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Bajaj Finance offers extra 0.25% on fixed deposit renewal

Bajaj Finance the lending and investment arm of Bajaj Finserv is offering the highest interest rate of 8.75%, which goes up to 9.10% depending on the age and tenor of the investment. Bajaj Finance Fixed Deposit has offered an extra 0.25% on renewal, over and above the rate of interest ... Read More »

Centrum Capital sells stake in subsidiary company

Centrum Capital has sold its entire equity holding in its wholly-owned subsidiary company — Centrum Capital Holding LLC along with its subsidiary i.e Centrum Securities LLC (step-down subsidiary of the company). Centrum Capital is an investment banking company, which offers a range of financial services in the areas of equity ... Read More »

V-Mart Retail opens new store in Assam

V-Mart Retail has opened a new store in the state of Assam. This takes the total number of stores to 210 stores in 167 cities across 17 states and total tally of Assam is 6 stores. V-Mart Retail is one of the pioneers in setting up stores across various small ... Read More »

SBI inks MoU with BoC for business opportunities

State Bank of India (SBI) has inked memorandum of understanding (MoU) with Bank of China (BoC), in a bid to enhance business synergies between both the banks. This MoU will facilitate the clients of both the banks to access banking products and services of each other, which will lead to ... Read More »

DLF’s JV to invest Rs 1,900 crore in Gurugram project

DLF has entered into second joint venture (JV) with HINES. DLF Home Developers (DHDL), a wholly owned subsidiary of the company, and Green Horizon Trustee (an affiliate of HINES) have entered into a JV for developing a high-end commercial project in Gurugram. DHDL will hold 67% stake in the joint ... Read More »

Datamatics Global Services acquires additional stake in subsidiary company

Datamatics Global Services has acquired additional 10% equity stake consisting of 5,50,000 fully paid Equity Shares of Rs 1 each in Datamatics Digital (Earlier known as Techjini Solutions), the Subsidiary Company. The objective of this acquisition is to further strengthen Datamatics’ enterprise mobility offerings through target Company’s range of smart ... Read More »

Tata Communications, China Telecom Global to launch global IoT service in China

Tata Communications and China Telecom Global are working together to launch a global Internet of Things (IoT) service in the Chinese market. The partnership will allow companies to deploy and manage IoT devices easily and cost-effectively within China and internationally across multiple industries, including consumer and industrial electronics manufacturing, automotive, ... Read More »

Tata Steel BSL raises Rs 6,500 crore via preference shares

Tata Steel BSL has raised amount aggregating to Rs 6,500 crore through allotment of 650,00,00,000 – 11.09% Non-Convertible Redeemable Preference Shares having face value of Rs 10 each to Tata Steel (NCRPS Series I) on private placement basis. The Committee of Directors of the Company at its meeting held on ... Read More »

IDBI Bank gets nod to borrow up to Rs 4,000 crore in FY20

IDBI Bank has received approval from its board to borrow up to Rs 4,000 crore in one or more tranches by issuing bonds in the next financial year (FY20). The borrowing would be comprised of Basel III-compliant tier-II bonds and senior bonds (not more than Rs 1,000 crore) by way ... Read More »

Maruti Suzuki introduces EECO with additional safety features

Maruti Suzuki India has introduced new EECO with additional Safety features. The new EECO comes with Reverse Parking Assist System and Co-Driver Seat Belt Reminder as standard features across all the variants. Also additional features like Speed Alert System, ABS and Airbag have been added in select variants. This will ... Read More »

IndusInd Bank gets nod to raise funds through bonds

Mumbai : IndusInd Bank has received approval to raise funds through issuance of Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier I capital (AT1 Bonds) for a face Value of Rs 10 lakh each for cash for ... Read More »

L&T to acquire 20.32% stake in Mindtree

Mumbai : Larsen & Toubro (L&T) has entered into a definitive Share Purchase Agreement (SPA) with V G Siddhartha and his related entities namely, Coffee Day Trading & Coffee Day Enterprises, to acquire 20.32% stake in Mindtree, a global technology services and digital transformation company. L&T will purchase this stake ... Read More »