LiveTemasek’s Shears Inks Deal to Buy Majority Stake in Manipal Hospitals
Sheares Healthcare India, backed by Singapore’s Temasek, has reached a deal to acquire a majority stake in Manipal Hospitals, led by billionaire Ranjan Pai, multiple...
Category : BUSINESS
ONGC Videsh Wins $190 Million Arbitration Award Against Sudan
ONGC Videsh Ltd (OVL) has won a $190 million arbitration award against Sudan in a protracted dispute over oil and pipeline payments, a media report...
SP Group Raises Funds by Pledging Tata Sons Shares
Shapoorji Pallonji Group (SP Group), the single largest shareholder of Tata Sons, intends to raise funds through equity pledges and other means to repay part...
NMDC Steel Privatisation to be Completed in First Half of Current Fiscal Year
The strategic divestment of NMDC Steel is expected to be completed in the first half of this fiscal, which could bring the government about Rs...
RBI Allows Rupee Non-Deliverable FX Derivatives Contracts to Residents
The regulator’s decision to allow banks to offer rupee non-deliverable foreign exchange derivatives contracts (NDDC) to Indian residents will help eliminate arbitrage between domestic and...
RBI to Set Up Portal to Search Unclaimed Deposits in Multiple Banks
On Thursday, the Reserve Bank of India (RBI) announced a centralised portal for accessing details of depositors’ or their beneficiaries’ unclaimed deposits across banks. As...
Curefoods Raises Rs 300 Crores in a Round Led by Flipkart Founder
House of Brands and a cloud kitchen operator, Curefoods successfully raised Rs 300 crore last week in a funding round led by Flipkart founder Binny...
RBI Allows UPI to be Linked to Credit Line Pre-Sanctioned by Banks
On Thursday, the Reserve Bank of India (RBI) proposed expanding the scope of the Unified Payments Interface (UPI) digital payment system to allow transfers in/out...
RBI Policy – Repo Rate Kept Unchanged at 6.5%
On April 6, the Monetary Policy Committee (MPC) chose to retain the repo rate, considering the chaos caused by the global banking crisis with contagion...
Citi Opens Branch at GIFT IFSC to Offer Financing Solutions
On Wednesday, Citi opened a branch in Gujarat International Fintech City – International Financial Services Centre (GIFT-IFSC). The branch will provide long-term and short-term financing...