LiveRBI Cancels License of Maharashtra-Based Laxmi Cooperative Bank
The Reserve Bank of India (RBI)announced the cancellation of the licence of Maharashtra-based Laxmi Co-operative Bank because of a shortage of capital. Every depositor would...
Category : BUSINESS
Tata Steel to Merge All Metals Companies Under Tata Group
One of India’s largest steel producers, Tata Steel, has announced that it will merge all the metals companies of the Tata Group into itself. Under...
PepsiCo to Invest Rs 3,740 Cr to Establish Four Industrial Units in UP
PepsiCo’s all-India franchisee Varun Beverages Ltd has been given land in Gorakhpur, Amethi, Prayagraj and Chitrakoot districts of Uttar Pradesh for setting up units for...
Exide Industries to Invest Rs 6,000 Cr in Establishing Lithium-ion Unit in Karnataka
Industrial battery maker Exide Industries is planning to invest Rs 6,000 crore in the next 8-10 years to establish a 12 gigawatt-hour lithium-ion cell manufacturing...
Singtel Arm Sells 1.59% Stake in Bharti Airtel for Rs 7,261 Crore
On Thursday, Singtel‘s entity Pastel Ltd sold a 1.59% stake in Bharti Airtel for Rs 7,261 crore in open market trading. According to block trade...
Bombay Dyeing BOD Approves Rs 940 Crore Fundraising Plan
Yesterday, Bombay Dyeing & Manufacturing Company announced fundraising through issuance and allotment of equity shares for an aggregate amount of up to Rs 940 crore....
Reliance New Energy to Acquire 20% Stake in US-Based Caelux for $12 Million
Reliance New Energy, a wholly-owned subsidiary of Reliance Industries, announced on September 23 that it would invest $12 million in US-based Caelux for a 20%...
Tesla Recalls 1.1 Million US Vehicles to Update Window Reversing Software
Tesla recalls nearly 1.1 million US vehicles as the window automatic reversal system does not react correctly after detecting an obstruction, thereby increasing the risk...
Ceres Power Shares Fall After Fuel Cell Maker Delays Timing of Key China JVs
On Wednesday, shares in Ceres Power Holdings PLC (LON:CWR) fell sharply after the company pushed back the time frame for it to start seeing proceeds...
Meta Platforms Confirming Cost Cuts to be a Key Catalyst, Morgan Stanley Says
The Wall Street Journal has reported that Meta Platforms (NASDAQ: META) may cut costs by 10 cents or more over the next few months. The...