Business and financial news
New Delhi: The Central Bureau of Investigation (CBI) Friday arrested former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in connection with a case linked to alleged irregularities in an over Rs. 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank.
Mumbai/IBNS: The National Stock Exchange of India (NSE) has received in-principle approval from the Securities Exchange Board of India (SEBI) to set up a Social Stock Exchange (SSE) as a separate segment of the NSE.
Pune: Bharti Airtel, a leading telecommunications services provider, on Friday announced the launch of its cutting edge 5G services in Pune.
Kolkata/IBNS: Rasna Private Limited (Rasna), one of the popular FMCG brands of India, catering to a global market, recently launched a sub-brand called 'Rasna Healthy Day' to enter the health and wellness products sector.
Mumbai/IBNS: JK Paints and Coatings Ltd, a wholly owned subsidiary of JK Cement Ltd, has entered into a share purchase agreement with Acro Paints Ltd. and its shareholders to acquire a 60 percent controlling stake in the company.
New Delhi/IBNS: NTPC, India's largest power-generating utility, and GE Power India, Wednesday signed a Memorandum of Understanding (MoU) for the feasibility to demonstrate technologies to reduce the carbon footprint of NTPC’s existing coal-fired power plants
New Delhi/UNI: Maruti Suzuki has signed an agreement with Kamarajar Port Limited for export of passenger vehicles to global markets.
Mumbai/UNI: Reliance Retail Ventures Limited (‘RRVL’) on Thursday signed definitive agreements to acquire 100 percent equity stake in METRO Cash and Carry India Pvt Ltd (‘METRO India’) for a total cash consideration of Rs 2,850 crore, subject to closing adjustments.
New Delhi/IBNS: The government has given the green signal to a production-linked incentive (PLI) scheme of over Rs 400 crore for Foxconn India and Padget Electronics for mobile phone manufacturing.
New Delhi/IBNS: The demand for coal is continuing and likely to peak between 2030-2035 being an affordable source of energy with substantial reserve, coal is going to stay as a major source of energy in the foreseeable future, Union minister Pralhad Joshi said on Wednesday.
Mumbai/IBNS: Tata Group’s Bigbasket is likely to go for an Initial Public Offering (IPO) within three years after the online grocer was valued at $ 3.2 billion after the latest fundraising, media reports said.
New Delhi/IBNS: Bilateral trade between India and the Gulf Cooperation Council (GCC) during the current FY 2022-23, for the period April-October 2022 stood at $111.71 billion, up from $79.49 billion during the same period in FY 2021-22, Union minister Anupriya Patel said on Wednesday.
Wilmington, Delaware: ProHance Analytics, a cloud-based enterprise workforce analytics solution, has announced its formal launch in the United States.
New Delhi: Air India and Air India Express have associated themselves with the Kochi-Muziris Biennale this year as the official travel partners for the largest art exhibition in the country and the biggest contemporary art festival in Asia.
Washington/UNI: The World Bank issued a release announcing that it has approved a new $610 million financial package for Ukraine that includes projects to boost the country’s recovery efforts.
Kolkata/UNI: Further strengthening its commitment towards adding youthful and thrilling offerings to its premium portfolio, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, on Wednesday launched the all-new XPulse 200T 4 Valve.
Ahmedabad: Telecommunication service provider Bharti Airtel provider on Wednesday announced the launch of its cutting edge 5G services in Ahmedabad and Gandhinagar.
Kolkata/UNI: Bharti Airtel (Airtel), India’s leading telecommunications services provider, on Wednesday announced the launch of its cutting edge 5G services in Imphal.
Kolkata: The Confederation of West Bengal Trade Associations (CWBTA) - eastern India’s largest trade association and apex trade body representing 70 different trade associations and over 1.5 million small and big traders - flagged off its `CWBTA Excellence Award 2022’.
Axis Bank is a private-sector bank in India. It was founded in 1993 as UTI Bank and was later renamed Axis Bank in 2007. The bank was established with the goal of providing specialized financial services in the areas of investment banking, corporate banking, and retail banking.
Kolkata: Metal-producing company Shyam Metalics and Energy Limited (SMEL) on Tuesday announced it has completed the acquisition of Mittal Corp Limited.
Kolkata: Volkswagen Passenger Cars India strengthens its presence in East India with the inauguration of two new touchpoints in the city of Kolkata.
Mumbai: WAAREE, a solar panel manufacturer, currently has a 9 GW module Manufacturing facility operational further company setting up additional module Manufacturing capacity which will take companies module Manufacturing capacity to 12 GW for a 650-watt module by March 2023.
Kolkata/IBNS: Arjas Steel will invest Rs 610 crore in capacity expansion at its two plants at Tadipatri, Anantapur District, Andhra Pradesh and Mandi Gobindgarh, Punjab taking the total capacity to 550,000 tons.
New Delhi: With commissioning of 100 MW solar capacity at its Nokhra Project at Rajasthan, NTPC achieved another milestone of 3 GW Operational capacity on 20 December 2022.
New Delhi: Oriental Yeast India (OYI), a subsidiary of OYC Japan, a global leader in yeast manufacturing in Japan, expanded its footprint by investing ₹900 crores in building a global scale yeast plant in India.
Srinagar: The scientists of Sheri Kashmir University of agriculture science and technology (SKUAST) have successfully produced indoor saffron for promoting the crop in the region, media reports said.
New Delhi/IBNS: 63 moons technologies ltd, domestic fintech leader and creator of next-gen digital marketplaces which had accused former finance minister P Chidambaram and others of misuse of power, has been recognised and honoured with ‘’Asia's Most Trusted Companies” Award by the International Brand Consulting (IBC) Corporation, USA, for being the “Best Technology Solution Provider of Asia”.
Kolkata: One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services company and the pioneer of QR and mobile payments in India, has launched ‘Paytm Payment Protect’, a group insurance plan in association with HDFC ERGO General Insurance, a leading general insurance company of India, to insure transactions made through UPI across all apps and wallets.
Kolkata: Bandhan Bank on Monday announced that it has signed the Memorandum of Understanding (MoU) with Controller General of Defence Accounts, Ministry of Defence, Govt. of India for extending the banking services to the Defence Pensioners and their families.
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