LiveBanks Might Need Rs 84,000 Crore Excess Capital Following RBI’s Tweaks On Unsecured Loans
Reserve Bank of India, on 17 November, tightened the norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight...
Category : BUSINESS
Hinduja Group Firm to Acquire Debt-ridden Reliance Capital, RBI Approves Resolution Plan
The Reserve Bank of India (RBI) has approved the resolution plan for debt-ridden Reliance Capital, paving the way for Hinduja Group entity IndusInd International Holdings...
Bharti Airtel to Allot 14.16 Lakh Equity Shares to Selected FCCBs Holders
Bharti Airtel, on 17 November, announced that its committee of directors have approved the allotment of 14.16 lakh equity shares at a conversion price of...
Corporates Suspend Advertisements on X Following Musk’s Support for Antisemitic Post
Several major brands, including Apple, IBM, Disney, Lionsgate, and Warner Bros, have decided to suspend their advertisements on the social media platform X (formerly Twitter)...
Amazon to Starting Selling Cars Online in 2024, Partners with Hyundai
Amazon has teamed up with Hyundai to sell cars online, with the venture set to kick off in the second half of 2024. The announcement...
TVS Motors Partners with Emil Frey Group to Enter the European Market
TVS Motors on 16 November announced that it had forged a partnership with Zurich-based Emil Frey Group to enter the European Market. The company has...
AstraZeneca Plans to Exit the Manufacturing Site in Bangalore
Pharma giant AstraZeneca announced on 16 November that it is planning to exit the manufacturing site in Bangalore ‘in due course.’ In its regulatory filing,...
Vedanta’s Subsidiary to Set Up New Unit for Copper Business in Saudi Arabia
Vedanta’s subsidiary, Malco Energy Ltd, has announced that it has set up a new unit for its copper business in Saudi Arabia at an investment...
Tata Technologies Set to Launch its IPO; Price Band Rs 475-500 Per Share
Tata Technologies, Tata Group’s first company to go public after almost two decades. The company has set the price band for its IPO at Rs...
Divi’s Laboratories Receives GST Demand Notice for Rs 82 Crore
Divi’s Laboratories, on 16 November, received a demand notice of Rs 82 crore from the goods and service tax (GST) Commissionerate. The notice was issued...