Latest News on Corporate Actions

(An open-ended scheme replicating/tracking Nifty Midcap 150 Total Return Index) MUMBAI, India, Feb. 24, 2022 /PRNewswire/ -- Mirae Asset Mutual Fund, is one of the fastest growing fund houses in India. Today, the fund house has announced the launch of 'Mirae Asset Nifty Midcap 150 ETF', an open-ended scheme replicating/tracking Nifty Midcap 150 Total Return [...]

Mumbai, Feb 24 (PTI) Swedish home furnishings retailer IKEA (part of Ingka Group) on Thursday announced the appointment of Susanne Pulverer as its new and first woman Chief Executive Officer and Chief Sustainability Officer, for its India business. Pulverer, an experienced IKEA leader, takes over from the outgoing India CEO Peter Betzel, who will move [...]

Chennai, Feb 24 (PTI) Garuda Aerospace, the city-based drone start-up, is aiming to manufacture six lakh drone besides creating six lakh jobs by 2025 under its Kisan Drone initiative. The company announced 'Drone-as-a-Service' initiative to empower farmers and agriculture sector by adding value to the farming ecosystem.Recently, Prime Minister Narendra Modi had inaugurated the Kisan [...]

New Delhi, Feb 24 (PTI) Edtech firm CollegeDekho has acquired its peer firm Getmyuni for about Rs 50 crore in a mix of cash and equity deal, a move that will aid the company's revenue growth, according to a top company official. Post the acquisition, Getmyuni will continue to operate independently and some of the [...]

New Delhi, Feb 23 (PTI) Sweden-based IKEA, the world's leading home furnishing retailer, on Wednesday announced the appointment of Susanne Pulverer as its first woman chief executive officer (CEO) and chief sustainability officer (CSO) for its India business. Pulverer will replace the outgoing IKEA India CEO and CSO Peter Betzel, IKEA said in a statement. [...]

New Delhi, Feb 23 (PTI) British telecom giant Vodafone Plc is in discussions to sell around five per cent stake in telecom infrastructure company Indus Towers Ltd to Bharti Airtel, according to industry sources. Vodafone Plc is also planning to sell 2.4 per cent stake worth Rs 1,490 crore in Indus Towers through a block [...]

New Delhi, Feb 23 (PTI) Welspun India on Wednesday said it plans to raise Rs 500 crore by issuing non-convertible debentures (NCDs) or commercial papers on a private placement basis. Its board in its meeting on Wednesday "approved raising of funds, by way of the private placement, up to Rs 500 crore, inter alia, by [...]

New Delhi, Feb 23 (PTI) Electrical consumer durables company Crompton Greaves Consumer Electricals Ltd (CGCEL) on Wednesday announced to acquire a majority stake of 81 per cent in Butterfly Gandhimathi Appliances for a total consideration of Rs 2,076 crore. Tamil Nadu-based Butterfly Gandhimathi Appliances operates in kitchen and small domestic appliances and the deal will [...]

New Delhi, Feb 23 (PTI) Ujjivan Small Finance Bank (SFB) on Wednesday said it will seek shareholders' approval to raise up to Rs 600 crore as equity capital by issuing shares to qualified institutional buyers in order to meet the regulatory requirements for amalgamation with its parent company. Besides, the lender will seek approval of [...]

New Delhi, Feb 23 (PTI) Loyalty management solutions provider Giift has invested USD 30 million, about Rs 225 crore, for buying significant but undisclosed stake in fintech firm Xoxoday, the company said Wednesday. Giift is backed by Apis Growth Fund II, a private equity fund managed by Apis Partners LLP. "Xoxoday will use the USD [...]

New Delhi, Feb 23 (PTI) The Delhi High Court Tuesday stayed the notices issued by Petroleum and Natural Gas Regulatory Board (PNGRB) in connection with declaring GAIL Gas Ltd and its subsidiaries' City Gas Distribution Network as a common carrier or contract carrier.The interim order was passed by a bench of Chief Justice DN Patel [...]

New Delhi, Feb 23 (PTI) Gurugram-based NBFC Seeds Fincap Pvt Ltd on Wednesday said it aims to disburse loans worth Rs 250 crore in the next financial year. The company, which has operations in Uttar Pradesh, Haryana and Rajasthan with 24 branches in Tier 2 and 3 towns, completed disbursement of Rs 50 crore worth [...]

New Delhi, Feb 23 (PTI) Arrivae, a made-to-order furniture manufacturer and home improvement company, on Wednesday said it has raised Rs 75 crore in funding from Think Investments and Havells Group. The Series B funding round also saw participation from Emerge Capital and existing investors, Arrivae, backed by ace investor Rakesh Jhunjhunwala said in a statement. [...]

New Delhi, Feb 23 (PTI) Crompton Greaves Consumer Electricals Ltd (CGCEL) on Wednesday said it will acquire majority stake in  Butterfly Gandhimathi Appliances. It has signed a definitive agreement to "acquire up to 55 per cent stake at Rs 1,403.00 per equity share, aggregating up to Rs 1,379.68 crore", CGCEL said in a regulatory filing. It will [...]

New Delhi, Feb 23 (PTI) Dabur on Wednesday announced a partnership with Indian Oil Corporation Ltd (IOCL), as part of which the state-owned refiner's LPG distributors will become retail business partners for the homegrown FMCG major. This partnership will provide direct access to Dabur's range of products to around 14 crore Indane LPG consumer households [...]

Bhubaneswar, Feb 23 (PTI) ICICI Bank on Wednesday said it would expand its retail loan business at a rapid pace in Odisha during the ongoing fiscal.Home loan disbursement in the state is likely to grow by 30 per cent to Rs 1,250 crore, while the consumer credit segment is expected to rise by over 40 [...]

Mumbai, Maharashtra, India (NewsVoir) Shri Sanjay Khanna takes over as Director Refineries, BPCL on 22nd Feb’22. A Chemical Engineering graduate from NIT, Tiruchirapalli and Post Graduate in Finance Management from Mumbai University, he has more than 30 years of experience in Refinery Operations. In his illustrious career, he has earlier held the positions of Chief [...]

New Delhi, Feb 23 (PTI) Sujoy Choudhury has been appointed Director (Planning and Business Development) on the board of state-owned Indian Oil Corporation (IOC), the nation's biggest oil firm. His appointment is effective from February 23, the company said in a stock exchange filing. A Mechanical Engineer and MBA (Finance) from Jadavpur University, Kolkata, Choudhury, [...]

New Delhi, Feb 23 (PTI) Agro chemicals firm Crystal Crop Protection Ltd on Wednesday said it has introduced a new herbicide to check weeds in sugarcane crops and expects up to 8 per cent increase in revenue from this product in the next few years. Crystal Crop had posted a turnover of around Rs 2,100 crore during [...]

Mumbai, Feb 23 (PTI) MakeMyTrip on Wednesday said its fintech arm TripMoney has joined hands with SBM Bank India to launch a rupee-denominated secure credit card, TripMoney Global Card. This value-loaded credit card offers various advanced money management features relieving overseas travellers from paying mark-up on forex (foreign exchange) conversions, MakeMyTrip said in a statement. [...]

New Delhi, Feb 23 (PTI) Bharti Airtel CEO Gopal Vittal on Wednesday made a strong pitch for giving out E-band backhaul spectrum with 5G radiowaves while cautioning that not doing so could put the 5G game in "serious jeopardy". Airtel's top boss, Vittal, also flagged issues on Right of Way, Services Level Agreement (SLAs) around [...]

The company aims to establish itself as a finance bank that aids the needy. February 2022: Prayatna microfinance, that offers monetary services to low-income families was established in 2017 and since then the organization has been working relentlessly to contribute to building an Aatmanirbhar Bharat (self-reliant India). The organization has adopted the Joint liability group [...]

New Delhi, Feb 23 (PTI) Adani Enterprises Ltd on Wednesday announced divestment of its entire stake in DC Development Hyderabad Pvt Ltd and Naida Data Center (NDCL) to AdaniConnex Pvt Ltd. Consequently, DC Development Hyderabad and NDCL have ceased to be wholly-owned subsidiaries of the company, Adani Enterprises said in a filing to BSE. "The [...]

Mumbai, Feb 23 (PTI) Pricol Limited on Wednesday announced a strategic technology partnership with Sibros Technologies to deliver deep connected vehicle solutions in the domestic and ASEAN markets. The California-based Sibros provides Over-the-Air (OTA) connected vehicle software systems for OEMs worldwide. "We believe that the next generation of connected vehicles will be software and data-intensive, [...]

New Delhi, Feb 23 (PTI) Logistics management platform Shipsy has raised USD 25 million in a Series-B round co-led by A91 Partners and Z3 Partners along with existing investors Info Edge and Sequoia Capital India's Surge, the company said. The company plans to use the funding to continue growing in the Middle East, India and [...]

MUMBAI, FEB 23 (PTI) Money Market Operations as on FEB 22 2021 (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,40,283.56 3.46 1.55-5.45 I. Call Money 7,665.85 3.32 2.20-3.65 II. Triparty Repo 4,09,983.10 3.45 3.05-3.54 III. Market Repo 1,22,609.61 3.51 1.55-3.65 IV. Repo [...]

BANGALORE, India, Feb. 23, 2022 /PRNewswire/ -- EnrichVideo, a leading provider of customer engagement technologies for the financial services industry, today announced that Umesh Kulkarni has joined as Chief Technology Officer (CTO). Umesh is an industry veteran with over 25 years of experience and has led technology and product teams in diverse areas from datacom, [...]

MUMBAI, India, Feb. 23, 2022 /PRNewswire/ -- Exponentia.ai has announced that it has raised funding from Investors - Mr. Amit Midha, President - Dell Technologies and Technog Solutions. The funds will be used to strengthen Exponentia's offerings in the AI space and expand to new geographies. A significant part of the funds will also be [...]

New Delhi, Feb 23 (PTI) Tata group's realty firm Tata Housing on Wednesday announced an investment of USD 36 million (around Rs 270 crore) to develop two luxury residential projects in Maldives. The company will construct around 117 housing units in these two projects. In a statement, Tata Housing said it has launched another international [...]

Industry leaders and competitive dispatchable renewable power poise BrightNight for success INLET BEACH, Fla., Feb. 23, 2022 /PRNewswire/ -- Today, BrightNight announced its formal entry into the Australian energy market with the addition of industry leader Polly Baranco. BrightNight, a global Independent Power Producer (IPP), is well-established in the U.S. and has rapidly expanding teams [...]

New Delhi, Feb 22 (PTI) State-owned SJVN on Tuesday signed papers to get a Rs 6,333.40-crore loan from a consortium of banks from India and Nepal for funding of its Arun-3 power project in Nepal. "SJVN Arun-3 Power Development Company, a subsidiary of SJVN Ltd in Nepal, today (on Tuesday) signed term loan documents for [...]

New Delhi, Feb 22 (PTI) Azure Power on Tuesday said it has refinanced its 600 MW solar power project at the lowest rate of interest in its portfolio to date. Azure Power is an independent sustainable energy solutions provider and power producer in India. The company has successfully refinanced its existing project finance facility of [...]

New Delhi, Feb 22 (PTI) Wipro Ventures, the corporate investment arm of IT services major Wipro, has invested in US-based startup, vFunction, according to a statement. Alongside, Wipro Ltd has formed a joint go-to market partnership with vFunction, which has developed a scalable, AI (Artificial Intelligence) based technology platform for modernising Java applications and accelerating [...]

New Delhi, Feb 22 (PTI) Vistara plans to significantly ramp up its staff strength to a total of 5,000 by the end of this year as the full service carrier focuses on increasing capacity utilisation, expanding fleet and further improving overall services. Currently, the airline has around 4,000 people. After being significantly hit by the [...]

New Delhi, Feb 22 (PTI) Agro-chemicals firm Insecticides India Ltd (IIL) on Tuesday said its CSR arm IIL Foundation has signed a pact with Meerut-based Sardar Vallabhbhai Patel University of Agriculture and Technology (SVPUAT) for dissemination of the advance agri-extension activities to farmer for three years. The memorandum of understanding (MoU) was signed by SVPUAT [...]

New Delhi, Feb 22 (PTI) VilCart, the rural economy-focused technology start-up, on Tuesday said it has reached a milestone of reaching over 45,000 kirana stores in 4,770 villages in Karnataka. Further, the start-up aims to expand its operations to other parts of southern India in the coming months, the company said in a statement. "We [...]

Mumbai, Feb 22 (PTI) Facilio, a SaaS-based property app that claims to improve operational efficiency, has secured USD 35 million(around Rs 260 crore) in a funding round led by Dragoneer Investment Group. Brookfield Growth and existing investors Accel India and Tiger Global Management also participated in Series-B funding round. The startup said it will use [...]

Mumbai, Feb 22 (PTI) Millet-based food start-up Wholsum Foods, which sells children's food brand Slurrp Farm, has raised USD 7 million led by Investment Corporation of Dubai, which is the sovereign wealth fund of the emirate, and existing investor Fireside Ventures. The fund will enable Wholsum Foods to ramp up product innovation, marketing activities and [...]

Hyderabad, Telangana, India (NewsVoir) West Pharmaceutical Services, Inc. (West), a global leader in innovative solutions for injectable drug administration today announced the appointment of Mr. RavikrishnaChebolu as General Manager of its India operations. With more than 20 years of relevant commercial and general management experience in the pharmaceutical and healthcare industry, Mr. Chebolu will lead [...]

New Delhi, Feb 22 (PTI) InsurTech player RenewBuy on Tuesday said it has acquired artificial intelligence-based peer company Artivatic.AI for USD 10 million (around Rs 75 crore) which will help in expanding its outreach across the entire value chain of selling insurance policies. Bengaluru-based Artivatic.AI has been delivering underwriting and claim solutions to multiple life [...]

New Delhi, Feb 22 (PTI) Mahindra & Mahindra Financial Services on Tuesday said it has raised Rs 300 crore by issuing bonds on a private placement basis. A meeting of the committee of the board on Tuesday approved the allotment of 3,000 secured redeemable non-convertible debentures (NCDs) of a face value of Rs 10 lakh [...]

Indore, Madhya Pradesh, India – Business Wire India • Gobar-Dhan plant can produce 17000 kg CNG/day and 100 tonnes/day of organic compost • Plant is expected to treat 550 Tonnes per day of Wet waste generated by Indore City and convert it to 100% green products like biogas & manure ​HDFC Bank under its ESG [...]

New Delhi, Feb 22 (PTI) Digital healthcare platform MediBuddy on Tuesday said it has raised USD 125 million in funding from Quadria Capital and Lightrock India along with participation from existing investors including Bessemer Venture Partners and India Life Sciences Fund III. The other existing investors in the Series C round included Rebright Partners, JAFCO [...]

Mumbai, Feb 22 (PTI) Jalan-Kalrock consortium-owned Jet Airways on Tuesday announced the appointment of former SriLankan Airlines' CEO, Vipula Gunatilleka as the Chief Financial Officer. "We are excited to welcome Vipula Gunatilleka to our young and energetic team. Vipula is an aviation expert and regarded as a turnaround specialist in the industry. "He has been [...]

New Delhi, Feb 22 (PTI) FMCG maker Procter & Gamble India on Tuesday said it will extend all company-offered financial and medical benefits to the partners of its LGBTQ+ employees.Earlier these benefits were available to spouses of married employees and will now be extended to the partners of LGBTQ+ (lesbian, gay, bisexual, transgender and queer+) [...]

• $555,000 USD invested by Wavemaker Partners in pre-seed round • heyy, is backed by prominent Angel Investors from start-up, VC community • 10% - 14% employees of an organisation use heyy, when it is introduced MUMBAI, India, Feb. 22, 2022 /PRNewswire/ -- heyy, India's leading mental healthcare app, today announced it has raised US$555,000 [...]

New Delhi, Feb 22 (PTI) Mutual fund distribution platform, ZFunds, on Tuesday announced the launch of Rs 100 daily mutual fund SIP, which is conceptualised specifically for people residing in rural areas and small towns. The initiative is launched in collaboration with ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Tata Mutual Fund, ZFunds said [...]

DURHAM, N.C., Feb. 22, 2022 /PRNewswire/ -- US-based Velocity Clinical Research ("Velocity"), the world's largest fully integrated clinical site organization, today announces its acquisition of TrierHealth, digital clinical trials platform whose R&D team operates out of Hyderabad, India, to develop patient-focused technology. TrierHealth's founder, Raghu Punnamraju, will become Velocity's Chief Technology Officer. The investment in [...]

New Delhi, Feb 21 (PTI) Tata Consultancy Services (TCS) on Monday announced the launch of its Sydney Digital Garage to help customers in Australia and New Zealand leverage co-innovation and accelerate digital transformation. The advanced research hub is designed to holistically look at innovation, helping businesses establish their competitive differentiation, increase speed to market, and [...]

New Delhi, Feb 21 (PTI) The Supreme Court has agreed to hear in open court a review plea filed by Cyrus Investments Limited against its order setting aside appellate tribunal NCLAT's order which had restored Cyrus Mistry as the executive chairman of the Tata group.A three-judge bench of Chief Justice N V Ramana, Justice A [...]

New Delhi, Feb 21 (PTI) SBI Life Insurance Company (SBI Life) on Monday said its promoter BNP Paribas Cardif, holding 0.2 per cent share capital, has requested to be reclassified as a public shareholder. "The company has received request from BNP Paribas Cardif, one of the promoters of the company, holding 0.20 per cent of [...]

New Delhi, Feb 21 (PTI) Adani Group and Ballard Power Systems have joined hands to evaluate a joint investment in hydrogen fuel cells manufacturing in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India, Adani group said in a statement. Hydrogen is increasingly [...]

New Delhi, Feb 21 (PTI) IPO-bound Life Insurance Corporation (LIC) on Monday said it would like to retain some stake in IDBI Bank so that the insurer continues to reap the benefits of the bancassurance channel. IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional [...]

New Delhi, Feb 21 (PTI) FMCG major HUL is working to create an ‘intelligent enterprise’, moving away from the traditional linear value chain to a non-linear ecosystem to stay abreast of the changing needs, said Chairman and Managing Director Sanjiv Mehta on Monday. While addressing an AIMA event, he also welcomed the government steps to [...]

New Delhi, Feb 21 (PTI) CG Power and Industrial Solutions on Monday said that the Bombay High Court has quashed an assessment order of Rs 684.08 crore against the company issued by the I-T department. The court quashed the tax demand notice during a hearing on Monday, a regulatory filing by the company stated. "Further [...]

New Delhi, Feb 21 (PTI) Hero MotoCorp on Monday said it has created a new position, titled Chief Growth Officer, integrating the marketing, sales and after-sales functions and has appointed Ranjivjit Singh to the post with immediate effect. Singh, who has been heading the marketing function at the two- wheeler major, is being elevated to [...]

Mumbai, Feb 21 (PTI) V-Ensure Pharma Technologies, which is into contract drug manufacturing, has raised Rs 130-crore (USD 17.5 million) from global alternative investment firm Investcorp and Asia-based private investment firm Tanas Capital. For Investcorp this is the third healthcare investment in the country and its first in the pharmaceutical sector, the firm said in [...]

New Delhi, Feb 21 (PTI) ADB on Monday said it will provide USD 68 million (over Rs 500 crore) loan to IIFL Home Finance for lending to lower-income women borrowers for affordable green housing. The loan comprises a direct ADB loan of up to USD 58 million and a USD 10 million concessional loan by [...]

New Delhi, Feb 21 (PTI) London-based proptech firm Planet Smart City plans to raise 60 million euros (nearly Rs 510 crore) to grow its business across many countries, including India. Planet Smart City, a global leader in smart affordable housing, said in a statement on Monday that it has launched a "€60 million capital raise [...]

Mumbai, Feb 21 (PTI) Leading fund house Axis Mutual Fund is looking to raise Rs 200 crore from a new smallcap index fund it launched on Monday during the primary subscription period. Axis Nifty smallcap 50 index fund, which is an open-ended fund tracking the top 50 companies from Nifty 250 index, opens on Monday [...]

New Delhi, Feb 21 (PTI) Shares of Kalpataru Power Transmission Ltd on Monday surged over three per cent after the company announced its merger with JMC Projects (India) Ltd. On the BSE, the scrip gained 3.03 per cent to close at Rs 401.15. Intra-day, it traded at a high of Rs 409.45. Similarly, on the [...]

New Delhi, Feb 21 (PTI) With over six crore users booking railway tickets on the IRCTC website on a daily basis, the Indian Railways' catering and ticketing arm along with NPCI and BOB Financial Solutions on Monday launched a co-branded credit card to tap the huge potential the market offers. The 'IRCTC BoB RuPay Contactless [...]

Mumbai, Feb 21 (PTI) Shadowfax Technologies, a crowdsourced platform for last-mile deliveries, on Monday said it aims to have 75 per cent of its fleet in electric vehicles by 2024 and full electrification by 2026 as part of its long-term growth goals. This adoption of EVs is part of a global effort to make logistics [...]

New Delhi, Feb 21 (PTI) Jindal Stainless on Monday said it has entered into a pact with the Haryana State Board of Technical Education (HSBTE), Panchkula, to promote technical education in stainless steel technology and its applications. For this, they have agreed to institutionalise stainless steel courses in all polytechnic colleges in Haryana. "With the [...]

New Delhi, Feb 21 (PTI) The Securities Appellate Tribunal (SAT) has quashed a Sebi order against HDFC Bank, whereby the regulator had imposed a penalty of Rs 1 crore on the lender in a case pertaining to invoking securities pledged by stockbroker BRH Wealth Kreators. In addition, the regulator had directed to transfer Rs 158.68 [...]

New Delhi, Feb 21 (PTI) Online travel marketplace Wego on Monday said it has signed a definitive agreement with homegrown e-commerce major Flipkart to acquire Cleartrip's Middle East business. The transaction also includes the sale of Flyin.com and a technology co-operation agreement between Wego and Flipkart. "The Boards of Directors of Wego and Flipkart have [...]

New Delhi, Feb 21 (PTI) Tata Power on Monday said it has collaborated with Germany-based RWE Renewable GmbH to explore potential for a joint development of offshore wind projects in India. A corresponding Memorandum of Understanding (MoU) has been signed between Tata Power Renewable Energy Limited, a 100 per cent subsidiary of Tata Power, which [...]

Aiming to build a sui generic media empire, Namit Jain has assiduously put his musings in the political landscape. He is quick to take decisions and is unruffled by temporary downfalls and believes in continuity. Cracking every nutshell with his wit and humour, Jain takes up the responsibility of shaping up the digital era of [...]

New Delhi, Feb 21 (PTI) AiDash on Monday announced the acquisition of geospatial and AI (Artificial Intelligence) powered farming solutions provider Neurafarms.ai. With the acquisition of Neurafarms.ai, AiDash strengthens its product line and adds valuable talent to its team, according to a statement. The company did not disclose the size of the acquisition. "With the [...]

New Delhi, Feb 21 (PTI) Drugs firm Strides Pharma Science on Monday said its subsidiary has received approval from the US health regulator to market Amantadine Hydrochloride Softgel Capsules, used to treat infection caused by various strains of influenza A virus, in the American market. The company's step-down wholly-owned subsidiary, Strides Pharma Global Pte Ltd [...]

New Delhi, Feb 21 (PTI) Sistema Group company Binnopharm Group will acquire Dr Reddy's Laboratories' anti-bacterial medicines under the Ciprolet and Levolet brands in Russia, Uzbekistan and Belarus, the companies said in a joint statement on Monday. The Binnopharm Group, which is one of the leading pharmaceutical production companies in Russia, has inked a deal [...]

New Delhi, Feb 20 (PTI) Software-as-a-service provider Increff has raised USD 12 million (aroound Rs 82.62 crore) in its Series B funding round led by TVS Capital Funds, the company said. Premji Invest, Flipkart co-founder Binny Bansal's 021 Capital, and six existing angels participated in this round. Supply chain SaaS provider Increff plans to use [...]

New Delhi, Feb 20 (PTI) Digital networks integrator Sterlite Technologies expects about 20 per cent growth in business across key markets of the US, Europe and India in FY2023 amid global scale-up of networks and 5G build outs, its managing director Ankit Agarwal has said. With a notable drop in COVID-19 cases and easing of [...]

New Delhi, Feb 20 (PTI) Air India has won a nod of an appeals court in Quebec to challenge a Canadian court order that allowed foreign investors in Bengaluru-headquartered Devas Multimedia to seize its funds to recover compensation for a failed 2005 satellite deal with Antrix Corporation, a commercial arm of ISRO. In a February [...]

New Delhi, Feb 20 (PTI) Tata Technologies, a global engineering and product development digital services firm, will hire at least 1,000 more people in FY2023 than its planned recruitment of over 3,000 innovators over a 12-month period to fulfil the requirements of customers as its business growth accelerates, according to a top company official. In [...]

New Delhi, Feb 20 (PTI) Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official. The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains [...]

New Delhi, Feb 19 (PTI) Bharat Biotech on Saturday said its Covaxin will be evaluated as a COVID-19 vaccine candidate in the US. In a statement, Ocugen Inc, Bharat Biotech's partner in the US and Canada for Covaxin, noted that the American health regulator -- the US Food and Drug Administration (FDA) -- has lifted [...]

Thiruvananthapuram, Feb 19 (PTI) India’s largest online grocery seller BigBasket has acquired the enterprise business unit of a deep-tech company incubated by Kerala Startup Mission (KSUM) with a view to revolutionising offline retail in the country. BigBasket, a Tata enterprise, will be implementing Kochi-based startup Agrima Infotech’s unique customer vision technology platform, Psyight, at the [...]

New Delhi, Feb 19 (PTI) Japanese auto major Honda on Saturday said it has appointed Takuya Tsumura as the new President & CEO of Honda Cars India Ltd (HCIL) with effect from April 1, 2022. The appointment comes as part of the management changes announced annually by Honda Motor Co Ltd. Tsumura, 54, will take [...]

New Delhi, Feb 18 (PTI) As part of the resolution process, the RBI-appointed administrator on Friday invited expressions of interest (EoIs) for sale of debt-ridden Reliance Capital promoted by Anil Ambani Group. The RBI had on November 29 last year superseded the board of Reliance Capital Ltd (RCL) in view of payment defaults and serious [...]

New Delhi, Feb 18 (PTI) The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by budget carrier Go Airlines against an order passed by the NCLT allowing withdrawal of insolvency proceedings against Sovika Aviation Services. The Mumbai bench of the National Company Law Tribunal (NCLT) had on September 23, 2021 allowed the [...]

New Delhi, Feb 18 (PTI) Gujarat Mineral Development Corporation (GMDC), a leading mining public sector enterprise and the largest lignite seller in the country, on Friday said it has received the approval from the environment ministry to mine the Tadkeshwar lignite block in Gujarat up to the depth of 135 meters. The company had earlier [...]

New Delhi, Feb 18 (PTI) Realty firm Godrej Properties Ltd has committed investments worth USD 700-900 million in the last three years and continues to be extremely bullish on the Indian real estate sector, a senior company official said. Addressing a CII-Anarock conference, Godrej Properties Ltd (GPL) MD and CEO Mohit Malhotra said the company [...]

New Delhi, Feb 18 (PTI) Jindal Stainless on Friday said it has entered into a pact with National Institute of Food Technology Entrepreneurship and Management (NIFTEM) to work towards skill development, entrepreneurship, and academic cooperation. As part of the signed MoU, Jindal Stainless and NIFTEM will collaborate on multiple fronts and take up research and [...]

New Delhi, Feb 18 (PTI) IDFC FIRST Bank on Friday said its board has approved the appointment of former economist and IFS officer Jaimini Bhagwati as an additional director on its board for three years. Based on the recommendation of the nomination and remuneration committee, the board of directors of the bank has approved the [...]