The managing director and chief executive officer of IndusInd Bank left his post on April 29, just hours after the stock market closed and right after the bank allegedly announced that it was thinking of redoing assets on its balance sheet, something that S&P Global Ratings had already
The Government of India launched Sovereign Gold Bonds (SGBs) in 2015, and since then, they have provided investors an exclusive means to latch onto gold's price uptrend while pocketing fixed returns. Storage and authenticity worries do not plague SGB investors as they do with direct gold ownership. Additionally,
The goal of the acquisition is to leverage Redwolf's knowledge of fan merchandise to improve the startup's goods and services. Ameya Thakur, Rahul Jaisheel, and Vivek Malhotra founded Redwolf, a clothing company that creates and produces graphic t-shirts and other accessories, in 2011.
This is the fourth round of exits at the Bengaluru-based software behemoth. About 150 of the affected individuals have signed up for outplacement services, while about 250 have enrolled in upskilling programmes offered by NIIT and UpGrad.
The lender in the private sector was responding to news that over 100 top staff members had been asked to resign.
VerSe Innovation, the parent company of DailyHunt and Josh, is situated in Bengaluru. In its audit report for the fiscal year that ended in March 2024 (FY24), Deloitte found flaws in its internal financial controls.
Canara HSBC Life Insurance Company Limited, a prominent bank-led private player in the Indian life insurance sector, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Canara Bank and HSBC Insurance (Asia-Pacific) Holdings Limited are the promoters of the company. The offer comprises
Franklin Templeton Category II Alternative Investment Fund Trust, a Category II Alternative Investment Fund (AIF) is managed by Franklin Templeton Alternative Investments (India) Pvt. Ltd. Franklin India Credit AIF – Scheme I, the first scheme under the above license has been established in accordance with Securities and Exchange Board of India
According to a report, which cited sources, the fired CEO was summoned twice but did not show up before the EOW. Thus, a formal complaint was filed.
In an attempt to avoid numerous charges piling on top of one another, a White House official announced on April 28 that imported cars would also be exempt from separate tariffs on steel and aluminium.
India's commercial vehicle space is undergoing a giant upheaval. Mahindra & Mahindra took a firm step in this very direction when it acquired a 58.96% stake in SML Isuzu, for INR 555 crore, at INR 650 per share. This not only brings Mahindra up to the fourth
Ather Energy’s highly awaited initial public offering opened with a comparatively tepid response, achieving just over 12% overall subscription on day one. Retail investors were the main driver behind that early subscription lift, with their category achieving 46% subscription by the end of the first day. Meanwhile, non-institutional investors
When Bert Mueller picked India instead of Europe for his study abroad program, people were hardly placing bets that it would lead to the establishment of a company worth millions. While many of his fellow students chose the well-trodden paths of Spain and Italy, Mueller opted for the narrow, less-frequented
On Monday, the Indian rupee staged a swift rally, momentarily appreciating to 84.96 against the US dollar before settling at 85.03. This was the rupee's best trading day since December 20, 2024, and a marked improvement from a close of 85.49 last Friday. Dealers attributed
Scott Bessent, Secretary of the Treasury, has made it clear that easing current trade tensions is the responsibility of China. In an interview with CNBC's Squawk Box, Bessent explained that the trade relationship between the US and China is heavily tilted in China's favor, with it
Urban Company, a leading on-demand services platform, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) valued at up to INR 1,900 crore. The IPO is a mix of a primary issuance and an offer-for-sale
Under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) programme, the government is taking this action in an effort to reduce the backlog and guarantee the prompt distribution of EV subsidies.
Dixon is currently considering producing parts like camera modules, mechanical enclosures, and lithium-ion batteries after apparently beginning work on a project for display modules.
According to a report, the acquisition aims to assist the fast commerce company consolidate local control ahead of its planned initial public offering (IPO) by purchasing shares from current international investors. Edelweiss has made a legally binding offer.
Day 1 of GEPL Season 2 featured four high-energy matches, including a double header for the home team, Bengaluru Badgers and Mumbai Grizzlies. Season 2 of the highly anticipated Global e-Cricket Premier League (GEPL), powered by JetSynthesys, a global leader in digital entertainment and technology, got underway at the Koramangala
Similar to their rivalry in the telecom industry, the move places Reliance Industries up against a group that includes Sunil Mittal of the Bharti Group, among others.
A well-known media site broke the story of Cars24's layoffs first, and since then, a lot more information about the company's decision to fire more than 200 workers has surfaced
During the earnings call earlier this week, Reliance Retail's CFO Dinesh Taluja stated that the company saw a tremendous scale-up in the March quarter, with orders growing by more than 2.4 times.
The innovative beverage brand, featured on Shark Tank India, will use funds to expand its presence in Quick Commerce, premium hospitality, and scale its patented Crystal Bottle. Malaki, an innovative and sustainable premium beverage brand, today announced the successful closing of its Seed funding round, raising INR 5.7 crores.