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Route Mobile to buy Teledgers’ blockchain, DLT platform for about Rs 130 cr

New Delhi, May 2 (PTI) Enterprise communications service provider Route Mobile will acquire the artificial intelligence-based blockchain and DLT platform of Teledgers Technology for over Rs 130 crore, according to a regulatory filing. Under the agreement, Route Mobile subsidiary Route Ledger will pay Rs 4.9 crore as advance to Teledgers within 30 business days of [...]

Sebi asks bourses, MIIs to submit info on major non-compliances in systems, network audit

New Delhi, May 2 (PTI) Markets regulator Sebi on Monday asked stock exchanges and other Market Infrastructure Institutions  (MIIs) to submit information pertaining to exceptional major non-compliances observed in the systems and network audit. The systems and network audit report will be placed before the governing board of the MII concerned. Later, the report along with [...]

CCPA gets several consumer complaints against cab aggregators; calls meeting next week

New Delhi, May 2 (PTI) Amid a rise in customer complaints against cab aggregators, consumer protection regulator CCPA has called a meeting of ride-hailing platforms like Ola and Uber next week for seeking details about their policies related to pricing and cancellation of rides. Speaking to PTI, Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi [...]

Yatra launches feature to estimate flights’ carbon emissions

New Delhi, May 2 (PTI) Travel services provider Yatra Online Inc on Monday said it has introduced a feature on its flight booking platform that will estimate carbon emissions of each flight it displays as a step towards promoting sustainable travel. The feature will highlight carbon emissions and environmental impact of the flights, enabling consumers [...]

L&T Finance explores exiting realty projects lending biz

Mumbai, May 2 (PTI) L&T Finance is exploring "inorganic structures" to exit the real estate projects lending business or at least reduce its exposure in the segment by partnering with other financiers, a top company official said on Monday. The company is also looking to partner with dedicated funds to create a platform which will [...]

Ageas Federal Life Insurance clocks Rs 94 cr net profit for FY22

New Delhi, May 2 (PTI) Private sector insurer Ageas Federal Life Insurance (AFLI) on Monday said it has posted a net profit of Rs 94 crore for the fiscal year ended March 2022. This is the 10th consecutive year of profit for the company since it first declared profit in FY2012-13, Ageas Federal Life said [...]

National Open Access Registry goes live

New Delhi, May 2 (PTI) The National Open Access Registry (NOAR), which is common automated technology platform for all stakeholders, including open access participants, traders and power exchanges, has gone live from May 1, the power ministry said on Monday. The NOAR has been designed as an integrated single window electronic platform accessible to all [...]

Bank of Baroda cuts interest rate on car loans to 7 pc

Mumbai, May 2 (PTI) State-run Bank of Baroda on Monday announced a 25 basis points (bps) reduction in its car loan interest rates to 7 per cent per annum from 7.25 per cent earlier. The lender also said it has reduced processing charges to a flat Rs 1,500 plus GST for a limited period up [...]

India extends its current credit line to Sri Lanka by USD 200 million to procure fuel: Power Minister

Colombo, May 2 (PTI) India has extended its current credit line by a further USD 200 million to replenish Sri Lanka’s rapidly depleting fuel stocks, Power and Energy Minister Kanchana Wijesekera said on Monday. Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948. The crisis [...]

Private operator gets nod to run electric buses on Bhopal-Indore route

Bhopal, May 2 (PTI) The Madhya Pradesh transport authority has granted permission to a private operator to run air-conditioned electric buses between Bhopal and Indore. The move is expected to cut carbon emissions by reducing the number of vehicles using conventional fuel on the busy three-hour route. 'NueGo', inter-city premier AC electric bus service from [...]

Scorching heat leads to record sales of residential air conditioners in April

New Delhi, May 2 (PTI) The early arrival of summer and the subsequent heat wave have led to soaring demand for residential air conditioners, with manufacturers such as Voltas, Panasonic, Hitachi, LG and Haier posting record sales in April. The sales have also been boosted by pent-up demand and a low base of April last [...]

Tata Chemicals shares jump nearly 10 pc on higher earnings

New Delhi, May 2 (PTI) Shares of Tata Chemicals on Monday jumped nearly 10 per cent after the company reported a multi-fold rise in consolidated profit after tax for the quarter ended March. The stock rallied 9.89 per cent to settle at Rs 1,033.75 apiece on the BSE. During the day, it zoomed 11.37 per [...]

Bajaj Finance Fixed Deposit Offers a Safe Investment Option with Interest Rates up to 7.35 percent p.a.

Pune, Maharashtra, India (NewsVoir) For many investment options, market volatility affects the returns, but this is not the case with fixed deposits. FD interest rates are fixed, making it an excellent choice for investors to inject stability into their portfolios. These rates are crucial in deciding where to invest, and investors have several issuers to [...]

Asian Paints and St+art India Foundation Launch St+art Care with the First Initiative at a Children’s Hospital in Noida

Noida, Uttar Pradesh, India (NewsVoir) • St+art care will be an annual initiative to bring art to various public institutions • The first hospital to benefit from this project is The Post Graduate Institute of Child Health (an autonomous Institute under the Govt. of UP), located in Sector 30, Noida. St+art India Foundation in collaboration [...]

Founder of Chitkara’s Incubated EdTech Startup Dr. Neha Tuli, Felicitated with STPI’s Women Entrepreneur of the Year Award at TIECON 2022

Chandigarh, India (NewsVoir) Dr. Neha Tuli, Founder of 6DOF Solutions Pvt. Ltd. (an EdTech startup) incubated by Chitkara University, Punjab, was honoured with the prestigious ‘Women Entrepreneur of the year’ award by Software Technology Parks of India, Mohali & TIECON 2022 at its Annual STPI Awards 2022. TIECON is the world's largest technology conference designed [...]

Realty firm TARC raises Rs 1,330 cr to repay entire loans

New Delhi, May 2 (PTI) Realty firm TARC Ltd on Monday said it has raised Rs 1,330 crore through the issue of non-convertible debentures to retire the entire loans of the company. In a regulatory filing, TARC Ltd, formerly Anant Raj Global Ltd, informed that the company has "successfully raised Rs 1,330 crores by way [...]

Jaishankar meets German counterpart Baerbock in Berlin, reviews bilateral cooperation

Berlin, May 2 (PTI) External Affairs Minister S Jaishankar met his German counterpart Annalena Baerbock on Monday and the two leaders reviewed the bilateral cooperation and discussed the Russia-Ukraine conflict and the Indo-Pacific. Jaishankar, who is here as part of Prime Minister Narendra Modi’s delegation, said that he had “good conversation” with Minister for Foreign [...]
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