LiveTop US Banks Exceed Earnings Estimates on Rising Interest Rates
Asia’s Nikkei reported that top US banks delivered solid quarterly profit growth on Friday, beating analysts’ expectations, as the sector’s biggest lenders shrugged off the...
Category : BUSINESS
Ashok Leyland Launches “Re-AL”, a New e-marketplace for Used Commercial Vehicles
On Saturday, Hinduja Group’s Truck and Bus Manufacturing subsidiary, Ashok Leyland, announced the launch of a new e-marketplace, ‘Re-AL’, which will aim at the used...
US Fed Approves UBS’s Plan to Takeover US Subsidiaries of Credit Suisse
UBS Group AG has received approval from the US Federal Reserve to acquire Credit Suisse’s US subsidiaries. The deal, brokered by the Swiss authorities, will...
Vedanta Board Approves Plan to Issue NCDs to Raise Rs 2100 Crore
The board of Vedanta Ltd, a global natural resources and mining company, authorised a proposal to raise Rs 2,100 crore by issuing secured, redeemable, and...
NFRA Imposes Ban, Fine on DHFL Branch Auditors
The National Financial Reporting Authority (NFRA) has imposed a total ban and a fine of Rs 400,000 on four partners of an audit firm, Varghese...
BPCL Gets MP Govt’s Green Flag for Rs 50,000 Crore Project
Bharat Petroleum Corporation Ltd (BPCL) has received the Madhya Pradesh government’s approval to expand the Bina refinery and set up a petrochemical project there. The...
Zee Music Renews Licensing Agreements with YouTube and Meta
Zee Music Company, a Zee Entertainment Enterprises Limited (ZEEL) unit, has renewed its licensing agreement with two digital content streaming companies, YouTube and Meta. The...
India and US Promote Semiconductor Manufacturing, China Chip Imports Nosedive
According to a media report on Friday, China’s chip imports have declined by 23% in the first quarter of 2023 as India and the US...
NCLT Grants 90-Days Extension to Future Retail to Conclude Insolvency
NCLT has granted Future Retail Ltd (FRL) a 90-day extension to complete the company’s corporate insolvency resolution process (CIRP). Allowing FRL’s plea, the Mumbai judges...
Muthoot Finance Completes $225 Million Pre-Payment of External Commercial Borrowings
On Friday, gold financing firm Muthoot Finance said it completed an advance on a $225 million external commercial borrowing (ECB) on April 13. External commercial...