Page 2270 - Company News

HSBC's AMC acquires L&T Mutual Fund business for $425 million

If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore

ED slaps Rs 80-cr fine on Magma HDI, Sanjay Chamria, Mayank Poddar

The total amount of penalty of Rs 80 crore is to be deposited within 45 days from the date of receipt of this order

IOC to invest Rs 9,028 crore for setting up a new crude oil pipeline

IOCL operates a network of more than 15,000-km long crude oil, petroleum product and gas pipelines

Brazil's Vale sells coal assets to Jindal's Vulcan Minerals for $270 mn

Vulcan is a private company and part of $18-billion Naveen Jindal Group

FIBAC 2021: India Inc spoilt for choice as funding avenues open up

Panelists at FIBAC say banks lose monopoly of being only source of funding to firms

Trials start for Equillium drug for autoimmune disease after India approval

Equillium secured exclusive rights to develop and commercialise itolizumab for the US and Canada markets, in May 2017.

Consumption revival to drive growth for Phoenix Mills' stock in medium-term

Capital infusion, lower debt will help execute expansion plan

Health & fitness start-up Healthquad raises $1 mn from Pat Cummins, others

The fast bowler who is also the Test Captain for Australia will be the company's brand ambassador

Fintech startup mPokket plans to hire 1,500 people in 2022

The Kolkata-based company recruited over 500 people across all functions between April and December 2021

IndiGo appoints Neetan Chopra as chief digital & information officer

He previously held the position of senior vice-president of IT and innovation at Emirates, according to a statement

Jindal SAW to set up precision machine shop in JV with Hunting Energy

Jindal SAW would hold 51 per cent stake in the JV, while Hunting Energy will own the remaining 49 per cent

HSBC AMC acquires L&T Finance's mutual fund unit for Rs 3,200 cr

The divestment of mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, says the company

Electric scooter start-up Ather Energy scales up expansion in Kerala

New outlet called in Pattom, Thiruvananthapuram, provides customer support and overview of company's vehicles.

CMS Info Systems IPO subscribed 1.95 times on last day of offer

The price range of the IPO was at Rs 205-216 per share

Elon Musk's Tesla rises back to over $1 trillion valuation: Report

The recent surge happened on a slow news day

Havells' washing machine manufacturing unit in Rajasthan goes on stream

Homegrown consumer appliances major Havells India on Thursday said its washing machine manufacturing unit at Ghiloth in Rajasthan has gone on stream.

CAIT opposes Amazon's plan to take over Cataraman's stake in Prione

In August, Amazon and N R Narayana Murthy's Catamaran had announced that they will not continue their joint venture Prione Business Services beyond May 2022

IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups

The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.

HC to hear Amazon's plea challenging ED's probe into FEMA violation in Jan

Last month, Amazon had said it was in receipt of summons by the ED in connection with its deal with the Future Group

REC gets $169.5 mn from KfW Development Bank for power, renewable projects

This is the fifth credit line signed between REC Ltd and KfW for financing power sector projects and the third credit line for the financing of renewable energy projects