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BUSINESS

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 »

Voltas launches new range Adjustable Inverter ACs

Mumbai : Voltas has further strengthened its leadership position in the Cooling Products space, by launching its new range of Voltas Adjustable Inverter ACs. Voltas’ Adjustable Inverter AC comes with the unique value proposition of ‘Flexible Air Conditioning’ that allows the user to switch from 1.5 Ton to 1 Ton ... Read More »

Bajaj Finserv RBL Bank SuperCard reaches one million milestone

Mumbai : Bajaj Finance and RBL Bank’s jointly launched credit card — Bajaj Finserv RBL Bank SuperCard — has reached one million milestone mark in a little over two years. The SuperCard is the first co-branded credit card in India to reach this milestone. Bajaj Finserv RBL Bank SuperCard is ... Read More »

Coffee Day Enterprises inks agreement to sell stake in Mindtree

Mumbai : Coffee Day Enterprises, Coffee Day Trading and V.G. Siddhartha, a Promoter of the Company, along with certain other parties have signed a definitive agreement to sell their entire stake in Mindtree to Larsen & Toubro for a consideration not exceeding Rs 3,269 crore. The proceeds would be used ... Read More »

RIL’s telecom arm terminates agreement with Reliance Communications

Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) has terminated Master Agreement and Spectrum Trading Agreement executed between the company and Reliance Communications and its affiliates with effect from March 18, 2019. Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, ... Read More »

Hotel Leela Venture signs binding agreement with Brookfield

Mumbai : Hotel Leela Venture (HLVL) has entered into a binding agreement with a Brookfield Asset Management sponsored private real estate fund, to sell by way of slump sale, four owned Leela hotels located at Bangalore, Chennai, Delhi and Udaipur and the property that it owns in Agra. The transaction ... Read More »

SAIL gains on the BSE

Mumbai : Steel Authority of India is currently trading at Rs. 54.05, up by 0.45 points or 0.84% from its previous closing of Rs. 53.60 on the BSE. The scrip opened at Rs. 54.35 and has touched a high and low of Rs. 54.55 and Rs. 53.55 respectively. So far ... Read More »