Business and financial news
Mumbai: Fairfax-backed Mumbai-based non-banking financial company (NBFC) IIFL Finance has fully repaid its maiden dollar bonds issue due April 2023 along with interest upon maturity, a press release said.
New Delhi/IBNS: Power Finance Corporation Ltd (PFC) has sanctioned a loan of Rs 633 crores to Gensol Engineering Ltd (GEL) for the purchase of 5000 passenger Electric Vehicles (EVs) and 1000 cargo EVs.
Guwahati/IBNS: The "mPowerBusinessWomen Meet" was held on April 17 at Assam Startup- the nest in Guwahati, in partnership with Assam Startup- IIM CIP. The event aimed to enhance the capabilities of women-led enterprises and women collectives in expanding their businesses.
Kolkata/IBNS: Schneider Electric’s new factory is all set to come up in Kolkata’s Prospace Industrial Park Pvt Ltd at an investment of Rs 140 crore.
Mumbai: Backed by consumption-led lending, growth momentum remains high in India’s credit market, according to the latest TransUnion CIBIL Credit Market Indicator (CMI) report.
New Delhi/IBNS: Apple CEO Tim Cook welcomed customers to India's second Apple retail store in New Delhi’s Saket.
New Delhi/IBNS: Apple CEO Tim Cook welcomed customers to India's second Apple retail store in New Delhi’s Saket.
San Francisco: Twitter CEO Elon Musk said on Wednesday that Microsoft corporation illegally trained its artificial intelligence (AI) algorithm with Twitter user data, which calls for legal action.
Dhaka/IBNS: To ease cross-country transactions and pressure on dollar holdings, India and Bangladesh have agreed to settle a part of bilateral trade transactions in their own currencies- rupee and taka respectively, according to a Bangladesh media report.
Bengaluru: The demand for specific technology skills is consistently rising even across non-tech industries. ERP, Java Full Stack, Data Analytics, Cloud, and Infra Management have emerged as the top skills in demand, according to a report.
Gandhinagar: IndusInd Bank on Wednesday said that its GIFT City IBU branch has entered into a $100 million long-term loan agreement with the Japan Bank for International Cooperation (JBIC).
Mumbai/IBNS: Mankind Pharma Ltd will launch its initial public offering (IPO) of 40,058,844 equity shares on Tuesday, April 25, 2023, the company said on Wednesday.
Mumbai/IBNS: RBL Bank Tuesday announced the launch of an innovative Digital Fixed Deposit (FD) scheme available to new-to-bank customers.
PayNearby, branchless banking and digital network company will onboard women Business Correspondents (BC-Sakhis) from Self Help Groups (SHG) in eight districts to offer banking services to various Gram Panchayats in Rajasthan.
Mumbai/IBNS: NTPC, the largest power generating utility in India, and Chempolis India, a Fortum group associate Co and a leading Finnish Bio-Refining technology provider, have signed a non-binding Memorandum of Understanding to explore the feasibility of setting up a bamboo based Bio-Refinery in Bongaigaon in Assam.
Mumbai/IBNS: Apple CEO Tim Cook on Tuesday inaugurated the company's first retail store in India in the country's financial capital Mumbai.
Imphal/IBNS: The Governments of Japan and the northeastern state of Manipur in India have come to an agreement to initiate new projects for the Manipuri youths.
Guwahati/IBNS: Indian Institute of Technology (IIT) Guwahati has recently signed a Memorandum of Understanding (MoU) with Tata Elxsi, a leading global technology services provider for the Automotive and Transportation industry, to jointly work on developing and commercialising state-of-the-art solutions for the Electric mobility market.
Kolkata/IBNS: Volvo Car India has recorded an impressive 38 percent growth in the first quarter of 2023.
New Delhi: iPhone maker Apple is constantly increasing its presence in India, and the government is in regular contact with the company to facilitate the expansion, Commerce and Industry Minister Piyush Goyal, media reported.
New Delhi: NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC, plans to raise funds through an initial public offering (IPO) this financial year, a media report said citing a source.
New Delhi: There is no freeze on the disinvestment process of RINL, The Ministry of Steel clarified on Friday.
Washington/IBNS: India, Japan, and France today announced the launch of the debt restructuring negotiation process for Sri Lanka.
New Delhi: India and Spain are looking forward to considerable progress in the ongoing India-EU FTA negotiations during the upcoming Spanish Presidency of the EU from July to December 2023.
Mumbai: Tata Motors, a vehicle manufacturer, on Friday announced that it will marginally increase price of its passenger vehicles from May 1, 2023. The weighted average increase will be 0.6%, depending on the variant and model.
Mumbai: HDFC ERGO General Insurance Company has partnered with Meta Platforms for WhatsApp Business to launch a new feature allowing customers to renew their break-in motor insurance policies through WhatsApp without downloading an app.
Mumbai: Mutual Fund Industry Net AUM stood at Rs 39,42,031 crores, while AAUM was Rs 40,04,638 crores in March 2023, showed AMFI Mutual Fund Industry data.
New Delhi: Air India has signed an agreement with KSU Aviation to launch TaxiBot operations at Delhi and Bengaluru airports for its Airbus A320 Family of aircraft.
Kolkata: Tata Steel officials, with the help of the West Bengal Police, recently conducted a raid on a manufacturing unit situated in Kolkata, the company said in a press release.
Kolkata / New Delhi: Modern Automotives Ltd. has bagged an order of 2.5 million units of Differential Pinion Shaft to BMW AG Munich to be delivered by 2034.
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