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Topics: India

Power Finance Corporation records 12 percent decline in December quarter profit

The state-run Power Finance Corporation (PFC) has recorded a sharp decline of 12% in its consolidated net profit at Rs 3,386.72 crore in the...

Maveric Systems appoints Ramesh Vasamsetti as Director of Quality Engineering Business

Chennai-based global banking technology solution provider Maveric Systems on Monday announced that "it has appointed Vasametti as its new director of Quality Engineering (QE)...

Kalpataru Power profit jumps by 16.66 percent to Rs 133 crore in Quarter 3

Kalpataru Power Transmission LTD (KPTL) has reported a 16.66 percent jump in the consolidated profit for the December quarter ending in 2019. In a filing...

Petronet LNG Ltd records the highest profit of Rs 675 crore in Q3

India's largest liquefied natural gas importer Petronet LNG Ltd on Monday reported a profit of Rs 675 crore in the third quarter of December...

India to approve $2.6 billion US naval helicopter deal ahead of President Trump visit

India is set to give final approval to a $2.6 billion deal for military helicopters from US defence firm Lockheed Martin ahead of a...
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SIAM: Auto sales across categories reports 13.83 percent decline in January

Society of Indian Automobile Manufacturers (SIAM) on Monday reported a decline of 6.2 percent in January sales in domestic passenger vehicles. According to the new...

Oberoi Realty’s Q3 profit increases by 7 percent

India's largest construction company Oberoi Realty on Friday reported a 7 percent increase in consolidated net profit for Quarter 3. In a filing with the...

Offline-to-Online fintech startup ‘Dot’ swipes $8 Mn in seed funding from PayU & others

Gurugram based online-to-offline (O2o) commerce and fintech startup Dot has raised $8 million in series seed round funding from Prous and Fosun RZ Capital. The...

Edu-tech startup BYJU’S scores $200 million in funding from General Atlantic

India-based online education startup BYJU'S has raised undisclosed funding from its existing investor General Atlantic. But, according to the media sources, “The investment from General...

Ex-Finance Minister P Chidambaram, “Govt needs to put money in the hands of poor for demand growth”

Speaking in the parliament on Friday, Congress leader and ex-finance minister P. Chidambaram said, “A classic solution for reviewing the sluggish economy is by...
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A deep-dive into the Union Budget 2020 announcements

The Union Budget for FY21 is a progressive initiative and is an “investment in medium to long term economic development” and should be viewed...

Manappuram Finance plans for Rs 1,150 crore funding through debentures

India's leading Financier Manappuram Finance has announced its plan to raise Rs 1,150 crore through issuance of debentures. In a regulatory filing with the stock...

Launch of an Orbit Surveillance Satellite by Indian Space Research Organisation (ISRO) to Bolster Growth

The small satellite report performs SWOT analysis and PESTEL study to uncover the stability, limitations, openings, and risks in the small satellite industry. Combining the...

Disney to launch Disney+ service in Western Europe, and India

After hitting the massive success after the launch of its video streaming Platform, American multimedia company Disney has announced the launch of platform Disney+...

Coronavirus outbreak: India suspends all visas for Chinese travelers

The Indian Embassy in Beijing on Tuesday said that “The government of India has canceled all the visas issued after January 15 to the...
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India may issue $5 billion bonds with no foreign investment cap limit

India is likely to issue at least $5 billion worth of bonds with no limits on foreign investment next year, in a bid to...

Exide Industiries reports 16.76 percent decline in Q3

Battery maker giant Exide Industries on Tuesday reported a 16.76 percent decline in consolidated profit at Rs 118.15 crore in third-quarter end of December...

Nikhil Arora of GoDaddy India says, “This budget is a reflection of government's commitment toward delivering inclusive growth"

Speaking on the union budget 2020, that was presented in the parliament by Finance Minister Nirmala Sitharaman on Saturday. Nikhil Arora, Vice President and Managing...

“Allowing NBFCs to finance invoices of MSMEs through TReDs will give clear access to the fund,” Says CMA B Mallikarjun Gupta

Speaking on the budget, tabled by Finance Minister Nirmala Sitharaman on Saturday, CMA B Mallikarjun Gupta, Chief Taxologist at Logo Infosoft said that “Fake...

Budget 2020: Reaction on budget from Industry, Startup founders, Investors, and Analysts

With the bid to boost the economy through the multiple investment announcements in the different sectors like health, rural, education, startups, agriculture and Infrastructure,...
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Economic Survey 2020: Buying a gun in Delhi is easier than opening a restaurant

According to the new economic survey 2020, tabled by Finance Minister Nirmala Sitharaman in parliament said, that “It takes more documents to start a...

BHEL partners with EESL to develop public charging infrastructure for e-mobility across India

Bharat Heavy Electricals Limited (BHEL) on Friday announced that “It has signed the MoU with EESL to develop a network of public charging infrastructure...

Kerala reports the first case of coronavirus

Kerala government on Thursday confirmed that “It was reported the first case of novel coronavirus (nCoV) in Thrissur city.” In an official statement, issued by...

Budget 2020: A budget for better economic prospects: expectations from the fintech sector

Even as we prepare for the budget 2020, just a day away, here are some of the expectations from the fintech industry ahead of...

KTM launches BSVI compliant bike in India

Sportbike producer KTM has announced the launch of BSVI emission norm compliant ranges bike in India. In a statement, Bajaj Auto President (Probiking), Sumeet Narang...
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Flipkart Co-founder Sachin Bansal resigns from Ujjivan Small Finance Bank board

Citing to the conflict of interest, Flipkart ex-CEO and Co-founder Sachin Bansal has announced that, “It has resigned as an independent director of Ujjivan...

Godfrey Phillips rejects Lalit Modi's claim on KK Modi stake sale

Manufacturer of Marlboro cigarettes in India, Godfrey Phillips India has rejected the claim made by Lalit Modi who said that “Its (Godfrey Phillips) promoter,...

Shriram City Union Finance to raise $1 billion in dollar bond sale through GMTN programme

Chennai-based non-banking financial institution, Shriram City Union Finance Ltd is planning to raise $1 billion in bond sale through Global medium-term notes (GMTN) programme. In...

Startup India tableau to be the part of Republic Day 2020 parade

The Department for Promotion of Industry, and Internal Trade (DPIIT) has said that “The Ministry of Commerce and Industry will showcase a tableau on...

Facebook appoints Avinash Pant as India Marketing Head

Social network giant Facebook Inc has announced the appointment of Avinash Pant as Marketing Director for its India operations. Pant who has 22 years of...
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