LiveIndian-origin Ex-Mastercard CEO Ajay Banga Confirmed as Next World Bank President
Ajay Banga, an Indian-origin business leader, has been named the next World Bank President. He will take over as President for the next five years...
Category : BUSINESS
ITC Acquires 39% Stake in Yoga Bar Owner Sproutlife Foods for Rs 175 Crore
FMCG major ITC has acquired a 39% stake in Sproutlife Foods by acquiring 2,443 equity shares of Rs 10 each and 7,215 mandatory convertible preference...
Broadcom Convinces EU Antitrust Regulators on $61 Billion VMware Deal
On Friday, US chipmaker Broadcom would convince EU antitrust regulators about the $61 billion bid for cloud computing firm VMware. It has triggered regulatory scrutiny...
Wadia Group Considers a One-time Settlement Offer in GoFirst Crisis
The beleaguered GoFirst airline owner Wadia Group plans to go for a one-time settlement with banks wherein creditors will take a “substantial haircut”, the media report mentioned....
Adani Ports Sees 13% Increase in Traffic in April
On Thursday, Adani Group’s ports firm reported monthly cargo volumes hit a record high in April as container traffic rose and iron ore and coal...
Adani Ports and Special Economic Zone Sells Myanmar Port for $30 Million
Adani Ports and Special Economic Zone Ltd (APSEZ) said on Thursday it had completed the sale of Myanmar port for a total consideration of $30...
Chiratae-Backed Alternative Financing Fintech Getvantage Gets NBFC License
Chiratae Ventures-backed alternative financing fintech platform Getvantage has secured a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). This development will...
RIL Shareholders & Creditors Approve Demerger of Reliance Strategic Ventures
On Thursday, Reliance Industries Limited’s shareholders, with its secured and unsecured creditors, permitted the demerger of the company’s financial services firm, Reliance Strategic Ventures. The...
PhonePe Launches UPI Lite for Smaller Payments 2 Months After Paytm
PhonePe rolled out the UPI (Unified Payments Interface) Lite payments feature in its app to offer faster payments for smaller transactions two months after its...
NCLT Lists GoFirst Insolvency Plea for Hearing Tomorrow
Delhi’s National Company Law Tribunal has agreed to hear cash-strapped airline GoFirst’s voluntary insolvency plea on Thursday. GoFirst lawyers referred the request before NCLT on...