Business

Cisco Appoints Pete Shimer to Board, Daniel Schulman to Step Down

Cisco Systems (NASDAQ:CSCO) has appointed Pete A. Shimer to its board of directors, while Daniel H. Schulman will step down from the board, according...

Cisco Director Pete Shimer Files Initial Ownership Disclosure with SEC

Cisco Systems (NASDAQ: CSCO) board member Pete A. Shimer has filed an initial statement of beneficial ownership with the U.S. Securities and Exchange Commission...

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PM Narendra Modi criticizes CM Mamta’s poor industrial policy

Prime Minister Narendra Modi on Saturday, criticized CM Mamta Banarjee's government Industrial policy that has affected local industries. Addressing a political rally at Hooghly, West...

HDFC Capital, Cerberus launches special platform to support residential real estate projects

HDFC Capital Advisors Ltd (HDFC Capital) has partnered with an affiliate of Cerberus Capital Management LP to launch a special situation platform focused on...

ICICI Bank partners with PhonePe to issue FASTag

Private sector lender ICICI Bank has announced its partnership with e-wallet company PhonePe to issue FASTag using UPI in PhonePe App. "The partnership will allow...

Pine Labs launches ‘Buy Now Pay Later’ scheme in Malaysia

Asia's leading merchant commerce platform, Pine Labs has announced the launch of its Buy Now Pay Later (BNPL) scheme in Malaysia. "The offering will accelerate...

Piyush Goyal: Cabinet approves Rs 10,900 crore PLI Scheme for the food processing sector

The Union Cabinet has approved the Rs 10,900 crore as incentives under the Production Link Incentives (PLI) Scheme for the food processing industry. "Headed by...

IVCA-EY report: India received $232.4 bn in PE-VC investments during 2011-2020

IVCA-EY report in its new report named 'PE/PV Agenda: India Trend Book' said, "India has received US$232.4 billion from 2011 to 2022. IVCA-EY in its...

U GRO Capital expands its network in Gujarat, plans to support 10,000 small business by March 2022

In addition to 5 new branches in the state, India-based leading small business lender U GRO Capital has announced the expansion of its network...

Dukaan extends support to COVID-19 hit merchants in Pune and Mumbai cities

Dukaan app has announced to extend its support to merchants in Pune, and Mumbai cities, whose business has been impacted due to COVID-19 restrictions...

Fractional Ownership is the future of commercial real estate investment

Indians for long have invested their household savings in Gold and Real estate. You can't but agree more with Theodore Roosevelt: "Every person who invests...

REPL bags multiple orders from Govt of Assam, Uttarakhand, and Odisha

Delhi-based infrastructure consultancy firm REPL announced that it has bagged 3 different orders from the state governments of Odisha, Assam for Architectural & Engineering...

Hero MotoCorp total sale increased by 1.49% in February

Two-wheeler maker Hero MotoCorp has reported an increase of 1.45 percent in its total sales for February at 5,05,467 units compared to 4,98,242 units...

Siemens acquires 99.22% stake in C&S Electric Ltd

Siemens Ltd on Monday announced the acquisition of a 99.22 percent stake of C&S Electric Ltd from its promoters. In a filing with the exchange,...

Sterlite Technologies bags order worth $100 mn from Middle East and Africa

Telecom equipment manufacturer Sterlite Technologies Ltd (STL) has received an order worth $100 million from Middle-East and Africa for setting up a network and...

Hyundai Motor reports 26% increase in February sale

Automaker Hyundai Motor India has reported an increase of 24.6 percent in its total February sale to 61,800 units. Hyundai Motor India Limited (HMIL) in...

Reliance Industries invest additional $26.75 mn in skyTran Inc to acquire a majority share

Reliance Industries Ltd wholly-owned subsidiary Reliance Strategic Business Ventures (RSBVL) has acquired additional equity shares in skyTran Inc. In a filing with the exchange, Reliance...

AbhiBus partners with IRCTC to offer bus booking ticket facility

Online bus booking platform Abhibus has announced its partnership with Indian Railway Catering and Tourism Corporation (IRCTC) to offer a ticket booking facility to...

HDFC Bank, Kotak Mahindra Bank acquires 9.9 percent stake each in Ferbine

India-based leading private sector lenders HDFC Bank and Kotak Mahindra Bank have acquired 9.99 percent stake each in Ferbine Private Limited, a Pan-India Umbrella...

Bharti Airtel seeks shareholders nod to issue of 3.64 crore shares to Lion Meadow Investment

Telecom company Bharti Airtel on Friday said, "It will seek shareholders nod for the issuance of about 3.64 crore equity shares of the company...

Angel Broking tie-ups with Vested Finance to allow Indians to invest in U.S. stocks

India's leading stockbroker Angel Broking on Thursday, announced its partnership with Vested Finance to allow Indian Investors to invest in U.S. stocks and EFTS. In...

IIFL Finance raises Rs 100 crore through debentures

IIFL Finance Ltd has said, "It has raised Rs 100 crore through issuance of non-convertible debentures (NCDs) on private placement basis." IIFL Finance in a...

Tata Power raises Rs 900 crore through NCDs

Power Utility company Tata Power has raised Rs 900 crore through the issuance of non-convertible debentures (NCDs). In a filing with the exchange, Tata Power...

Fisdom acquires IT return filing startup Tax2Win

Wealth management company Fisdom has announced the acquisition of online income tax return filing startup Tax2Win for an undisclosed amount. Speaking on the acquisition, Subramanya...

SBI Cards raises Rs 550 crore through bond issue

SBI Cards and payment services on February 22, said, "It has raised Rs 550 crore through issuance of bonds on a private placement basis." In...

REC Ltd Secures $500 million via Global Medium Term Note Program

Leading infrastructure finance company REC Ltd on Tuesday said, "It has raised $500 million through the issuance of notes under its $7 billion Global...

Edtech startup Vedantu acquires Instasolv

Online education startup Vedantu has acquired a doubt-solving platform Instasolv for an undisclosed amount. Vedantu in its statement said, "The acquisition of Instasolv will further...

Vedanta CFO G R Arun Kumar steps down

Vedanta on February 20, 2021, announced that "G R Arun Kumar has resigned from the post of Chief Financial Officer." In a filing with the...

Rahul Gandhi says, “Agriculture is only business that belongs to million of Indians”

Congress leader and Member of Parliament Rahul Gandhi slammed Prime Minister Narendra Modi led Central Government on three farm laws that sparked a nationwide...

L&T Power Transmission and distribution business bags ‘Large’ contracts

Engineering and construction company L&T on February 22 said, "Its power transmission and distribution business has bagged large domestic and international contracts. In a filing...

Kirana Capital draws $10 million from IndusInd Bank

India settled lender to small business, Kirana Capital has raised $10 million from IndusInd Bank with a 100% guarantee from the U.S. International Development...

UAE signs $1.3 billion defense deal

The United Arab Emirates (UAE) has signed a defense contract worth 5 billion dirhams (approx $1.3 billion) from local and international companies. Speaking on the...

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