Page 1484 - Company News

Karur Vysya Bank to offer SBI Life Insurance products at its branches

Private sector Karur Vysya Bank has inked a pact with SBI Life Insurance to offer their insurance products to customers at its branches, the bank said on Tuesday

L'Oreal to buy luxury cosmetics brand Aesop in $2.5 billion deal

At L'Oreal, Aesop joins a cast of luxury brands such as Lancome and Yves Saint Laurent as the French company bets on a continued drift toward high-end cosmetics

FAITH urges govt to withdraw TCS hike on packages announced in Finance Bill

Tourism and hospitality body FAITH on Tuesday urged the government to roll back the increase in Tax Collected at Source on overseas tour packages announced in the Finance Bill 2023

HDFC Ltd records 12% loan growth at Rs 9,340 cr in March quarter

Gross income from dividend for the quarter ended on March 31, 2023 was Rs 207 crore as compared to Rs 128 crore

Bajaj Finance booked highest ever new loans in FY23 at 29.6 million

AUM grew 29% YoY in Q4 to Rs 2.47 trillion

State-owned NBFC firm REC raises $750 mn through issuance of green bonds

State-owned non-banking finance firm REC Ltd has raised $750 million through issuance of green bonds

MOIL's output grows 6% to 1.3 MT in FY23, 14% higher capex utilised

State-owned MOIL has registered a 6 per cent rise in its manganese ore production to 1.3 mn tonnes (MT) in 2022-23

Inox Air ropes in TP Saurya Bandita to set up 40 MW captive solar plant

Inox Air Products on Tuesday said it has signed an agreement with TP Saurya Bandita Ltd to set up a 40 MW captive solar plant at Dhule in Maharashtra

Mumbai-based alternative credit platform BlackSoil raises $25 mn

BlackSoil, a Mumbai-based alternative credit platform, on Tuesday said it has raised over $25 million (about Rs 205 crore) through its diverse debt products

Hikal ownership dispute: Kalyani family spar over 1993 agreement

Baba Kalyani's sister Sugandha, husband move court against the Bharat Forge promoter for full ownership of chemical company Hikal; Kalyani points to intervening agreements and statute of limitations

After $3 bn, Reliance Industries, Jio raise $2 bn foreign exchange loan

Barely days after signing a $3 bn financing in India's most widely syndicated loan, RIL and its unit Jio have raised $2 bn add-on foreign currency facility at most competitive rates, sources said

PhonePe launches shopping app for ONDC, marking e-commerce entry

Shopping app 'Pincode' to take on the likes of Amazon, JioMart

3.1 mn jobs shortfall in cybersecurity, skill shortage hits Indian firms

The '2023 Global Cybersecurity Skills Gap Report' also found that 24 per cent of Indian organisations experienced five or more breaches

Britannia Industries declares interim dividend of Rs 72 per share for FY23

The record date for determining the eligibility of shareholders for payment of Interim Dividend is April 13, 2023

Eastern Railway's revenue sees 21.17% jump to Rs 10, 502 cr in FY'23

The Eastern Railway on Tuesday said it has earned a total revenue of Rs 10,501.99 crore in the 2022-23 financial year, registering a 21.17 per cent growth over Rs 8,667.12 crore mop-up

TVS Motor Company's Singapore arm to buy 25% stake in Killwatt GmbH

TVS Motor Company on Tuesday said its Singapore-based arm will acquire a 25 per cent stake in Germany-based electric mobility products and components startup Killwatt GmbH

V3 Ventures plans to invest 30 mn euros in Indian start-ups

V3 Ventures, Co-Founder and Investment Partner, Arjun Vaidya said that the company plans to invest the rest of the fund in the US and Europe

Capex cannot be driven by public investment, says industry body Assocham

Industry body Assocham said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy

Venture debt platform Blacksoil announces raising $25 mn in fresh capital

Company says it start-ups looking for support amid funding winter are turning to venture debt

Meta pauses hirings after mass layoffs, no longer listing remote positions

After laying off 21,000 employees in two job cut rounds, Meta is further looking to cut costs, and has reportedly plans to lower bonus payouts for some workers in its 'Year of Efficiency'