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 than $1 billion,... 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 the feud between... 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 bite-size insurance products... 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 latest list, 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 further reducing debt... 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 Mitsubishi Corporation (MC),... Read more »
suzanne memon

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 7 months, reports... 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 venture will help... Read more »
Tata Power would raise Rs 2600 crore from Tata Sons

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 family rating and... 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 joint sitting of... Read more »