Bandhan Bank and GRUH Finance announce merger

The Board of Directors of Bandhan Bank Limited and GRUH Finance Limited approved the merger of GRUH into Bandhan Bank. The merger would be subject to regulatory and shareholder... Read more »

Essar Global repays all debt to Indian and foreign lenders

Essar Global Fund Ltd (Essar Global), the holding company of the Essar Group of companies, reached yet another milestone in deleveraging by repaying the last tranche of debt of... Read more »

Central Bank of Kuwait Modernizes Its Technology Platform with TCS BaNCS

Tata Consultancy Services has announced that the Central Bank of Kuwait (CBK) is now operational on TCS BaNCS, its flagship banking platform that helps financial services institutions embrace open... Read more »

India Inc revenue growth seen down 400-500 bps in Q3: CRISIL Research

Corporate revenue growth is expected to print at 12-13% on-year for the third quarter of this fiscal ended December 31, 2018, or 400-500 basis points lower than the ~17%... Read more »

Tata Capital Housing Finance Ltd. enters into a strategic alliance with Saraswat Co-op. Bank Ltd.

Tata Capital Housing Finance Limited, a wholly owned subsidiary of Tata Capital Limited has entered into a strategic alliance with Saraswat Co-operative Bank Limited, a 100 -year old premier... Read more »

The Tata Trusts’ Associate Organization wins National Entrepreneurship Award

The Tata Trusts’ associate organisation, Collectives for Integrated Livelihood Initiatives (CInI), has won the prestigious National Entrepreneurship Award 2018 for nurturing an ecosystem of rural entrepreneurs and micro-enterprises. The... Read more »

Ascendas-Singbridge Group to develop new IT Park

Ascendas-Singbridge Group, a leading sustainable urban development and business space solutions provider, on Thursday announced the acquisition of 12.20 acre land in Chennai to set up a new IT... Read more »

82% start-ups did not get Startup India benefits: Report

Around 82 per cent of start-ups in the country are yet to receive any benefit under the Centre’s Startup India initiative, a report said on Thursday. “Only 18 per cent... Read more »

BMW Group India’s 2018 automobile sales up 13%

BMW Group India on Thursday reported an automobile sales growth of 13 per cent in 2018 on a year-on-year basis. “BMW Group India delivered 11,105 cars (BMW + MINI)... Read more »

CV Sales Growth Moderates Sharply to Lower Single Digits in November

In November 2018, CV sales volume increased at a 12-month low of 6% yoy due to a sales volume drop of 11% yoy in MHCVs, though the impact was... Read more »