GAIL (India) Ltd on Thursday said it will buyback about 5.7 crore shares for Rs 1,083 crore as it looks to use its healthy balance sheet to reward shareholders for the second time in as many years. GAIL had in 2020-21 spent Rs 1,046.35 crore on a similar share buyback. The board of directors of [...]
MUMBAI, MAR 31, (PTI) Money Market Operations as on MAR 30. (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 453,815.35 3.37 0.01-3.70 I. Call Money 11,484.75 3.27 2.20-3.60 II. Triparty Repo 339,887.25 3.38 3.10-3.45 III. Market Repo 102,443.35 3.34 0.01-3.70 IV. Repo in [...]
New Delhi, Mar 31 (PTI) Toyota Kirloskar Motor (TKM) on Thursday said its iconic SUV model Hilux is priced between Rs 33.99 lakh and Rs 36.8 lakh (ex-showroom) across the country. Launched earlier this year, the Hilux is aimed to fulfil the needs of the customers seeking a lifestyle utility vehicle that is best suited [...]
New Delhi, Mar 31 (PTI) The Indian auto component industry is expected to clock 8-10 per cent growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, according to rating agency Icra.For 2021-22, the revenue growth of the industry is pegged at 13-15 per cent, [...]
The shares of ITC Limited surged 19% in March, which is the highest in 16 months, even as its peers dropped on fears of margin pressure due to rising input costs. The shares are currently trading at ₹ 250.55. Many FMCG stocks such as Godrej Consumer, Nestle India, Hindustan Unilever, Marico and Dabur India were [...]
New Delhi, Mar 31 (PTI) Electric two-wheeler maker Ultraviolette on Thursday said it has acquired Triloki Smart Systems, a connected vehicle technology start-up. The acquisition of Triloki Smart Systems, a Bangalore-based technology start-up, is part of the strategy to push towards scaling up the company's automotive intelligence platform (AIP) across multiple products and geographies, Ultraviolette [...]
New Delhi, Mar 31 (PTI) Private equity firm Bain Capital on Thursday said it will acquire a 24.98 per cent stake in IIFL Wealth Management Limited for Rs 3,679 crore.BC Asia Investments X Limited, a subsidiary of Bain Capital, has proposed to pick up a 2.2 crore stake held by General Atlantic Singapore Fund Pte [...]
New Delhi, Delhi, India (NewsVoir) Max Life Insurance Co. Ltd. (“Max Life”/“Company”), announced that its ecommerce channels have achieved 8x growth over the last four years. Currently, the Company has over 18% of its new policies being purchased through the e-commerce channels. The contribution of aggregators and online-brokers is 65%. With the insurance industry projected [...]
Saarthi-FX offers infinite possibilities with innovative tech-first solutions. Whether it’s safe RTW, Smart Occupancy Management, Intelligent Building Management System (iBMS), or Drone enabled building Inspection & Surveillance, Saarthi-FX transforms workspaces through tech. Delhi, India – Business Wire India Compass Group India, a leading support services provider has launched Saarthi-FX, a revolutionary workplace management solution. Aligning [...]
New Delhi, Mar 31 (PTI) FMCG maker Procter & Gamble India on Thursday said it has become a 'plastic waste neutral' company in FY 2021-22, after having recycled 100 per cent of post-consumer plastic packaging waste. The company, which has a portfolio of power brands including Ariel, Tide, Whisper, Gillette, Oral B, head & shoulders [...]
• HealthQuad is the largest dedicated healthcare VC fund in India • Oversubscribed HealthQuad Fund-II will nurture innovative healthcare models in India • The fund has already invested in seven companies including Medikabazaar, THB, Impact Guru, Stanplus, Ekincare, Qure.ai and HealthifyMe NEW DELHI, March 31, 2022 /PRNewswire/ -- HealthQuad, India's leading healthcare venture capital fund, [...]
~The #BeautyInSafety campaign takes the first step towards visibility and equal opportunities for transgender people in India~ MUMBAI, India, March 31, 2022 /PRNewswire/ -- Kaya, India's leading skincare and largest dermatologist network enabled brand, recently unveiled a new identity, symbolic of a strategic realignment with its ever-growing young consumer base. Punctuated by this new purpose-fuelled [...]
Flagship crowd-sourcing platform enters its third year New Delhi, Delhi, India – Business Wire India Aligned with its Mission to “Create, Collaborate Inspire”, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today announced the sixth edition of Hero CoLabs, its flagship crowd-sourcing platform. With overwhelming response from participants during the past two years, [...]
New Delhi, Mar 31 (PTI) Jaguar Land Rover (JLR) on Thursday said it has committed to cut 46 per cent greenhouse gas emissions across its operations by 2030.In addition, the Tata Motors-owned automaker will reduce average vehicle emissions across its value chains by 54 per cent, including a 60 per cent reduction throughout the use [...]
Shares of Axis Bank gained nearly 2 per cent in morning trade on Thursday, after the company said it will acquire US-based Citi's consumer business in India for Rs 12,325 crore. The stock jumped 1.82 per cent to Rs 763.90 on the BSE. At the NSE, it gained 1.67 per cent to Rs 763. Axis [...]
Apollo Tyres on Thursday said it is cooperating with the investigation by the Competition Commission of India (CCI), asserting that it has acted in compliance with competition laws. CCI officials visited the offices of Apollo Tyre on Wednesday. Another tyre maker Ceat Ltd had also confirmed a visit by the officials of the anti-trust regulator [...]
New Delhi/Mumbai, Mar 31 (PTI) American banking major Citi has joined a long list of foreign banks that have either exited or cut down on their business presence in India with the sale of its consumer banking business to Axis Bank for Rs 12,325 crore. Except for Singaporean lender DBS Bank, which has expanded its [...]
• Both chair variants include smart integrations of The Sleep Company's patented SmartGRID technology and have received 250+ early-bird bookings just 3 days after its online preview • Designed as an orthopaedic seating solution, the Onyx chair has been created for advanced back support while the aesthetics of the Aristo Chair offers a luxurious feel [...]
