Latest News on Corporate Actions

New Delhi, Apr 18 (PTI) Sterlite Power on Monday said it has acquired a 64.98 per cent equity stake in Maharashtra Transmission Communication Infrastructure Limited. The company said in a statement that it has "acquired this equity stake from Sterlite Technologies Limited (STL)." Without sharing any further details, Sterlite Power said the acquisition is in [...]

Mumbai, Apr 18 (PTI) Myre Capital, which facilitates real estate investment through fractional ownership, on Monday announced that it will raise Rs 500 crore fund to invest in commercial realty assets across the country after July this year. The Rs 500-crore Alternate Investment Fund (AIF) will be the first of its neo-realty investment fund, and [...]

New Delhi, Apr 18 (PTI) Realty firm Embassy group on Monday said it has given on lease 85,000 square feet of office space to Acsia Technologies in Trivandrum, Kerala. Acsia Technologies is its new tenant in the Embassy Taurus TechZone project, it said in a statement. As part of their major expansion project, Acsia's new [...]

New Delhi, Apr 18 (PTI) The Competition Commission has cleared the proposed acquisition of a minority stake in BDR Pharmaceuticals International Pvt Ltd by Multiples Private Equity Fund III and other investors. Under the transaction, the minority stake would be purchased by Multiples Private Equity Fund III, SRF Transnational Holdings Ltd, Balkrishna Industries Ltd, Dharmayug [...]

New Delhi, Apr 18 (PTI) NBFC Advik Capital is open to exploring partnerships with financial technology companies as it looks to expand business, a top company official said on Monday. The company is looking to expand its personal loans, gold loans and consumer durable financing portfolios in addition to its corporate loan segment. "Advik Capital [...]

New Delhi, Apr 18 (PTI) Digit Insurance on Monday said it has elevated Jasleen Kohli as the new Managing Director & Chief Executive Officer (CEO) of the company with effect from April 20. At 42, Kohli will become one of the youngest CEOs in the insurance industry, according to the company. Kohli will take over [...]

MUMBAI, India, April 18, 2022 /PRNewswire/ -- Indiabulls Real Estate Limited (NSE: IBREALEST) (BSE: 532832), announced that it has successfully completed a capital raise of ₹8.65 billion (US$ 114 million) at ₹101.10 per equity share through Qualified Institutional Placement. Trading of these shares will commence today i.e. April 18, 2022, on NSE and BSE. The [...]

New Delhi, Apr 18 (PTI) US-based aircraft engine manufacturer GE has partnered with the Tamil Nadu Industrial Development Corporation (TIDCO) to set up a centre of excellence in the southern state on emerging aviation engine technologies."An investment of about Rs 141.26 crore over five years was proposed to be funded by TIDCO and GE in [...]

New Delhi, Apr 18 (PTI) Indiabulls Real Estate on Monday said it will utilise Rs 865 crore raised by issuing shares to institutional investors mainly for land acquisition and debt reduction.The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12.In a regulatory filing, Indiabulls Real [...]

Mumbai, Apr 18 (PTI) The Economic Offences Wing (EOW) of the Mumbai Police has registered 34 FIRs against 150 people, including 60 foreigners- 40 of them from China- for allegedly violating laws regarding the registration of new companies and for fraudulently becoming directors of Indian companies, a police official said on Monday. The official said [...]

New Delhi, Apr 18 (PTI) Digit Insurance on Monday said it has elevated Jasleen Kohli as the new Managing Director & Chief Executive Officer (CEO) of the company with effect from April 20. At 42, Kohli will become one of the youngest CEOs in the insurance industry, according to the company. Kohli will take over [...]

New Delhi, Apr 18 (PTI) LML Electric on Monday said it has inked a letter of intent (LOI) to form a joint venture with Germany-based electric hyperbike manufacturer eROCKIT AG. If the parties agree on the JV, the mass production of the bikes will take place at LML's facilities in India. "With this new jewel [...]

New Delhi, Apr 18 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range, between 0.9 per cent to 1.9 per cent, with immediate effect. The company, which currently sells a range of vehicles from Alto to S-Cross, said it has taken the decision [...]

Mumbai, Apr 18 (PTI) UrbanPiper, a restaurant management platform, has raised USD 24 million in a funding round led by existing investors Sequoia Capital India and Tiger Global, along with new investors Swiggy and Zomato and a slew of angel investors. The Bengaluru-based startup said the angels who boarded the firm include Pankaj Chaddah of [...]

Mumbai, Apr 18 (PTI) The country's largest lender State Bank of India (SBI) on Monday said it has raised USD 500 million (over Rs 3,800 crore) through its IFSC Gift City branch. This is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan raised by SBI through its Gift City branch, a [...]

New Delhi, Apr 18 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range with immediate effect in order to partially offset the impact of rise in input costs. The company, which sells a range of vehicles from Alto to S-Cross, said the weighted [...]

Kolkata, Apr 17 (PTI) Coal India Ltd is set to launch its own e-auction platform, and the mining major has informed new and existing bidders to register on the portal, a top company official said.At present, the e-auction portal is managed by mjunction and state-owned MSTC Ltd.E-auction sales account for around 120 million tonnes annually [...]

Chennai, Apr 17 (PTI) Chairman of The Sanmar Group N Sankar died on Sunday following a brief illness, family sources said. He was 77. He is survived by wife, a son and daughter. Son Vijay Sankar is the deputy chairman while N Kumar, brother of Sankar, is the vice-chairman. Sankar had held various responsibilities in [...]

New Delhi, Apr 17 (PTI) Breaking its silence over controversy at fintech firm BharatPe, Sequoia Capital India on Sunday said it has zero tolerance towards proven wrongdoing and will continue to respond strongly to wilful misconduct or fraud so that a few errant founders do not create big setbacks for startup ecosystem. Sequoia, which is [...]

Agartala, Apr 17(PTI) ONGC has successfully drilled three gas wells in Tripura by using new technology, a senior company official said on Sunday. The new technology - Managed Pressure Drilling (MPD) proved to be beneficial in the state because conventional drilling could not be used in these geographical locations, said ONGC Tripura Asset Manager, Tarun [...]

New Delhi, Apr 17 (PTI) Settlement of expense reimbursement claims under health insurance policies on an average takes about 20 to 46 days from the date of intimation to the insurer, said a study conducted by insurtech platform SecureNow. The company said the industry data tabulated by it also shows that patients are quite prompt [...]

Mumbai, Apr 17 (PTI) The Reserve Bank of India (RBI) is planning to take on lease at least 50,000 square feet of office space in Bandra Kurla Complex (BKC) and South Mumbai. According to an Expression of Interest (EoI) floated by the RBI, the acquisition of office premises is proposed on a long-term lease basis [...]

New Delhi, Apr 16 (PTI) Electric scooter maker Okinawa Autotech on Saturday said it is recalling 3,215 units of its Praise Pro scooters to check and fix any issue related to batteries with immediate effect. The initiative is part of the company's comprehensive power pack health check-up camps, the company said in a statement. Okinawa [...]

New Delhi, Apr 16 (PTI) HDFC Bank on Saturday said it will raise up to Rs 50,000 crore in the next one year by issuing bonds aimed at financing infrastructure and affordable housing loan requirements of the customers. The decision was taken at the meeting of the board of directors. The board has approved the [...]

New Delhi, Apr 16 (PTI) Mahindra Holidays & Resorts India Ltd on Saturday said it will increase its holding in Rocksport Pvt Ltd, a firm engaged in soft adventure activities and learning programmes, to 23.42 per cent with the acquisition of a tad over 4.88 lakh equity shares for Rs 12 crore. The company has [...]

Indore, Apr 16 (PTI) Software export from four IT special economic zones, including those of TCS and Infosys, here climbed to Rs 1,761.19 crore in the last fiscal, registering around 52 per cent growth following a surge in demand in IT services. The four IT SEZs accounted for Rs 1,161.40 crore of exports in 2020-21, [...]

Begusarai, Apr 15 (PTI) Chief Minister Nitish Kumar on Friday inaugurated a bottling unit of food and beverages major PepsiCo in Bihar's Begusarai district.The plant, set up at a cost of Rs 550 crore in Asurari area by PepsiCo franchisee holder Varun Beverages Ltd (VBL), created direct employment opportunities for over 500 people, officials said."This [...]

New Delhi, Apr 15 (PTI) Kishore Biyani-led Future Retail Ltd (FRL) on Friday said the meetings of its shareholders and creditors next week to consider and approve the sale of its retail assets to billionaire Mukesh Ambani's Reliance Retail are in compliance with the directions issued by the NCLT. Earlier this week, e-commerce major Amazon, [...]

New Delhi, Apr 15 (PTI) IndiGo on Friday appointed former Shell India chairman Vikram Singh Mehta and former Indian Air Force (IAF) chief B S Dhanoa as independent non-executive directors. Their appointment is "subject to receipt of security clearance from the Ministry of Civil Aviation (MoCA) and approval of the members of the company," IndiGo [...]

New Delhi, Apr 15 (PTI) Housing Development Finance Corporation Ltd (HDFC) has moved insolvency tribunal NCLT against the country's leading multi-system operator SITI Networks Ltd for an alleged default of Rs 296 crore. SITI Networks has received a notice issued by the Mumbai bench of the National Company Law Tribunal over the petition filed by [...]

New Delhi, Apr 15 (PTI) Fund raising by listed companies through private placement of corporate bonds plunged to a six-year low in 2021-22 to Rs 5.88 lakh crore owing to good performance of the equities and aggressive fund disbursal by banks at lower interest rate. This was 24 per cent lower from a record Rs [...]

Kolkata, Apr 15 (PTI) City-based realtor Merlin Group has launched a Rs 200 crore skyscraper in Sector V, Salt Lake, the IT hub of the metropolis. The proposed commercial hub --The Summit will be 348 feet tall with 28 floors. It will be the tallest commercial space in Sector V. Now PS Srijan Corporate Park [...]

New Delhi, Apr 14 (PTI) Indian aviation regulator DGCA has issued show-cause notices to SpiceJet and training organisation CSTPL for not imparting proper training to 90 pilots on the 737 Max simulator, officials said on Thursday.Earlier this week, the Directorate General of Civil Aviation (DGCA) barred 90 SpiceJet pilots from operating Boeing 737 Max aircraft [...]

New Delhi, Apr 14 (PTI) Tata Power on Thursday said a consortium led by US-based BlackRock Real Assets will invest Rs 4,000 crore in its subsidiary, Tata Power Renewable Energy Ltd, for over 10 per cent equity stake. Abu-Dhabi-based investment company Mubadala Investment Company (Mubadala) is also part of consortium GreenForest, Tata Power Company said [...]

Mumbai, Apr 14 (PTI) Tata Group chairman Natarajan Chandrasekaran on Thursday said the group's recently launched super app Neu is on an open architecture and it will host non-group brands as well. The Tatas finally launched its super app Tata Neu on April 7, after piloting it for months, but the group chairman claimed there [...]

New Delhi, Apr 14 (PTI) Online travel services provider EaseMyTrip on Thursday said it has witnessed up to 50 per cent increase in advance air ticket bookings for the coming summer period and the long weekend beginning Good Friday. Driven by pent-up demand and the removal of travel restrictions across the globe, the Indian travel [...]

New Delhi, Apr 14 (PTI) Bharat Petroleum Corporation Ltd (BPCL) and Microsoft have entered a strategic cloud partnership aimed at accelerating the firm's digital transformation and driving innovation in the oil and gas industry. According to a joint statement, the collaboration seeks to unlock the opportunities that Microsoft's cloud provides to address the unique challenges [...]

Mumbai, Apr 14 (PTI) India Pulses and Grains Association (IPGA) on Thursday announced the appointment of Bimal Kothari as the new chairman with immediate effect. Kothari takes over from Jitu Bheda, who was the IPGA chairman since 2018, the industry body said in a statement. “We have created a well-articulated outlook towards the industry while [...]

BANGALORE, India, April 14, 2022 /PRNewswire/ -- ITILITE, India's fastest growing SaaS-based travel and expense management platform, announced its $29 Million Series C fundraise led by Tiger Global and Dharana Capital along with participation from existing investor Matrix Partners India and Tenacity Ventures. Despite adverse market conditions, ITILITE has seen 5x growth since its Series [...]

New Delhi, Apr 13 (PTI) More WhatsApp users will now be able to make monetary transactions via UPI as the country's payment authorisation body on Wednesday approved an additional six crore users for the messaging platform."With this approval, WhatsApp will be able to expand the service to its 100 million (10 crore) users," the National [...]

New Delhi, Apr 13 (PTI) Two entities -- Linus and GW Crown -- on Wednesday offloaded shares of Mrs Bectors Food Specialities Ltd for an estimated Rs 284 crore through open market transactions. According to bulk deal data available with the National Stock Exchange, Linus sold 46.13 lakh shares of Mrs Bectors at an average [...]

New Delhi, Apr 13 (PTI) Axis Bank is committed to addressing the financial needs of the small and medium enterprises (SMEs) and will ensure their long-term sustainable growth, its MD and CEO said on Wednesday. The country's third largest private sector lender and India SME Forum felicitated as many as 100 businesses at an awards [...]

New Delhi, Apr 13 (PTI) MediSage, a platform for healthcare practitioners, on Wednesday said it has raised USD 7 million (over Rs 50 crore) in its first round of institutional funding led by Bessemer Venture Partners. The round also saw the participation from other healthcare investors, including Rahul Mukim, Director of Carlyle Group, TP Devarajan, [...]

Xiaomi global VP Manu Jain appears before ED in FEMA case New Delhi/Bengaluru, Apr 13 (PTI) Manu Kumar Jain, the global vice-president of Chinese mobile manufacturing company Xiaomi, on Wednesday appeared before the Enforcement Directorate in connection with alleged contravention of the foreign exchange law, officials said.The federal probe agency, according to sources, is investigating [...]

New Delhi, Apr 13 (PTI) Leading contract research and manufacturing firm Akums Drugs & Pharmaceuticals on Wednesday said it has acquired a manufacturing facility in Himachal Pradesh in order to ramp up its production capacity. The Delhi-based company has acquired the plant, which is one of the largest in the country, from Ankur Drugs and [...]

Chennai, Apr 13 (PTI) Air conditioning and commercial refrigeration major Blue Star Ltd has set up a new manufacturing facility at Wada in Maharashtra at a cost of Rs 130 crore doubling the production capacity of deep freezers, a top company official said on Wednesday. The facility to produce deep freezers and water coolers, was [...]

New Delhi, Apr 13 (PTI) Global hospitality chain Hyatt Hotels Corporation is expected to have up to 90 hotels in India in the next five years as it seeks to tap the country's potential of leisure and hospitality, according to the company's Group President Peter Fulton. The company, which on Wednesday opened its third Hyatt [...]

New Delhi, Apr 13 (PTI) Mufin Finance on Wednesday said it has acquired APM Finvest, a BSE-listed NBFC, for over Rs 76 crore in a bid to create India's first financing ecosystem for the fast-growing electric vehicles(EVs) market. This comes after Mufin Finance acquired Rupee Circle, a P2P (peer-to-peer) non-banking financial company, in June 2021. [...]

Chandigarh, Apr 13 (PTI) Fintech startup XPay.Life, which provides utility bill payment solutions, on Wednesday said it plans to offer UPI and other services to its users. "We are going to launch our UPI on June 10. In the future, we are also coming with small micro finance and loans etc.," Rohit Kumar, founder & [...]

New Delhi, Apr 13 (PTI) The Union Cabinet on Wednesday approved a policy for utilisation of non-minable land for development and setting up of infrastructure relating to coal and energy. The approved policy provides a clear policy framework for utilisation of lands that are no longer suitable or economically viable for coal mining activities; or [...]

Mumbai, Apr 13 (PTI) Public sector oil marketing company Bharat Petroleum on Wednesday said it will invest around Rs 200 crore this fiscal to set up 100 fast electric vehicles charging corridors having 2,000 stations along the busiest 100 national highways. The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway [...]

New Delhi, Apr 13 (PTI) Music and entertainment company Mirchi on Wednesday announced the launch of its operation in Dallas city of Texas in the US in partnership with FA Radio International LLC. Targeting the South Asian diaspora across markets, Mirchi has introduced its radio, digital, and live event solutions to the city, said a [...]

Chennai, Apr 13 (PTI) IT security startup Securden, Inc., focusing on governance and access security has received USD 10.5 million (about Rs 80 crore) in a Series A investment led by New York-based investment firm Tiger Global Management, the company said on Wednesday. The fundraising has seen participation from Together Fund and the existing investor [...]

Mumbai, Apr 13 (PTI) Public sector oil marketing company Bharat Petroleum on Wednesday said it will invest around Rs 200 crore this fiscal to set up 100 fast electric vehicles charging corridors having 2,000 stations along the busiest 100 national highways. The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway [...]

New Delhi, Apr 13 (PTI) Wires and cables brand RR Kabel on Wednesday said it has acquired Luminous Power's home electrical business (HEB) from French engineering company Schneider. This acquisition will further strengthen RR Kabel’s consumer electrical business, which has a portfolio of fans, lights and appliances, company's Managing Director Shreegopal Kabra said while sharing [...]

Mumbai, Apr 13 (PTI) Royal Dutch carrier KLM on Wednesday announced the resumption of its flight services on the Bengaluru–Amsterdam route from May 25. KLM had temporarily stopped operating its services to India after the Central government suspended all scheduled international flights from and to India, in late March 2020, in the wake of the [...]

New Delhi, Apr 13 (PTI) Zydus Lifesciences on Wednesday said it will supply Caffeine Citrate Oral Solution from its Gujarat-based manufacturing plant to Sagent Pharmaceuticals, Inc. The company will be manufacturing and supplying Caffeine Citrate Oral Solution in the strengths of 60 mg per 3 ml (20 mg per ml) single-dose vial from its injectables [...]

New Delhi, Apr 13 (PTI) Electrical goods major Havells India on Wednesday said its consumer durables brand, Lloyd, has roped in former Indian cricket captain Sourav Ganguly as its Brand Ambassador for Eastern Indian markets. Ganguly will endorse Lloyd range of consumer durables, through promotion, advertising and marketing as a part of the association, Havells [...]

Teamology has recently won the communications mandate for RD Accessories. As part of the mandate, the firm will be responsible for developing and executing unique public relation campaigns across all digital platforms and touch points in order to reach the proper target audience. Founded in the year 2002, RD Accessories is a premium brand that [...]

REHOVOT, Israel, 13 April, 2022/Medianet International-AsiaNet/-- - Milli SAT-EX Ka-band miniaturized terminal integrated with the R4 Integration, Inc. Multi-Purpose Hatch System (MPHS) Supports airborne communications-on-the-move requirements - Get SAT an innovator in lightweight satellite communication terminals for ground, airborne, and maritime applications, today announced that it has been awarded, in partnership with R4 Integration, the [...]

Ahmedabad, Gujarat, India – Business Wire India Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd. recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe’s impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) and a debt round from GAWA Capital’s advised debt vehicle (Magallanes [...]

New Delhi, Apr 12 (PTI) Tata Steel Mining Ltd (TSML) has acquired debt-laden Rohit Ferro-Tech Ltd for Rs 617.12 crore through an insolvency resolution process. As per the terms of the resolution plan, TSML has funded Rs 617.12 crore for paying the admitted Corporate Insolvency Resolution Process (CIRP) cost, employee dues, operational creditors and financial [...]

New Delhi, Apr 12 (PTI) Competition Commission has notified the revised confidentiality regime under the competition law, which will ensure that commercially sensitive information is protected from being disclosed to an unauthorised person.In a tweet on Tuesday, Competition Commission of India (CCI) said it has notified the revised confidentiality regime under Regulation 35 of the [...]

New Delhi, Apr 12 (PTI) Nykaa founder and CEO Falguni Nayar was on Tuesday named the EY Entrepreneur of the Year 2021.An investment banker turned entrepreneur, Nayar disrupted a brick-and-mortar industry by taking a digital route to sell beauty products in 2012.  Nykaa is one of the most profitable startups in the country, and over [...]

Mumbai, Apr 12 (PTI) NYSE-listed electric vehicle company Fisker Inc has set up its India headquarters in Hyderabad (Telangana) and it will focus on software and virtual vehicle development support functions. The California-based EV maker it said has already started recruitment of local talent and expects to create 200 potential jobs in India. The development comes [...]

New Delhi, Apr 12 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Tuesday said it has defaulted on payment of Rs 9.10 crore interest on non-convertible debentures.The payment was due on April 11.FEL has defaulted interest for the period between October 11, 2021, to April 10, 2022, a regulatory filing from the Future group firm said.The [...]

New Delhi, Apr 12 (PTI) The Supreme Court on Tuesday asked the low-cost airline SpiceJet to consider “giving some interest” to media baron Kalanithi Maran and his Kal Airways for settling the dispute relating to a share-transfer issue. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli has now [...]

New Delhi, Apr 12 (PTI) Tata Steel on Tuesday said that it has completed the acquisition of entire stake held by state-owned SAIL in S&T Mining. The acquisition is part of Tata Steel Group portfolio restructuring and simplification strategy. Tata Steel had recently said that it has executed a share purchase pact with Steel Authority [...]

New Delhi, Apr 12 (PTI) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against McDowell Holdings Ltd and appointed an interim resolution professional.The Bengaluru Bench of NCLT admitted the plea filed by Sun Star Hotels and Estate Pvt Ltd, a financial creditor of the erstwhile Vijay Mallya-promoted company, claiming a default of Rs [...]

Mumbai, Apr 12 (PTI) Domestic carrier Go First has appointed Girish Advani as its Chief Commercial Officer with immediate effect, a source said on Tuesday. Advani has moved to the airline from Wadia Group, where he was serving as Vice President for Corporate Affairs. He succeeded Praveen Iyer, who quit the company in September 2020 [...]

New Delhi, Apr 12 (PTI) Electric vehicles maker Jitendra New EV Tech Pvt Ltd on Tuesday said it is investigating the cause of its electric scooters catching fire while being transported in a container truck last week.The incident happened on April 9 near the company's factory gate at Nashik in Maharashtra."We are investigating the root [...]

Mumbai, Apr 12 (PTI) Fino Payments Bank on Tuesday announced that it will buy a minority stake in New Delhi-based fintech PaySprint for an undisclosed amount. The bank will be picking up to 12.19 per cent stake in the company which offers APIs (Application Programming Interfaces) in banking, payments, travel, lending, insurance and investments, as [...]

New Delhi, Apr 12 (PTI) The National Company Law Appellate Tribunal (NCLAT) has stayed the formation of the committee of creditors of real estate firm Ananda Divine Developers which is facing insolvency proceedings. Ananda Divine Developers is one of the companies of the Noida-based ATS group. Earlier on March 25, the Delhi bench of the [...]

New Delhi, Apr 12 (PTI) Greaves Electric Mobility Pvt Ltd on Tuesday said it has entered into a partnership with Mesha Energy Solutions Pvt Ltd to improve battery technology for its products across the portfolio. Through the partnership with Mesha Energy Solutions, which is a wholly-owned subsidiary of Mesha, Inc. based in the USA, the [...]

Chennai, Apr 12 (PTI) Greaves Electric Mobility, the e-mobility division of Greaves Cotton Ltd, has inked a pact with battery technology company Mesha Energy Solutions Pvt Ltd, the company said on Tuesday. With this association, the company aims to improve the battery technology for its products across the portfolio and expand its presence, Greaves Electric [...]

New Delhi, Apr 12 (PTI) Industry body COAI on Tuesday expressed deep disappointment over TRAI's recommendations on 5G and termed the spectrum pricing suggested by the regulator as "too high". Given the recent reforms for telecom sector announced by the government, these recommendations are "one step backwards than forward" towards building a digitally connected India, [...]

Mumbai, Apr 12 (PTI) Auto-tech company CarDekho Group on Tuesday said it has appointed Sharad Saxena as its CEO for the used car business.Saxena, who will report to CarDekho Group Founder-CEO Amit Jain, will oversee the pan-India used car business of the company, team development and work on strengthening the organisation's business offering through retail [...]

New Delhi, Apr 12 (PTI) Hero Electric on Tuesday said it has joined hands with EV charging platform ElectricPe to set up charging points across India for its customers. The collaboration entails Hero Electric riders to access ElectricPe’s charging network. The charging points would come up at residential complexes, offices, malls, and other establishments. The [...]

New Delhi, Apr 12 (PTI) Vaccine major Serum Institute of India (SII) has appealed to the government to reduce the gap between the second and booster dose to six months from nine months at present to safeguard people against emerging COVID variants, according to its CEO Adar Poonawalla. Recalling that they could not meet the [...]

Mumbai, Apr 12 (PTI) Research-based specialty chemicals manufacturer Dorf Ketal has entered into an agreement to acquire the business of Ahmedabad-based Khyati Chemicals. According to sources in the chemicals industry, the deal could be worth anywhere between Rs 300 to Rs 400 crore. The deal will help Dorf Ketal, with an annual revenue of Rs [...]

Mumbai, Apr 12 (PTI) redBus, a MakeMyTrip group company, on Tuesday announced the launch of redRail app and expects the segment to contribute 10-15 per cent in gross ticketing value of the company in 3-4 years. "The launch of standalone redRail app comes at an opportune time as there has been a steady increase in [...]

Mumbai, Apr 12 (PTI) At least 14 ads by mobile game operators broadcast during the first week of the ongoing IPL cricket tournament have been found to be violating the guidelines set by the advertising industry, self-regulatory watchdog ASCI said on Tuesday. The Advertising Standards Council of India (ASCI) said it screened 35 ads from [...]