Latest News on Corporate Actions

New Delhi, Mar 20 (PTI) Bharat Sanchar Nigam expects over Rs 17,000 crore revenue from services in FY22, a tad lower than the previous fiscal, mainly due to the removal of call connect charges that used to bring in additional inflows, according to its Chairman and Managing Director PK Purwar.Purwar asserted that the state-owned telecom [...]

New Delhi, Mar 20 (PTI) The government has extended the timeline up to ten years for startups to convert debt investments made in the company into equity shares, a decision which is likely to give a relief to budding entrepreneurs to deal with the impact of Covid-19 pandemic, according to a press note of the [...]

New Delhi, Mar 20 (PTI) Having established its presence in the country, luxury carmaker Lexus is now looking to chart its next phase of growth in India as it looks to consolidate sales network and drive in new models, including fully electric cars in the country, according to a top company official. The company, which [...]

New Delhi, Mar 19 (PTI) NMDC on Saturday said it has signed a pact with IIT-Kharagpur for exploration of minerals using drones. The MoU for 'drone-based mineral exploration' was signed virtually by the senior officials of NMDC and professors of IIT Kharagpur, the miner said in a statement. NMDC, under the Ministry of Steel, is [...]

New Delhi, Mar 19 (PTI) Listed companies of the Kishore Biyani-led Future group on Saturday informed exchanges about meetings of their respective shareholders and creditors being convened on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail. Listed entities, including Future Enterprises Ltd, Future Retail Ltd, Future Consumer [...]

New Delhi, Mar 19 (PTI) Dodla Dairy Ltd on Saturday said it has acquired Karnataka-based Sri Krishna Milks Pvt Ltd for Rs 50 crore to expand its business.In a regulatory filing, Dodla Dairy informed that the company has executed an agreement with Sri Krishna Milks Pvt Ltd for the acquisition of business as a "going [...]

Tokyo, Mar 19 (PTI) Japanese Prime Minister Fumio Kishida is expected to announce a plan to invest 5 trillion yen (USD 42 billion) in India over the next five years during his visit to the country on Saturday, according to a media report.The 5 trillion yen goal exceeds the 3.5 trillion yen in investment and [...]

New Delhi, Mar 17 (PTI) Biolexis, a division of Stelis Biopharma, and Akston Biosciences have inked a licensing, manufacturing and commercialisation agreement regarding a COVID-19 vaccine. In a joint statement, the two companies said they will collaborate for the production and sales of Akston’s AKS-452, a protein subunit COVID-19 vaccine. Under the agreement, Biolexis gained [...]

New Delhi, Mar 17 (PTI) IT major TCS has bagged a multi-year contract from Western Power, an Australian government entity, for digital transformation of its software system for delivery of cleaner and resilient energy supply to western Australia, the company said on Thursday. It did not provide any financial details about the deal.Under the multi-year [...]

New Delhi, Mar 17 (PTI) KKR-sponsored Virescent Renewable Energy Trust (VRET) on Thursday said it has complete acquisition of 100 per cent stake in Godawari Green Energy Ltd (GGEL). "We are pleased to announce the acquisition of a 50-MW (megawatt) operating asset from Godawari Power and Ispat," the company said in a statement. GGEL operates [...]

New Delhi, Mar 17 (PTI) HDFC on Thursday said it will acquire 7.2 per cent stake in proptech start-up Loyalie IT Solutions Pvt Ltd for Rs 1.1 crore. Founded by Akhil Sharaf in 2018, Loyalie, which has recently been renamed as Reloy, has been working closely with top builders to create the perfect home owning [...]

New Delhi, Mar 17 (PTI) Indraprastha Gas Ltd, India's largest CNG retailer, has tied up with Pune-based electric vehicle manufacturer Kinetic Green to launch 'Energy Cafe' - a battery-swapping station that will replace discharged batteries of two and three-wheeler EVs with a fully charged one. "Under the alliance, IGL and Kinetic will roll out a [...]

New Delhi, Mar 17 (PTI) Bharat Petroleum Corporation Ltd (BPCL) on Thursday launched a voice-based digital payment facility for its cooking gas (LPG) consumers, who do not have smartphones or internet.BPCL said it has partnered UltraCash Technologies Pvt Ltd to offer a voice-based digital payment facility that allows its BharatGas consumers, who do not have [...]

New Delhi, Mar 17 (PTI) French electronics brand Thomson, which operates in India through its brand licensee Super Plastronics Pvt Ltd (SPPL), on Thursday said it is set to foray into the residential air condition segment this month.The company, which is expanding its presence into the home appliance category, will introduce a range of its [...]

Mumbai, Maharashtra, India (NewsVoir) • BPCL launches UPI 123PAY to enable cylinder bookings for non-internet users • Around 4 crore consumers of BharatGas in rural markets to benefit from this service • BPCL is the first company to enable voice-based payment for non-smart phone users Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune [...]

New Delhi, Mar 17 (PTI) Bharat Serums and Vaccines on Thursday said it has acquired a 26 per cent stake in AMP Energy C&I One to support green energy requirements for its manufacturing facility at Ambernath in Maharashtra.Aimed at driving a comprehensive sustainability blueprint for the future, this investment will help BSV avoid carbon dioxide [...]

Bokaro, Mar 17 (PTI) A contractual worker died at the Bokaro plant of Dalmia Cement in Jharkhand, leading to protests.The protesting workers at the plant in Balidih police station area alleged that he was beaten to death at the workers' camp by officials of the contractor firm.However, Dalmia Cement said the worker died due to [...]

New Delhi, Mar 16 (PTI) Adani Power on Wednesday said it has completed the acquisition of Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh. The cost of acquisition of Essar Power M P Ltd, which is undergoing insolvency resolution, is over Rs 4,250 crore, including estimated cost of compliance with environmental and [...]

New Delhi, Mar 16 (PTI) US e-commerce major Amazon Wednesday apprehended the “disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL’s merger deal with Reliance Retail. A bench comprising Chief Justice N V Ramana and Justices [...]

Jammu, Mar 16 (PTI) The University of Jammu on Wednesday signed a pact with a Delhi-based firm Sedulity Solutions and Technologies for setting up a centre of excellence Lab for cybersecurity and cyber forensics solutions, an official said. The memorandum of understanding (MoU) for setting up the Lab at the PG Department of Computer Science [...]

Mumbai, Mar 16 (PTI) Israel-based technology start-up Coralogix is launching a cybersecurity unit Snowbit in Delhi-NCR and will invest USD 10 million in the first phase of operations. Snowbit, which is a SaaS-based cybersecurity unit that enables cloud-native companies across domains to comprehensively monitor and address cybersecurity risks, has already hired 15 persons and will [...]

New Delhi, Mar 16 (PTI) Bharat Biotech on Wednesday said it has entered into a partnership with Biofabri, a Spanish biopharmaceutical firm, for the development, manufacturing and marketing of a new tuberculosis vaccine. This partnership will guarantee the supply of tuberculosis (TB) vaccines in more than 70 countries, especially in Southeast Asia and sub-Saharan Africa, [...]

Itanagar, Mar 16 (PTI) The Arunachal Pradesh government has terminated 44 agreements with private power developers as they were "not inclined to execute" projects, Deputy Chief Minister Chowna Mein informed the assembly on Wednesday. During a zero-hour discussion initiated by NPP member Tarn Dakpe, Mein said the terminated projects were offered to central public sector [...]

New Delhi, Mar 16 (PTI) The Banks Board Bureau (BBB) on Wednesday recommended the name of Alok Kumar Choudhary for the post of managing director of State Bank of India. The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar Saha for MD position of Union [...]

New Delhi, Mar 16 (PTI) Logically, a technology company using advanced Artificial Intelligence to tackle misinformation, on Wednesday announced the completion of USD 24 million (about Rs 182 crore) funding round, led by Vitruvian Partners.The funding round also saw investments from Amazon Alexa Fund, and existing seed investors XTX Ventures and Northern Powerhouse Investment Fund [...]

New Delhi, Mar 16 (PTI) JSW Energy on Wednesday said JSW Renew Energy (Kar) Ltd, JSW Renewable Energy (Dolvi) Ltd, JSW Energy (Kutehr) Ltd and JSW Hydro Energy Ltd have become wholly-owned subsidiaries of JSW Neo Energy Ltd (JSWNEL). To streamline the renewable portfolio and set up a holding structure to unlock and enhance the [...]

New Delhi, Mar 16 (PTI) Capital markets regulator Sebi on Wednesday imposed penalties totalling Rs 30 lakh on six entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In six separate orders, the regulator levied a fine of Rs 5 lakh each on Sumita Mandal, Sumit Agarwal, Sumeet Bhatia and [...]

New Delhi, Mar 16 (PTI) The Supreme Court Wednesday asked the Future group to file its reply to an interim plea of US e-commerce major Amazon seeking resumption of arbitration over Future Retail's merger deal with Reliance Retail and a direction to ensure the preservation of FRL’s assets. A bench comprising Chief Justice N V [...]

New Delhi, Mar 16 (PTI) Future Retail Ltd (FRL) on Wednesday said it is "committed" to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore Biyani-led firm also said the action of the Reliance Group has come as a [...]

- Founded by Vivek Yadav & Vishnu Pathak, the community & content monetization platform has grown rapidly to a strong user base of 50K, with a 25% paid cohort - Cosmofeed is set to ramp up its product offering and focus on sustainable growth with new hires for Product, Engineering & Customer Success MUMBAI, India, [...]

Mumbai, Maharashtra, India (NewsVoir) • Indian startups can compete in global market with Israel’s Deep Tech; say experts at 1st India Israel Deep Tech Summit by CII and Onnivation Leading technologists, investors and CXOs, at the 1st India Israel Deep Tech Summit echoed the significance of Deep Tech in optimising technology to drive innovation among [...]

Chennai, Mar 16 (PTI) Co-founder and joint managing director of Bharat Biotech International Ltd Suchitra K Ella has been elected as chairperson of Confederation of Indian Industry (CII)-southern region for the year 2022-23. Volvo Group India president and managing director Kamal Bali is the deputy chairman, a press release from CII said on Wednesday. Prior [...]

New Delhi, Mar 16 (PTI) The Supreme Court on Wednesday dismissed the plea for interim bail of former Fortis Healthcare promoter Shivinder Mohan Singh who along with others is accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd (RFL) funds. Singh had sought interim bail for a short period on “humanitarian grounds” for helping [...]

New Delhi, Mar 16 (PTI) Health-tech platform Curelink on Wednesday said it has raised USD 3.5 million (about Rs 26 crore) in a seed funding round led by Elevation Capital and Venture Highway. The round also saw participation from Digital Sparrow Capital and angel investors such as Paytm Chairman Vijay Shekhar Sharma; Ankush Sachdeva and [...]

BENGALURU, India, March 16, 2022 /PRNewswire/ -- Cashfree Payments, a leading payments and API banking solutions company, today announced the launch of an industry report titled 'Supporting digital payments adoption via the promise of softPoS' created in partnership with The Digital Fifth, India's first Fintech consulting and advisory firm. The report highlights the importance of [...]

New Delhi, Mar 16 (PTI) Reliance Jio Infocomm has conveyed its decision not to pursue its project to intsall telecom towers inside Gir and Girnar wildlife sanctuaries, Parliament was informed on Wednesday. As informed by the Gujarat government, Reliance Jio Infocomm had submitted proposals for construction of 41 mobile towers in the Gir and Girnar [...]

New Delhi, Mar 16 (PTI) FMCG makers, earning higher profits on their products, should consider increasing the margins for small retailers selling their goods, said METRO Cash & Carry India MD & CEO Arvind Mediratta. The margins for the retailers have not changed for the past several years and the FMCG companies still call the [...]

New Delhi, Mar 16 (PTI) Piramal Capital & Housing Finance Ltd (PCHFL) has partnered with India Mortgage Guarantee Corporation to offer home loans ranging from Rs 5-75 lakh to salaried and non-salaried customers. Under this arrangement, India Mortgage Guarantee Corporation (IMGC) will provide guarantee on a part of the loan so that it is secured [...]

New Delhi, Mar 16 (PTI) Mumbai-based startup Spice Story on Wednesday said it has raised funds from Agility Ventures, Maxar.vc, Nafa capital and select FMCG industry leaders. The company did not divulge the quantum of funds raised, but said that the capital will largely be used to bolster the distribution network and build scale on [...]

New Delhi, Mar 16 (PTI) State-owned non-banking finance firm REC has partnered with Energy Policy Institute at the University of Chicago (India) to improve the performance of power distribution utilities."The Energy Policy Institute at the University of Chicago (EPIC India) has signed a Memorandum of Understanding (MoU) with REC Limited, a public infrastructure finance company, [...]

New Delhi, Mar 16 (PTI) Torrent Power has inked agreements to acquire 51 per cent equity of Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Ltd."Torrent Power Limited has entered into a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) with Administrator of the Union Territory of Dadra and Nagar Haveli and [...]

New Delhi, Mar 16 (PTI) Unichem Laboratories on Wednesday said it has received approval from the US health regulator to market its generic version of Nebivolol tablets indicated for the treatment of hypertension. The approval by the US Food and Drug Administration (USFDA) for the abbreviated new drug application (ANDA) of Nebivolol tablets is for [...]

New Delhi, Mar 16 (PTI) Hatsun Agro Product Ltd Chairman and Managing Director Chandramogan R G has bought company's shares worth nearly Rs 25 crore through an open market transaction. According to the block deal data on NSE, he purchased 2.08 lakh shares at an average price of Rs 1,194 apiece. This took the total [...]

New Delhi, Mar 15 (PTI) Korean electronics major Samsung will re-enter the laptop segment in India this month and aims to capture double-digit market share by the year-end, a senior company official said on Tuesday. Samsung India General Manager and head of new computing business Sandeep Poswal said there is demand in the market, which [...]

New Delhi, Mar 15 (PTI) Softbank managing partner Munish Ravinder Varma has resigned from the board of the digital financial services company One97 Communications, which operates under the Paytm brand, and PB Fintech, according to regulatory filings by both companies on Tuesday. Softbank Vision Funds India Holdings (Cayman) holds a 17.47 per cent stake in [...]

New Delhi, Mar 15 (PTI) The Rs 604.76-crore open offer by the Burman group through various entities to acquire an additional 26 per cent in batteries and flashlights maker Eveready Industries India Ltd is slated to open on April 26, 2022, according to a regulatory filing by the company. In a draft letter of offer [...]

New Delhi, Mar 15 (PTI) Electric mobility solutions start-up Bounce Infinity on Tuesday said it has partnered with Greaves Retail to provide battery swapping stations for Greaves electric vehicles. The company has identified Bengaluru as the pilot city for the project with Greaves Retail, which is the retail business division of Greaves Cotton, Bounce Infinity [...]

New Delhi, Mar 15 (PTI) Hatsun Agro Product Ltd's Chairman and Managing Director Chandramogan R G on Tuesday bought company's shares worth nearly Rs 25 crore through an open market transaction. According to the block deal data on NSE, he purchased 2.08 lakh shares at an average price of Rs 1,194 apiece. This took the [...]

New Delhi, Mar 15 (PTI) Mobile broadband users in India more than doubled to 765 million and 4G data traffic grew 6.5 times in the last five years, according to a Nokia report released on Tuesday. The 4G service contributed 99 per cent to the country's total data consumption and is expected to continue as [...]

New Delhi, Mar 15 (PTI) MSME fintech Kinara Capital on Tuesday said it plans to disburse loans worth Rs 200 crore to women-owned businesses in the next financial year. Kinara Capital is advancing women entrepreneurship with a commitment to disburse Rs 200 crore via its HerVikas women business loans programme in the coming fiscal year [...]

New Delhi, Mar 15 (PTI) Future Retail Ltd's director Rahul Garg has resigned from the board, a regulatory filing by the debt-ridden company said on Tuesday. "Rahul Garg, Non-Executive Director has resigned from the Board of Directors and other Committees of the Board with effect from 14th March, 2022," said Future group firm. The Company [...]

New Delhi, Mar 15 (PTI) Fair trade regulator CCI on Tuesday gave its go ahead to Generali Participations Netherlands N.V. to increase its stake in Future Generali India Insurance Company Ltd to around 74 per cent. Generali Participations Netherlands (GPN) is an existing shareholder of Future Generali India. GPN proposes to acquire nearly 25 per [...]

New Delhi, Mar 15 (PTI) Leading South Korean consumer electronics and smartphone maker Samsung on Tuesday said it will invest Rs 1,588 crore in India to set up a new compressor manufacturing plant at its existing facility at Sriperumbudur in Tamil Nadu. The new facility will spread over 22 acres and have a capacity to [...]

New Delhi, Mar 15 (PTI) JK Tyre & Industries Ltd on Tuesday said it has appointed IIT-Madras professor R Krishna Kumar as technology advisor to the company's Chairman and Managing Director Raghupati Singhania and Managing Director Anshuman Singhania. Kumar, a renowned expert in vehicle dynamics and tyre technology, was also instrumental in setting up the [...]

New Delhi, Mar 15 (PTI) The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC. "Government has respectively received about Rs 575 crore and Rs 2038 crore from Nuclear Power Corporation of India Ltd and Coal India Ltd as dividend tranches," [...]

New Delhi, Mar 15 (PTI) Bajaj Auto Ltd on Tuesday said it has appointed Dinesh Thapar as its chief financial officer. Thapar joins Bajaj Auto from Reliance Retail where he was group chief financial officer for the past three years, the company said in a statement. Previously, for two decades, he was with Hindustan Unilever [...]

New Delhi, Mar 15 (PTI) The Goa Mining People's Front (GMPF), which represents the cause of lakhs of people employed in the mining sector, on Tuesday said it has appealed to the central government to facilitate the immediate resumption of mining in Goa. This comes at a time when the mining ban in Goa has [...]

Mumbai, Mar 15 (PTI) Omnichannel jewellery retailer Bluestone has raised over USD 30 million (about Rs 228 crore) in a funding round led by Sunil Kant Munjal, chairman of Hero Enterprise, at a valuation of USD 410 million.Bluestone -- backed by marquee investors, including Ratan Tata, Accel, Kalaari, Iron Pillar, IvyCap and Saama Capital -- [...]

New Delhi, Mar 15 (PTI) Drone delivery logistics firm Skye Air Mobility on Tuesday said it plans to ramp up its fleet size to about 120 drones in 12-15 months from the current four as it chases growth opportunities in key areas such as healthcare and diagnostics. Ankit Kumar, CEO of Skye Air Mobility, said [...]

Mumbai, Mar 15 (PTI) The National Bank for Financing Infrastructure and Development (NaBFID) will begin its operations from the first quarter of the next financial year, its chairman K V Kamath said on Tuesday. NaBFID was set up by the government last year as a development financial institution (DFI) to support the development of long-term infrastructure financing [...]

Vedica also launches first-of-its-kind glass bottles to provide a premium dining experience in the country with its pristine Himalayan Spring Water. National, 15th March, 2022: Bisleri International Pvt. Ltd. launched Vedica, its natural mountain water in 2010. Vedica has now announced the appointment of actor Mr. Dino Morea as their brand ambassador. With the announcement, [...]

Mumbai, Mar 15  (PTI) Upscalio, an e-commerce buy-and-build start-up, has raised USD 15 million in pre-Series-B funding round, led by Gulf Islamic Investments with participation from a consortium of lenders including Northern Arc and Unity Bank. The latest round comes shortly after its Series-A round, wherein it had mopped up USD 42.5 million last August, [...]

Rebrands Indian Entity to Global brand to drive further growth in the Indian market MUMBAI, India, March 15, 2022 /PRNewswire/ -- Gallagher, a global insurance brokerage, risk management and consulting services firm, today announced the rebranding of its India business to the Gallagher global brand. The complete integration and rebranding will be in effect from [...]

New Delhi, Mar 15 (PTI) Unicorn startup Licious, which sells meat products and seafood, on Tuesday said it has raised USD 150 million (about Rs 1,140 crore) in funding led by Singapore-based Amansa Capital for business growth.Other major investors in the Series F2 funding round include Kotak PE and Axis Growth Avenues AIF - I.  Existing investors [...]

New Delhi, Mar 15 (PTI) Realty firm Godrej Properties Ltd on Tuesday said it has bought about 50 acres of land parcel at Sonipat in Haryana for plotted development as part of its plan to expand business across major cities. The Mumbai-based firm did not disclose the deal value as well as the name of [...]

New Delhi, Mar 14 (PTI) The Reserve Bank of India in its letter to Paytm Payments Bank has not mentioned anything about data access but has asked the company to carry out an audit from a third party, a top official of the company said on Monday. Vijay Shekhar Sharma, the chairman of digital financial [...]

New Delhi, Mar 14 (PTI) Markets regulator Sebi on Monday imposed Rs 7 lakh fine on Jaypee Infratech Ltd for disclosure lapses. The company did not make disclosures with regard to series of non-convertible debt (NCD) securities issued and listed by it, as required under market norms, a Sebi order said. Besides, it failed to [...]

New Delhi, Mar 14 (PTI) IT company Persistent Systems on Monday said it will acquire New Jersey-based cloud technology firm MediaAgility for USD 71.71 million (about Rs 548 crore) in an all-cash deal. The company will make an upfront payment of USD 53.25 million to shareholders of MediaAgility. Besides this, shareholders of MediaAgility will be [...]

New Delhi, Mar 14 (PTI) Manufacturer of lithium-ion battery packs for electric vehicles, Battrixx on Monday said it has fully acquired Pune-based Varos Technology Pvt Ltd for an undisclosed sum. Varos is a technology product and service provider in the field of IoT, including tools for electric vehicle (EV) infrastructure and battery management systems. Battrixx [...]

New Delhi, Mar 14 (PTI) Strides Pharma Science Ltd on Monday said its promoters have revised downwards their intent to subscribe equity warrants to 20 lakh from an earlier overall commitment to subscribe 40 lakh warrants. In a regulatory filing, the company said its board of directors have approved the revised proposal of the promoters [...]

New Delhi, Mar 14 (PTI) Bank of Baroda and BNP Paribas Asset Management on Monday said they have entered into a strategic partnership by combining the strengths of their respective asset management businesses to form 'Baroda BNP Paribas Mutual Fund'. Suresh Soni has been appointed as the CEO of the merged entity. Bank of Baroda [...]

New Delhi, Mar 14 (PTI) Kotak Mahindra Bank has been hit by the highest number of frauds at 642, involving Rs 1 lakh and above, in first nine months of 2021-22, Parliament was informed on Monday. It was followed by ICICI Bank and IndusInd Bank at 518 and 377, respectively. Directions issued by the Reserve [...]

New Delhi, Mar 14 (PTI) Former finance secretary Debasish Panda on Monday took charge as the new chairman of the Insurance Regulatory and Development Authority of India (Irdai). The appointment of the Irdai chairman comes nearly nine months after the vacancy was created following Subhash Chandra Khuntia completing his term in May last year. "Debasish [...]

Bengaluru, Mar 14 (PTI) An Artificial Intelligence and Robotics Technology Park (ARTPARK) with a seed money of Rs 230 crore was launched on Monday at the Indian Institute of Science, Bengaluru. Of the Rs 230 crore, Rs 170 crore would be borne by the Central government and the rest by the Karnataka government, an official [...]

New Delhi, Mar 14 (PTI) Healthcare firm Niramai Health Analytix on Monday said it has received approval from the US health regulator for its device SMILE-100 System. The product is a breast thermography device that helps healthcare personnel to review, measure and analyse thermally significant indications in the breast region. It can be used in [...]

Aims to expand the team to support CRM requirements of the growing D2C segment ahead of 5G rollout Delhi, India – Business Wire India Xeno, the commerce marketing automation engine that guarantees incremental revenue has raised $1.6 million in a seed round from global funds including early Klaviyo backer TJ Mahony’s Vinyl Capital, Ankur Nagpal’s [...]

New Delhi, Mar 14 (PTI) Bajaj Allianz General Insurance on Monday announced a five-year tenure extension of its managing director and CEO Tapan Singhel. The new term will be effective from April 1, 2022, Bajaj Allianz General Insurance said in a statement. Under Singhel's leadership, the company has emerged as one of the largest and [...]

New Delhi, Mar 14 (PTI) Hero Electric on Monday said it has joined hands with L&T Finance to offer consumers easy financing solutions for its entire product portfolio across its 750-plus dealership network. As part of the tie-up, customers can avail finance with no hypothecation, hassle-free-quick loan approvals in under three minutes, at attractive interest [...]

New Delhi, Mar 14 (PTI) Solar photovoltaic (PV) cell manufacturer Jupiter International on Monday said it has raised Rs 170 crore from Edelweiss Alternative Asset Advisors Ltd. The company will utilise the funds as growth capital to enhance its solar PV cell manufacturing capacity, according to a statement. The fresh capital was raised through a [...]

New Delhi, Mar 14 (PTI) Zydus Lifesciences Ltd on Monday said it has received the final approval from the US health regulator to market its generic version of colestipol hydrochloride tablets, which is used to lower cholesterol. The approval by the US Food and Drug Administration is for colestipol hydrochloride of 1 mg strength, the [...]

New Delhi, Mar 13 (PTI) Paytm founder and CEO Vijay Shekhar Sharma was arrested and granted bail last month for allegedly ramming his car into the official vehicle of the Deputy Commissioner of Police (South), the Delhi Police said on Sunday. The incident took place on February 22. Sharma was arrested the same day and [...]

New Delhi, Mar 13 (PTI) State-owned gas utility GAIL (India) Ltd has declared a second interim dividend of 50 per cent (Rs 5 per share) for the current fiscal year ending March 31, 2022. The total dividend payout will be Rs 2,220.19 crore with a record date of March 22, the company said in a [...]

New Delhi, Mar 13 (PTI) Macleods Pharmaceuticals is recalling two products in the US market due to deviation from standard manufacturing norms, according to a USFDA report. According to the latest enforcement report issued by the US Food and Drug Administration (USFDA), the US-based arm of the drug firm is recalling 3,672 bottles of Amlodipine [...]

New Delhi, Mar 12 (PTI) Diageo-controlled United Spirits Ltd (USL) on Saturday said it will acquire a minorirty 22.5 per cent stake in Nao Spirits for Rs 31.5 crore. Diageo India will also have a call option to acquire the remaining shares on "pre-agreed principles" in Nao Spirits & Beverages Private Ltd, a joint statement said. Launched [...]

New Delhi, Mar 12 (PTI) Retirement fund body EPFO on Saturday decided to lower the interest on provident fund deposits for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent provided in 2020-21, sources said. This is the lowest since 1977-78, when the EPF [...]