Shriram Finance Looking To Sell 15% Stake In Housing Arm: Report
Shadow lender Shriram Finance is looking to pare as much as 15% stake in its housing finance arm at a valuation of 10 billion rupees ($121.35 million), two senior sources … Read More
Month: March 2023
Gaming Platform Buystars Raises $5 Million In Pre-Series A Round
Indian online gaming platform BuyStars said today it had raised $5 million in a pre-series A round led by venture capital (VC) fund Lumikai as it looked to hire more … Read More
Centre Unlikely To Withdraw Tax Plan On High-Value Life Insurance: Report
The Indian government is unlikely to make changes to its budget proposal of taxing the total returns on high-value life insurance policies, two government officials said on Wednesday, amid demands … Read More
Rupee Gains 4 Paise To Reach 82.33 Against US Dollar
The rupee appreciated by 4 paise to 82.33 against the US dollar in early trade on Wednesday, tracking positive sentiments in the domestic equity market and relatively weaker dollar against … Read More
Sensex Rises 440 Points Amid Positive Global Trends
Bolstered by positive global cues, Indian equity market opened on a strong note today and Sensex jumped 440 points in early trade. Asian markets, including Japan and Hong Kong, were … Read More
Competition Body clears Reliance Acquisition Of Metro Cash & Carry India
The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture’s acquisition of German firm Metro AG’s wholesale operations in India. Reliance Retail Ventures Ltd (RRVL) … Read More
No Provision In Law To Refund Pension Corpus To States: Centre On Old Scheme
The central government on Tuesday said there is no provision in the PFRDA Act for a refund of the accumulated NPS corpus being sought by the five non-BJP states that … Read More
Total Value Of Deals By India Inc Fell 60% To $1.8 Billion In February
The deepening funding winter that the startups face and the near dry-up of IPOs singed the deal street as the total value of deals plunged by 60 per cent to … Read More
India’s Digital Transactions More Than That Of US, China Combined: Official
A senior trade official today said that real-time digital transactions that India does are more than that are done in the US, China, and Europe put together. “India has a paperless, … Read More
Mahindra Unit In Bangladesh Closes Operations
Mahindra & Mahindra on Tuesday said its wholly-owned unit Mahindra Bangladesh Pvt Ltd has ceased to exist. Mahindra Bangladesh Pvt Ltd (MBPL) convened the final extraordinary general meeting of its … Read More