LiveMuthoot Finance to Prepay $550 Million External Commercial Borrowings
Gold loan lender Muthoot Finance announced in a March 28 exchange filing that it plans to prepay $550 million in external commercial borrowing due September...
Category : BUSINESS
Kotak Mahindra Bank Unit Raises $1.25 Billion for 2nd Special Situations Fund
On Tuesday, an arm of Kotak Mahindra Bank announced it had raised $1.25 billion for its second special situations fund. Funds raised will be used...
Sterlite Tech Shares Fall as it Enters into Agreement to Transfer Telecom Business
Sterlite Technologies Limited (STL) has signed an amended and restated agreement on March 27, 2023, with Skyvera LLC, through its Indian subsidiary, to transfer its...
Apple Quietly Acquired AI-Powered Video Compression Startup WaveOne
Apple quietly acquired WaveOne, a California-based startup that develops AI algorithms for video compression. While Apple did not announce the acquisition, Bob Stankosh, former WaveOne...
Shiprocket and eBay Collab to Ease Cross-Border Shipping
Shiprocket X, a cross-border shipping product of Shiprocket, has announced a partnership with global e-commerce platform eBay to provide cross-border e-commerce solutions for Indian small...
IMK Capital Invests in AVPL at Rs 500 Crore Valuation
Leading private equity firm IMK Capital announces investment in AVPL, a fast-growing technology company, at a valuation of Rs 500 crore. This strategic investment will...
Berkshire Hathaway Increases Stake in Occidental Petroleum to 23.6%
Warren Buffett’s Berkshire Hathaway raised its stake in Occidental to about 23.6% after adding nearly 3.7 million shares. The acquisitions, which Berkshire disclosed in a...
Finance Bill Amendment Provides Marginal Relief for Income Slightly Above Rs 7 Lakh
On March 24, the Lok Sabha passed the Finance Bill 2023 with several amendments, including a marginal relief for those earning slightly above Rs 7...
India’s $1 Trillion Bond Market Sees Rising Influence of Insurers
Rising public wealth in India is causing a major shift in its $1 trillion sovereign bond market. Their savings through life insurance companies, provident funds...
RBI Fines 2 Banks for Breaking Rules
On March 27, the Reserve Bank of India (RBI) said it had fined two banks for violations and non-compliance with norms. Aligarh Zila Sahkari Bank...