IFC, IFC Asia Fund to Invest $76 Mn in Puravankara’s Projects
International Finance Corporation (IFC) and IFC Emerging Asia Fund (EAF) will invest $76 million in four residential projects of real estate firm Puravankara Group, to be...
Author : Neha Verma
IBM CEO Arvind Krishna to Take Over as Chairman
International Business Machines Corporation (IBM) has said that Chief Executive Officer Arvind Krishna would take over as chairman from January 01, replacing Ginni Rometty, who stepped...
Navin Fluorine Rises 5% as Board Approves Capex Plan
Shares of Navin Fluorine jumped 4.9 per cent after the chemicals maker announced that its board has approved capital expenditure for setting up of a multi-purpose plant...
Venture Catalysts Closes 102 Deals This Year
Early-stage investor Venture Catalysts Group (VCats) closed 102 deals this year compared with 63 in 2019, despite pandemic-led disruptions. The Mumbai-based investment firm runs an incubator...
Cipla Partners Premier Medical Corporation to Launch CIP Test Kits in India
Cipla announced its partnership with the Premier Medical Corporation for the commercialization of the rapid antigen test kits for COVID-19 in India. The company will commence...
PNB Falls 8%, QIP Floor Price Set at Rs 37.35 Per Share
Punjab National Bank (PNB)’s share was down as much as 8 per cent at Rs 37.25 after the state-run lender set the floor price for its...
Hindalco to Set Up New Plant at Silvassa Worth Rs 730 Crore
Aditya Birla Group’s flagship Hindalco Industries Ltd. on Monday said that it will be investing in a 34,000-tonne extrusion plant at Silvassa worth Rs 730 crore.“We are seeing...
ICICI Bank Launches Interoperable Banking App
The ICICI Bank on Monday launched a new version of its mobile payment app which is interoperable and allows payments and other banking services to customers of any...
Goodyear India Declares Interim Dividend of Rs 80 Per Equity Share
The board of Goodyear India Ltd. on Monday approved an interim dividend of Rs 80 per equity share on the face value of Rs 10 per share,...
Walmart Prepares For $10 Billion Flipkart IPO
Walmart is preparing for e-commerce major Flipkart’s $10 billion initial public offerings (IPO) in the US and has hired Goldman Sachs to assist with the listing. The US...