Latest News on Corporate Actions

New Delhi, Mar 30 (PTI) Infrastructure investment trust PGInvIT has inked an agreement with HDFC Bank to secure a credit facility of Rs 700 crore for part financing the funding requirements for its acquisitions."This is to inform that pursuant to the approval of the Board of Directors of PowerGrid Unchahar Transmission Limited (PUTL), the Investment [...]

New Delhi, Mar 30 (PTI) Private sector lender Karnataka Bank on Wednesday said it has raised Rs 300 crore by issuing bonds on private placement basis. The committee of directors of board of the bank, at its meeting held on March 30, 2022, has approved the allotment of unsecured, subordinated, redeemable non-convertible, fully paid-up Basel [...]

Chennai, Mar 30 (PTI): Industrial technology company Trimble on Wednesday said it has set up its new research and development centre in the city --- the second largest facility outside the United States. The Centre at the Varalakshmi Information Technology Park, on the Old Mahabalipuram Road (popularly known as IT Corridor) is spread across three [...]

New Delhi, Mar 30 (PTI) Jammu and Kashmir Bank on Wednesday said it has raised Rs 360 crore by issuing bonds. The capital issuance committee of the board of directors, in its meeting held on March 30, 2022, approved the bond issue, the bank said in a regulatory filing. The committee considered and approved allotment [...]

New Delhi, Mar 30 (PTI) Servotech Power Systems has appointed Deepak Kumar as the vice president for its EV charger vertical. In this role, Kumar will lead the end-to-end supply chain and operations of the EV charger vertical, the company said in a statement on Wednesday. Kumar has an experience of two decades in the [...]

New Delhi, Mar 30 (PTI) Lok Sabha on Wednesday cleared a bill to amend the laws governing chartered accountants, cost accountants and company secretaries providing for revamping the disciplinary committees of the respective professional institutes. Once the amendments come into force, the presiding officer of the Institute of Chartered Accountants of India (ICAI) will be [...]

New Delhi, Mar 30 (PTI) Sterling and Wilson Solar on Wednesday said it has appointed Cherag Sarosh Balsara as an additional director and designated him as a non-executive and independent director of the company.His appointment is for a term of 5 years, commencing from March 29, 2022, to March 28, 2027, Sterling and Wilson Solar [...]

New Delhi, Mar 30 (PTI) Honda India Power Products on Wednesday announced its foray into the marine outboard business and aims to corner around 10 per cent market share in the 4-stroke engine segment in the first three years.From April, the company will introduce Honda 4-stroke marine outboard motors range for boat operators targeting various [...]

New Delhi, Mar 30 (PTI) Sun Pharmaceutical Industries on Wednesday said it has inked a licensing pact with H Lundbeck to market and distribute Vortioxetine in India under the brand name Vortidif.One of the wholly-owned subsidiaries of the company has signed licensing pact with Lundbeck for the anti-depressant medication approved to treat the major depressive [...]

New Delhi, Mar 30 (PTI) Fintech firm Pine Labs has raised USD 50 million (about Rs 380 crore) from London-headquartered international investment firm Vitruvian Partners.  Pine Labs CEO B Amrish Rau said the company aims to further strengthen its foray into online payments with Buy Now Pay Later offering to new markets through strategic collaborations.  [...]

New Delhi, Mar 30 (PTI) Private sector lender Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday. According to the sources, the deal, to be valued at USD 2.5 billion (about Rs 18,000 crore), will be subject to regulatory [...]

Thiruvananthapuram, Mar 30 (PTI) Automotive solutions company Acsia Technologies is all set to expand its facility with 85,000 square feet space at the Embassy Taurus TechZone in Technopark Phase-III here. The company, which develops software solutions for major automotive carmakers, said the new office will be able to accommodate more than 1,000 employees. Acsia Technologies, [...]

New Delhi, Mar 30 (PTI) Seeking to put in place a stricter regulatory framework for collective investment schemes, markets watchdog Sebi has decided to enhance the net worth criteria and track record requirements for entities managing such schemes.The regulator has also approved changes to listing obligations and disclosure requirement regulations for simplification of procedure for [...]

New Delhi, Mar 29 (PTI) India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook. AA-rated instruments are considered to have a high degree of safety regarding timely servicing of financial obligations. In a statement, the ratings agency said it has [...]

Mumbai, Mar 29 (PTI) Three-and-a-half years after the government asked banker Uday Kotak to head a new board to salvage the largest non-banking infra lender IL&FS that went belly up in October 2018, the management has announced the resolution of Rs 61,000 crore or 62 per cent of the Rs 99,355 crore the group with [...]

Mumbai, Mar 29 (PTI) Veteran banker Aditya Puri on Tuesday raised questions about Paytm's business model, saying the recently listed financial services company has earned customers not by rendering services but by way of cashbacks. Puri, who led HDFC Bank from inception and made it into the largest in the private sector space by the [...]

New Delhi, Mar 29 (PTI) Union Coal Minister Pralhad Joshi on Tuesday directed Coal India and its subsidiaries to scale up production on "priority" basis in a bid to ensure smooth supply of the dry fuel, especially during the upcoming monsoon season. He also said his ministry is giving utmost priority to coal gasification projects [...]

New Delhi, Mar 29 (PTI) Micro-blogging platform Twitter is testing an India-only cricket tab on Android, and it will be a single landing point to serve as a channel of discovery for all that is happening in cricket along with relevant, exclusive, and Twitter-first content, according to a release.The tab will bring together the best [...]

New Delhi, Mar 29 (PTI) Diageo-controlled United Spirits Ltd (USL) on Tuesday said it has extended the deadline to complete the "strategic review" of its select popular liquor brands till May 31, 2022. The company had earlier set the deadline of March 31, 2022 to complete the review process. "The strategic review of selected popular [...]

New Delhi, Mar 29 (PTI) Tata Consumer Products Ltd (TCPL) on Tuesday announced the merger of all businesses of Tata Coffee Ltd with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. While the plantation business of Tata Coffee Ltd (TCL) will be demerged into TCPL's [...]

New Delhi, Mar 29 (PTI) Private sector lender ICICI Bank on Tuesday said it has accepted to acquire 10 lakh equity shares in Open Network for Digital Commerce (ONDC) for Rs 10 crore.After the acquisition of shares, the bank will hold a 5.97 per cent stake in ONDC.The bank has on March 28, 2022, accepted [...]

New Delhi, Mar 29 (PTI) SBI will buyout the entire stake of over 13 per cent held by three other banking partners in SBI Global Factors Ltd (SBIGFL), the bank said on Tuesday.The other three banking partners are SIDBI, Bank of Maharashtra and Union Bank of India.The decision was taken in a meeting of the [...]

New Delhi, Mar 29 (PTI) InterGlobe Aviation, parent company of IndiGo airline, on Tuesday appointed Gaurav Negi as the Chief Financial Officer (CFO) in place of Jiten Chopra who has put in his resignation, a statement said. Prior to joining IndiGo, Negi spent 22 years with General Electric Company, where he was part of their [...]

New Delhi, Mar 29 (PTI) Private sector lender IDBI Bank on Tuesday said its board of directors has approved the rupee bond borrowing limit of Rs 8,000 crore for the next fiscal year beginning April 1.It will comprise additional tier I (AT-1) bonds up to Rs 3,000 crore and senior/infrastructure bonds up to Rs 1,000 [...]

New Delhi, Mar 29 (PTI) Agri-commodity bourse NCDEX and its Investor Protection Fund Trust (IPFT) on Tuesday launched a call centre to impart knowledge about agri-derivatives and related market infra services to farmers and FPOs. The initiative will help farmers and farmer producer organizations (FPOs) to access all types of information regarding the exchange functionalities, [...]

New Delhi, Mar 29 (PTI) Pep Technologies Pvt Ltd, which owns caffeine-infused D2C personal care brand mCaffeine, on Tuesday announced raising Rs 240 crore in Series C round of funding. The Series C round was led by Paragon Partners valuing the start-up at Rs 1,000 crore, Pep Technologies said in a statement. Besides, Singularity Growth [...]

New Del, March 29 (PTI) Union Labour Minister Bhupender Yadav has said that the Centre notified four labour codes in consonance with the norms set by the International Labour Organisation (ILO).Addressing the annual general meeting of the Federation of PTI employees unions on Monday as the chief guest, Yadav said the labour codes have been [...]

Redeemption Digital Technology Private Limited has soft-launched on 25th March’22 India’s first KYC-compliant crypto token – Redeemption. It’s a unique crypto token which users can as well earn investing time, instead of money. Also, it’s India’s first crypto token which users can redeem for fiat money, even before its listing on exchange. Redeemption is an [...]

Alembic Pharmaceuticals on Tuesday said it has fully acquired Aleor Dermaceuticals from its joint venture partner Orbicular, to strengthen its skin-related manufacturing and marketing footprint. The company has acquired remaining 40 per cent stake from Orbicular Pharmaceutical Technologies, to have 100 per cent holding in Aleor, which has presence across cream, gel, ointment, shampoo, lotion, [...]

New Delhi, Mar 29 (PTI) Boeing has developed a comprehensive 10-year roadmap for the Centre-run Airports Authority of India (AAI) to modernise its air traffic management, the US-based aerospace company said on Tuesday."The roadmap aims to drive operational excellence and offer enhanced air traffic capacity for our flying public, and improved navigation, communication and surveillance [...]

New Delhi, Mar 29 (PTI) Tata Steel has appointed Noel Naval Tata, a trustee on the boards of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, its additional director and designated him as the vice-chairman.A decision in this regard was taken by the board of the company at its meeting held on Monday, Tata [...]

New Delhi, Mar 29 (PTI) Edtech startup Classplus has bagged USD 70 million, about Rs 531 crore, in a funding round led by Alpha Wave Global and Tiger Global. As part of the series D funding round, Abu Dhabi-based Chimera Ventures has come in as a new investor while existing investor, RTP Global, has doubled [...]

Mumbai, Mar 29 (PTI) Private equity firm GEF Capital Partners - focused on climate investing - has raised nearly USD 200 million from British CDC Group, IFC and Dutch investment firm FMO, among others, to close its South Asia Growth fund II.The other investors include European Investment Bank, Proparco, Swedfund, the US Development Finance Corporation [...]

BANGALORE and KOLHAPUR, India , March 29, 2022 /PRNewswire/ -- Star Air, the aviation arm of Sanjay Ghodawat Group, won the prestigious award for Best Domestic Airline (RCS) by Wings India 2022. Launched in 2019, Star Air flew the Indian skies to connect travellers across various unconnected routes at affordable rates with utmost comfort and [...]

Guwahati, Mar 28 (PTI) The Assam government on Monday announced that it has acquired PSU Hindustan Paper Corp's (HPC) two defunct paper mills in the state for Rs 375 crore.Assam Industrial Development Corporation (AIDC) was declared as the successful bidder. On behalf of the Government of Assam, the AIDC has taken over the assets of [...]

New Delhi, Mar 28 (PTI) Chemicals firm SRF Ltd on Monday said its board has approved the appointment of Ashish Bharat Ram as Chairman and Managing Director with effect from April 1. In a regulatory filing, SRF said that the company had announced the appointment of Vellayan Subbiah as the Chairman of the board of [...]

New Delhi, Mar 28 (PTI) Sudarshan Chemical Industries Ltd on Monday said its board has approved a proposal to raise up to Rs 200 crore through issue of debentures. In a regulatory filing, the Pune-based company informed that the board has approved "fund raising by way of issue of Non-Convertible Debentures (NCD) aggregating up to [...]

New Delhi, Mar 28 (PTI) Aurobindo Pharma Ltd on Monday said it has acquired the domestic formulation business of Veritaz for a consideration of Rs 171 crore on debt-free cash-free basis. This acquisition vehicle will greatly help Aurobindo as a launch pad for marketing biosimilar and other products in India, the company said in a [...]

New Delhi, Mar 28 (PTI) Tata Power and Rustomjee Group have collaborated to set up electric vehicle charging infrastructure at the commercial and residential projects of the latter across Mumbai metropolitan region, a statement said on Monday. Tata Power, one of India’s largest electric vehicle charging solutions providers, has collaborated with real estate developer Rustomjee [...]

New Delhi, Mar 28 (PTI) Max Healthcare Institute Ltd (MHIL) on Monday said that stock exchanges NSE and BSE have approved re-classification of Analjit Singh, his family and a group firm, as public shareholders.Singh, his family and group company Max Ventures Investment Holdings Pvt Ltd were the promoters of erstwhile Max Healthcare, which was acquired [...]

New Delhi, Mar 28 (PTI) The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 10 lakh on eyewear maker Sure Vision India for a misleading advertisement, which claimed its products improve eyesight naturally and eliminate eye strain, and directed it to discontinue the commercial.The CCPA, which initiated action after it received a [...]

New Delhi, Mar 28 (PTI) Mobility firm Ola on Monday said it has appointed Georgina Owens as an independent non-executive director on the Ola UK board. Currently, Owens is Chief Technology Officer at Liberis Capital, a UK-based fintech company focused on business finance for SMEs, where she focuses on supporting the company's international growth and [...]

New Delhi, Mar 28 (PTI) The Japan Bank for International Cooperation (JBIC) has disbursed USD 1.5 billion to SBI to finance Maruti Suzuki's supply and value chain in the country, and it is ready to facilitate USD 500 million more, a key official of the Japan government's funding agency said. JBIC is a policy-based financial [...]

New Delhi, Mar 28 (PTI) UAE-based retail major Lulu group on Monday announced an investment of Rs 3,500 crore in Tamil Nadu to set up shopping malls, hypermarkets and a food-logistic park.A memorandum of understanding (MoU) to this effect was signed on Monday by Pooja Kulkarni, Managing Director and CEO of Tamil Nadu Industrial Guidance [...]

New Delhi, Mar 28 (PTI) Kalyan Jewellers India Ltd on Monday appointed former CAG Vinod Rai as its Chairman and independent non-executive director. The appointment will be subject to regulatory and shareholders' approvals, the company said in a stock exchange filing. T S Kalyanaraman will continue as Managing Director on the company's board. Vinod Rai [...]

• This first-ever 99% recycled PVC debit card–the digibank EaseMyTrip Green Debit Card - helps reduce carbon footprint and rewards cardholders for supporting sustainable businesses • digibank by DBS-EaseMyTrip co-branded international debit card provides exclusive benefits to customers on the EaseMyTrip website and mobile app such as 10% off up to INR 2000 on flight [...]

Mumbai, Mar 28 (PTI) Tata Capital on Monday announced a Rs 955 crore fundraise by a private equity arm for investing in healthcare companies.The Tata Capital Healthcare Fund II (TCHF II) achieved a final closure of its fund with investor commitments of Rs 955 crore or USD 126 million, a statement by Tata Capital said. [...]

New Delhi, Mar 28 (PTI) Ports-to-energy conglomerate Adani Group on Monday announced a multi-year partnership with Google Cloud, as the duo teamed up to modernise Adani's IT operations for future scale and group-wide innovation.The strategic collaboration will tap each organisation's expertise across infrastructure, technology, and industry solutions to modernise Adani Group's IT operations, the companies [...]

New Delhi, Mar 28 (PTI) Around 8,000 workers of Rashtriya Ispat Nigam Ltd (RINL) did not report for work on Monday, affecting production at the company's 7.5 million tonnes-steel plant in Visakhapatnam, Andhra Pradesh. There are around 11,000 non-executive workers at the plant and out of them, about 75 per cent did not come for [...]

TOYOTA and HAMAMATSU, Japan, Mar. 25, 2022 /Kyodo JBN-AsiaNet/ -- - Start Consideration of Development and Production of Flying Cars, and Market Development in India - SkyDrive Inc. (hereinafter "SkyDrive") and Suzuki Motor Corporation (hereinafter "Suzuki") jointly announced on March 22 a partnership for the commercialization of flying cars (*). SkyDrive is a leading manufacturer [...]

New Delhi, Mar 28 (PTI) Max Group founder and Chairman Analjit Singh has on Monday refuted the allegations made against him in a petition filed with the NCLT, terming it as "downright untruthful".Singh has said he will contest these allegations in the NCLT hearing."Apart from being downright untruthful, what is even more anguishing is the [...]

New Delhi, Mar 27 (PTI) Specialty chemicals and polymer products maker Vikas Ecotech Ltd (VEL) is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic, a top company official has said. Vikas Ecotech (VEL) is also scouting for [...]

New Delhi/Dubai, Mar 27 (PTI) Aster DM Healthcare on Sunday said it will invest Rs 500 crore to set up healthcare facilities in Tamil Nadu.Aster, which is one of the largest integrated healthcare providers in GCC and India, has signed a memorandum of understanding on March 26 with the Tamil Nadu government in this regard.The [...]

New Delhi, Mar 27 (PTI) The US-based unicorn SparkCognition on Sunday said its new acquisition of Bangalore-based visual AI startup Integration Wizards will allow it to expand into new markets like retail, mining, and construction. SparkCognition in a statement said Integration Wizards will also help expand further into its existing markets like energy, manufacturing, and [...]

Kolkata, Mar 26 (PTI) City-based steel maker Shakambhari Group on Saturday said it inaugurated a steel plant of Vikash Metal & Power Ltd that had closed down in 2013, in West Bengal's Purulia district.The group's subsidiary SPS Steels Rolling Mills had completed the process of acquisition and taken over control of Vikash Metal & Power [...]

New Delhi, Mar 26 (PTI) NDTV on Saturday said it will contest a showcause notice issued by the Income Tax Department seeking an explanation regarding bonds issued by an erstwhile subsidiary of the company for the assessment year 2008-09. It has been given time till March 29, 2022, for responding to the notice, said NDTV in [...]

New Delhi, Mar 26 (PTI) Manappuram Finance on Saturday said its board has approved a proposal to raise up to Rs 7,800 crore in the next financial year. "The board of directors at its meeting held on today has considered and approved fund raising programme of the company for FY 2022-23, which includes issuance of [...]

New Delhi, Mar 26 (PTI) To reduce the overall time taken for the completion of open and buyback offers, markets regulator Sebi has suggested changes in the timelines for procedural activities, including a lesser time period for tendering shares.The proposed changes would bring down the overall time taken for completion of open offers to 42 [...]

New Delhi, Mar 26 (PTI) Markets watchdog Sebi has proposed changes to the mechanism for determining open offer price with respect to disinvestment of public sector undertakings.Issuing a consultation paper on review of the determination of offer price in case of disinvestment of public sector undertakings (PSUs), the regulator said the move is aimed at [...]

New Delhi, Mar 25 (PTI) Real estate developer Supertech Ltd on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on more than 10,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank [...]

New Delhi, Mar 25 (PTI) Home grown FMCG major Emami on Friday said it has acquired the 'Dermicool' brand from the British multinational consumer goods company Reckitt for a total consideration of Rs 432 crore, expanding its play into the prickly heat and cool talc category.The acquisition, post the consolidation of Dermicool with Emami's own [...]

New Delhi, Mar 25 (PTI) Gas industry expert Sanjay Kumar on Friday took over as the new managing director of Indraprastha Gas Ltd - India's largest CNG distribution company. "Kumar, a Mechanical Engineer from IIT Kharagpur and an MBA, brings to IGL a rich domain experience of over 34 years in the gas sector during [...]

Hyderabad, Mar 25 (PTI) SpiceJet, Boeing and CSIR-Indian Institute of Petroleum (IIP) on Friday announced that they are working together to explore opportunities for the use of sustainable aviation fuel (SAF) in the Indian aviation industry. The coordination is part of their commitment to help reduce carbon emissions to achieve environmental goals, a press release [...]

Hyderabad, Mar 25 (PTI) Aircraft-maker Airbus on Friday said it has signed a memorandum of understanding (MoU) with Airlift Global, a company backed by UK-based AUM Capital, to develop helicopter emergency medical service (HEMS) and associated air medical service in India. The MoU was signed at the ongoing Wings India 2022 here by Sunny Guglani, [...]

Chennai, Mar 25 (PTI) Noted jewellery retailer Kalyan Jewellers on Friday strengthened its retail footprint with a new outlet inaugurated in neighbouring Chengalpet district, the company said on Friday. The retail store is the jewellers' 25th outlet in Tamil Nadu, 124th in the country and 154th store globally. "...we are delighted to announce the launch [...]

Kolkata, Mar 25 (PTI) India's largest private port operator Adani Ports and SEZ (APSEZ) Ltd has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group, a source said on Friday.APSEZ and Sajjan Jindal-led JSW Group were the only two entities that [...]

New Delhi, Mar 25 (PTI) Over 13 lakh cases pertaining to the refund of deposits for the surrendered landline connections are pending with Bharat Sanchar Nigam Ltd (BSNL) as on January 2022, and 1.4 lakh such cases are due with Mahanagar Telephone Nigam Ltd (MTNL), the Parliament was informed on Friday.Main reasons for the pendency [...]

Mumbai, Mar 25 (PTI) British carrier Virgin Atlantic on Friday said it will operate a second daily service between Delhi and London starting from June 1. The flight will be operated from Heathrow airport to Indira Gandhi International Airport in the national capital. The airline has also announced some changes in the departure timings of [...]

New Delhi, Mar 25 (PTI) Agro chemicals firm Dhanuka Agritech has signed an agreement with the Sri Karan Narendra Agriculture University, Jobner in Jaipur to conduct trials for new technologies and train farmers how to use drones. Dhanuka and the Sri Karan Narendra Agriculture University, Jobner, Jaipur will jointly work on trials and verification of [...]

New Delhi, Mar 25 (PTI) Shares of Future Enterprises Ltd on Friday declined nearly 5 per cent after the company said it has defaulted on payment of Rs 93.99 crore to Punjab National Bank and Canara Bank under the one-time restructuring plan. The stock tanked 4.98 per cent to settle at Rs 6.68 apiece on [...]

New Delhi, Mar 25 (PTI) The National Company Law Tribunal (NCLT) on Friday initiated insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group.This is the second major setback for Noida-based developer in the last one year.On August 31 last year, the Supreme Court had ordered the demolition of Supertech [...]

New Delhi, Mar 25 (PTI) B2B e-commerce company Indiamart Intermesh on Friday said it plans to acquire 51 per cent stake in software-as-a-service firm Livekeeping for Rs 45.98 crore in an all-cash deal. The acquisition is in line with Indiamart's long-term objective of offering various software as a service based solutions for businesses, it said. [...]

New Delhi, Mar 25 (PTI) Aavas Financiers on Friday said it has raised Rs 100 crore by issuing bonds to Kotak Mahindra Bank. The executive committee of the board of directors of the company passed a resolution on March 25, 2022 and approved allotment of 1,000 rated, senior, secured, redeemable non-convertible debentures (NCDs) aggregating up [...]

New Delhi, Mar 25 (PTI) Small Industries Development Bank of India (SIDBI) on Friday said it has acquired 7.84 per cent stake in open public digital infrastructure platform, ONDC, for Rs 10 crore. "SIDBI, the apex Financial Institution for financing and development of MSMEs in the country, has acquired 7.84 per cent stake in the [...]

New Delhi, Mar 25 (PTI) Toyota's luxury car arm Lexus on Friday said it has launched a buyback programme in India, starting with the ES300h premium sedan, to mark the company's five years in the country.The automaker has also initiated a loyalty programme for its customers under the 'Lexus Life' umbrella.The buyback programme for ES [...]

New Delhi, Mar 25 (PTI) Torrent Power on Friday announced the completion of the acquisition of 50 MW solar power plant from Lightsource bp and UKCI for an enterprise value of Rs 300 crore. "Torrent Power Limited has, pursuant to Securities Purchase Agreement with Lightsource India Ltd and Lightsource Renewable Energy (India) Ltd, completed transaction [...]

Mumbai, Mar 25 (PTI) Finland's flag carrier Finnair on Friday said it will connect Helsinki with India's financial capital Mumbai with a direct flight, starting July this year. Mumbai will be the airline's second destination in India after Delhi, where it has been flying since 2006. The to-be launched flight on Mumbai-Helsinki and vice versa [...]

New Delhi, Mar 25 (PTI) Edelweiss Housing Finance Limited (EHFL) on Friday said it has partnered with the country's largest lender SBI for co-lending towards priority sector home loans to self-employed entrepreneurs and salaried customers.A subsidiary of Edelweiss Financial Services, EHFL said this alliance will leverage the combined reach of both the partners in tier [...]

Ritesh Kumar Talreja will lead Corporate Development, Debt Raising and M&A Bangalore, Karnataka, India (NewsVoir) ReshaMandi, India's first and largest digital ecosystem for natural fibre supply chain, starting from farm-to-fashion has appointed Ritesh Kumar Talreja as the Chief Financial Officer effective 21st March 2022. In his new role, Ritesh will lead the company’s finance function [...]

New Delhi, Mar 24 (PTI) Public sector lender Punjab National Bank on Thursday said it has acquired nearly 6 per cent stake in public digital e-commerce platform ONDC for Rs 10 crore. Open Network for Digital Commerce (ONDC) is an initiative of the Ministry of Commerce and Industry to promote open networks for all aspects [...]

New Delhi, Mar 24 (PTI) D2C ayurvedic brand The Ayurveda Company on Thursday announced raising USD 3 million (Rs 22.89 crore) from a host of investors, including Wipro Consumer Care Ventures. Rahul Gupta of Tricity Technologies and Harsh Gupta of School of Design & Entrepreneurship also participated in the funding round. "This will accelerate the [...]

New Delhi, Mar 24 (PTI) Buoyed by the government's PLI scheme, exports of mobile phones from India are expected to cross Rs 43,500 crore during the current financial year ending March 31, 2022, according to the industry body India Cellular and Electronics Association. ICEA said exports of mobile phones from India have already jumped about [...]

Hyderabad, Mar 24 (PTI): Civil Aviation Minister Jyotiraditya Scindia will on Friday address the ongoing 'Wings India 2022'--Asia’s largest event on civil aviation here. The four-day event with the theme "India@75: New Horizon for Aviation Industry" kicked off today at Begumpet Airport here and will conclude on March 27. Minister of State for Civil Aviation [...]

New Delhi, Mar 24 (PTI) Ascendas India Trust (a-iTrust) on Thursday said it will buy 0.33 million square feet warehouse project in Navi Mumbai for Rs 215 crore. Ascendas Property Fund Trustee Pte Ltd, the trustee manager of a-iTrust said in a statement it has entered into definitive agreements for the proposed acquisition of all [...]