LiveTata Group to Buy 68% in BigBasket for Rs 9.5K Crore
The Tata Group is in the final stages of acquiring a majority stake of 68 per cent in Supermarket Grocery Supplies, which runs and operates online grocery...
Category : BUSINESS
Amazon to Make in India, to Start Production in Chennai by 2021
Amazon India is planning to make its devices in India- a key step at a time when the government has been stressing the importance of local...
VI to Scrap 3G Services by FY22 Will Focus on 4G for Revenues
Vodafone Idea (Vi) plans to shut 3G services by FY22 and become a 4G focused telecom operator. Its 2G services, which consists of the largest subscriber...
Heranba Industries IPO to Open on February 23; Price Band Set at Rs 626-627
The initial public offer (IPO) of Heranba Industries, a Gujarat-based agrochemicals company, will open for public bidding on February 23 and close on the 25th. The company plans...
RBI Announces Operation Twist Worth Rs 10,000 Crore
The Reserve Bank of India (RBI) will simultaneously sell and purchase government securities under open market operations (OMOs) on 25 February it said on Monday. Typically, the...
Indiabulls Housing Finance Book Shrinks More as Asset Quality Fixes Continue
Indiabulls Housing Finance Ltd has been shedding its troubled wholesale loan book and continued to do so even in the December quarter. This strategy seems to...
Abu Dhabi-Based ADQ to Invest $70 Mn in Policybazaar
ADQ, the Abu Dhabi-based investment firm, is set to invest $70 million in the parent of Policybazaar, according to the Mint report. The insurance aggregator has...
India Inc Shows Stronger Profit Growth in Q3
India Inc registered a powerful double-digit, year-on-year growth in combination with internet profit for the second straight quarter, primarily helped by price optimization and partly by...
Sunteck Realty Q3 Net Profit Rises 59% QoQ, Revenue Up 43%
Realty developer Sunteck Realty has reported 59% sequential growth in net profit at Rs 22 crore for the quarter ended December with a 43% rise in revenue...
Vedanta to Invest $10 Billion in Divestment Bound PSUs
Anil Agarwal-led Vedanta Resources has tied up with London-based investment firm Centricus to set up a $10-billion fund to invest in government entities that will be up...