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Topics: Business News

Interview: Fintso Co-founder George Mitra says, “Wealth management has traditionally been a high touch model”

Today, we speak to George Mitra, Co-founder & CEO of Fintso, to understand how Fintso works and how it is helping independent financial advisors...

OECD: Global economy to shrink by 6% in 2020

Organization for Economic Co-operation and Development (OECD) Secretary-General Jose Angel Gurria said, "The global economy will decrease at least six percent this year due...

NYSE holds moment of silence in honor of George Floyd

The floor of the New York Stock Exchange (NYSE) on June 9, hold a moment of silence in honor of George Floyd.

Fire Breaks out at Assam’s Oil well in Tinsukia

A huge fire broke out at a natural oil-producing well in the Tinsukia district of Assam.

MG Motor India partners with Tata Power to install superfast chargers for EVs at selected locations

India’s leading integrated power company, Tata Power on Monday said, “It has signed a memorandum of understanding (MoU) with MG Motor India to deploy...
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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...

SBI Chairman Rajnish Kumar jibe at pay cut remark: Will have to live on the street

Taking a jibe on the possible pay-cut remark for their leadership teams, State Bank of India (SBI) chairman Rajnish Kumar said, "Road pe aake...

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...
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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...

Government launches PM SVANidhi scheme to help 50 lakh street vendors

Prime Minister Narendra Modi led - Government of India has announced the launch of 'PM Street Vendors Atmanirbhar Nidhi (PM SVANidhi)' scheme a special...

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...
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ByteDance to set up its second corporate entity in India

Chinese internet giant ByteDance is setting up its second corporate entity in India. Quoting the sources familiar with the development, the Economic Times in its...

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...
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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...

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...

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...
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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...

Rolls-Royce to cut 9,000 jobs for its global workforce

UK-based engineering company Rolls-Royce has announced plans to layoff 9,000 employees from its 52,000 global workforces that would predominantly come from Rolls-Royce's civil aerospace...

Reliance Industries raises Rs 3,600 crore through NCDs

Reliance Industries has raised Rs 3,600 crore through issuance of 36,000 unsecured redeemable non-convertible debentures (NCDs) on a private placement basis. In a filing at...

Raymond to raise Rs 100 crore through NCDs

India's leading textile company Raymond Ltd is planning to raise up to Rs 100 crore through issuance of non-convertible debentures (NCDs) on a private...
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