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Topics: India

Bike rental startup Bounce snaps $105 Mn from B Capital, Accel Partners, and Others

India-based bike rental startup Bounce has raised $105 million in series D round funding from Accel Partners India, B Capital, and others. The new round...

JSW Steel to raise Rs 1,000 crore through Non-convertible debentures

India's largest steel company, JSW Steel on Thursday said that “It will be raising nearly to $1000 crore through issuance of non-convertible debentures.” In a...

Glenmark Pharma to sell its India and Nepal business for Rs 115 crore

Mumbai based pharma company, Glenmark Pharma has announced that, “The board has decided to sell its Gynaecology business in India and Nepal for Rs...

UP Government to increase license fee for foreign liquor by 20 percent, and beer by 15 percent

As a part of the 2020-2021 excise policy. the Uttar Pradesh state cabinet on Wednesday said that “It has given an approval to increase...

Military Radar: Upgradation of Existing Systems and Equipment Will Ease the Growth Process

As the global military radar market size is expected to reach USD 19.56 billion by 2026, exhibiting a CAGR of 4.21% during the forecast...
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Manappuram Finance snaps $300 million in bonds

Manappuram Finance on Monday has announced the approval of the issuance of fixed-rate senior unsecured notes aggregating to $300 million. In a filing at BSE,...

NSE reaches to SEBI, plans to launch its IPO by September

The National Stock Exchange (NSE) has said that “It has approached the markets' regulator SEBI, for the approval to its IPO.” While speaking with the...

Ashok Leyland records 28 percent decline in December sales

India's largest auto-manufacturing giant Ashok Leyland has reported a decline of 28 percent in its total commercial vehicle sales in December. In a filing at...

Saudi Arabia may shave light crude prices to Aisa in February

Saudi Arabia, the world's biggest oil exporter, may cut the prices of its light crude grades sold to Asia in February on signs of...

Tech Mahindra announces new policies for LGBTQ+ employees

To help new parents, cancer patients, and survivors, and LGBTQ+ community, India's largest tech giant Tech Mahindra has announced that it has added a...
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Finance Ministry of India denies sharing details of Swiss Bank account holders

The Finance Ministry has declined to share Swiss bank accounts details of Indians saying it is covered under "confidentiality provisions" of a tax treaty...

Amazon starts pilot projects to buy directly from Indian farmers

As a part of the farm-to-fork initiative, Amazon India Retail venture has started a pilot project to by fresh fruits ad vegetables directly from...

RBI is purchasing dollars through state-run banks

Reserve Bank of India, also known as (RBI) is buying dollars in the market through state-run banks. Four traders, familiar with the update, said, "It...

Union Power Minister: No power crisis in India

Declaring that there is no power crisis in the country, Union Power Minister R K Singh on Thursday said India has installed power generation...

Finance Minister Nirmala Sitharaman introduces "Insolvency and Bankruptcy code" bill in Lok Sabha

Finance Minister Nirmala Sitharaman on Thursday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code. The Insolvency and Bankruptcy...
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"India's economy to be at 4.3% in Q4 2019", says Nomura

India's economy is expected to grow at 4.3 percent in December quarter this year amid concerns over crisis in the NBFC sector, according to...

Hyundai Motor to get price hike from January

India's largest automaker Hyundai Motor India has announced that, "It will increase the prices of its entire product range from next month." In a statement,...

Aditya Birla Fashion appoints Himanshu Kapania as company's vice chairman

India leading fashion and retail giant, Aditya Birla Fashion and Retail Ltd, has announced the appointment of Himanshu Kapania as vice chairman of the...

Priyanka Gandhi: "Modi Government waiving loans of his rich friend's, by cutting education budget"

Congress leader Priyanka Gandhi Vadra on Monday hit out at the Centre over reports that there would be a significant cut in the school...

Union Labour Minister Santosh Gangwar: "2.72 cr male, 1.56 cr female registered as job seekers in the country"

There are 2.72 crore male and 1.56 crore female job seekers who have registered with employment exchanges across the country, Union Labour Minister Santosh...
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Kumar Mangalam Birla: Vodafone-Idea may opt for insolvency in absence of government relief

Kumar Mangalam Birla, the Chairman of Aditya Birla Group on Friday, said that "Vodafone Idea will shut the shop and opt for insolvency if...

Triumph motorcycle records 10% Y-o-Y growth in retail sales in India.

UK motorcycle manufacturer, Triumph Motorcycle has recorded a 10% year on year growth in retail sales in India. In an interview with India-based newspaper, Economic...

Government's new privacy bill may force social media platforms to offer user verification option: Reports

Government's proposed new privacy bill may require large social media platforms to offer an identity-verification option, a potentially precedent-setting effort to rein in the...

Zeta appoints Visa’s executive Murali Nair as President of its banking business

Bengaluru settled fintech startup Zeta has announced the appointment of Visa’s Murali Nair as the president of its banking business. Murali Nair, who holds 26...

Dhruva Space secures Rs 5 crores in collective funding from Mumbai Angels, Ravikanth Reddy, and others

A Hyderabad-based end to end solution provider for building small satellites, Dhurva Space has secured Rs 5 crores in a collective angel round funding...
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India making sixth interest rate cut, still no cure for economy

Five interest rate cuts since the start of the year hasn't stopped India's economy from slowing to its weakest growth rate since 2013, but...

RBI's subsidiary DICGC says, "Depositors in failed and liquidated bank to get only Rs 1 lakh as insurance cover"

Depositors in failed and liquidated banks will get only up to Rs 1 lakh as insurance cover, regardless of the amount in their accounts,...

CAIT calls Amazon, Flipkart as 'Economic terrorists'

Traders' body CAIT on Sunday lashed out at e-commerce majors Amazon and Flipkart, calling them "economic terrorists," and demanded that the government take action...

Hinduja's Ashok Leyland sales dip by 22 percent in November to 10,175 units

India's largest automaker giant Ashok Leyland has reported a decline of 22 percent in total commercial vehicle sales at 10,175 units in November. In a...

Walmart partners with HDFC Bank launches co-branded credit card for members of Wholesale B2B cash & Carry stores

HYDERABAD: Walmart India, in partnership with HDFC Bank, on Monday launched a co-branded credit card exclusively for members of its Best Price Modern Wholesale...
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