New Delhi (ANS) DBS Bank India Ltd (DBIL) on Friday announced it has received capital infusion of Rs 2,500 crore from DBS Bank Ltd, Singapore, to support the India franchise, following the amalgamation of the Lakshmi Vilas Bank (LVB) with … read more
New Delhi (IANS) The Supreme Court on Wednesday stayed the National Company Law Appellate Tribunal’s (NCLAT) March 4 order asking the Competition Commission of India (CCI) to initiate a probe against e-commerce major Flipkart for alleged use of its dominant position. … read more
New Delhi (IANS) Amazon on Tuesday revealed that the company has witnessed its largest holiday shopping season so far this year, as independent businesses selling on Amazon surpassed $4.8 billion in worldwide sales from Black Friday through Cyber Monday — an … read more
New Delhi (IANS) The helmet manufacturing industry expects the demand for BIS certified two-wheeler helmets to sky-rocket after the Centre implemented new norms. The Centre, in a recent notification, mandated that only BIS certified two-wheeler helmets would be manufactured and sold … read more
New Delhi (IANS) One of the State Bank of India (SBI)’s investors, French giant Amundi has announced that it would sell off its SBI green bonds if the bank grants a Rs 5,000 crore loan to Adanis Carmichael coal mine in … read more
Ahmedabad (IANS) Private sector transmission entity Adani Transmission Ltd. (ATL) has acquired Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd. (KPTL) for an enterprise value of Rs 1,300 crore. The acquisition involves ATL picking up 49 per cent stake in Alipurduar … read more
New Delhi (IANS) The government may soon introduce a new pre-packaged resolution plan for stressed assets to provide a seamless system to address bankruptcy issues while also relieving pressure on the National Company Law Tribunal (NCLT) that is saddled with ever-increasing … read more
New Delhi (IANS) An expected slowdown in the rate of foreign fund inflows along with the upcoming Q2FY21 GDP figures is expected to weaken the Indian rupee during the coming week. Besides, expectations on a further stimulus has fanned fears of … read more
New Delhi (IANS) To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India internal committee has recommended nearly doubling of the initial capital and net worth requirements to be eligible for … read more
New Delhi (IANS) The Sahara India Parivar on Friday refuted the Securities and Exchange Board of India’s (SEBI) claim on it and said that that the market regulator has committed contempt of court. “There is a clear order of Hon’ble Supreme … read more