Mumbai, Mar 30 (PTI) With Axis Bank taking over retail banking operations of Citibank in India, 30 lakh account and credit card holders of the US banking giant will have to indicate if they are willing to migrate their business to the new owner. If the customers agree to Axis managing their business, their accounts, [...]
Chennai, Mar 30 (PTI): Danfoss Group company, Eaton Fluid Power, on Wednesday inaugurated a new hydrostatics production line at its facility in Pune aimed at increasing the localisation levels and cater to the demand in the local market. The state-of-the-art facility at its Pune Pimpri campus would help the customers to improve the response time [...]
New Delhi, Mar 30 (PTI) Consumer durables maker Usha International on Wednesday said it has signed an agreement with Japanese sewing machine company Janome Corporation, extending their collaboration for the next 20 years. Usha International and Janome Corporation had started their partnership in 1993 with the Indian firm marketing Janome machines in the domestic market. "This [...]
New Delhi, Mar 30 (PTI) The government on Wednesday approved issuance of the 20th tranche of electoral bonds that will open for sale from April 1 to 10. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. However, Opposition [...]
New Delhi, Mar 30 (PTI) IT startup Builder.ai has raised USD 100 million (around Rs 750 crore) in a funding round led by New York-based global venture capital and private equity firm Insight Partners. The Series C round, which brings the company’s total funding to USD 195 million across three total rounds, includes participation from [...]
New Delhi, Mar 30 (PTI) Steel major Tata Steel on Wednesday said it will acquire ferro alloys producing assets of Odisha-based Stork Ferro and Mineral Industries for Rs 155 crore in an all-cash deal. In this regard, an Asset Transfer Agreement has been signed between the two companies on Wednesday, a regulatory filing said. Tata [...]
New Delhi, Mar 30 (PTI) A consortium of seven banks will disburse Rs 1,500 crore loans to complete the construction of stalled projects of erstwhile Amrapali group, following a direction by the Supreme Court. The state-owned NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali [...]
New Delhi, Mar 30 (PTI) India's manufacturing sector needs quality enhancement to become more competitive globally, MSME Minister Bhanu Pratap Singh said on Wednesday. Speaking at the PHDCCI 2nd International Conference on Defence & Security here, the minister said that there is a need to bring defence manufacturing in the chain of Make in India [...]
New Delhi, Mar 30 (PTI) The government's sale of 1.5 per cent stake in ONGC on Wednesday saw institutional buyers putting in bids worth Rs 4,854 crore -- three and half times their quota -- but the company's share took a beating on stock exchanges, falling 5.14 per cent and eroding shareholders' value. The government [...]
New Delhi, Mar 30 (PTI) Telecom operators owe over Rs 1.65 lakh crore to the government in adjusted gross revenue up to financial year 2018-19, Parliament was informed on Wednesday. According to data shared by Minister of State for Communications Devusinh Chauhan, liability of telecom operators has increased compared to the previous order with calculation [...]
New Delhi, Mar 30 (PTI) Realty firm Godrej Properties Ltd on Wednesday said it has acquired a 9 acres land parcel in Pune to develop a housing project with an estimated revenue of Rs 1,400 crore. The project located at Pimpri-Chinchwad in Pune will have a developable potential of about 1.7 million square feet of [...]
New Delhi, Mar 30 (PTI) In the wake of partial collapse of a residential tower in Gurugram, the Central Advisory Council (CAC), constituted under the RERA Act, 2016, will meet on April 12 to discuss measures to ensure structural safety in high-rise buildings and prevent loss of life as well as property, besides considering a [...]
New Delhi, Mar 30 (PTI) Markets regulator Sebi on Wednesday came out with timelines for rebalancing of portfolios of mutual fund schemes in order to bring uniformity. Issuing a circular, the watchdog said the rebalancing period will be applicable in the event of deviation from mandated asset allocation mentioned in the Scheme Information Document (SID) [...]
New Delhi, Mar 30 (PTI) The National Company Law Tribunal (NCLT) has ordered initiation of insolvency proceedings against realty firm Santasha Real Estate. The order came on a plea filed by Vani Advertising, an operational creditor to the company that has claimed a default of Rs 40.77 lakh. Admitting the plea, a two-member New Delhi [...]
Special Initiative “Bowl of Hope” to mark Whole Grain Sampling Day 2022 launched New Delhi,India – Business Wire India • Bowl of Hope aims at creating awareness about whole grains and its importance in daily diets.• The initiative aligns with FSSAI’s Eat Right Movement.• Bowls of whole grains to be provided to underserved communities across [...]
An exemplary portrayal of every Indian’s dream to punish the criminals who bled India by forceful occupation under British rule. The play is enacted posthumously depicting Britain, being ruled over by India New Delhi, Delhi, India (NewsVoir) A patriotic evening complimented with a never seen before play “The Buckingham Palace Trials” was organized by Bharat [...]
US bank Citigroup on Wednesday announced sale of its Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans, to private lender Axis Bank for Rs 12,325 crore, as part of its plans to exit retail operations in 13 markets. The deal, which is expected to close in the first half [...]
Mumbai, Maharashtra, India – Business Wire India Mumbai based Technocrats Kohlhauer Infrastructure Pvt. Ltd. is a name synonymous with noise barriers. The company has been an innovator and pioneer in noise barrier technology and have installed more than 60,000 sq metre of noise barriers across India. In the financial year 22-23, the company plans to [...]
After the record USD 23 billion of additional investments in the domestic equities in FY21, foreign funds have massively slashed their fresh exposure to the country to USD 3.7 billion in FY22, also pairing down their holdings in NSE500 to 19.9 per cent or worth USD 582 billion, down from their peak of 21.4 per [...]
New Delhi, Delhi, India (NewsVoir) The DS Group Headquarters situated at NCR, houses the corporate office, an R&D centre and state-of-art manufacturing facilities for Confectionery, Flavours & Fragrances and Edible Gold & Silver embellishments. It has been awarded Leadership in Energy and Environmental Design (LEED) Platinum certification, under the USGBC (US Green Building Council) existing [...]
