LiveIMK 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...
Category : BUSINESS
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...
Saudi National Bank Chair Resigns over “Personal Reasons” following the Credit Suisse Debacle
The Saudi National Bank (SNB) has appointed Saeed Mohammed Al Ghamdi as its new chairman, replacing Ammar Al Khudairy, who resigned for personal reasons. The...
Softbank-Backed Oyo Scales Back Planned IPO Amid Tech Headwinds
Oyo Hotels slashed about two-thirds of the shares it planned to sell in an initial public offering, a move by its founders trying to close...
HDFC Plans to Raise Rs 57K Crore in Private Placement Ahead of Merger with HDFC Bank
The board of mortgage lender Housing Development Finance Corporation (HDFC) has approved plans to raise an additional Rs 57,000 crore by issuing non-convertible debentures (NCDs)...
EPFO Continues to Invest in Adani Ports, Adani Enterprises Despite Recent Slump
The Employees Provident Fund Organisation (EPFO), which manages the retirement savings of 27.73 crore Indians, continued to invest in Adani Enterprises and Adani Ports even...
IDFC First Bank Partners with Crunchfish to Demonstrate Offline Retail Payments
On Monday, IDFC First Bank partnered with Swedish company Crunchfish to pilot a project demonstrating offline retail payments. IDFC First Bank will be part of...