LivePiramal, Bain-Promoted India Resurgence Fund Acquires Control in Impresario
India Resurgence Fund, an India-focused investment platform driven by Piramal Enterprises Limited and Bain Capital, announced an investment of Rs 550 crore in top food...
Category : BUSINESS
Open Gets RBI’s In-Principle Approval For Payment Aggregator Licence
Open, a new business-to-business banking platform, has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license, the company...
Sembcorp to Acquire Vector Green Energy for Rs 2,780 Crore
Singapore-based Sembcorp Industries subsidiary Sembcorp Green Infra will buy Vector Green Energy for about Rs 2,780 crore (S$474 million), which will help it add 583...
UK GDP Dropped 0.2% in Q3 as Energy, Cost-of-Living Crises Bit
The UK economy plunged for the first time in six quarters in three months. As Europe’s energy crisis drove inflation to its highest in about...
Daimler Truck Faces Supply Chain Troubles As Q3 Unit Sales Jump
On Friday, Daimler Truck (OTC:DDAIF) reported a 27 per cent leap in Q3 unit sales to nearly 135,000 as the chip shortage eased. However, it...
Richemont Shares Surge as HY Results Beat Estimates
On Friday, shares in Cartier-owner Compagnie Financiere Richemont SA (SIX:CFR) leapt sharply after the company posted better-than-expected Q2 sales and first-half operating profit. Sales during...
Ola will Shut Down Its Infotainment Service, Ola Play, from November 15
On November 11, ANI Technologies, the parent company of ride-hailing company Ola, said it would shut down its in-car infotainment service Ola Play from the...
Union Bank of India Ranks Second in IBA’s EASE Reform Index
According to the EASE Reform Index report released by the Indian Banks Association (IBA) for the first quarter of FY22-23, Union Bank of India ranked...
Inox Green Raises Rs 333 Crore from Anchor Investors
Inox Green Energy Services, a subsidiary of Inox Wind, has raised Rs 333 crore from lead investors. The funds were raised a day before the...
M&M to Sell Controlling Stake in Peugeot Motocycles to Mutares
Germany-based Mutares SE & Co will acquire an 80% controlling stake in Peugeot Motocycles, the French subsidiary of Mahindra & Mahindra. The Mumbai-based auto giant...