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BUSINESS

Gold Gains As US Recession Fears Boost Safe-Haven Assets

Gold rose on Monday as investors’ appetite for riskier assets faded on concerns about a potential US recession and decelerating global growth, increasing appeal for the bullion alongside yen and bonds. Spot gold was up 0.2 per cent at $1,316.11 per ounce as of 0422 GMT, while US gold futures ... Read More »

Intellect Design Arena launches Wealth Qube 2020 in Dubai

Intellect Design Arena has launched Wealth Qube – 2020, a state of the art end-to-end Relationship Manager centric solution for the wealth management institutions. Built on a design framework of 6 Offices, 22 Desks and 121 Tools, the product was unveiled at the Intellect User Meet, held in Dubai. Wealth ... Read More »

V-Mart Retail opens new store in Uttar Pradesh

V-Mart Retail has opened a new store in the state of Uttar Pradesh. This takes the total number of stores to 211 in 168 cities across 17 states and total tally of Uttar Pradesh is 85 stores. V-Mart Retail is one of the pioneers in setting up stores across various ... Read More »

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 »