Banking

Franklin Templeton Unitholders To Get Rs 2,962 Cr In Second Tranche

SBI Funds Management (SBI MF) will distribute the next tranche of Rs 2,962 crore to unitholders of Franklin Templeton Mu... Read more

Facebook Spent $23 Million On Mark Zuckerberg's Security In 2020

"He is synonymous with Facebook, and as a result, negative sentiment regarding our company is directly associated with, ... Read more

Cairn Energy Offers To Forego $500 Mn If India Agrees To Pay Principal Due

The Scottish firm invested in the oil and gas sector in India in 1994 and a decade later it made a huge oil discovery in... Read more

Ambuja Cement's Strategic Plan On Track To Expand Capacity At 50 MTPA

Ambuja Cements Ltd has said it is looking at significant debottlenecking opportunities across all plants with growth pla... Read more

IFC Proposes $50mn Debt Finance For Thar Surya Solar Power Project

International Finance Corporation (IFC) plans to debt finance the construction of Thar Surya 1 Pvt Ltd's 300 MW solar po... Read more

Coal India Firms Up Rs 40,000-crore Domestic Coal Evacuation Plan

Coal handling capacity of these 35 projects is estimated to be close to 405 million tonnes per annum (mtpa) by FY24 Read more

Delivery Start-up Dunzo Eyes Unicorn Status, Seeks $150 Million Funding

The app has lured people with its rapid delivery of items ranging from groceries to parcels in cities Read more

50 Mtpa Capacity Expansion Plan Is Going In Right Direction: Ambuja Cement

Ambuja is evaluating brownfield expansions in Bhatapara and Maratha plants Read more

J&J In Talks With Centre For Trial Of Single-shot Covid-19 Vaccine

Russia's Sputnik V is another contender to get approval from the Indian drug regulator Read more

IBBI Upholds Resolution Professionals' Independence Under Pre-pack Schemes

In regulations issued on the Ordinance on pre-pack resolution, the IBBI said an insolvency professional can be appointed... Read more

Show-cause Notice To VIL Over Not Paying Licence Fee In 7 Circles For Q4

The telecom department has issued a show-cause notice to Vodafone Idea Ltd (VIL) over non-payment of licence fee for the... Read more

Morgan Stanley India Infra Invests $21 Mn In Connectivity Solutions Co IBus

iBus serves 4 mn customers in 10 cities. It currently deploys its infra at 233 commercial, residential and retail sites ... Read more

L&T's Arm Bags Order To Set Up Solar Power Project In Saudi Arabia

The Renewables arm of Larsen & Toubro's Power Transmission & Distribution Business has bagged an order to set up... Read more

True North Sells Policy Bazaar Stake To Serum Institute, Four Others

True North disclosed neither the quantum of stake sold nor the value Read more

Startup PumPumPum Gets Rs 5.5 Cr To Expand Used Car Leasing Business

Company says it plans to expand to 15 cities in five years, lure millennials for clients. Read more