DHFL shares drop 7% after it delays March-quarter earnings release

Shares of Dewan Housing Finance Corporation Ltd (DHFL) dropped nearly 7 percent after the company deferred its March-quarter earnings announcement date. They had earlier scheduled to announce earnings on... Read more »

HDFC Bank seeks to list NBFC arm, raise $1 bn

India’s largest private sector lender, HDFC Bank, is looking at an initial public offering (IPO) of its non-bank lending unit, HDB Financial Services, that could see the company raise more... Read more »

Prized Mumbai land parcel creates feud among Godrej family members

There has been major differences among family members of the Godrej Group, over future business strategy and the development of a prized Mumbai land parcel. The primary reason for... Read more »

MobKwik launches pocket friendly ‘shampoo-sachet’ health plan with Max Bupa

Payments service provider MobiKwik is looking for start a “shampoo-sachet” concept to the insurance sector. The company has partnered standalone health insurer Max Bupa to offer a string of... Read more »

HDFC Bank tops Indian co in global Top 100, brand valued at $22.7 bn

 HDFC Bank, the leading bank in India, is the highest-ranked Indian brand to be featured in the BrandZTM Top 100 Most Valuable Global Brands released by WPP group company Millward Brown. In the... Read more »

Emami Group divests 10% stake in Emami Limited for Rs 1230 crore

The promoters of Emami Group have undertaken a stake sale 10% in Emami Limited for raising approximately INR 1230 crores. This amount is intended to be used primarily for... Read more »

TCS to increase investment in Japan, grabs major stake in JV with Mitsubishi Corporation

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced that it is increasing its holding in TCS Japan Ltd, its joint venture with... Read more »

Nearly Rs 35k cr worth inventories left unsold; liquidity crunch said to be the reason

Automakers of two and four wheeler automakers are grappling with rising stocks and rising inventories due to a weak market sentiment which has been going up over the last... Read more »

Mahindra Finance and Manulife collaborate to form new joint venture in India

Mahindra & Mahindra Financial Services Limited through its subsidiary, Mahindra Asset Management Company Private Limited has joined hands with the leading global financial services group, Manulife*. The 51:49 joint... Read more »

Moody’s downgrades Tata Motors’ credit rating amid JLR slowdown

Global rating agency Moody’s Investors Service Thursday downgraded Tata Motors’ credit rating by a notch based on the disappointing performance of its British subsidiary Jaguar Land Rover. The corporate... Read more »