LiveUPI to Account for 90% of Retail Transactions in 5 Years, Says RBI Bulletin
Unified Payments Interface (UPI) transactions could account for 90% of total retail digital transactions over the next five years, up from 75.6% at the end...
Category : BUSINESS
HDFC Life Faces Rs 942 Crore GST Demand
HDFC Life Insurance has received a cause-and-demand notice from the Directorate General of Goods and Services Tax Intelligence asking why the insurance company should not...
BPCL to Raise Rs 17,000 Crore to Drive Net Zero Initiative
Bharat Petroleum Corporation (BPCL) is about to issue a rights issue worth Rs 17,000 crore in tranches, heralding an equity injection by the state oil...
Adani-EdgeConneX JV Seals Deal to Raise $213 Million to Build Two Data Centers
AdaniConneX, a joint venture (JV) between Adani Enterprises and EdgeConneX, on Friday, announced in a regulatory filing that several banks have entered into a financial...
Coal Power Capacity Plunged as Demand Surges
The nation, one of the world’s top carbon emitters, has around 27 gigawatts of coal-based power plants constructing, and another 24 gigawatts of capacity is...
Micron to Set up $2.7 Billion Chip Assembly Plant in Gujarat
American semiconductor giant Micron Technology announced it plans to invest in a $2.7 billion assembly and test plant in Gujarat. The announcement came after the...
Reliance Consumer to Expand its Brand ‘Independence’ in North India
Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods (FMCG) arm of the Mukesh Ambani-led Conglomerate Reliance Industries, on Wednesday, announced its plans to expand...
Go First Seeks Additional Funds Upto Rs 600 Crore For Operations
Cash-strapped airline, Go First has requested additional funds to continue its operations at a lenders’ meeting on Wednesday, a Reuters report said. Go First, formerly...
HDFC Sells 90% Stake in Credila for Rs 9,060 Crore to Baring PE and ChrysCapital
Housing Development Finance Corp Ltd (HDFC) on June 19 announced that it sold 90% of its total stake in its subsidiary HDFC Credila Financial Services...
Alibaba Group Announces Succession Plans Ahead of Cloud Unit Listing
E-commerce giant Alibaba Group on Tuesday announced that the current Chairman and CEO, Daniel Zhang, will step down from his position, and Eddie Yongming Wu...