MUMBAI, India, March 31, 2022 /PRNewswire/ -- Indian film actor and producer, Sanjay Kapoor announces his partnership with UK based charitable institute Wells on Wheels (WOW) founded by dental marketer Shaz Memon. As part of this association, Sanjay Kapoor will commit towards the goal of upliftment of rural areas in India with a vision to [...]
BENGALURU, India, March 31, 2022 /PRNewswire/ -- Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed definitive agreements to acquire 64.40% of shares of Saankhya Labs Private Ltd. Bangalore ("Saankhya") for INR 283.94 Cr in cash. The initial acquisition of Saankhya shares is expected to close within the next 90 days. Tejas [...]
Tata Group firm Tejas Networks will acquire 64.40 per cent stake in semiconductor firm Saankhya Labs Pvt Ltd for Rs 283.94 crore in an all-cash deal. The initial acquisition of Saankhya shares is expected to close within the next 90 days, Tejas said in a statement. "Tejas Networks, upon procuring all necessary consents and approvals, [...]
London, Mar 31 (PTI) Deepening security and defence ties with India and the importance of all countries reducing strategic dependency on Russia in light of the Ukraine conflict will be the focal points of discussions when British Foreign Secretary Liz Truss arrives in New Delhi on Thursday.The UK Foreign, Commonwealth and Development Office (FCDO) said [...]
Kolkata, Mar 30 (PTI) Damodar Valley Corporation (DVC) on Wednesday said it signed a joint venture agreement with NTPC Renewable Energy Ltd, a fully owned subsidiary of the NTPC Limited, for renewable power projects in its command area.DVC will hold 49 per cent and NTPC Renewable will hold 51 per cent in the JV company [...]
New Delhi/Mumbai, Mar 30 (PTI) American banking major Citi on Wednesday 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 [...]
New Delhi, Mar 30 (PTI) Sebi Chairperson Madhabi Puri Buch on Wednesday said that India is well positioned to leverage technology in the securities market to deliver customised solutions at a very low cost to individuals across the country as she launched an ideathon to promote innovation. Launching the ideathon 'Manthan', Buch highlighted that adoption [...]
New Delhi, Mar 30 (PTI) The government rejected an application for the import of refurbished Apple iPhone and iPads as it will expedite e-waste generation in the country, Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Lok Sabha said that under the Foreign [...]
Mumbai, Mar 30 (PTI) Axis Bank on Wednesday said it will acquire US-based Citi's consumer business in India for Rs 12,325 crore in one of the largest deals in the Indian financial services space which will help it close the gap with larger peers like ICICI Bank and HDFC Bank. The two lenders signed a [...]
Beijing, Mar 30 (PTI) China on Wednesday acceded to Pakistan's request to rollover a whopping USD 4.2 billion debt repayment to provide a major relief for its all-weather ally, which is reeling under major economic crisis.Chinese Foreign Minister Wang Yi in his meeting with Pakistan counterpart Shah Mehmood Qureshi on the sidelines of the 3rd [...]
Beijing, Mar 30 (PTI) Chinese Foreign Minister Wang Yi in his talks with his Pakistani counterpart Shah Mehmood Qureshi on Wednesday cautioned against the emergence of "bloc confrontation" in Asia and underlined that small and medium countries in the region must not be allowed to become "tools or victims" of major-country rivalry. Wang who has [...]
New Delhi, Mar 30 (PTI) Tata Motors on Wednesday said TPG Rise Climate has subscribed to 3.75 crore compulsorily convertible preference shares worth Rs 3,750 crore as the first tranche of the proposed investment of Rs 7,500 crore in its passenger electric vehicle business. Last year in October, Tata Motors had announced that it would raise [...]
New Delhi, Mar 30 (PTI) Sebi on Wednesday imposed penalties totalling Rs 8 lakh on five individuals for various violations with respect to funds raised by Tirupati Fincorp Ltd through preferential allotment of shares back in 2013. The matter pertains to suspected misutilisation of funds raised by Tirupati Fincorp Ltd through preferential allotment of equity [...]
Jaipur, Mar 30 (PTI) Rajasthan Chief Minister Ashok Gehlot on Wednesday approved a 3 per cent increase the dearness allowance of state employees and pensioners on the lines of central government employees. According to a government spokesperson, now 34 per cent dearness allowance will be payable to state employees and pensioners from January 1, 2022. [...]
New Delhi, Mar 30 (PTI) The Income Tax Department on Wednesday said non-linking of PAN with Aadhaar by March 31 would attract penalty of up to Rs 1,000, but such PAN will remain functional for one more year till March 2023, for filing ITR, claiming refunds and other I-T procedures. The Central Board of [...]
New Delhi, Mar 30 (PTI) Tyre maker Ceat Ltd on Wednesday said that officials of Competition Commission of India (CCI) visited its office for a 'routine enquiry' but denied any wrongdoing in the conduct of the company's business."The CCI officials visited the Ceat office today for a routine enquiry. As a responsible corporate, we are [...]
Kolkata, Mar 30 (PTI) The hotel industry in the country which bore the brunt during the COVID-19 pandemic is on the path of recovery with higher occupancy, increased average room rates (ARR) and spurt in merger and acquisition deals, a study said on Wednesday.Domestic leisure travel is the driving force behind the road to recovery [...]
New Delhi, Mar 30 (PTI) The Project Monitoring Group (PMG) has reviewed as many as 374 high impact infrastructure projects worth around Rs 17 lakh crore in 2021-22 financial year, the Ministry of Commerce and Industry said on Wednesday. PMG is an unique institutional mechanism to facilitate resolution of issues in infrastructure projects with investments [...]
New Delhi, Mar 30 (PTI) Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis Bank for an estimated Rs 12,325 crore. Global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of [...]
New Delhi, Mar 30 (PTI) Markets regulator Sebi on Wednesday provided clarity on the applicability of new norms for related party transactions, saying companies need not seek fresh approval from shareholders in case such deals were cleared prior to April 1. The watchdog has issued a circular on Related Party Transactions (RPTs) norms amid calls [...]
