Latest News on Corporate Actions

New Delhi, Feb 6 (PTI) More than 75 years ago, an opinion poll among Tata employees to choose from four names resulted in the country's first airline company being named as 'Air India'. Little over 10 days after formally taking control of Air India, Tata Group on Sunday shared nuggets of information about the history [...]

Guwahati, Feb 5 (PTI) The hurdle in the acquisition of over 198 acres of tea garden land for expanding the capacity of Numaligarh Refinery Ltd, Northeast's largest PSU refiner, was cleared on Saturday in a meeting of all stakeholders with Assam Chief Minister Himanta Biswa Sarma, officials said. Sarma held a meeting with the representatives [...]

New Delhi, Feb 4 (PTI) Drug major Cipla on Friday said it has signed a pact to acquire 32.49 per cent stake in AMP Energy Green Eleven to set up a captive solar power project in Maharashtra.The company has entered into a shareholder's agreement along with the power purchase agreement to acquire up to 32.49 [...]

New Delhi, Feb 4 (PTI) State-run Power System Operation Corporation Ltd(POSOCO) on Friday said its Director (System Operation) S R Narasimhan has taken additional charge of the post of chairman and managing director. "S R Narasimhan, Director (System Operation), has assumed the additional charge of the post of Chairman and Managing Director (CMD) of Power [...]

New Delhi, Feb 4 (PTI) Airtel Africa will clear a bond payment worth Rs 3,772 crore about a year in advance on March 7, 2022, a regulatory filing said on Friday. Bharti Airtel International(Netherlands) BV, which manages the company's Africa business, had issued the bond on March 11, 2013. "Bharti Airtel International (Netherlands) BV, a [...]

New Delhi, Feb 4 (PTI) InterGlobe Aviation on Friday announced the appointment of its Co-founder Rahul Bhatia as the company's Managing Director with immediate effect. The company is the parent of the country's largest airline IndiGo. Bhatia is the Co-founder and Promoter of InterGlobe Aviation. The board of directors, during its meeting on Friday, unanimously [...]

New Delhi, Feb 4 (PTI) Anuradha Guru, who is the Economic Adviser at the corporate affairs ministry, has been appointed as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI). The government, meanwhile, has appointed former civil servant Ravi Mittal as the chairperson of IBBI, a key institution in implementing the Insolvency [...]

New Delhi, Feb 4 (PTI) Avaada Energy on Friday said it installed 1GW capacity last year, which is the largest among all the renewable energy independent power producers in India. "Avaada Energy...has successfully commissioned 2.2 GW of utility-scale solar PV (photovoltaic) projects to date. The capacity is spread across nine states in the country," a [...]

New Delhi, Feb 4 (PTI) The value added tax on jet fuel in the Union Territory of Dadra and Nagar Haveli and Daman and Diu has been cut to 3 per cent from 20 per cent, with Union Civil Aviation Minister Jyotiraditya Scindia terming the move as a "progressive decision". The civil aviation ministry has [...]

Mumbai, Feb 4 (PTI) Bombay Shaving Company on Friday said it has raised Rs 50 crore from Gulf Islamic Investments (GII), which will help it gain access to the Middle East region. The company, which is into personal care and hair removal, recently had a Rs 160 crore fund infusion and the latest one takes [...]

New Delhi, Feb 4 (PTI) Delhi NCR-based office tools app Kaagaz on Friday said it has been accepted in an accelerator program of US-based Y Combinator, where early-stage startups are supported with upfront funding of USD 500 thousand or about Rs 3.7 crore. Kaagaz will get to demonstrate its solution before over 1,000 global investors [...]

New Delhi, Feb 4 (PTI) Fintech startup firm Jar on Friday said it has raised USD 32 million (about Rs 240 crore) in a Series A round funding led by Tiger Global.Rocketship.vc, Third Prime, Stonks, Force Ventures and existing investors, including Arkam Ventures and WEH, also participated in the new round.Angel investors, including Klarna founder [...]

New Delhi, Feb 4 (PTI) Agritech startup EekiFoods on Friday said it has raised USD 2 million (about Rs 15 crore) from investors, including Avaana Capital, to expand its business and upgrade technology.The company was founded in December 2018 by IIT Bombay Alumni Abhay Singh and Amit Kumar.It grows high-quality, residue-free Indian staple vegetables through [...]

- Acquisition of US FDA Approved State-of-the-Art Manufacturing Facility with Approximately 68,000 Square Feet On a 14 Acre Campus in the Heart of New Jersey – Also Known as "the Medicine Chest" of America - Capabilities include Formulation Development, Manufacturing of Soft Gels, Powders, Tablets, Capsules, Liquid Drugs, Controlled Substance (schedule II – IV), Packaging, [...]

GURGAON, India, Feb. 4, 2022 /PRNewswire/ -- Rajesh Padmanabhan, corporate whizz and man-of-many-parts is all set to join HONO as Chairman of HONO Board of Directors. A man with over 3 decades of pioneering work globally, across diverse functions like Business P&L, HR, Corporate Strategy, Consulting, Technology, Banking and Start-up entrepreneurship, Rajesh is now to [...]

New Delhi, Feb 3 (PTI) Power Grid Corporation (PGCIL) on Thursday said its board has approved investments worth Rs 677.59 crore for transmission projects. The 'Committee of Directors on Investment on Projects' at its meeting held on February 2 (Wednesday) approved investments worth Rs 677.59 crore, it said in a BSE filing. The projects include [...]

New Delhi, Feb 3 (PTI) ICICI Bank on Thursday said it has bought additional stake in India International Clearing Corporation (IICC) at IFSC in GIFT City for Rs 4.43 crore, taking its holding in the clearing body to 9.90 per cent. As many as 44,262,356 equity shares at Re 1 per share were allotted to [...]

Chennai, Feb 3 (PTI): Carborundum Universal Ltd (CUMI) on Thursday said its step down wholly owned subsidiary CUMI Abrasives GmbH has entered into a share purchase agreement with RHODIUS Abrasives, Germany at an enterprise value of Euro 55 million (about Rs 464 crore). In a statement, the company said the transaction was expected to be [...]

Hyderabad, Feb 3 (PTI) Dr Reddy's Laboratories Ltd on Thursday announced that it has entered into a definitive agreement to acquire Nimbus Health GmbH a privately owned, licensed pharmaceutical wholesaler from Germany focusing on medical cannabis. A press release from the Indian drug maker said Dr Reddy's will acquire Nimbus Health for an upfront payment [...]

Bengaluru, Feb 3 (PTI) A Memorandum of Understanding(MoU) was signed between electric two-wheeler maker Ather Energy and Electric Supply Companies (ESCOMs) of Karnataka in the presence of Chief Minister Basavaraj Bommai on Thursday for setting up 1,000 fast charging stations across the state. The ESCOMs would be the nodal agency to provide all technical support [...]

New Delhi, Feb 3 (PTI) Real estate firm Godrej Properties is planning to invest Rs 400 crore to acquire around 10 per cent stake in DB Realty and will also set up a Rs 600 crore equal joint platform to develop slum redevelopment projects. Mumbai-based Godrej Properties, one of the leading developers in the country, [...]

New Delhi, Feb 3 (PTI) Agro-chemical firm Safex Chemicals on Thursday announced the acquisition of Gujarat-based Shogun Lifesciences for an undisclosed amount.        Shogun Lifesciences has been acquired by Safex through its wholly owned subsidiary Shogun Organics Ltd, a Pune-based manufacturer of Home Care Active Ingredients, now expanded to produce agro chemical active [...]

New Delhi, Feb 3 (PTI) Dr Reddy's Laboratories on Thursday said it has inked a pact to acquire Germany-based Nimbus Health GmbH. The drug major said it has entered into a definitive agreement to acquire the company which is a privately owned, licensed pharmaceutical wholesaler focusing on medical cannabis in Germany. Dr Reddy's will acquire [...]

Mumbai, Feb 3 (PTI) Disruptors Capital, an early-stage venture capital fund investing in tech start-ups, has received Sebi's approval to launch a Rs 120-crore debt fund. The category-1 alternative investment fund said it will invest the money in tech start-ups across India, Southeast Asia and the US, and will aid start-ups to raise institutional funding. [...]

Mumbai, Feb 3 (PTI) Industrial and logistics estate platform ESR India on Thursday said it will develop its first in-city distribution centre in Delhi at an investment of Rs 175  crore, which is expected to be launched next year. The facility, to come up in an 8.2-acre site with a development potential of three lakh [...]

New Delhi, Feb 3 (PTI) Drug firm Granules India on Thursday said it has received approval from the US health regulator to market Bupropion Hydrochloride extended-release tablets, an antidepressant medication, in the American market. Granules Pharmaceuticals, Inc (GPI), a wholly-owned subsidiary of the company, has received approval from the US Food & Drug Administration (USFDA) [...]

New Delhi, Feb 3 (PTI) Proptech start-up POPT on Thursday said it has raised USD 2 million mainly from Canada-based angel investors MRW Ventures and Riar Holdings. In the pre-seed round of funding, seven other Indian angel investors also participated. Founded by Manpreet Singh in December 2021, Chandigarh-based POPT is bringing tech solutions in the [...]

New Delhi, Feb 3 (PTI) IT firm Scrut Automation on Thursday said it has raised USD 3 million in seed funding from Lightspeed and Endiya Partners. The company plans to use the fund to expand operations in the US, EU and Asia, enhance automation capabilities and create the largest marketplace for information security resources like [...]

New Delhi, Feb 3 (PTI) Hero Electric on Thursday said it has tied up with Axis Bank to offer retail financing solutions for its entire product portfolio. The customers can opt for two-wheeler financing across the company's network of over 750 dealers. Through this partnership, Hero Electric customers can now avail numerous value-added financial benefits [...]

New Delhi, Feb 3 (PTI) Toyota Kirloskar Motors on Thursday said it has temporarily stopped bookings for its newly launched premium utility vehicle Hilux, considering various factors impacting the supply amid heavy demand for the model.While launching the model last month, the company had commenced bookings with deliveries expected to begin in April, but it [...]

New Delhi, Feb 2 (PTI) Digital maps company CE Infosystem, which operates under the MapmyIndia brand, on Wednesday said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh. MapmyIndia expects the acquisition to support its business opportunity in the area of navigation, it said in a [...]

New Delhi, Feb 2 (PTI) HSBC Insurance (Asia Pacific) Holdings Ltd (INAH), one of the shareholders in Canara HSBC OBC Life Insurance Co Ltd, has expressed its intention to acquire Punjab National Bank's stake in the insurance company, according to a filing. "The bank has received a communication from HSBC Insurance (Asia Pacific) Holdings Ltd [...]

Kolkata, Feb 2 (PTI) Assam Chief Minister Assam Himanta Biswa Sarma on Wednesday said the state has earmarked Rs 250 crore for the tea sector, and urged the industry to avail the fiscal benefits.Addressing the annual general meeting of India Tea Association (ITA) virtually, Sarma said the fiscal aid will be provided in the form [...]

New Delhi, Feb 2 (PTI) About 1.72 lakh individual cases of call drops have been resolved so far and around 7,920 Base Transceiver Stations (BTSs) installed by telecom operators specifically to address call drop issues received through DoT's IVRS system, Lok Sabha was informed on Wednesday. The Department of Telecom (DoT) had launched an Interactive [...]

New Delhi, Feb 2 (PTI) Fair trade regulator CCI on Wednesday approved the acquisition of certain additional equity in Escorts Ltd by Kubota Corporation. The transaction involves Kubota's acquisition of certain additional equity shares of Escorts by way of preferential allotment and a mandatory tender offer in compliance with the Securities and Exchange Board of [...]

Coimbatore, Feb 2 (PTI) City-based KG Information Systems Private Limited (KGiSL) has approved the de-merger of its Global Software Services (GSS) and Business Support Services (BSS) divisions. After the demerger, the two divisions would be different, independent entities. KiGSL said it took this decision so that the divisions can unlock their potential and pursue growth. [...]

New Delhi, Feb 2 (PTI) Shriram Asset Management Company (AMC) on Wednesday said its board has approved a strategic investment by Mission1 Investments, which will own a 23 per cent stake in the company, following the completion of the transaction. This partnership will sharpen Shriram Group's focus and attention towards building an investment solutions platform that is [...]

New Delhi, Feb 2 (PTI) Conversational engagement solutions provider Gupshup on Wednesday announced the acquisition of Knowlarity Communications for an undisclosed amount.Knowlarity offers cloud telephony, contact centre automation, AI-powered voice assistants and speech analytics solutions to over 6,000 customers across 65 countries. It has nearly 400 employees.The acquisition complements Gupshup's conversational messaging suite and establishes [...]

New Delhi, Feb 2 (PTI) Alembic Pharmaceuticals on Wednesday said it has received tentative approval from the US health regulator for its generic version of fesoterodine fumarate extended-release tablets, used for overactive bladder in adults with symptoms of urinary incontinence, urgency, and frequency. The approval by the US Food & Drug Administration (USFDA) for the [...]

Park Place Technologies Strengthens Its Vision with Data Migration Software Deal CLEVELAND, Feb. 1, 2022 /PRNewswire/ -- Park Place Technologies, the leading global data center and networking optimization firm, has strengthened its software portfolio with the purchase of Congruity360's Storfirst software platform. Storfirst is the industry's most secure, OEM- and platform-agnostic (cloud, hybrid cloud and [...]

New Delhi, Feb 2 (PTI) Drug firm Zydus Cadila on Wednesday said it has commenced supplies of its COVID-19 vaccine ZyCoV-D to the central government.The company has initiated the supply as per the order placed by the government, the drug firm said in a statement.The group is also planning to make the vaccine available in [...]

Mumbai, Feb 1 (PTI) Custom synthesis and speciality chemical player Anupam Rasayan India Ltd (ARIL) on Tuesday said it will acquire a 24.96 per cent stake in Tanfac Industries Ltd (TIL) for Rs 148.14 crore from Birla Group Holdings and few other promoter groups of TIL. Anupam Rasayan India is also launching an open offer [...]

New Delhi, Feb 1 (PTI) The government is expecting a 27 per cent lower dividend at Rs 73,948 crore from the Reserve Bank of India (RBI) and public sector banks and financial institutions in 2022-23.In absolute term, this is nearly Rs 27,400 crore lower than the Revised Estimates (RE) of Rs 1,01,353 crore under the [...]

Colombo, Feb 1 (PTI) Sri Lanka has decided to purchase petrol and diesel, 40,000 metric tonnes each, from the Indian Oil Corporation, according to a Cabinet note on Tuesday, as part of the government's bid to tide over the current fuel and energy crisis faced by the island nation. The move came weeks after Power [...]

Houston, Feb 1 (PTI) American oil and gas energy giant Exxon Mobil has announced that it will relocate its headquarters to the country's energy capital, Houston, from its current Dallas suburb Irving, saying it will enable closer teamwork to accelerate and increase value delivery. The move is scheduled to be completed by mid-2023, the company [...]

New Delhi, Feb 1 (PTI) Tech upskilling Scaler (by InterviewBit) on Tuesday said it has raised USD 55 million (about Rs 410 crore) in funding, led by new investor Lightrock India. Two existing investors Sequoia Capital India and Tiger Global also participated in the series B round, a statement said. With this fresh round of [...]

Their instant payment solution will further help restaurants adapt to and scale alongside growing contactless preferences between both business and customer sides India – Business Wire India Qlub, a startup developing an ultra-fast payment solution for consumers in restaurants, has raised $17 million in seed financing. The investment is co-led by Cherry Ventures and Point [...]

Kolkata, Jan 31 (PTI) B K Birla Group flagship company Kesoram Industries on Monday said it has repaid Rs 285 crore of its outstanding debt.The company had earlier repaid Rs 55 crore.The remaining outstanding debt is Rs 1,708 crore.“The primary objective of the rights was to retire debt. The unlisted Optionally Convertible Debentures of face [...]

New Delhi, Jan 31 (PTI) Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems.         In addition, they have been restrained [...]

New Delhi, Jan 31 (PTI) Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems.         In addition, they have been restrained [...]

New Delhi, Jan 31 (PTI) Government-promoted CSC E-Governance Services India on Monday said it has partnered with Stockholding Corporation of India to launch the demat account opening service to people. Apart from the demat account, citizens can also now get their PAN card made digitally through CSC by uploading all the required documents and the [...]

New Delhi, Jan 31 (PTI) Vedanta on Monday said it has tied up a facility of Rs 8,000 crore with Union Bank of India to take over a majority of the syndicated facility after multiple discussions with potential lenders. During 2020, amid the COVID-19 pandemic, Vedanta Ltd had tied up a syndicated facility of Rs [...]

New Delhi, Jan 31 (PTI) Power giant NTPC on Monday said its arm NTPC Vidyut Vyapar Nigam Ltd (NVVN) has acquired a five per cent equity stake in Power Exchange of India Ltd (PXIL). NVVN purchased the stake from NSE Investment Ltd, a co-promoter shareholder of PXIL, on January 31, 2022, according to a statement. [...]

Mumbai, Jan 31 (PTI) State Bank of India (SBI) on Monday said it has entered into an agreement with Tata Power Solar Systems for financing of solar projects. The lender has also set up a dedicated centralized processing cell - 'Surya Shakti Cell', at the Ballard Estate in Mumbai, a press release said. The cell [...]

New Delhi, Jan 31 (PTI) Power giant NTPC on Monday said its arm NTPC Vidyut Vyapar Nigam Ltd (NVVN) has acquired a five per cent equity stake in Power Exchange of India Ltd (PXIL). NVVN purchased the stake from NSE Investment Ltd, a co-promoter shareholder of PXIL, on January 31, 2022, according to a statement. [...]

New Delhi, Jan 31 (PTI) Reliance Brands Ltd (RBL) on Monday announced forming a 60:40 joint venture with Rahul Mishra brand RM, which will create and own a new brand that would encompass courtier's ready to wear business. The new brand would grow both vertically and horizontally in the fields of accessories, footwear, home, beauty, [...]

New Delhi, Jan 31 (PTI) Software-as-a-service firm FarEye on Monday announced a buyback programme worth USD 1.22 million for employee stock ownership plan (ESOP) holders. This liquidation comes on the back of a USD 739,000 ESOP liquidation that the company offered in December 2020 to reward its employees. "Our people are our greatest asset and [...]

Mumbai, Jan 31 (PTI) Debt restructuring and turnaround specialist Brescon & Allied Partners is looking to launch an alternative investment fund (AIF) with a corpus of USD 250-300 million and is in initial discussions with domestic and global investors to raise the money. Mumbai-based Brescon, founded by former investment banker Nirmal Gangwal, claims to be [...]

Mumbai, Jan 31 (PTI) Agritech solutions start-up Kisanwala on Monday said it has raised around USD 1 million in an angel round funding, led by veterans from the tech and agri industries. This funding round will be used towards building the tech to provide holistic one-stop solutions for the agriculture ecosystem and building the flagship [...]

Mumbai, Jan 31 (PTI) Financial services firm Avendus Capital has acquired the institutional equities business of Chennai-based brokerage Spark Capital as part of expanding its capital markets offerings to institutional equities, for an undisclosed sum. Spark's institutional equities franchise is run by an 80-member team, serving over 400 institutional clients for the past 15 years. [...]

New Delhi, Jan 31 (PTI) The government on Monday said it has approved sale of loss-making Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd for Rs 12,100 crore. NINL is a joint venture of four CPSEs, namely MMTC, NMDC, BHEL, MECON and two Odisha Government PSUs, namely OMC and IPICOL. NINL has [...]

Mumbai, Jan 31 (PTI) Jet Freight Express, the domestic and hyperlocal service arm of Jet Freight Logistics, on Monday said it has deployed electric vehicles (EVs) in the last-mile delivery for an e-commerce player. The company in a statement on Monday said it plans to include more EVs to serve multinational companies as part of [...]

New Delhi, Jan 31 (PTI) Anicut Capital on Monday said it has raised Rs 140 crore from the Small Industries Development Bank of India (SIDBI) for its second debt fund.The funds will be deployed through the second debt fund - Grand Anicut Fund-2 - which closed recently at Rs 875 crore, a statement said.The funds [...]

Hyderabad, Jan 31 (PTI) Drillmec SpA, a subsidiary of the city-based Megha Engineering and Infrastructures Limited (MEIL) group, will be setting up its global manufacturing hub in Telangana with an investment outlay of USD 200 million, a top executive of the Italian company said on Monday. Simone Trevisani, CEO, Drillmec and Jayesh Ranjan, Principal Secretary [...]

Mumbai, Jan 31 (PTI) SaaS-based cold chain aggregator platform Celcius on Monday announced a financial tie-up with Shriram Transport Finance Company (STFC) to fund vehicles and working capital financing for the cold supply chain market.Under the collaboration, which marks STFC's entry into the cold supply chain segment, the two partners will provide light and heavy [...]

New Delhi, Jan 31 (PTI) Drugmaker Granules India Ltd on Monday said the US health regulator has issued "three minor observations" to its wholly-owned arm Granules Pharmaceuticals, Inc (GPI) in a pre-approval inspection (PAI).Granules Pharmaceuticals located in Chantilly, Virginia, US, had undergone a PAI by the US Food and Drug Administration (USFDA) from January 24-28, [...]

New Delhi, Jan 30 (PTI) PPFAS Mutual Fund on Sunday announced that it will stop accepting inflows into PPFAS Flexicap Fund with effect from February 2. The moves comes after the capital markets regulator Sebi directed mutual fund houses to stop taking fresh subscriptions in schemes investing in overseas stocks. The directive to stop subscription [...]

Kolkata, Jan 30 (PTI) Saregama India, a part of RP-Sanjiv Goenka Group, is planning to invest up to Rs 750 crore in its music business to achieve a 25-30 per cent revenue growth in the next few years through organic and inorganic routes, an official said. It is also foraying into a new business segment [...]

New Delhi, Jan 30 (PTI) Steel company JSW Steel on Sunday announced the passing away of Malay Mukerjee, who was an independent director on its board. Mukerjee was appointed to the board of JSW Steel on July 29, 2015. In a statement, JSW Steel said it announces the "sad demise of Malay Mukerjee, independent director, aged [...]

New Delhi, Jan 30 (PTI) Adani Ports and Special Economic Zone (APSEZ) on Sunday said the company's composite scheme to acquire Sarguja Rail Corridor Pvt Ltd (SRCPL) has been approved by the National Company Law Tribunal (NCLT) and will be effective from the appointed date of April 1, 2021. APSEZ in a statement said the [...]

New Delhi, Jan 30 (PTI) The National Company Law Appellate Tribunal (NCLAT) has set aside an earlier order of the Mumbai bench of the NCLT, which had directed the administrator of the debt-ridden DHFL to put the second settlement proposal by erstwhile promoter Kapil Wadhwan before its lenders for consideration. The appellate tribunal observed that [...]

New Delhi, Jan 30 (PTI) Adani Ports and Special Economic Zone (APSEZ) on Sunday said the company's composite scheme to acquire Sarguja Rail Corridor Pvt Ltd (SRCPL) has been approved by the National Company Law Tribunal (NCLT) and will be effective from the appointed date of April 1, 2021. APSEZ in a statement said the [...]

New Delhi, Jan 30 (PTI) Embassy Office Parks REIT will invest Rs 850 crore to develop nearly two million square feet office buildings in Bengaluru as the company remains bullish on demand for premium workspace, a senior company official said. Embassy Office Parks REIT, the country's first public listed real estate investment trust (REIT) sponsored [...]

New Delhi, Jan 29 (PTI) Union minister Sarbananda Sonowal on Saturday reviewed the progress on various green initiatives being implemented as per Maritime India Vision 2030 for the development of green ports and green shipping in India, an official statement said on Saturday. The minister held a meeting with the representatives of all major ports [...]

New Delhi, Jan 29 (PTI) Piramal Capital & Housing Finance Limited (PCHFL) that acquired debt-ridden DHFL has integrated over 3,000 employees and plans to increase the headcount for business growth. Under 'Project Sangam', a programme focused on the cultural and business integration, senior professionals from DHFL will move to a new corporate premises in Mumbai [...]

New Delhi, Jan 29 (PTI) After facing criticism from various quarters, the country's largest lender State Bank of India (SBI) on Saturday decided to suspend its circular on recruitment of pregnant women. SBI recently reviewed its 'Fitness Standards for Recruitment in the Bank', including norms for Pregnant Women candidates. Under the new rules, a woman [...]

New Delhi, Jan 28 (PTI) Smartphones maker Oppo India plans to set up a power and performance lab in India to focus on improvement in battery life in the upcoming devices, especially when 5G services are rolled out, a senior company official said on Friday. Tasleem Arif, head (research and development) and vice-president of Oppo [...]

New Delhi, Jan 28 (PTI) IT firm Tech Mahindra on Friday said it has strengthened its partnership with Mahindra Racing to provide EV engineering capabilities and drive digital transformation to enhance performance management.As part of the partnership, Tech Mahindra will leverage a dynamic and unique eRace Track Analytics platform with live analytics, wind tunnel simulations, [...]

New Delhi, Jan 28 (PTI) India needs a multi-pronged approach to connect its 1.3 billion people and there will be no conflict of interest among vendor partners post Google's investment in Bharti Airtel, a senior official of the domestic telecom major said on Friday. Bharti Airtel is the second Indian telecom firm after Jio in [...]

Mumbai, Jan 28 (PTI) Grounded carrier Jet Airways has appointed Priyapal Singh as its 'accountable manager', replacing Sudhir Gaur who resigned from the company late last year, an airline source said on Friday. A seasoned pilot, Singh took over the charge of the position in January, according to the source. The source also said that [...]

Mumbai, Jan 28 (PTI) Microfinance institution Satin Creditcare Network Ltd (SCNL) on Friday said it has raised Rs 225 crore through preferential allotment of shares.    The micro lender has allotted a total of 30,76,916 shares (i.e. 7,69,229 shares each) to a group of investors namely Aarti Agrifeeds LLP, Adesh Agricare LLP, Adesh Agrifarm LLP [...]

New Delhi, Jan 28 (PTI) Global investment firm Blackstone has consolidated its 16  logistics and warehousing assets across India, having an enterprise value of USD 900 million, under Horizon Industrial Parks. Blackstone said in a statement on Friday it has appointed Rahul Pandit as chief executive officer of Horizon Industrial Parks. The company has so [...]