LiveHi Fabrique Group Acquires Tessitura Monti Spa’s Indian Operations
On Monday, Bengaluru-based cotton fabric maker Hi Fabrique Group announced the acquisition of the Indian operations of Tessitura Monti Spa. This Italian company spins, weaves,...
Category : BUSINESS
Adani Group Suspends Rs 34,900 Crore Petchem Project Amid Hindenburg Fiasco
At Mundra in Gujarat, Adani Group suspended work on a Rs 34,900 crore petrochemical project, focusing on funds to unite operations and report investor concerns...
Credit Suisse States $17 Billion Debt Valueless, Angers Bondholders
Angering bondholders on Sunday, Credit Suisse stated that 16 billion ($17.24 billion) Swiss francs of its Additional Tier 1 debt would be written down to...
BPCL Raises Rs 935 Crore Through Issuance of NCDs
On March 18, state-owned Bharat Petroleum Corporation Ltd (BPCL) announced that it had raised Rs 935.61 crore by issuing non-convertible debentures (NCDs) to accredited investors....
RBI Signs MoU with UAE Central Bank to Facilitate Cross-Border CBDC Transactions
The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) have signed an MoU on financial product innovation in...
India has Never Halted Trade Relations with Pakistan, Says Indian Diplomat
According to a senior Indian diplomat, India has never stopped its trade relations with Pakistan and is eager to normalise business ties. Suresh Kumar, India’s...
SVJN Green Energy Gets 200 MW Solar Project in Maharashtra
SJVN, a state-owned company in India, has announced that its wholly-owned subsidiary, SJVN Green Energy, has been awarded a 200 MW solar power project in...
Credit Suisse and UBS Under Pressure to Merge
Credit Suisse Group AG began a make-or-break weekend as regulators urged it to strike a deal with Swiss rival UBS AG, with some rivals turning...
RBI Imposes Rs 5 Lakh Fine on HDFC
On Friday, the Reserve Bank of India said it had fined Housing Development Finance Corporation Limited (HDFC) Rs 5 lakh for non-compliance with specific regulations...
Centre Removes Investment Cap for NTPC’s Green Power Arm
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has exempted India’s largest power generation company and Maharatna PSU NTPC Limited...