Latest News on Corporate Actions

Mumbai, Jan 3 (PTI) Bike Bazaar Finance disbursed Rs 100-crore worth of loans for the Hero MotoCorp range of motorcycles and scooters in November last year, the company said on Monday. Hero MotoCorp has an alliance with Bike Bazaar Finance, an arm of Bike Bazaar, to facilitate fast and flexible loans primarily in the rural [...]

New Delhi, Jan 3 (PTI) Electric two-wheeler maker One Moto India on Monday said it plans to invest Rs 250 crore to set up a manufacturing unit in Telangana. The company has signed a memorandum of understanding with the state government to set up the new facility at the outskirts of the capital Hyderabad, One-Moto [...]

Mumbai, Jan 3 (PTI) SBI Mutual Fund on Monday launched a CPSE Bond Plus SDL index fund, an open-ended targeted maturity index fund investing in the constituents of the Nifty CPSE Bond Plus SDL Sep 2026 index. The new fund, which tracks the state development loans (SDL) September 2026 50:50, opened on Monday and closes [...]

New Delhi, Jan 3 (PTI) Sterling and Wilson Renewable Energy Ltd (SWREL) on Monday said that Reliance New Energy Solar Ltd (RNESL) has become its promoter post payment of balance Rs 1,583 crore for acquisition of 25.90 per cent equity in it. With this transaction, RNESL and other group firms together hold over 40 per [...]

New Delhi, Jan 3 (PTI) IT company Tech Mahindra on Monday announced it has achieved the Data Analytics specialisation certification in the Google Cloud Partner Advantage Program, strengthening its expertise in data analytics space.As a premier partner for Google Cloud, Tech Mahindra has been at the forefront of enabling cloud adoption for enterprises globally, the [...]

New Delhi, Jan 3 (PTI) Azure Power on Monday said it has commissioned a 600 MW solar power project in Bikaner. According to a statement, the power generated from the project, located in Rajasthan, will be supplied to SECI at a tariff of Rs 2.53 per kWh for 25 years. This is the largest solar [...]

New Delhi, Jan 3 (PTI) Customers of Fino Payments Bank will be able to receive remittance money sent from overseas as it has been granted approval by the Reserve Bank of India (RBI) to offer the international money transfer service. Fino Bank has received the RBI approval to commence the international remittance business under the [...]

Mumbai, Jan 3 (PTI) Greaves Cotton's e-two-wheeler arm Ampere on Monday inaugurated its first and one-of-a-kind experience centre at Ranipet, Tamil Nadu. Located at the newly launched mega EV facility in Ranipet, the facility is designed with digital interventions that can enable the customer to experience Ampere's electric vehicles, the company said in a release. [...]

Mumbai, Jan 3 (PTI) Edelweiss Financial Services Ltd (EFSL) on Monday said it has raised Rs 456.24 crore through the issuance of non-convertible debentures (NCDs). The company has allotted 45,62,472 NCDs of the face value of Rs 1,000 each, a press release said. The non-bank lender had decided to do an early closure of the [...]

Mumbai, Jan 2 (PTI) Greaves Cotton's e-mobility arm Greaves Electric Mobility on Sunday said it sold over 10,000 units in December 2021, with the e-three-wheelers clocking a 101 per cent growth in sales a year ago. Greaves Electric Mobility strengthens its position as a market leader in both E-2W and E-3W segments, with Ampere reporting [...]

New Delhi, Jan 2 (PTI) IntelliSmart, a JV company of state-owned EESL and investment platform NIIF, is eyeing new smart prepaid meter installation projects in multiple states where tendering process is at advanced stage, its managing director Anil Rawal said. In November 2021, Gurugram-based IntelliSmart Infrastructure Private Limited (IntelliSmart) was awarded a Rs 500 crore [...]

New Delhi, Jan 2 (PTI) State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options, a senior official said. The PXIL is India's first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as [...]

New Delhi, Jan1 (PTI) Future Retail on Saturday said it has missed the due date for payment of Rs 3,494.56 crore to banks and lenders as it could not sell assets due to its ongoing litigation with amazon, impacting its monetisation plans.Future Retail had last year entered into a one-time restructuring (OTR) scheme for COVID-19 hit [...]

New Delhi, Jan 1 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Saturday said it will raise as much as USD 5 billion in foreign currency-denominated bonds and use the proceeds to retire existing borrowings.In a stock exchange filing, the company said the Finance Committee of the company board at its meeting on Saturday approved [...]

New Delhi, Jan 1 (PTI) Natco Pharma on Saturday said its wholly-owned arm Natco Pharma Inc has completed the USD 18 million (nearly Rs 135 crore) acquisition of US-based Dash Pharmaceuticals LLC.Dash is a front-end pharmaceutical sales, marketing and distribution entity in the US, which is expected to have net sales of approximately USD 15 [...]

New Delhi, Jan 1 (PTI) HDFC Life Insurance has completed the acquisition of Exide Life by allotting over 8.7 crore shares of the company to Exide Industries, the insurer said on Saturday.The Capital Raising Committee of the board has vide its resolution dated January 1, 2022, allotted 8,70,22,222 equity shares of the company to Exide [...]

New Delhi, Jan 1 (PTI) DCM Ltd on Saturday informed that it has defaulted over the payment of interest and repayment of principal amount on loans taken from banks and financial institutions.It has defaulted on term loans from State Bank of India, ICICI Bank and HDFC Bank, a regulatory filing from DCM Ltd said.The default [...]

New Delhi, Jan 1 (PTI) Punjab National Bank on Saturday said Atul Kumar Goel has taken charge as an 'officer on special duty', before taking over as its new MD and CEO next month.Pursuant to the Department of Financial Services, Ministry of Finance, Government of India Notification dated December 28, 2021, Atul Kumar Goel has assumed office [...]

New Delhi, Jan 1 (PTI) Bhola Singh on Saturday assumed the charge of the chairman and managing director (CMD) of Coal India arm Northern Coalfields Ltd (NCL). With a diversified experience of over 34 years in the coal sector, Singh was working as director (technical) in Central Coalfields Ltd (CCL), a Jharkhand-based subsidiary of Coal [...]

New Delhi, Jan 1 (PTI) The hiving off and transfer of Tata Motors' entire passenger vehicle undertaking to Tata Motors Passenger Vehicles Ltd have come into effect from Saturday, the homegrown auto major said on Saturday. In a regulatory filing, Tata Motors said its board at a meeting held on Saturday approved the settling of [...]

Chennai, Jan 1 (PTI): Sundaram Mutual has announced the appointment of Ravi Gopalakrishnan as its chief investment officer (equity). Prior to taking up the new role, Ravi was serving Principal Mutual Fund as head-equities. "Sundaram Mutual announces the closure of acquisition of Principal Mutual Fund today and welcomes Ravi Gopalakrishnan as Chief Investment Officer (equity)", [...]

New Delhi, Jan 1 (PTI) State-owned power giant NTPC arm Nabinagar Power Generating Co (NPGC) has declared an interim dividend of Rs 100 crore for 2021-22, according to a statement. "Nabinagar Power Generating Co (NPGC), a wholly-owned subsidiary of NTPC Ltd, declared an interim dividend of Rs 100 crore for the FY 2021-22," the company [...]

Mumbai, Dec 31 (PTI) The Reserve Bank on Friday said West End Housing Finance Ltd has applied for 'on tap' licence for setting up a small finance bank. In August, Cosmea Financial Holdings Pvt Ltd and Tally Solutions, too had applied for the licence. "In continuation to the press release dated August 30, 2021, the [...]

New Delhi, Dec 31 (PTI) Insurance sector regulator Irdai has asked Go Digit General Insurance (Go Digit) to discontinue a product offering life insurance benefits in violation of regulatory norms. The Insurance Regulatory and Development Authority of India (Irdai) also asked the insurer to wthdraw advertisements regarding the product from all media. Irdai said a [...]

New Delhi, Dec 31 (PTI) Asheesh Pandey on Friday assumed the charge of executive director (ED) of Pune-based Bank of Maharashtra (BoM). Pandey replaced Hemant Kumar Tamta who demitted office after completion of his term. Prior to joining BoM, Pandey was chief general manager and chief operations officer (COO) at Union Bank of India (UBI), [...]

New Delhi, Dec 31 (PTI) State-owned SJVN on Friday said it has dispatched a turbine generator for the first unit of the 1320-MW Buxar Thermal Power Plant. SJVN Thermal Pvt Ltd (STPL), a wholly-owned subsidiary of SJVN Ltd, is implementing (2X660) 1,320-MW Buxar Thermal Power Plant in Bihar, the company said in a statement. SJVN [...]

New Delhi, Dec 31 (PTI) Customers of Ujjivan Small Finance Bank (SFB) can now earn as much as 6.75-7.50 per cent interest on their fixed deposits of up to Rs 2 crore, as the lender has increased the deposit rates with effect from Friday, according to a statement. The revised interest rates are applicable on [...]

New Delhi, Dec 31 (PTI) Multi-system operator SITI Networks Ltd on Friday said it has appointed Yogesh Sharma as its new chief executive officer, effective Saturday. The company's board in its meeting on Friday approved the appointment of Sharma as incumbent Anil Kumar Malhotra has resigned due to other professional obligations and commitments with effect [...]

New Delhi, Dec 31 (PTI) Asian Development Bank (ADB) has secured a USD 1 million (about Rs 7.4 crore) grant from Japan Fund for Poverty Reduction (JFPR) to be utilised for knowledge and technical support for an ADB-funded skill university in Assam. The Japan Fund for Poverty Reduction (JFPR) has approved a USD 1 million [...]

New Delhi, Dec 31 (PTI) Ola Electric has dispatched its electric scooters to all who have purchased and it will be opening the next purchase window very soon, Ola Chairman and Group Executive Officer Bhavish Aggarwal said on Friday. The company, which had in August this year forayed into the green mobility space with the [...]

New Delhi, Dec 31 (PTI) Serum Institute of India (SII) CEO Adar Poonawala on Friday said the vaccines major has applied to Indian authorities for full market authorisation of Covishield, stating supplies of the COVID-19 vaccine have exceeded 125 crore doses. SII had partnered with the developer of Covishield, AstraZeneca, for the supply of the [...]

London, Dec 31 (PTI) Reliance New Energy Solar Ltd (RNESL) has signed definitive agreements to acquire UK-based sodium-ion battery technology company Faradion for an enterprise value of GBP 100 million, both companies announced on Friday. RNESL, a wholly owned subsidiary of Mukesh Ambani led Reliance Industries Ltd (RIL), will acquire 100 per cent shareholding in [...]

New Delhi, Dec 31 (PTI) Tech Mahindra on Friday said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to USD 125 million.The acquisition is expected to bolster Tech Mahindra's capabilities in digital experience solutions - learning and [...]

New Delhi, Dec 31 (PTI) Home decor and furnishing startup WallMantra on Friday said it has raised Rs 2 crore from Fluid Ventures Fund in a seed round of funding.The company plans to utilise the funds for strengthening its sales and marketing capabilities and introducing aesthetically pleasing decor products for the Indian and US markets, [...]

New Delhi, Dec 30 (PTI) IndiGo shareholders on Thursday approved a special resolution to remove the clause, which gave its promoters, Rakesh Gangwal and Rahul Bhatia, the power of right of first refusal (RoFR) when one of them wanted to sell his shares, from the Articles of Association (AoA) of the airline. The passage of [...]

JK Paper President A S Mehta elected as President IPAMA New Delhi, Dec 30 (PTI) JK Paper President and Director A S Mehta and Naini Papers Managing Director Pawan Agarwal have been elected as the Indian Paper Manufacturers Association's (IPMA) president and vice-president, respectively. Both were elected in the 22th AGM of the national apex [...]

New Delhi, Dec 30 (PTI) Firstsource Solutions on Thursday said it has entered into an agreement to acquire American Recovery Services Inc (ARSI), a nationwide legal collections network headquartered in Southern California.The acquisition enhances Firstsource’s leadership in consumer debt management services by adding legal stage collections capabilities, Firstsource said in a regulatory filing."The debt collections [...]

New Delhi, Dec 30 (PTI) State Bank of India (SBI) on Thursday said it will acquire about 10 per cent stake in the India International Clearing Corporation (IICC). IICC is the first international clearing corporation set up at GIFT-IFSC that acts as a central counterparty providing clearing and settlement and risk management services. It clears [...]

New Delhi, Dec 30 (PTI) The AGM of Dish TV was held on Thursday but the outcome of the e-voting for passing resolutions, including reappointment of its director Ashok Kurien, will be known only after the permission of the Bombay High Court. Having postponed twice before, the AGM was held virtually amid the ongoing fight [...]

Mumbai, Dec 30 (PTI) EV maker Earth Energy, which is set to commence deliveries of its Glyde range of e-scooters from early next month, is looking to invest around Rs 100 crore in the next two years as the electric vehicle (EV) demand is going up exponentially going forward, its founder CEO Rushii Senghani has [...]

New Delhi, Dec 30 (PTI) Sterling and Wilson Renewable Energy (SWRE) on Thursday approved the allotment of 2.93 crore equity shares for Rs 1,099 crore to Reliance New Energy Solar Ltd. Post this transaction, Reliance New Energy Solar Ltd (RNESL), part of Reliance Industries, will hold 15.46 per cent paid-up equity share capital of SWRE. [...]

New Delhi, Dec 30 (PTI) State-run power major NTPC on Thursday said its board has approved a proposal to discontinue operation of Muzaffarpur Thermal Power Station (MTPS), Stage-I (2X110 MW) of Kanti Bijiee Utpadan Nigam Ltd (KBUNL) from September 8, 2021. "..on expiry of validity of the PPA power purchase agreement) entered into with erstwhile [...]

New Delhi, Dec 30 (PTI) Manappuram Finance on Thursday said it has raised Rs 250 crore by issuing bonds, and the amount will be utilised to pare its debt and shore up capital resources. The financial resources and management committee of the company's board of directors in its meeting on Thursday approved the allotment of [...]

New Delhi, Dec 30 (PTI) The Competition Commission of India (CCI) on Thursday approved the acquisition of over 96 per cent stake in Jindal Power by Worldone. Earlier in July, Jindal Steel & Power Limited (JSPL) had announced receiving the Rs 7,401-crore revised offer from Worldone Private Limited to acquire the 96.42 per cent stake [...]

Bangalore, Karnataka, India; Bremen, Germany (NewsVoir) Media Highlights • India-based Tamara Leisure Experiences acquires Moxy Bremen (a part of the Marriott Group) in Germany.• This is the 4th hotel acquisition by Tamara Leisure Experiences in Germany.• The hotel is located in an upcoming high-end mixed-use area Uberseestadt 3 km from the city centre.• This addition [...]

New Delhi, Dec 30 (PTI) Biocon Biologics Ltd, an arm of biotechnology major Biocon Ltd, on Thursday said its partner Viatris has won favourable decisions from a US federal court in Sanofi's challenge over unpatentability of five device patents for disposable insulin injection pen. The US Court of Appeals for the Federal Circuit (USCAFC) has [...]

New Delhi, Dec 30 (PTI) SBI Cards and Payment Services has tied up with Paytm for card tokenisation to protect data of the cardholders. SBI Card has collaborated with Paytm to enable cardholders to tokenise their cards on devices and make payments through Paytm, SBI Card said in a regulatory filing on Thursday. Tokenisation refers [...]

MUMBAI, India, Dec. 30, 2021 /PRNewswire/ -- Waaree Energies, India's leading solar PV module manufacturer, has Supplied 335 Wp modules for a project developed by RBA Power Pvt. Ltd. The size of the project is 1.51 MW located at Tuticorin, TN, India. Waaree has supplied 1.51 MW of poly solar modules for this. The project [...]

New Delhi, Dec 30 (PTI) NTPC-SAIL Power Company Ltd (NSPCL), a joint venture of NTPC & SAIL, has paid the second interim dividend of Rs 45 crore for 2021-22 towards NTPC’s 50 per cent share, a company statement said. On Wednesday, NSPCL CEO Debasish Chattopadhyay presented a cheque to the Chairman & Managing Director of [...]

New Delhi, Dec 30 (PTI) Jammu & Kashmir Bank on Thursday said Baldev Prakash has taken charge as the Managing Director & CEO of the bank from December 30, 2021. On Tuesday, Jammu & Kashmir Bank had said that its board of directors appointed Baldev Prakash as the MD & CEO for three years, to [...]

Mumbai, Dec 30 (PTI) Electric vehicle maker Omega Seiki Mobility (OSM) has joined hands with Indira Gandhi Delhi Technical University for Women (IGDTUW) to set up a centre of excellence and an R&D (research and development) centre, the company said in a statement on Thursday. Under the alliance, OSM will work on design, simulation, testing, [...]

New Delhi, Dec 30 (PTI) Consumer durable maker Haier Appliances India on Thursday said Satish N S will take over as President of the company, as incumbent Eric Braganza is going to retire on January 1, 2022. Braganza, who served Haier for almost 12 years, will continue to serve as a consultant with the brand, [...]

New Delhi, Dec 30 (PTI) State-owned power giant NTPC arm NTPC Renewable Energy Ltd (NREL) will float a global engineering procurement and construction tender to set up a 3GW renewable energy project with a battery storage system worth around Rs 15,000 crore by February 2022, according to a senior official."The NREL has decided to float [...]

New Delhi, Dec 30 (PTI) Granules India Ltd on Thursday said it has received approval from the US health regulator for its generic Amphetamine mixed salts indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and narcolepsy. The approval granted by the US Food and Drug Administration (USFDA) to Granules Pharmaceuticals, Inc (GPI), a [...]

New Delhi, Dec 29 (PTI) Union Ports, Shipping and Waterways Minister Sarbananda Sonowal on Wednesday said the construction of Pandu ship repair facility in Guwahati will start from May 2022, and added that the government aims to complete the project by 2024. The ports, shipping and waterways ministry in a statement said Sonowal met the [...]

Mumbai, Dec 29 (PTI) German company ZF said on Wednesday said it has acquired an additional one per cent stake in its JV with Rane Group -- Rane TRW Steering Systems -- to become a majority stakeholder in the company.Till now, both partners held equal shares in the company, and after buying out an additional [...]

New Delhi, Dec 29 (PTI) DS Nanaware has taken charge as Director (Pipelines) of India's largest oil company, IOC, the firm said on Wednesday. Nanaware is a mechanical engineering graduate from Walchand College of Engineering, Sangli in Maharashtra. He has a varied experience of over 36 years.He is also the Chairman of IHB Ltd -- [...]

New Delhi, Dec 29 (PTI) State-owned power producer SJVN Ltd on Wednesday said it will invest Rs 60,000 crore to harness 5,097 megawatts (MW) of hydropower in Arunachal Pradesh. SJVN Chairman and Managing Director Nand Lal Sharma held a meeting on Wednesday with Arunachal Pradesh Deputy Chief Minister Chowna Mein in New Delhi to discuss [...]

New Delhi, Dec 29 (PTI) Toyota Kirloskar Motor (TKM) on Wednesday announced organisational changes with effect from January 1, 2022.Key resources have been aligned and assigned responsibilities in a way, so as to drive synergy and efficiency throughout the organisation, the automaker said in a statement.As part of the senior level restructuring, the company has [...]

Mumbai, Dec 29 (PTI) Education infrastructure start-up Teachmint on Wednesday announced the acquisition of Airlearn, a video engagement platform for education businesses, in a cash-and-stock deal to expand its developer offerings. With this deal, Teachmint strengthens its developer offering called Teachstack, enabling edtech companies across the globe to build state-of-the-art classroom solutions for their users, [...]

New Delhi, Dec 29 (PTI) State-run REC on Wednesday said that its arm REC Power Development and Consultancy (RECPDCL) has handed over special purpose vehicle Kallam Transmission Ltd to a consortium of infrastructure investment trust IndiGrid firms. The SPV has been set up for the construction of a transmission system for evacuating power from RE [...]

Mumbai, Dec 29 (PTI) Bajaj Auto Ltd on Wednesday said it will set up an electric vehicle manufacturing facility at Akurdi in Pune with an investment of Rs 300 crore. The facility, for which the work has already commenced, will have the capacity to produce 5,00,000 Electric Vehicles (EVs) per annum and cater to both [...]

New Delhi, Dec 29 (PTI) Amara Raja Batteries on Wednesday said it plans to invest in InoBat Auto, a European technology developer and manufacturer of premium innovative batteries for e-mobility. The initial investment will give the company a key foothold in the thriving European EV ecosystem, where multiple battery gigafactories are being set up to [...]

New Delhi, Dec 29 (PTI) State-run power giant NTPC plans to rope in a strategic investor for its clean energy arm NTPC Renewable Energy Ltd (NREL) ahead of its listing on bourses in October 2022, according to a senior official. The listing of NREL is part of the state-run power giant's overall Rs 15,000-crore divestment [...]

MUMBAI, India, Dec. 28, 2021 /PRNewswire/ -- Waaree Energies, India's leading solar PV module manufacturer, has Supplied 335 Wp Poly solar modules for a project developed by Avanti Renewable Energy Private Limited. The size of the project is 1.56 MW located at Survey No- 105/2, Hothragondahalli village, Mathodu Hubbli Kerehalli Post, Chitradurga district - 577533, [...]

New Delhi, Dec 28 (PTI) Jammu & Kashmir Bank on Tuesday said its board of directors has appointed Baldev Prakash as the MD & CEO for three years. The board of directors in the meeting held on December 28 has appointed Baldev Prakash as Managing Director & Chief Executive Officer of the bank for a [...]

New Delhi, Dec 28 (PTI) Drug major Sun Pharmaceutical Industries on Tuesday said it is planning to set up a new manufacturing facility in Andhra Pradesh.The Mumbai-based drug maker's founder Dilip Shanghvi and his team met Chief Minister of Andhra Pradesh YS Jagan Mohan Reddy to discuss the progress of the pharmaceutical sector and the [...]

New Delhi, Dec 28 (PTI) Natco Pharma on Tuesday said it plans to launch its version of antiviral drug Molnupiravir capsules for the treatment of COVID-19 this week. The company has received approval for Molnupiravir capsules (200 mg), which would be sold under brand name Molnunat in the country, the drug firm said in a [...]

Mumbai, Dec 28 (PTI) Dalmia Bharat subsidiary DCBL on Tuesday said it has launched an e-truck initiative with the deployment of two of the 22 proposed high capacity electric trucks in the fleet and the remaining would be inducted within this fiscal. Additionally, the company has commissioned two charging stations at its Rajgangpur Unit in [...]

Mumbai, Dec 28 (PTI) Data marketplace start-up MetaMap (formerly Mati) on Tuesday said it has raised Rs 530 crore in Series B funding led by Tribe Capital. Craft Ventures, Alameda Research (FTX), Titan Capital and angel investors including Jerry Murdock, founder of Insight Partners, also participated in the funding round. The new capital brings the [...]

New Delhi, Dec 28 (PTI) Strides Pharma Science Ltd on Tuesday said it will immediately launch its generic Molnupiravir, indicated for high-risk adult patients with COVID-19, in India under the brand Stripiravir.The company has received Emergency Use Authorisation from the Drugs Controller General of India (DCGI) to launch Molnupiravir 200mg, an oral medication for COVID-19, [...]

New Delhi, Dec 28 (PTI) Dr Reddy's Laboratories on Tuesday said it will soon introduce antiviral drug Molnupiravir capsules (200mg) for the treatment of adult patients with COVID-19 across the country. The Hyderabad-based firm said it will introduce the drug under the brand name Molflu in India. The company has received emergency-use authorisation from the [...]

New Delhi, Dec 28 (PTI) Hyderabad-based pharmaceuticals firm Hetero on Tuesday said it has received permission from the Drug Controller General of India (DCGI) for manufacturing and marketing Molnupiravir capsules of 200 mg strength that is used to treat high-risk COVID-19 adult patients. The company will market the capsule under the brand Movfor. It will [...]

Hyderabad, Dec. 28 (PTI): Optimus Pharma on Tuesday said it would be launching its frontline COVID-19 medication Molnupiravir in the Indian market in a day or two, as the drug maker has received permission from the Drug Controller General of India for restricted emergency use for virus. Optimus Pharma in a press release said it [...]

New Delhi, Dec 28 (PTI) State-owned CESL has achieved a milestone of 50 lakh LED bulb distribution under the flagship Gram Ujala programme. Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), has achieved a remarkable milestone of distributing 50 lakh LED bulbs under the Project Crore of their Gram [...]

New Delhi, Dec 28 (PTI) Odisha-based microfinance lender Annapurna Finance has raised Rs 260 crore (USD 35 million) from a clutch of investors to mainly fund its digital transformation and green financing.Annapurna Finance said the USD 35 million investment from Encourage Capital, Accion, and existing investor Oikocredit is the third fundraising during 2021.After attracting a [...]

New Delhi, Dec 28 (PTI) Power transmission infrastructure developer Sterlite Power on Tuesday said it has acquired the Nangalbibra-Bongaigaon inter-state transmission project from PFC Consulting. Nangalbibra-Bongaigaon Transmission Ltd is a Special Purpose Vehicle (SPV). Through this SPV, the company will execute the inter-state transmission system (ISTS) project which it won through tariff-based competitive bidding (TBCB) [...]

New Delhi, Dec 28 (PTI) Toyota Kirloskar Auto Parts Pvt Ltd (TKAP) on Tuesday announced a top level management change with K N Prasad set to takeover as its managing director.Currently, Prasad is serving as the senior vice president of the company. He will take charge from K G Mohan Kumar after getting appointed by [...]

New Delhi, Dec 28 (PTI) Pharmaceuticals firm Granules India Ltd on Tuesday said it has received approval from the US health regulator for its generic Prazosin Hydrochloride capsules used for the treatment of high blood pressure. The US Food & Drug Administration (USFDA) granted approval to the abbreviated new drug application (ANDA) filed by Granules [...]

Acquisition to fast-track MOL's foray into Titanium Dioxide (TiO2) AHMEDABAD, India, Dec. 27, 2021 /PRNewswire/ -- Meghmani Organics Limited (MOL) today announced that it has completed an acquisition of Kilburn Chemicals Limited (KCL). MOL paid INR 132 Crores (including INR 12.15 Crores towards equity subscription) as per the National Company Law Tribunal (NCLT) approved resolution [...]

New Delhi, Dec 27 (PTI) The Reserve Bank of India has approved the re-designation of Rajiv Anand as the Deputy Managing Director of Axis Bank, the lender said on Monday. In October this year, the board of directors of the bank approved to re-designate Rajiv Anand as the Deputy Managing Director of the bank, subject [...]

New Delhi, Dec 27 (PTI) Inox Wind's board has decided to issue 10.62 lakh convertible warrants at an issue price of Rs 847 per unit to raise up to Rs 90 crore in its meeting held on Monday. "The board of directors of Inox Wind Energy Ltd at its meeting held today i.e. December 27, [...]

New Delhi, Dec 27 (PTI) Cigarette maker Godfrey Phillips India on Monday announced the appointment of Sharad Aggarwal as Chief Executive Officer.Aggarwal (50), who is taking over from Bhisham Wadhera, will be reporting to Godfrey Phillips India President and Managing Director Bina Modi, the company said in a statement.Wadhera, who has been at the helm [...]

New Delhi, Dec 27 (PTI) JSW Group on Monday announced an initiative to provide up to Rs three lakh incentive to its employees to buy electric vehicles across India from January 1 next year."Aligned with India’s Nationally Determined Contributions (NDCs) and Sustainable Development Scenarios (SDS) of The International Energy Agency (IEA), Mumbai-based multi-billion-dollar conglomerate The [...]

Mumbai, Dec 27 (PTI) Amid the surge in Omicron cases, the Hotel and Restaurant Association of Western India (HRAWI) on Monday said it has issued an advisory to its members on strictly following guidelines notified by the Maharashtra government. The advisory requests all F&B (food and beverages) establishments to display prominently, as per their licences [...]

Mumbai, Dec 27 (PTI) Amid concerns over the health of RBL Bank, RBI on Monday assured depositors and stakeholders that the private sector lender is "well capitalised" and that its financial position is satisfactory even as shares of the bank witnessed a sell off. In a raft of developments in the past few days, Reserve [...]