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Vedanta eyes Rs 3,400 crore via NCD route as bond repayment date nears

Dec 19, 2023

Mumbai, Dec 19 (IANS) The Anil Agarwal-led mining conglomerate Vedanta Ltd announced plans on Tuesday to raise Rs 3,400 crore through the issue of Non-Convertible Debentures (NCDs) ahead of its bond repayment that falls due in January 2024."The duly authorised Committee of Directors at its meeting held today...Considered and approved for raising,…

ONDC, Meta kick-off partnership to support small businesses in India

Dec 19, 2023

New Delhi, Dec 19 (IANS) ONDC and Meta on Tuesday partnered to enable small businesses in India build seamless conversational buyer and seller experiences on WhatsApp through an ecosystem of Meta’s business and technical solution providers.…

Business

Panasonic selects 12 Indian startups for its Corporate Accelerator programme

Dec 19, 2023

New Delhi, Dec 19 (IANS) Panasonic Life Solutions India and Panasonic Corporation in collaboration with a leading seed stage venture capital (VC) '100X.VC' on Tuesday announced that it selected 12 startups from over 140 entries received for…

Business

Financial position of unlisted corporate sector has weakened in post-Covid period

Dec 19, 2023

New Delhi, Dec 19 (IANS) Notwithstanding the more than 2x rise in profits (profit after tax, PAT) of the listed companies in the last three years, the aggregate corporate profit has been largely stable to only slightly better. It means that…

Business

BharatPe’s net loss widens to Rs 941 crore in FY23

Dec 19, 2023

New Delhi, Dec 19 (IANS) Fintech major BharatPe’s net loss widened to Rs 941 crore during FY23, compared with Rs 834 crore in the previous fiscal. “We excluded the loss worth 4,782 crore in FY22 which it incurred due to change in fair value…

Business

Google agrees to pay $700 mn in Play Store dispute settlement

Dec 19, 2023

New Delhi, Dec 19 (IANS) Google has agreed to pay $700 million to the US consumers and states in a settlement over Play Store reached in September. The company will pay $630 million to consumers and $70 to a fund used by states."Google…

Business

Sky One, SpiceJet express interest in acquiring troubled airline Go First amid liquidation concerns

Dec 19, 2023

New Delhi, Dec 19 (IANS) Sky One, an aviation company headquartered in Sharjah, and SpiceJet have shown interest in acquiring the financially troubled airline Go First. This unexpected development comes weeks after a proposal deadline had…

Business

S.Korea unhappy with France over exclusion of Kia EV from subsidy list

Dec 19, 2023

Seoul, Dec 19 (IANS) South Korea expressed regret to France on Tuesday over the exclusion of a locally produced electric vehicle (EV) of Kia Corp. from the list of automobiles eligible for subsidies in France, the industry ministry…

Business

India tops global remittances list for 2023 with $125 bn inflow

Dec 19, 2023

New Delhi, Dec 19 (IANS) The inward remittances to India in 2023 increased by 12.3 per cent to $125 billion from 111.22 billion in 2022, according to the latest data released by the World Bank.India's inward remittances now account for 3.4…

Business

IT stocks drag Sensex lower

Dec 19, 2023

New Delhi, Dec 19 (IANS) The market is likely to move into a consolidation phase as the Christmas holidays and the New Year approach, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.A period of consolidation…

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