NEWS
StanChart India sells Rs4,100-cr personal loan portfolio to Kotak Mahindra Bank
20 Oct 2024
Standard Chartered Bank, India (StanChart) is selling around Rs4,100 crore ($490 million) of outstanding personal loans to Kotak Mahindra Bank Ltd (KMBL).
JSW-JFF venture to buy Thyssenkrupp Electrical Steel India for $482 million
19 Oct 2024
A joint venture of JSW Steel and Japanese steel maker JEF Steel Corp is acquiring the Indian unit of German steel giant Thyssenkrupp for Rs4,051 crore ($482.1 million) in cash
Temasek arm Fullerton to take controlling stake in Lendingkart: report
19 Oct 2024
Fullerton Financial Holdings (FFH), the lending arm of Singapore-based investment fund Temasek, will be raising its holding in fintech start-up Lendingkart
Govt hikes minimum support prices for Rabi crops
19 Oct 2024
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved an across-the-board increase in the minimum support prices (MSP) for all eligible Rabi crops for the 2025-26 marketing season.
Sebi approves Jio Financial-BlackRock mutual fund joint venture
18 Oct 2024
Market regulator Securities and Exchange Board of India (Sebi) has granted approval for the proposed $300 million mutual fund joint venture between Jio Financial Services and BlackRock.
Reliance Brands UK to acquire 51% stake in Mothercare South Asia for $20.8 m
18 Oct 2024
Reliance Brands Holding UK Ltd a wholly-owned subsidiary of Reliance Brands Ltd, the brand acquisition arm of Reliance Industries Ltd
Reliance sets 28 October as record date for 1:1 bonus issue
18 Oct 2024
Reliance Industries Ltd (RIL) has finalised the record date for its 1:1 bonus share issue as 28 October 2024 after it received necessary approval from shareholders for the bonus issue.
Hyundai Motor IPO fails to attract small investor as subscription hits 237%
18 Oct 2024
Hyundai Motor India’s Rs27,870-crore initial public offer (IPO) of shares received overall subscription of 237 per cent of the offer size, as the mega issue closed for subscription on Thursday.
Central govt employees and pensioners to get 3 per cent additional DA
17 Oct 2024
The union cabinet on Wednesday approved payment of an additional 3 per cent dearness allowance (DA) to central government employees and dearness relief (DR) to central government
IndiaAI mission selects 8 projects to promote ethical AI
17 Oct 2024
The IndiaAI Mission has selected eight projects from among a number of proposals received from the expression of interest (EoI) floated under the mission’s `Safe and Trusted AI Pillar
India’s merchandise trade deficit swells to $137.44 bn in April-September FY25
17 Oct 2024
India added $20.78 billion to its bulging merchandise trade deficit in September 2024, taking the total for the 7-month period (April-September 2024-25) to $137.44 billion.
India’s green power capacity hits 200 GW, or 46.3% of total capacity
17 Oct 2024
India has built up renewable energy capacity of more than 200 Giga Watt, which underscores the government’s commitment to clean energy and securing a green future for the country and the world.
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