Business

B2B Logistics platform Mojro Draws $3Mn for IAN Alpha Fund & Others

Bengaluru-based B2B logistics platform Mojro has raised $3 million in a Series A funding round led by IAN Alpha Fund (the second fund in...

Business Structure for Modern Entrepreneurs: What No One Explains Clearly

Modern entrepreneurs often obsess over product-market fit while neglecting the structural bones of their business. A brilliant idea is only as resilient as the...

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Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year's annual general meeting (AGM) on March 18, urging...

YESBankCrisis: ED summons Anil Ambani in money laundering probe

Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor...

Market Analysis by Abhishek Goenka, “Fed obliges the president; cuts rates to zero”

Just three days before the policy, the US Fed has cut overnight Federal funds rate by 1% to 0-0.25% range. It has also announced USD...

Christine Lagarde said, “COVID-19 will have a huge impact on economic activity”

The President of the European Central Bank, Christine Lagarde on Saturday, said that “The recent outbreak of Coronavirus (COVID-19), will have a significant...

#YESBankCrisis: Cabinet approves reconstruction scheme for Yes Bank

Union Finance Minister Nirmala Sitharaman on March 13 said that the Cabinet has approved the Reserve Bank of India's (RBI) reconstruction scheme for Yes...

Rahul Gandhi Slams Modi Government For Poor Management On Economy, Coronavirus, and on Crashing SENSEX

New Delhi: Congress leader and former president of Indian National Congress, Rahul Gandhi has slammed the Narendra Modi rule NDA government for not taking...

Tata Steel to raise Rs 670 crore through Non-convertible debentures

India-based steel company Tata Steel has said that “Its committee of directors has approved the plan of raising Rs 670 crore through issuance of...

GE Power India terminates Rs 818.3 crore worth of contract with NECL

GE Power India Limited on Thursday said that “It has terminated a contract with Navayuga Engineering Company Ltd (NECL).” The company in its filing at...

TG TV: Mark Carney says, “Bank of England will take necessary steps to support the UK economy”

Governor Mark Carney, on Wednesday, said that "The Bank of England will take all necessary further steps to support the UK economy from the...

TG TV: Union Minister Piyush Goyal speaks on the prospects of US-India Trade deal

In an event on Saturday, the union minister of India, Piyush Goyal speaks on the prospects of the US-India trade deal. https://www.youtube.com/watch?v=JGRsvrFzWvo&t=149s

ArcelorMittal Nippon Steel acquires the Bhander power plant from Edelweiss Asset Reconstruction Company

ArcelorMittal Nippon Steel India on Tuesday said that “It has acquired the Bhander Power Plant from Edelweiss Asset Reconstruction Company.” The company in its statement...

Shriram Transport Finance plans to raise funds through debt securities

India based transport finance company, Shriram Transport Finance has announced its plan to raise funding through the issuance of debt securities. In a filing with...

Vatika Group leases 50,000 sq ft area to French sports goods retailer Decathlon

Delhi-NCR based real estate developer Vatika Group has leased approximately 50,000 sq feet of area to French sporting goods retailer Decathlon for a flagship...

Biocon receives two observations from USFDA for API Manufacturing Facility in Bengaluru

India's leading biopharma company, Biocon Limited on Thursday said that “It has received a Form 483 and two observations for its Small Molecules API...

Tata Motors to raise Rs 500 crore through non-convertible debentures

Automobile giant Tata Motors Limited on Wednesday said that “It will be raising Rs 500 crore through the issuance of non-convertible debentures on private...

Cipla receives a warning letter from USFDA for its Goa manufacturing unit

The US Food and Drug Administration (USFDA) has issued a warning letter to Cipla's Goa manufacturing facility. In a regulatory filing with Stock Exchange, the...

ADB secures Rs 8.5 billion through offshore India rupee-linked bonds

The Philippines-based Asian Development Bank (ADB) on Tuesday said that “It has secured Rs 8.5 billion (approx $118 million), form a new issue of...

GAIL to infuse Rs 1.05 lakh crore to create infrastructure for gas-based economy

GAIL India Ltd, the country's largest gas utility, will invest Rs 1.05 lakh crore over the next five years to expand pipelines, lay city...

Reserve Bank may offer Bandhan Bank more time to lower its promoters’ share

The Reserve Bank of India may offer additional time to Bandhan Bank to decrease its promoter shareholding in the bank. According to India's leading newspaper,...

PepsiCo acquires Chinese snack company Be & Cheery for $705 million

American multinational food and beverage maker, Pepsico on Sunday announced that “It has agreed to acquire Chinese snack brand Be & Cheery for $705...

SREI Infra Finance, CEO says, “Sector should raise resources on a sustained basis”

India's leading non-banking finance company, Srei Infrastructure Finance Limited, has said that “The sector which is going through liquidity crisis should be able to...

Biocon receives three observations from USFDA for its Insulin Glargine facility in Malaysia

India's leading biopharma company Biocon on Saturday said that “It has received three observations for its insulin manufacturing facility in Malaysia from the United...

Report: Flipkart challenges India antitrust probe

Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed,...

Report: India to import record high volumes of LNG, as prices hit an all-time low on coronavirus outbreak

India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting...

What is Expression of Interest that strategic financial buyer uses for buying tender

EOI or Expression of Interest is an application that a strategic financial buyer uses for buying a tender. The investment bankers are usually requested...

Report: Arnab Goswami holds over 82 percent in Republic TV

Renowned journalist and broadcaster Arnab Goswami owns over 82 per cent stake in Republic TV, his company said on Wednesday, clearing the air around...

RBI approves shareholding dilution plan of Kotak Mahindra Bank’s promoters

The Reserve Bank of India on Tuesday approved the shareholding dilution plan of Kotak Mahindra Bank's promoter. In a filing with the stock exchange, the...

Coronavirus Effect: Apple sales to fall short, unlikely to meet revenue guidance

Apple Inc warned on Monday it was unlikely to meet its March quarter sales guidance set just three weeks ago as the world’s most...

ICICI Bank secures Rs 945 crore through issuance of Basel III compliant bonds

India's leading private bank, ICICI bank on Monday said, that, “It has secured Rs 945 crore through issuance of Basel III compliant bonds on...

GE partners Vedanta Ltd, will install digital smelter in aluminium plant at Jharsuguda

Vedanta Limited, on Monday, announced that it has partnered with GE, “To install digital smelters in their aluminium plants at Jharsuguda in Odisha.” In a...

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