LiveCochin Shipyard Wins Order for World’s First Zero-Emission Feeder Container Vessels
Cochin Shipyard Limited (CSL) has received an order worth Rs 550 crore from a global logistics provider to design and build two “zero emission feeder...
Category : BUSINESS
Ahan-I Sells Stake in Biocon for Rs 380 Crore
On Friday, hedge fund Ahan-I Ltd sold a 1.57% stake in pharmaceutical company Biocon for Rs 380 crore through an open market transaction. The bulk...
NCLT Approves Propel Plastic Products-Plastauto Bid for Sintex-BAPL
On Friday, the National Company Law Tribunal (NCLT) approved the bid for debt-laden Sintex-BAPL by a consortium comprising Propel Plastic Products Pvt Ltd and Plastauto...
HDFC-HDFC Bank Merger Approved, Board Considering Raising Funds Through NCDs
India’s largest mortgage lender, Housing Development Finance Corp (HDFC), plans to raise funds through non-convertible debentures (NCDs) to meet its capital requirements post-merger with HDFC...
IDBI Bank Privatisation Follows Strategic Sale Process, DIPAM Says
The Government of India has confirmed that the divestment of IDBI Bank is proceeding according to the defined strategic sale process. The Industrial Development Bank...
PhonePe Raises Another $200 Million in Ongoing Funding from its Biggest Shareholder Walmart
Digital payments and financial services unicorn PhonePe have raised another $200 million in an ongoing $1 billion funding round from its largest shareholder, Walmart, at...
ZEEL Stated ‘Speculative Report’ on $10 Million Repayment to IndusInd Bank
On March 16, Zee Entertainment Enterprises Limited (ZEEL) condemned the report, stating that the company is ready to repay $10 million to IndusInd Bank for...
Vedanta Resources Repays $250 Million Loan
Vedanta Resources Ltd (VRL), led by mining tycoon Anil Agarwal, has repaid a $250 million loan it received from Barclays and Standard Chartered Bank, regulatory...
Lenskart Raises $500 Million from Abu Dhabi Investment Authority at $4.5 Billion Valuation
Eyewear startup Lenskart has raised $500 million from a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), in one of the largest funding rounds...
Paytm UPI LITE Crosses 20 Lakhs Users with More Than 5 Lakh Daily Transactions
On Wednesday, Paytm Payments Bank announced that its Paytm UPI LITE had surpassed 2 million users. The bank has recorded more than 5 lakh daily...