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Vodafone Idea to make preferential issue of shares to Aditya Birla Group entity for Rs 2,075 crore

Apr 7, 2024

New Delhi, April 6 (IANS) The board of directors of Vodafone Idea on Saturday approved a preferential issue of shares to an Aditya Birla Group entity to the tune of Rs 2,075 crores. The board approved the issuance of upto 1,395,427,034 Equity Shares of face value of Rs 10 each at an issue price of Rs 14.87 per equity share (including a premium…

Srini Pallia appointed Wipro CEO & Managing Director

Apr 7, 2024

New Delhi, April 6 (IANS) IT major Wipro on Saturday announced the appointment of Srini Pallia as its CEO and Managing Director, effective with immediate effect. Pallia succeeds Thierry Delaporte, who is stepping down to "pursue passions…

Business

SPV set to start work on new inter-state power transmission project in Maharashtra

Apr 7, 2024

New Delhi, April 6 (IANS) The way has been cleared for starting work on the inter- state power transmission project in the Kallam area of Maharashtra which forms part of the Western Region Network Expansion Scheme, the Ministry of Power…

Business

Anand Mahindra offers job to girl who foiled monkey attack using Alexa

Apr 6, 2024

New Delhi, April 6 (IANS) Mahindra Group Chairman Anand Mahindra, on Saturday, offered a job to a girl who saved herself and her younger sister from a monkey attack. In a brave move, a 13-year-old girl showed her presence of mind and scared…

Business

‘Vegetable prices especially potato and onion pose upside risk to food inflation’

Apr 6, 2024

New Delhi, April 6 (IANS) BoB Essential Commodity Index (BoB ECI) has increased at the fastest pace since August 2023 by 5.9 per cent in March 2024, on YoY basis and by 0.4 per cent, on a sequential basis, says Dipanwita Mazumdar,…

Business

Tourism Finance Corporation India undergoes major leadership shift

Apr 6, 2024

Kolkata, April 5 (IANS) The Tourism Finance Corporation India Ltd (TFCIL) has undergone a major leadership shift with G.D. Mundra putting in his papers as the Director of the public finance institution. In March this year, TFCIL informed…

Business

Byby e-Rickshaw joins Revfin to provide smooth financing ride to consumers

Apr 6, 2024

New Delhi, April 6 (IANS) Electric transport company Byby e-Rickshaw on Saturday said it has partnered digital lender Revfin for a smooth financing ride for e-rickshaws.ByBy is one of the leading homegrown companies in the sphere of…

Business

Indian companies should make electric 2-wheelers for global market: Amitabh Kant

Apr 6, 2024

Bengaluru, April 6 (IANS) The future is electric in India which has seen a meteoric rise in EV adoption and homegrown companies should now aim to make electric two-wheelers for the global market, the G20 sherpa and former NITI Aayog CEO,…

Business

Tata Steel India clocks record production

Apr 6, 2024

New Delhi, April 6 (IANS) Tata Steel India recorded its highest annual crude steel production at 20.8 million metric tons in 2023-24, which represents a 4 per cent increase over the corresponding figure of the previous year, provisional…

Business

Foreign funds buying big in telecom, realty stocks

Apr 6, 2024

New Delhi, April 6 (IANS) An important trend in FPI activity is the big selling in the FMCG segment and big buying in telecom and realty, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.There have been big…

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