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 »

MSMEs credit guarantee coverage to increase to 1 lakh crore: President Kovind

The government will soon announce a new industrial policy with the goal of promoting growth of industries and creation of jobs, President Ram Nath Kovind said Thursday. Addressing the... Read more »

Indiabulls Housing Finance to buy back NCDs worth Rs 2,285 crore

Indiabulls Housing Finance will conduct a buyback of all non-convertible debentures maturing in July and August totalling Rs 2,285 crore, said its managing director and CEO Gagan Banga. Indiabulls... Read more »

Govt to issue fresh proposal for Air India sale

The Finance Ministry is issuing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, marred by EY last year on... Read more »

HDFC to acquire major stake in Apollo Munich Health Insurance for Rs 1,347 crore

HDFC Limited (“HDFC”) and Apollo Hospitals Group (“Apollo”), at their respective meetings held today, confirmed entering into definitive agreements for HDFC to acquire the entire 50.8% shareholding of Apollo... Read more »

Most companies have made it their mission to make UX a strategic differentiator”: ZEUX Innovation

Set up in 2016 by Saurabh Gupta and Hemal Gathani, ZEUX Innovation was built with a vision to design exceptional digital experiences and to deliver real business outcomes. Mumbai headquartered ZEUX... Read more »