India's Budget 2025-26 Coverage
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Topics: Business News

Muthoot Finance plans for a stock split

Muthoot Finance on Friday said, "It is planning to consider a sub-division/stock split of equity shares." In a filing with the stock exchange, the company...

Defense tech startup Big Bang Boom Solutions seals $1 mn through Mumbai Angels

Chennai based defense tech startup Big Bang Boom Solutions (BBBS) has raised $1 million through Mumbai Angels Network in their overall $1.5 million in...

Kia Motor records 7,275 in June sale

Automobile company Kia Motors India said, "The company has sold 7,275 units in June." "The company has sold 7,114 units of Seltos and 161 units...

Tata Power Board approves to raise Rs 2,600 crore from its promoters

Leaders in Power Utility company, Tata Power on Thursday said, "Its board has approved a proposal to raise Rs 2,600 crore through issuance of...

Ex-Indigo president Aditya Ghosh joins FabIndia board

Fabindia has announced the appointment of the former president of IndiGo Aditya Ghosh as a member of its board of directors." In a statement issued,...

Denmark based startup Beyond Leather Materials raises €1.1 million from Rockstart and Vaekstfonden

A Denmark-based startup that produces plant-based eco-friendly alternatives to animal leather Beyond Leather Materials has raised €1.1 million in Series seed round funding from...

JSPL to divest 100 percent stake of Oman-based subsidiary for $1 billion

Jindal Steel and Power Ltd (JSPL) has announced plans to sell its Oman-based subsidiary for over $1 billion (approx Rs 7,500 crore). In a statement...

Bank of Baroda to raise Rs 2,000 crore through bonds

Leading public sector lender, Bank of Baroda (BoB) has announced its plan to raise Rs 2,000 crore through issuance of bonds. In a filing with...

China says, “India has a responsibility to uphold the rights of our business”

Briefing the media on Tuesday, Zhao Lijian, spokesperson of the Chinese Foreign Ministry said, "Chinese government always asks Chinese business to abide by international...

LIC Managing Director T C Suseel Kumar joins Axis Bank board

Private lender Axis Bank on Monday said, "The bank has appointed Managing Director of Life Insurance Corporation of India (LIC), T C Suseel Kumar...

Indian Bank board approves plan to raise Rs 5,000 crore via bond

India's leading public sector bank, India Bank on Monday said, "It plans to raise about Rs 5,000 crore through issuance of bonds." In a filing...

MG Motor India adds six more startups under MG Developer Program & Grant

Automobile giant MG Motor India said, "It has shortlisted six more startups for its ongoing 'MG Developer Program & Grant' program." In a statement issued,...

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred over Rs 1,500 crore in salaries and other benefits for medium and large enterprises." Launched...

Coronavirus Impact: Amazon to hire 20,000 temporary staff in India

Ecommerce giant Amazon India said, "It is reportedly hiring close to 20,000 'seasonal' or temporary staff in its customer service (CS) department to help...

U GRO Capital launches end-to-end lending platform ‘Sanjeevani’ to help 500,000 MSMEs

In a bid to help the pandemic hit MSMEs, U GRO Capital, a Mumbai-based fintech company, on Saturday announced the launch of "Its end-to-end...

Carlyle Group picks 20 percent share in Piramal Pharma for $490 million

Piramal Enterprises Limited on Saturday said, "Global investment firm Carlyle Group has agreed to invest around $490 million to pick 20 percent stake in...

HUDCO records 87 percent increase in Q4 profit at Rs 440.91 crore

State-run finance provider HUDCO on 26 June reported an 87 percent increase in its consolidated net profit to Rs 440.91 crore for Q4. In a...

Glenmark Pharma records 36.28% increase in Q4 profit at Rs 220 crore

Mumbai-based drugmaker Glenmark Pharma on Friday said, "It has reported a 36.28 percent increase in its consolidated net profit to Rs 220.3 crore in...

Instamojo launches ‘InstaCash’ to help pandemic hit MSMEs

Bengaluru based fintech startup Instamojo has announced the launch of 'InstaCash'a working capital product for merchants selling on its platform. In a statement issued, Instamojo...

Yandex agrees with Sberbank to reorganize Yandex Market and Yandex Money

Russian technology giant Yandex on Thursday said, "It has entered into a binding agreement with Sberbank to reorganize two of their joint ventures: Yandex.Market,...

NPCI: Transactions through Google Pay are protected by law

National Payments Corporation of India (NCPI) on Thursday said, "As Google Pay is classified as third-party app provider (TPAP), the transaction made through it...

Avaada Energy bags 350 MW solar power project from MSEDCL

Mumbai-based renewable energy producer Avaad Energy on June 25 said, "It has received an order to set up a 350 megawatt (MW) solar plant...

Increasing Cases and United States ‘Carousel Retaliation’ spooks risk sentiment

The risk sentiment was souring as US trade representatives had proposed imposing tariffs on USD 3.1bn of imports from France, Germany, Spain, and the...

Apple acquires San Francisco based startup Fleetsmith

American technology giant Apple Inc has announced the acquisition of San Francisco-based startup Fleetsmith for an undisclosed amount. Giving an update on the acquisition, Fleetsmith...

Metropolis Healthcare promoter divested 6.03 percent shares for Rs 422.58 crore

Mumbai-based diagnostic company Metropolis Healthcare has said, "Its promoter has divested 6.03 percent shares in the company for Rs 422.58 crore." In a filing with...

Crosses rally on robust PMIs

Euro and Sterling rallied yesterday as France, Germany and UK manufacturing PMIs came in better than expected. Onshore, the USDINR spot moved lower yesterday to...

Piramal Enterprises to raise Rs 2,590 crore via NCDs

Mumbai-based healthcare company Piramal Enterprises said, "Its board has approved raising to Rs 2,590 crore through issuance of secured non-convertible bonds on a private...

White House trade advisor Navarro does a U-turn; so do markets

The US Dollar has weakened overnight. The anticipation of a second stimulus package is keeping the USD under pressure. While the EU is finding...

Singapore government acquires 164,30,820 shares of ICICI Prudential Life

The government of Singapore has acquired 1,64,820 equity shares (representing 1.14 percent of paid-up capital) of ICICI Prudential Life Insurance Company. According to the bulk...

Microfinance lender Satin Creditcare to raise Rs 120 crore through rights

Gurugram-based Microfinance lender Satin Creditcare Network Ltd (SCNL) is reportedly planning to raise to Rs 120 crore through a rights issue of shares. In a...

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