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BUSINESS

Paisalo Digital signs co-origination loan agreement with Bank of Baroda

Paisalo Digital has signed its co-origination loan agreement with Bank of Baroda, the second largest public sector Bank in India. This is Company’s third Co-origination Agreement with any Bank, before Bank of Baroda, Paisalo Digital has already co-origination loan tie-up with State Bank of India and Bank of Maharashtra. Under ... Read More »

IRDA imposes Rs 15 lakh fine on Shriram Transport Finance

Insurance Regulatory and Development Authority (IRDA) has imposed a fine of Rs 15 lakh on Shriram Transport Finance Company for selling insurance policies in violation of norms. IRDA said the company as a corporate agent (CA) engaged persons other than specified persons (SPs) to procure business. The matter pertains to ... Read More »

Vascon Engineers receives LoA worth Rs 505.54 crore

Vascon EngineersVascon Engineers has received Letter of Acceptance (LoA) from Public Works Department, Divison-3, Raipur in the state of Chhattisgarh for ‘Construction of ‘Raj Bhavan, Chief Minister’s House, Minister’s Residential House & Higher Officer Residential House’ in New Raipur, Chhattisgarh amounting to Rs 505.54 crore. The work has been awarded ... Read More »

M&M signs agreement with Ford Motor

Mahindra & Mahindra (M&M) along with Ford Motor Company Inc., USA (FMC) has executed a Business Transfer Agreement and Share Subscription Agreement to enable the formation of a joint venture by way of the Company and/ or its subsidiaries acquiring 51% of the equity share capital of Ardour Automotive, a ... Read More »

Biocon, Mylan NV launch Semglee in Australia

Biocon and Mylan N.V. have launched Semglee (insulin glargine solution for injection 100 IU/mL in a 3mL pre-filled pen), the first insulin glargine biosimilar in Australia available on the Pharmaceutical Benefits Scheme (PBS). Insulin glargine is a long-acting basal insulin analogue, given once daily to help control the blood sugar ... Read More »

Infosys, SAP collaborate to accelerate enterprise digital transformation

Infosys and SAP have collaborated to Accelerate Enterprise Digital Transformation for Clients. Both companies to create a joint go-to-market engagement model between project Embrace from SAP and Infosys’ Innov8 program. The joint engagement model is intended to help companies accelerate their digital transformation based on SAP S/4HANA to build intelligent ... Read More »

TVS Motor registers sales of 315,912 units in September

TVS Motor Company has registered sales of 315,912 units in September 2019 as against 423,939 units in the month of September 2018. Total two-wheeler registered sales of 300,909 units in September 2019 as against sales of 410,657 units in the month of September 2018. Domestic two-wheeler registered sales of 243,163 ... Read More »

Airtel Bank, ICICI Prudential tie up to offer insurance

Mumbai, Oct 2 (udaipur kiran) ICICI Prudential Life Insurance has signed a corporate agency agreement with Airtel Payments Bank for easy access to life insurance and savings plans for its customers, enabling them to provide financial security to their families and build long-term savings. ICICI Prudential Life Insurance Managing Director ... Read More »

Castor seeds futures crash 22% on demand slump

New Delhi, Oct 2 (udaipur kiran) The castor seeds prices have tumbled 22 per cent on the National Commodity and Derivatives Exchange (NCDEX), the biggest agriculture futures market, in just 12 days, according to a report on Wednesday. Apart from default by some brokers and traders in delivery of contract, ... Read More »

TCG Advisory Services to buy Religare Finvest for Rs 330 cr

Mumbai, Oct 2 (udaipur kiran) Religare Enterprises Ltd (REL), a financial services group, has entered into a share purchase agreement (SPA) for sale of its NBFC business — Religare Finvest — to TCG Advisory Services for Rs 330 crore. According to the financial services group, the SPA was signed on ... Read More »

FinMin to start pre-Budget, Revised Estimates meetings Oct 14 (Lead)

New Delhi, Oct 2 (udaipur kiran) The Finance Ministry will start pre-Budget and Revised Estimates meetings from October 14 to November’s first week, an official notification of the ministry said on Wednesday. “The pre-budget/RE meetings will begin on the 14th October 2019. All Financial Advisers should ensure that the necessary ... Read More »

Realty sales fell in July-September 2019: Anarock

New Delhi, Oct 2 (udaipur kiran) Sale of residential apartments declined across major cities of the country during the July-September quarter, according to an Anarock report . On a year-on-year basis, sales in the National Capital Region (NCR) declined 13 per cent during the period under review to 9,830 units, ... Read More »

FinMin to start pre-Budget and Revised Estimates: Circular

New Delhi, Oct 2 (udaipur kiran) The Finance Ministry will start pre-Budget and Revised Estimates meetings from October 14 to November’s first week, an official notification of the ministry said on Wednesday. “The pre-budget/RE meetings will begin on the 14th October 2019. All Financial Advisers should ensure that the necessary ... Read More »

IL&FS crisis: A year on, group’s cash balance at Rs 5,300 cr

New Delhi, Oct 2 (udaipur kiran) Over a year after the lending major IL&FS started defaulting on its commmercial papers and the massive corporate rot came to the fore, the cash balance of the group stands at over Rs 5,300 crore. The one year progress report of resolution and restructuring ... Read More »

Air India to paint Gandhi’s image on five aircraft

New Delhi, Oct 2 (udaipur kiran) In a tribute to Mahatma Gandhi on his 150th birth anniversary, Air India will get the image of the ‘Father of the Nation’ painted on five aircraft. Gandhi’s image will be painted on the tail-end of the aircraft in the next 15 days. “The ... Read More »