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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Indian Hume Pipe secures Rs 235 crore deal from Uttar Pradesh Government

India-based concrete pipe maker Indian Hume Pipe has secured Rs 234.91 crore order from the Uttar Pradesh government. In a filing with the exchange, Indian...

Market Analysis: Focus will be on the Bank of England MPC meeting

Levels across currencies are pretty much unchanged overnight. Focus today will be on the Bank of England policy. While it is expected to leave...

Maharashtra government signs three MoUs with Chinese companies

Uddhav Thackeray led Maharashtra government and signed MoUs collectively worth Rs 5,000 crore with three Chinese companies. In a statement issued, the government officials said,...

IRB Infrastructure raises Rs 300 crore via NCDs

IRB Infrastructure Developers Ltd has raised Rs 300 crore through allotment of non-convertible debentures (NCDs). In a filing at the stock exchange, IRB Infra said,...

IDFC First Bank secures Rs 2,000 crore through allotment of preferential shares

Mumbai-based IDFC First Bank has raised nearly Rs 2,000 crore by issuing shares on a preferential basis to its promoters and others. In a filing...

IDFC Group sells 100 percent stake in IDFC Securities for Rs 86 crore

Private lender IDFC Group on Thursday announced, "It has completed the 100 percent equity stake help in IDFC Securities Ltd for Rs 86 crore." In...

SBI to raise $1.5 billion through bonds

India's largest public bank State Bank Of India (SBI) on Thursday said, "Its board has approved the plan to raise to $1.5 billion through...

President Donald Trump says, “European Union is almost as bad as China”

Speaking with the commercial fishermen on June 5, United States President Donald Trump said, "If the European Union doesn't drop the tariffs on American...

“Opportunity for India to bring back manufacturing industries from China,” says Uday Kotak

The president of the Confederation of Indian Industry (CII) Uday Kotak on Saturday shared a 10 points agenda to revive the economy. During the conference...

Yatra scraps Ebix’s $337 million acquisition deal

India-based leading online travel company Yatra on Friday said, "It is terminating its pending acquisition agreement with Ebix." In a filing with the stock exchange,...

Prakash Javadekar: Government approves Rs 20,000 crore subordinate debts for MSMEs

Narendra Modi led Central government has approved Rs 20,000 crore as subordinate debts for stressed MSMEs. Addressing the press on June 1, Prakash Javadekar, Union...

COVID-19: Chennai Petroleum records inventory write-down of Rs 1,456 crore

State-owned oil refinery company Chennai Petroleum Corporation Ltd on Friday said, 'It has recorded an inventory write-down of Rs 1,456 crore due to the...

Hindustan Copper to increase borrowing limit to Rs 1,350 crore

Hindustan Cooper on Tuesday said, “Its board has approved to increase the borrowing limits of the company from the consortium and other banks from...

Adani Ports secures Rs 100 crore through NCDs

Adani Ports and Special Economic Zone (APSEZ) has secured Rs 100 crore through issuance of NCDs on a private placement basis. In a filing with...

Indian Energy Exchange launches real-time electricity market

India-based electronic systems based power trading platform Indian Energy Exchange Ltd (IEX), has announced the launch of Real-Time Electricity Market (RTM). In a filing with...

Manappuram Finance to raise Rs 500 crore through NCDs

India-based NBFC Manappuram Finance Ltd is reportedly planning to raise Rs 500 crore through issuance of non-convertible debentures on a private placement basis. In a...

Jharkhand CM Soren says, “Industrial activities can open with 30-35% workforce”

Addressing the media on May 28, Jharkhand CM Hemant Soren says, "Industrial activities can be open with 30-35% workforce in the state."

Vodafone Idea not considering any proposal from Google

India's leading telecom company Vodafone Idea Limited on Friday said, "It's board os not considering any proposal from Google." In a filing at the stock...

Geely raises $836 million through shares sale

Hong Kong-based automaker Geely has raised HK$6.48 billion ($836 million) through a share sale. In a statement issued, Geely said, "The company has raised HK$6.48...

Dilip Buildcon raise Rs 100 crore through allotment of NCDs

Dilip Buildcon has raised Rs 100 crore through the allotment of non-convertible debentures (NCDs) on a private placement basis. In a filing at the BSE,...

CEAT records 19.58% fall in Q4 net profit

Leaders in typer making CEAT has recorded a sharp 19.58 percent decline in consolidated net profit at Rs 51.72 crore in March quarter-end. In a...

Welspun Enterprises to raise Rs 175 crore through NCDs

Welspun Enterprises has announced to raise Rs 175 crore through allotment of non-convertible debentures (NCDs) on a private placement basis. In a filing at the...

Adani Ports and SEZ raises Rs 500 crore via NCDs

Gautam Adani owned Adani Ports and Special Economic Zone (APSEZ) has raised Rs 500 crore through issuance of non-convertible debentures (NCDs) on a private...

Suryoday Small Finance Bank Ltd raises $8.2 million from Gaja Capital, Kotak Mahindra Life Insurance, Lok Capital and others

Mumbai-based small finance lender Suryoday Small Finance Bank Ltd has raised $8.2 million in private equity funding from its existing investors. The new round of...

COVID-19: Amazon India partners with Acko General Insurance to offer free health insurance to sellers

India's leading e-commerce company Amazon India on Wednesday announced its partnership with Acko General Insurance to provide free health insurance for all its active...

Snapdeal to provide news, partners with Dailyhunt

India's leading e-commerce giant Snapdeal on Tuesday said that "It has partnered with news aggregator company Dailyhunt to provide news service on its platform." In...

Fintech startup Zaggle partners with Visa to launch innovative payment solutions for SMEs and Startups

India-based fintech startup Zaggle has announced its partnership with Visa to launch innovative payment solutions for SMEs and startups. In a statement issued, Zaggle said,...

Edelweiss General Insurance launches ‘Edelweiss Switch’ app-based Motor OD floater policy

India's first cloud-native insurer, Edelweiss General Insurance (EGI) on Thursday announced the launch of 'Edelweiss SWITCH', an app-based Motor OD floater policy to allow...

Piramal Enterprises to raise Rs 500 crore through NCDs

Piramal Enterprises on Wednesday said that "Its board has approved the proposal to raise to Rs 500 crore through issuance of secured NCDs on...

Tata Steel secures Rs 1,000 crore via NCDs

India-based multinational steel-making company Tata Steel on Wednesday said that "Its committee of directors has approved the allotment of non-convertible debentures (NCDs) worth Rs...

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