi, Apr 19 (PTI) Housing finance major HDFC Ltd on Tuesday divested 1 per cent stake in real estate company Ansal Housing & Construction Ltd through an open market transaction. According to bulk deal data available with the NSE, Housing Development Finance Corporation Ltd (HDFC) sold a total of 5,74,726 shares, amounting to 0.96 [...]

New Delhi, Apr 19 (PTI) Max Ventures and Industries Ltd on Tuesday said its board has approved amalgamation of the company with its wholly-owned subsidiary Max Estates Ltd as a part of group's restructuring exercise and to focus completely on real estate business.In November, Max Ventures and Industries had announced an exit from specialty packaging [...]

New Delhi, Apr 19 (PTI) Underdog Athletics on Tuesday said it has been appointed as the exclusive distributor and licensee for the US-based athletic performance apparel and footwear brand Under Armour in India. As part of Under Armour's expansion in India, it plans to open 10 stores per year in the country along with expanding [...]

New Delhi, Apr 19 (PTI) State-owned SJVN Ltd has tied up funds for a 66-MW hydropower project in the Hamirpur and Kangra districts of Himachal Pradesh.Nand Lal Sharma, Chairman & Managing Director of SJVN Ltd, in a statement, informed that the financial closure for the 66 MW Dhaulasidh Hydro Electric Project situated in Hamirpur and [...]

New Delhi, Apr 19 (PTI) Fintech startup Savein on Tuesday said it has raised USD 4 million (about Rs 30 crore) from a clutch of investors based in Silicon Valley and Europe. Savein focuses on outpatient and elective healthcare procedures like dental, eye care, veterinary, diagnostics, dermatology, hair care, fertility, wellness and alternate therapies, among [...]

New Delhi, Apr 19 (PTI) Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said infrastructure companies should also float their own non-banking financial companies (NBFCs) to fund road construction related projects. Gadkari further said the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry's Power Finance [...]

New Delhi, Apr 19 (PTI) IT firm Cigniti Technologies has bagged a deal with an annual contract value of over USD 10 million (about Rs 76 crore) from one of the largest and oldest financial services firm in the US to accelerate the digital transformation of the firm, the company said on Tuesday.Without disclosing the [...]

New Delhi, Apr 19 (PTI) Agritech startup Eeki Foods has raised USD 6.5 million (about Rs 49 crore) from investors led by General Catalyst for expansion and growth. Among others, Avaana Capital, Better Capital, Irving Fain, CEO and Founder of Bowery Farming, Subbu Palaniappan, Director & Head of Amazon Prime India, Srinivas Narayanan, former VP [...]

New Delhi, Apr 19 (PTI) The legislation amending the laws governing chartered accountants, cost accountants and company secretaries has received the assent of President Ram Nath Kovind.The bill, which provides for substantial changes and ensures more transparency with respect to the functioning of the apex institutes of the three professions, was cleared by Parliament on [...]

Chennai, Apr 19 (PTI) Angel investment group The Chennai Angels has announced lines of investment worth Rs 6 crore in Jidoka Technologies, which is engaged in automation of visual defects and audio testing, the company said on Tuesday. With Rs 3 crore to be invested in the initial round, a follow-on investment of Rs 3 [...]

New Delhi, Apr 19 (PTI) Ajmera Realty & Infra India Ltd on Tuesday said it will launch six projects in Mumbai and Pune during the next two financial years and it expects to generate sales worth Rs 4,000 crore. In a regulatory filing, the company said it expects "to clock in sales worth around Rs [...]

New Delhi, Apr 19 (PTI) The country's first portable solar rooftop system was inaugurated at Swaminarayan Akshardham temple complex in Gandhinagar on Monday.The installation of 10 PV Port systems in the temple complex has been supported by the German development agency Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ), a statement said.The systems have been installed under [...]

AHMEDABAD, India, April 19, 2022 /PRNewswire/ -- Today, Intas Pharmaceuticals Ltd. announced a research collaboration with Comera Life Sciences, Inc., to develop a new generation of bio-innovative biologic medicines to improve patient access, safety, and convenience. Under the terms of the partnership agreement, Comera will develop a differentiated formulation of an Intas product using Comera's [...]

New Delhi, Apr 19 (PTI) The National Pharmaceutical Pricing Authority (NPPA) on Tuesday said it has capped retail prices for 15 formulations used to treat various diseases, including diabetes. The drug pricing regulator said the prices have been fixed after a meeting held in the last week of March. Companies producing these medicines will now [...]

New Delhi, Apr 19 (PTI) Startup electric vehicles (EV) maker Etrio Automobiles Pvt Ltd on Tuesday said an automotive industry veteran, Prabhakar Kadapa, has joined its board of directors. Kadapa served most recently as the CEO & Managing Director (MD) at PSA AVTEC Powertrain Pvt Ltd, a joint venture between PSA Groupe, France and CK [...]

New Delhi, Apr 19 (PTI) Global FMCG firm Procter & Gamble on Tuesday announced the appointment of L V Vaidyanathan as the Chief Executive Officer for its operations in India from July 1, 2022. Vaidyanathan will take over from Madhusudan Gopalan, who will be taking up a leadership role within P&G as Senior Vice President [...]

Pune, Maharashtra, India – Business Wire India Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has entered digital consumption loans space through a tie up with KrazyBee. Under this partnership Poonawalla Fincorp will offer small ticket personal loans to individuals. Poonawalla Fincorp focusses on consumer and small business finance as a part of its stated strategy. [...]

Mumbai, Apr 18 (PTI) The Reserve Bank of India (RBI) has imposed a fine of over Rs 17 lakh on non-banking finance company Manappuram Finance for violating KYC guidelines as well as norms related to prepaid payment instruments. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the [...]

New Delhi, Apr 18 (PTI) Jwalamukhi Investment on Monday offloaded TVS Motor Company's shares worth Rs 212 crore through an open market transaction. However, the buyer(s) of the shares could not be ascertained immediately. According to bulk deal data available with the National Stock Exchange (NSE), Jwalamukhi Investment sold a total of 32,62,840 shares of TVS [...]

Mumbai, Apr 18 (PTI) E-mobility tech platform MoEVing on Monday announced expanding its operation to various Tier-2 cities in Punjab, Uttar Pradesh, Rajasthan, Gujarat and Tamil Nadu. It also plans to deploy 5,000 electric vehicles in Tier-2 markets this year. The company said that it already has over 1,000 electric two and three-wheelers in operation, [...]

Chennai, Apr 18 (PTI) Confederation of Indian Industry (CII) President T V Narendran on Monday expressed sadness over the death of N Sankar, Chairman, The Sanmar Group. Sankar (77), died here on Sunday following a brief illness. "India has lost one of its visionary industry leaders. Mr N Sankar worked tirelessly for over 5 decades [...]