LiveL&T Finance & Infra Credit sell Rs 1827 Crore loan to Arcil
L&T Finance, along with subsidiary L&T Infra Credit bought Rs 1,827.5 crore of troubled loans to the Capital-backed Asset Reconstruction Company of India (Arcil) this...
Category : BUSINESS
Shriram Finance Secures $100 Million from ADB for Inclusive Financing
Shriram Finance (SFL), India’s most significant retail NBFC and part of the Shriram Group, has secured $100 million in long-term funding from the Asian Development...
Skipper Receives Orders Worth Rs 2,570 Crore from BSNL In Rajasthan, Odisha
Power company Skipper Limited on December 30 said it had secured a new order worth Rs 2,570 crore from Bharat Sanchar Nigam Ltd (BSNL). The...
Adani’s NDTV Founders’ Stake to Test Acquisition Rules
NDTV Founders Prannoy Roy and Radhika Roy sold 27.26% of their equity in NDTV to Adani-controlled RRPR Holding at 342.65 rupees per share, as per...
Cipla to Invest €15 Million in Ethris, mRNA-based Therapies
Cipla’s wholly owned UK arm has contracted in Ethris worth €15 million, a universal leader in transporting mRNAs directly to the respiratory system with administration...
ICICI Prudential Life Crosses Rs 2.5 Lakh Crore AUM Milestone
On Thursday, ICICI Prudential Life Insurance Company said its assets under management (AUM) had crossed the Rs 2.5 lakh crore milestone. This is the result...
H.G. Infra Junos on Bagging LoA From NHAI
After the company received a letter of award (LoA) from the National Highways Authority of India (NHAI) for a hybrid annuity model (HAM) project in...
Reliance to Acquire 51% Stake in Lotus Chocolate
On Thursday, Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail Ventures, said it would acquire a 51% stake in Lotus Chocolate for Rs...
Spandana Sphoorty Sells Distressed Loan Portfolio for Rs 95 Crore
Spandana Sphoorty Financial said in a filing to the exchange that its board has approved the transfer of its non-performing loan portfolio, including cancelled loans,...
Bank of India MF, Ex-CEO, Others Settle Sebi Case Over Valuation
Bank of India Mutual Funds (MF) has settled an investigation initiated by the Securities and Exchange Board of India (Sebi). Sebi, in November 2022, accused...