Credit Suisse on Thursday said it was taking “decisive action” to strengthen its liquidity by borrowing up to $54 billion from the Swiss central bank after a slump in its…
Author: Admin
No more Chinese wheels! This Kolkata consortium to supply ‘Made in India’ wheels for Vande Bharat trains
A consortium of Kolkata-headquartered Ramkrishna Forgings and Titagarh Wagons has emerged as the lowest bidder for manufacturing wheels for the Indian Railways’ flagship semi-high-speed Vande Bharat trains. Announced by railway…
Mukesh Ambani’s Reliance Retail to get a major boost with addition of Metro Cash & Carry
Reliance Retail, the Mumbai-based Reliance Group’s consumer arm, is set to get a major bump in its business operations as the Competition Commission of India (CCI) approved its acquisition bid…
Vedanta repays $100 million to Standard Chartered Bank, pledged shares released
Vedanta Limited, controlled by billionaire Anil Agarwal, has repaid $100 million to Standard Chartered Bank via release of encumbrance on March 10, 2023. In a regulatory statement, the company said:…
‘Look back at 2008’: How will Silicon Valley Bank collapse impact Indian IT sector?
The collapse of the Silicon Valley Bank has added to the uncertainty faced by Indian IT companies, which were already facing headwinds due to the macroeconomic slowdown in the West. This…
India’s exports dip 8.8% to $33.88 billion in February
India’s exports dipped in February for the third consecutive month by 8.8 per cent to USD 33.88 billion against USD 37.15 billion in the same month last year, according to…
GST wing of CBIC starts probe insurance companies
The GST wing of the Central Board of Indirect Taxes & Customs (CBIC) is investigating over a dozen insurance companies for allegedly claiming wrongful input tax credits of amount pegged at Rs 1000 crore. CBIC officials…
Centre unlikely to roll back tax plan on high-value life insurance
The Indian government is unlikely to make changes to its budget proposal of taxing the total returns on high-value life insurance policies, two government officials said on Wednesday, amid demands…
CCI approves Reliance’s acquisition of METRO Cash & Carry India; check details here
The Competition Commission of India (CCI) has approved Reliance Retail Venture’s (RRVL) acquisition of the food wholesaler METRO Cash & Carry India. RRVL is a subsidiary of the Mukesh Ambani-led…
India’s costliest penthouse! Bajaj Auto’s Niraj Bajaj buys house worth Rs 252.5 cr in Mumbai
In the country’s costliest penthouse deal yet, Bajaj Auto Chairman Niraj Bajaj has reportedly bought a sea-facing apartment in Mumbai’s Malabar Hill for a whopping Rs 252.5 crore. Before this,…