Tata Motors added 1.92% to Rs 921.50 after the company said that its board has approved to set up a wholly-owned subsidiary namely TML Commercial Vehicles (TMLCVL). TMLCVL is proposed to be incorporated with a paid-up...
Tata Motors Finance to be merged with Tata Capital
Tata Motors in a filing to the exchanges said that the Board of Directors of Tata Motors, Tata Capital and Tata Motors Finance have approved a merger of Tata Motor Finance with Tata Capital through an NCLT scheme of...
InsuranceDekho in talks to acquire credit marketplace BankSathi: sources
Insurance marketplace InsuranceDekho, backed by TVS Capital and Goldman Sachs Asset Management, is set to acquire a majority stake in BankSathi, a distributor of credit cards and personal loans which counts Kotak...
SC dismisses Adisri Commercial’s appeal against insolvency proceedings on SREI Firms
The Supreme Court on Monday dismissed Adisri Commercial’s appeal against the admission of insolvency proceedings against SREI Infrastructure Finance (SIFL) and SREI Equipment Finance (SEFL). It imposed a cost of Rs one...
Adani Power arm amalgamates Stratatech Mineral Resources
Adani Power Ltd (APL) on Monday said its arm Mahan Energen Ltd had approved a proposal to merge coal mining firm Stratatech Mineral Resources with itself. This will help improve fuel security, the company said...
Kalyan Jewellers to acquire balance 15% stake in Candere
Kalyan Jewellers India on Monday announced the signing of the definitive agreement with Rupesh Jain, founder of www.candere.com (Enovate Lifestyles Pvt. Ltd) to acquire his residual 15% in Candere, a subsidiary of...
Bankruptcy court admits ICICI Bank’s insolvency resolution plea against Jaiprakash Associates
The bankruptcy court in Allahabad admitted Jaiprakash Associates Ltd (JAL) for corporate insolvency almost six years after ICICI Bank filed an application. The tribunal, while admitting the company under the Corporate...
ACT Fibernet makes strategic investment in Aprecomm’s network intelligence solutions
Internet service provider ACT Fibernet (Atria Convergence Technologies Ltd.), Friday announced a major strategic investment in Aprecomm Private Limited (Aprecomm), a network intelligence solutions expert to fortify...
Kewal Kiran Clothing acquires 50% stake in Kraus Jeans for Rs 166.51 crore
Kewal Kiran Clothing Limited, which has four menswear brands -Killer, Integriti, Lawman Pg3 & easies under its portfolio, has acquired 50% stake in Kraus Casuals Private Limited for Rs 166.51 crore. With this, the...
Board of Quint Digital approves acquisition of 30% stake in Quintype Technologies India
The Board of Quint Digital at its meeting held on 30 May 2024 has approved acquiring the entire 30% equity stake, held by 360 One Seed Ventures Fund- Series 2 (formerly IIFL Seed Ventures Fund – Series 2) in...
IDFC First Bank board approves plan to raise ₹3,200 cr via preferential issue
IDFC First Bank Ltd. on Thursday said its board approved a proposal to raise ₹3,200 crore through a preferential allotment of shares. The private sector lender will be issuing 39.68 crore shares to marquee investors at...
SBI to sell guarantees of Reliance Naval promoter
State Bank of India (SBI) has initiated the process of selling personal guarantees given by Nikhil Gandhi, the erstwhile promoter of Reliance Naval and Engineering. The bank has set a reserve price of ₹3.48 crore, which...
