LiveIndia 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...
Category : BUSINESS
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...
Cochin 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...
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...