Ashok Leyland receives order for 400 minibuses worth Rs 80 crore from Senegal

Hinduja flagship firm Ashok Leyland Thursday said it has received an order from Senegal, to supply 400 minibuses worth 10.06 million euros (about Rs 80 crore). This order comes from Senbus Industries,... Read more »

InterGlobe Aviation shares drop 8%, tension between promoters

Shares of InterGlobe Aviation, which runs India’s largest budget airline IndiGo, dropped 8 per cent to Rs 1,487 in intra-day trade on the BSE on Thursday on the back of heavy volumes... Read more »

RBI creates ‘Vision 2021’ for payment system to improve digital transactions

Aiming at a ‘cash-lite’ society, the Reserve Bank of India Wednesday curated a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system as it expects the number of... Read more »

ArcelorMittal resolution plan violative of IBC: Essar Steel’s Ruia to NCLAT

Prashant Ruia, the promotor of debt-ridden Essar Steel, Wednesday submitted before the National Company Law Appellate Tribunal that the resolution plan moved by ArcelorMittal is in violation of the Insolvency & Bankruptcy... Read more »

Ola fuels $60 million into international unit to undertake Australia, UK operations

Homegrown ride-hailing platform Ola revealed in its regulatory filings, sourced from Singapore’s Accounting and Corporate Regulatory Authority, that it pumped in about $60 million in its international operations in the past 15... Read more »

Tata Global Beverages and Tata Chemicals to combine and venture into a Consumer Products Company

The Boards of Directors of Tata Global Beverages Limited (“TGBL”) and Tata Chemicals Limited (”TCL”), at their respective meetings held today, have approved the de-merger of the Consumer Products Business of TCL... Read more »

Jaina Group joins hands with Japanese companies Sansui and Nakamichi to broaden its reach in India

Jaina Group, the Delhi based business conglomerate with interests in telecom and consumer durables has joint hands with the Japanese consumer electronics giants – Sansui and Nakamichi. This will allow Jaina Group... Read more »

IIFL Holdings consolidated profit shoots 23% to Rs 1,252.90 crore in fiscal year 19, revenue up 16%

IIFL Holdings on Wednesday achieved a 23 per cent year-on-year growth in consolidated profit after tax (PAT pre-minority) at Rs 1,252.90 crore for the financial year 2018-19, backed by a strong growth... Read more »

RBI’s Deputy Governor R. Gandhi as additional director on Yes Bank’s board

Yes Bank disclosed in a regulatory filing on Tuesday that the banking regulator has appointed former RBI Deputy Governor R. Gandhi as an additional director on its board. The appointment is for... Read more »

Larsen and Toubro acquires 1,168 shares of Mindtree via open market

Infrastructure major Larsen and Toubro (L&T) has acquired 1,168 shares of Mindtree from the open market, taking its expanding its holding in the mid-sized IT company to 25.94 per cent, according to... Read more »