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... 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... 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... 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... 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... 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... 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... Read more »

Citigroup to increase visibility in India with Paytm tie-up

India’s top digital payments firm Paytm on Tuesday has started a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its... Read more »

Polycab achieves revenue of Rs 79,560 mn in FY19, up by 18% yoy; sales and product mix raises EBITDA

Newly listed company Polycab India Limited reported a decent FY19 revenue (net of excise) of Rs 79,560 mn up by 18% yoy. This growth can be attributed to the... Read more »

HDFC’s net profit dips 12% to Rs 9,632.46 cr for the March quarter

Housing Development Finance Corporation (HDFC) reported a standalone net profit of Rs 9,632.46 crore during the financial year 2018-19. The housing finance company had posted a net profit after... Read more »