Latest News on Corporate Actions

Bengaluru, Jan 17 (PTI) Exide Life has announced the appointment of Sanjay Vij as the Executive Director and Principal Officer with effect from January 10. On January one, 2022, HDFC Life Insurance Company Limited announced the completion of the acquisition of Exide Life Insurance Company Limited, subsequent to receiving all relevant regulatory approvals, an Exide [...]

New Delhi, Jan 17 (PTI) Strides Pharma Science Ltd on Monday said its Singapore-based arm has received approval from the US health regulator for its generic version of oseltamivir phosphate for oral suspension, used for treating illness due to influenza. The approval granted by the US Food & Drug Administration (USFDA) to Strides Pharma Global [...]

New Delhi, Jan 17 (PTI) Flipkart Wholesale, the B2B arm of the Flipkart Group, on Monday said it will reorganise its business operations, wherein a section of its employees will transition to Flipkart into new roles and responsibilities at the group level. As part of the reorganisation, all employees of Flipkart Wholesale – other than [...]

New Delhi, Jan 17 (PTI) State-owned SJVN Ltd on Monday said its 1,320-MW Buxar Thermal Power Plant has entered the advanced construction phase. "SJVN's 1,320-MW Buxar Thermal Power Project in Bihar achieved another milestone today (on Monday) with Jacking up of ceiling girder (1,400 tonnes) for first boiler unit," SJVN said in a statement. The [...]

New Delhi, Jan 17 (PTI) Founder and Managing Director of Texport Industries Narendra Kumar Goenka on Monday took over as the Chairman of the Apparel Export Promotion Council (AEPC) and expressed hope that the sector's outbound shipments would record healthy growth in the coming months. He has replaced A Sakthivel. Goenka said the sector is [...]

• To roll out its first product ozone-free air purifier, ion Dome for neutralising viruses • To launch a range of safe, affordable and innovative products to empower people with healthy lifestyle MUMBAI, India, Jan. 17, 2022 /PRNewswire/ -- Dhoot Transmission Pvt. Ltd. (DTPL), a global automotive components manufacturer with presence in six countries, has [...]

New Delhi, Jan 17 (PTI) Cloud-tech HR venture ZingHR on Monday said it has raised USD 10 million (about Rs 74.2 crore) from Tata Capital Funds that will give the latter a 33 per cent stake in the company.ZingHR will use the funding for expansion into more global markets, upgrade technology and scale up its [...]

New Delhi, Jan 17 (PTI) Tata Power Renewable Energy Ltd (TPREL) has commissioned two solar power projects of 50 MW each in Uttar Pradesh. A subsidiary of Tata Power, TPREL has comissioned the solar projects at Prayagraj and Banda, a statement said on Monday. The projects have been completed by TPREL within the agreed timelines [...]

Mumbai, Jan 17 (PTI) Global auto component major ZF on Monday announced the start of its commercial vehicle solutions (CVS) division, which combines the company's former commercial vehicle technology and commercial vehicle control systems divisions into one, with effect from January 1. Commercial Vehicle Control Systems was formed following the acquisition of WABCO in May 2020. [...]

New Delhi, Jan 17 (PTI) Leading cement maker UltraTech Cement on Monday announced a capital expenditure (capex) of Rs 965 crore for its modernisation and to almost double the production capacity of its white cement brand Birla White.  The Aditya Birla Group company plans to increase the capacity of Birla White from the current 6.5 [...]

New Delhi, Jan 17 (PTI) Vishwaraj Sugar Industries Ltd (VSIL) will invest Rs 250 crore to set up a new ethanol plant in Karnataka. At present, VSIL has a sugarcane crushing capacity of 11,000 tonnes per day, distillery capacity of 1 lakh litres per day, co-generation capacity of 36.4 MW, and vinegar manufacturing capacity of [...]

New Delhi, Jan 17 (PTI) Larsen & Toubro (L&T) on Monday said that its heavy engineering arm has flagged off five critical renewable diesel reactors to North America's largest renewable diesel producer Diamond Green Diesel (DGD), two weeks ahead of the contractual delivery date. DGD is a joint venture of Darling Ingredients Inc and Valero [...]

- Two Executive Directors join Colliers in Karnataka to lead its Greenfield projects BENGALURU, India, Jan. 17, 2022 /PRNewswire/ -- Leading diversified professional services and investment management firm Colliers (NASDAQ: CIGI) (TSX: CIGI) today announced the appointment of two Executive Directors who joined its Project Management business in Karnataka to lead Greenfield projects within the [...]

New Delhi, Jan 17 (PTI) Student housing startup Your-Space has raised USD 10 million (around Rs 75 crore) from a clutch of investors for the expansion and growth of its business.The company has raised the amount in Series-A funding through a combination of pure equity and convertible debentures, Your-Space said in a statement.The funding round [...]

New Delhi, Jan 17 (PTI) Short-video platform Chingari on Monday said it has raised USD 15 million (about Rs 111.4 crore) in funding led by Republic Capital. The extended Series A round also saw participation from Onmobile, JPIN Venture Catalysts, Hill Harbour, Angellist, Venture Collective, Makan Family, Cowa Ventures, MVC Friends, Protocol Labs and other [...]

New Delhi, Jan 17 (PTI) Agritech firm DeHaat on Monday said it has acquired agri-input marketplace startup Helicrofter to expand its presence in Maharashtra and other parts of West India.The company did not disclose the deal value.Started in 2012 and based in Gurugram (Haryana) and Patna (Bihar), DeHaat is a technology-based platform, offering end-to-end agricultural [...]

New Delhi, Jan 17 (PTI) Glenmark Pharmaceuticals on Monday said its US arm has received tentative approval from the country's health regulator for its generic Regadenoson injection. Regadenoson injection is given during the preparation for a radiologic examination of blood flow through the heart to test for coronary artery disease. The tentative approval granted by [...]

New Delhi, Jan 16 (PTI) Infrastructure major Megha Engineering & Infrastructures Limited (MEIL) on Sunday said it has completed 5-km-long tunnelling work as part of the 18-km-long all-weather Zojila Tunnel in a record time of 14 months. The company in a statement said the project of the National Highways and Infrastructure Development Corporation Ltd (NHIDCL), [...]

New Delhi, Jan 16 (PTI) The proposed merger of debt-ridden Punjab and Maharashtra Cooperative Bank with Unity Small Finance Bank (USFB) is being examined and the process of amalgamation will start after the government approval, sources said. Various aspects of the scheme of amalgamation have been examined and the government would soon send its suggestions, [...]

New Delhi, Jan 16 (PTI) State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million -- the second exit of an Indian firm from the US shale business in two months. "Oil India (USA) Inc (wholly owned subsidiary [...]

New Delhi, Jan 15 (PTI) RBL Bank has inducted NARCL Chairman Pradip Shah as an external expert to assist its search panel in finding a full-time MD and CEO, after the removal of Vishwavir Ahuja from the post last month. Global headhunting firm EgonZehnder has also been roped in for the exercise. Currently, Rajeev Ahuja [...]

Hyderabad, Jan 15 (PTI) Union Minister for Heavy Industries Mahendra Nath Pandey on Saturday dedicated India’s first BHEL-built 'coal to methanol' (CTM) pilot plant to the nation here, as part of the ongoing 'Azadi Ka Amrit Mahotsav' celebrations, an official release said. Pandey also inaugurated an exhibition on ‘Products Developed under Aatmanirbhar Bharat’ organised at [...]

New Delhi, Jan 15 (PTI) Brilloca, a wholly-owned subsidiary of Somany Home Innovation Ltd (SHIL), on Saturday said it will acquire building products manufacturing business of HSIL Ltd in a slump sale for a cash consideration of Rs 630 crore. Currently engaged in marketing and distribution of building products such as sanitaryware, faucets, plastic pipes [...]

New Delhi, Jan 15 (PTI) RIL subsidiary Reliance New Energy Solar, Hyundai Global Motors, Ola Electric, Mahindra & Mahindra and Larsen & Toubro are among the 10 firms that have submitted bids under the Rs 18,100 crore production linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Saturday.  A [...]

New Delhi, Jan 15 (PTI) Future group's stake in Amar Chitra Katha Pvt Ltd (ACKPL) has increased to 68.72 per cent post conversion of debentures into equity. After the conversion, Future Consumer Ltd holds a majority stake in ACKPL, the publishers of Amar Chitra Katha comics, said a regulatory filing by the Future group firm. [...]

New Delhi, Jan 15 (PTI) The Confederation of All India Traders (CAIT) on Saturday said its Secretary General Praveen Khandelwal has resigned as a member of ONDC Advisory Council. The council has been constituted to advise the government on measures needed to design and accelerate adoption of Open Network for Digital Commerce (ONDC). The Department [...]

New Delhi, Jan 14 (PTI) Sequent Scientific, an animal health firm, on Friday said it has appointed Rajaram Narayanan as MD and CEO for five years, with effect from April 11, 2022. Narayanan replaces Manish Gupta who has put in his papers.  The company's board, pursuant to the recommendation by the nomination and remuneration committee, [...]

New Delhi, Jan 14 (PTI) Sterlite Power on Friday said that it has completed the transfer of its ownership in IndiGrid Investment Managers Ltd (IIML) to Electron IM Pte Ltd, an affiliate of KKR & Co Inc. The ownership transfer has been effected as per the amended and restated shareholders agreement entered between Sterlite Power [...]

New Delhi, Jan 14 (PTI) Hinduja Group's headend-in-the-sky platform NXTDIGITAL Ltd (NDL) on Friday said it has completed a Rs 69.30-crore transaction for the sale of a land parcel held by it in Hyderabad. The sale agreement was signed and registered with the appropriate authorities in Hyderabad on Thursday and the balance consideration was received, [...]

New Delhi, Jan 14 (PTI) Imagine Marketing, the parent company of earwear brand boAt, on Friday said it will acquire Singapore-based KaHa Pte, an end-to-end smart IoT product development company, for an undisclosed amount. It has signed a definitive agreement to acquire KaHa, a move that will help to create next-generation IoT-enabled wearable products and [...]

New Delhi, Jan 14 (PTI) Industrialist Anil Agarwal-owned mining major Vedanta Group on Friday said it is exploring investment opportunities in the mineral sector of Saudi Arabia. The company is already in discussions with stakeholders in Saudi Arabia, which is aiming to become a mineral hub in the Middle East, Vedanta said in a statement. [...]

New Delhi, Jan 14 (PTI) Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday said it will acquire a 51 per cent majority shareholding in popular and contemporary brand 'Masaba' promoted by the leading designer Masaba Gupta for a cash consideration of Rs 90 crore. The Aditya Birla Group has entered into a 'binding term [...]

New Delhi, Jan 14 (PTI) Domestic traders' body CAIT on Friday said it has filed a petition before the Competition Commission of India (CCI) to block the transaction that has been entered into by Amazon where they will acquire 100 per cent shareholding in Cloudtail. The petition provides evidence to show Cloudtail charges less fees/ [...]

New Delhi, Jan 14 (PTI) IT services major HCL Technologies on Friday said it will acquire Hungarian firm Starschema for USD 42.5 million (about Rs 315 crore). HCL Technologies has signed a definitive pact for the acquisition of Budapest-based Starschema, which provides data engineering services, according to a regulatory filing. The strategic acquisition will bolster [...]

New Delhi, Jan 14 (PTI) Markets regulator Sebi on Friday said it will auction two properties of Ravi Kiran Realty India Ltd and its promoters on January 28 to recover investors' money. The properties, located in West Bengal, will be auctioned at a reserve price totalling Rs 2.16 crore, the Securities and Exchange Board of [...]

New Delhi, Jan 14 (PTI) Ola Electric will open the final payment window on January 21 for all the customers who have already paid Rs 20,000 for its electric scooters, Ola Chairman and Group Executive Officer Bhavish Aggarwal said on Friday. The company, which had last month stated that it has dispatched its electric scooters [...]

India’s first Experiential and Digital beauty store offering a range of exciting experiencesfor its consumers Gurugram, 13th January, 2022– Beauty Retailer Boddess.com opens its first flagship store in Ambience Mall, Gurugram. After its exciting online launch with over 100+ beauty brands, Boddess now opens with 1700sq feet of beauty space dedicated to top International brands [...]

New Delhi, Jan 14 (PTI) Aditya Birla Fashion and Retail Ltd (ABFRL) on Friday said it will acquire a 51 per cent majority shareholding in popular and contemporary brand 'Masaba' promoted by the leading designer Masaba Gupta for a cash consideration of Rs 90 crore. The Aditya Birla Group has entered into a 'binding term [...]

The built-in AI assistant can answer your calls with a script of your choice, take messages for you and even block calendars Bengaluru, Karnataka, India (NewsVoir) Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, has entered into an agreement to acquire the Israeli company CallHero (www.getcallhero.com). CallHero has developed a unique [...]

Mumbai, Jan 14 (PTI) Small businesses-focused lending platform Indifi on Friday announced a partnership with Alphabet's payment app, Google Pay, for helping it source new lending opportunities from merchants. Google Pay has 10 million merchants, who will be given the option of availing a pre-approved loan from Indifi in the app itself, based largely on [...]

Mumbai, Maharashtra, India – Business Wire India ​Mr Anurag Yadav is appointed as the Chief Executive Officer of IHH Healthcare India, effective today. Anurag joined IHH Healthcare in April 2017 as the Chief Financial Officer (CFO) of its India Operations Division, where he oversaw the financial activities of IHH’s network of hospitals in India (excluding [...]

Mumbai, Jan 14 (PTI) ICICI Prudential Asset Management Company has entered into a collaboration with the US-based First Trust Advisors, which is into actively-managed exchange-traded funds, to launch a slew of global fund of funds. Under the agreement, ICICI Prudential AMC will first launch a strategic metal & energy equity fund of funds, which will [...]

Mumbai, Jan 14 (PTI) Sajjan Jindal-led JSW Group's port development arm on Friday announced a USD 400 million fundraise through a bond issue from international investors.The money raised in the issue by JSW Infrastructure will be used to repay the existing debt of the company and its subsidiaries.The issue of the sustainability linked bond (SLB) [...]

New Delhi, Jan 14 (PTI) State-owned REC has raised USD 1,175 million from a consortium of seven banks.In a landmark transaction, REC Limited (REC) successfully raised USD 1,175 million from a consortium of seven banks as the Mandated Lead Arrangers and Bookrunners (MLABs), a statement said.According to the statement, this is the single largest syndicated [...]

New Delhi, Jan 14 (PTI) Electric commercial vehicle startup EVage on Friday said it has raised USD 28 million (over Rs 205 crore) from US-based venture capital firm RedBlue Capital.The funding will allow EVage to complete its factory outside of Delhi in FY 2022-23 and scale up production, the company said.EVage supplies EV trucks to [...]

MUMBAI, India, Jan. 14, 2022 /PRNewswire/ -- CRISIL Ratings will start disclosing the impact of environmental, social and governance (ESG) parameters separately when assigning credit ratings, taking cognisance of their increasing importance in investment decisions and when accessing capital world over. The past couple of years have seen ESG-led investments gain traction. ESG assets stood [...]

New Delhi, Jan 13 (PTI) Tata Consultancy Services (TCS) promoters - Tata Sons and Tata Investment Corporation Ltd - intend to participate in the IT service major's Rs 18,000 crore buyback offer by tendering about 2.88 crore shares, according to a regulatory filing.On Wednesday, the TCS Board had approved an upto Rs 18000 crore buyback [...]

  New Delhi, Jan 13 (PTI) NODWIN Gaming, a subsidiary of BSE-listed Nazara Technologies, on Thursday said it has acquired comic, pop culture and superheroes merchandising retailer - Planet Superheroes.While NODWIN did not disclose the financial details, Nazara Technologies said the transaction value is Rs 4.9 crore."...Board of Directors of Nodwin Gaming Pvt Ltd, a [...]

Mumbai, Jan 13 (PTI) State Bank of India (SBI) on Thursday said it has raised USD 300 million from Regulation S Formosa bonds offering a coupon of 2.49 per cent. Formosa bond is a bond issued in Taiwan. SBI, through its London branch, raised USD 300 million in 5-year money, which was benchmarked against the [...]

Mumbai, Jan 13 (PTI) Mahindra Group-backed leisure bike maker Classic Legends, which revived the Yezdi brand of motorcycles after a gap of more than 26 years with the launch of three new bike models on Thursday, has said the offerings will not only expand the market but also create a segment within the segment. The [...]

New Delhi, Jan 13 (PTI) The government is expected to come out with detailed guidelines for conversion of interest payment liabilities of telecom players into equity within a month, a senior official said on Thursday. Under the telecom reforms package announced last year, three debt-ridden telcos -- Vodafone Idea Ltd (VIL), Tata Teleservices Ltd (TTSL) [...]

Mumbai, Jan 13 (PTI) Data engineering and analytics firm TheMathCompany has raised USD 50 million from the US-based Brighton Park Capital, which is an investment company that specialises in collaborating with growth-stage software, healthcare, and tech-enabled services businesses, and existing investor Arihant Patni. The Bengaluru and Chicago-based company said the investment will accelerate its expansion [...]

Chennai, Jan 13 (PTI) HR services company Ma Foi, founded by noted entrepreneur-turned politician K Pandiarajan on Thursday announced the appointment of Rajiv Krishnan as the managing director and CEO of Ma Foi Strategic Consultants and Ma Foi Education Services.Krishnan would also add value to the business of CIEL HR Services, as a Director, with [...]

New Delhi, Jan 13 (PTI) Drug firm Sanofi India on Thursday said its Managing Director Rajaram Narayanan has put in his papers. The company's board has accepted the resignation of Narayanan, effective from the close of business hours on April 10, 2022, Sanofi India said in a statement. Narayanan has decided to pursue an opportunity [...]

New Delhi, Jan 13 (PTI) Health-tech firm HCAH (formerly HealthCare at HOME) on Thursday said it has raised Rs 112 crore from Singapore-based private equity fund ABC World Asia. The funds will be used to build an out-of-hospital healthcare delivery platform, including building presence in physical rehabilitation and recovery through its service range of home [...]

New Delhi, Jan 13 (PTI) YantraLive, a B2B platform for heavy equipment and parts, on Thursday said it has raised USD 1 million (over Rs 7 crore) in a seed round from GrowthStory and other angel investors, including Bigbasket co-founder Vipul Parekh.The start-up, which started in 2018, is backed by serial entrepreneurs Ravi Anand Rao [...]

New Delhi, Jan 13 (PTI) Mobile gaming start-up Turnip on Thursday said it has raised USD 12.5 million in a Series-A funding round co-led by Greenoaks and Elevation Capital. The round also had participation from SEA Capital and Vibe Capital. Investors such as Andreessen Horowitz general partner Andrew Chen, Razorpay founders Harshil Mathur and Shashank [...]

New Delhi, Jan 13 (PTI) Agri-commerce firm WayCool Foods has raised USD 117 million (about Rs 864 crore) from investors to strengthen its technology and future growth.The company said that the fund has been raised in series D round which saw participation from new and existing investors such as LightRock, LightBox, FMO, Lightsmith, World Bank Group's- [...]

New Delhi, Jan 13 (PTI) Online food delivery platform Zomato on Thursday said it will provide a job to Sucheta Tripathi, wife of its delivery partner Salil Tripathi who died in a road accident last week, and an insurance grant of Rs 10 lakh, besides its employees contributing Rs 12 lakh towards the family's future. [...]

New Delhi, Jan 13 (PTI) A French court has ordered freezing of an Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a USD 1.3 billion arbitration award over a cancelled satellite contract, according to the court order copy. The court allowed Devas shareholders to register a "Hypotheque [...]

Mumbai, Jan 13 (PTI) School education startup Lead has become the second unicorn this year with a valuation of USD 1.1 billion after USD 100 million (about Rs 740 crore) funding by Westbridge Capital, GSV Ventures and Elevar Equity.Lead has tied up with 5,000 schools across 500 towns/cities and expects to make an annual revenue [...]

• Durex has been supporting Adolescent, Sexual and Reproductive Health (ASRH) through its flagship 'The Birds and Bees Talk Program' in Seven North Eastern States • Launches 'Break The Wall'- a specially curated summit on Safe Sex on National Youth Day • Launches 'ConSenSuality', an initiative focused on educating the youth on their rights and [...]

New Delhi, Jan 13 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Thursday issued notices over the petition filed by e-commerce major Amazon, challenging a recent order passed by the fair trade regulator CCI that suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). The appellate tribunal has directed the [...]

New Delhi, Jan 13 (PTI) Yes Asset Management's name has been changed to White Oak Capital Asset Management with effect from January 12.Further, Yes Mutual Fund will now be called White Oak Capital Mutual Fund, Aashish P Sommaiyaa, Chief Executive Officer of White Oak Capital, announced in a tweet on Thursday.He, further, said: "WhiteOakCap has [...]

New Delhi, Jan 12 (PTI) Drug major Cipla on Wednesday said its subsidiary InvaGen Pharmaceuticals will continue to hold shares in US-based Avenue Therapeutics despite termination of the stock purchase and merger agreement they inked in 2018. In November 2018, Cipla had announced that InvaGen Pharmaceuticals Inc has entered into definitive agreements to acquire US-based [...]

New Delhi, Jan 12 (PTI) State-owned Nalco on Wednesday said it has successfully put into operation all the 960 pots at its existing smelter plant located in Angul, Odisha. Nalco Chairman and Managing Director Sridhar Patra formally operationalised the 960th pot by virtually switching on the pot from the company's corporate office in Bhubaneswar, the [...]

Kolkata, Jan 12 (PTI) Titagarh Wagons Limited (TWL) Wednesday said it has acquired land and infrastructure of Precision Shipyard located at Falta in West Bengal which will be used to boost its ship building capacity and execute the Rs 400 crore order book. The land and facility was acquired under an auction sale by Union [...]

New Delhi, Jan 12 (PTI) The National Company Law Appellate Tribunal (NCLAT) will on Thursday hear a petition filed by e-commerce major Amazon challenging a recent order of fair trade regulator CCI that suspended an over two-year-old approval for its deal with Future Coupons. Amazon’s petition is scheduled to be heard by a two-member bench [...]

New Delhi, Jan 12 (PTI) Markets regulator Sebi on Wednesday said it has granted recognition to CDSL Ventures as an accreditation agency. With the recognition, CDSL Ventures will be able to issue accreditation certificates to "accredited investors".CDSL Ventures is a wholly-owned subsidiary of depository CDSL.       The recognition to CDSL Ventures has been granted [...]

New Delhi, Jan 12 (PTI) Game streaming and e-sports platform Rooter on Wednesday said it has raised USD 25 million (about Rs 185 crore) in funding led by Lightbox, March Gaming and Duane Park Ventures.9Unicorns, ADvantage, Capital-A, and Goal Ventures also participated in the series A funding round along with existing investors, including IeAD Sports [...]

New Delhi, Jan 12 (PTI) Wipro on Wednesday said it expects to hire about 30,000 freshers in FY23, as the IT services major strives to ensure that supply is not a constraint in managing the robust demand environment.Amid the fast-spreading Omicron variant of the COVID virus, the company remains "very vigilant", CEO and Managing Director [...]

New Delhi, Jan 12 (PTI) Curefoods, a delivery-only restaurant chain operator, on Wednesday said it has raised USD 62 million (nearly Rs 460 crore) from investors, including Iron Pillar, Chiratae Ventures and Flipkart co-founder Binny Bansal.Sixteenth Street Capital and Accel Partners also participated in the funding round, in which USD 52 million were raised as [...]

New Delhi, Jan 12 (PTI) Markets regulator Sebi will auction properties of Kerala Housing Finance at a reserve price of Rs 1.3 crore on February 4 to recover dues.       The properties to be put on sale include land parcels and flats situated in Kerala, along with an Ashok Leyland AC Semi Deluxe [...]

New Delhi, Jan 12 (PTI) Animal health firm SeQuent Scientific on Wednesday said it has increased its stake in Brazil-based Evance Group to 100 per cent. The company, through its principal operating company Alivira Animal Health, has completed the consolidation of its Brazilian operations by increasing its shareholding in Evance Group by 30 per cent [...]

Mumbai, Jan 12 (PTI) Commercial vehicle maker and Hinduja Group flagship firm Ashok Leyland has partnered with Aidrivers for the development of artificial intelligence-enabled autonomous vehicles. Aidrivers founder Rafiq Swash said the company provides autonomous mobility solutions for industrial mobility automation which optimise clients' business operations and enable the delivery of quality services. The two [...]

Mumbai, Jan 13 (PTI) Quiklyz, the vehicle leasing and subscription arm of Mahindra Finance, has said it will offer the widest range of electric vehicles (EVs) for leasing and subscription to potential customers. Launched in November last year, Quiklyz digital platform provides a subscription programme for both retail and corporate customers. It also allows customers [...]

London, Jan 12 (PTI) US-based manufacturing firm Bull Moose Tube on Wednesday announced a rebrand to become known as Bull Moose Tube, a Rt. Hon. Lord Swraj Paul Company – in honour of its UK-based NRI industrialist owner.Based in Chesterfield, Missouri, the company is part of Lord Paul’s Caparo Group and said the renaming is [...]

New Delhi, Jan 12 (PTI) Furniture start-up WoodenStreet on Wednesday said it will invest Rs 50 crore in 2022 and plans to double its on-ground presence from 45 to 100 stores this year by adding more stores across the country. It plans to take more than 5 lakh sqft of retail space on lease as [...]

New Delhi, Jan 12 (PTI) Federal Bank on Wednesday said it has received approval from its board of directors to raise up to Rs 700 crore by issuing bonds on a private placement basis. The board of directors of the bank at its meeting held on Wednesday has approved the issuance of unsecured Basel-III tier-II [...]

New Delhi, Jan 12 (PTI) Aditya Birla Fashion and Retail Limited (ABFRL) on Wednesday announced collaboration with Germany's GIZ, a move aimed at strengthening circular business practices for the Indian market. The joint project will focus on material innovation, reducing inputs of harmful substances, increasing textile-to-textile recycling, developing alternatives to plastic packaging, and fostering traceability, [...]

Biometric authentication solution for net banking transactions; smooth & secure net banking experience; no more usernames, passwords & OTPs; transaction time reduced to a few seconds using fingerprint or faceID Mumbai (Maharashtra) [India], January 12: Axis Bank, India’s third-largest private sector bank, today announced its partnership with MinkasuPay to offer the smoothest net banking payment [...]

MatchMove Just-In-Time (M-JIT) funding solution helps the customers of Finahub’s partner NBFCs unlock the value of their gold jewellery in real-time and make purchases using MatchMove Rupay Cards. Bengaluru, Karnataka, India – Business Wire India Finahub Technology Solutions has selected MatchMove’s Embedded Banking platform to enable Banks & NBFCs in India to offer wallets & [...]

New Delhi, Jan 12 (PTI) Anicut Capital on Wednesday announced the successful closure of its second debt fund, Grand Anicut Fund - 2 (Category II Alternative Investment Funds) at Rs 875 crore. Anicut secured SEBI approval for its second debt fund - Grand Anicut Fund 2 (GAF -2) - of Rs 700 crore with a [...]

New Delhi, Jan 12 (PTI) Artha Energy Resources on Wednesday announced the launch of RenewShare, a renewable energy investment platform, that enables fractional ownership of renewable energy (RE) assets in the country. Launched as an autonomous investment platform, RenewShare caters to investors interested in diversifying their existing portfolio while being a part of the fast-growing [...]