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TVS Credit raises Rs 480 crores capital from Premji Invest to strengthen its expansion goals

12 Jun 2023 10:32 AM IST

TVS Credit Services Limited (“TVS Credit” or the “Company”), one of India’s top NBFCs, announced today that it has successfully obtained equity capital from Premji Invest in the amount of Rs 480 crores. As part of the transaction, Premji Invest will acquire a 9.7 per cent equity stake in TVS

Indian stocks saw a decline on Monday; eyes on May inflation data

12 Jun 2023 10:12 AM IST

The Indian stock market indexes began the new week steadily, with investors primarily waiting for this week’s release of the May inflation figures before making any decisions. Benchmark Sensex and Nifty were trading just 13 points and 3 points higher from their previous closing, respectively. Retail inflation for May will

India’s FY23 GDP growth likely to be over 7.2 pc : Nageswaran

10 Jun 2023 16:38 PM IST

Chief Economic Advisor Dr V Anantha Nageswaran on Saturday lauded the estimated 7.2 per cent real GDP growth in 2022-23 and expressed confidence that when the final numbers for the fiscal are frozen in early 2026, the growth will be higher. Speaking at an event organised by the Bharat Chamber

Top Crypto Payments Solutions for Businesses: A Closer Look

Bizman Anand Jain faces ED searches in connection with FEMA violations

09 Jun 2023 16:23 PM IST

For alleged FEMA violations, the Enforcement Directorate (ED) searched nine Urban Infrastructure Venture Capital locations on Friday. Urban Infrastructure Venture Capital is connected to billionaire Anand Jain.The ED is looking into $300 million that was routed to Urban Infrastructure Venture Capital by companies with Mauritius-based offices. The money that was

NHPC and Maharashtra sign an agreement for renewable energy projects; Rs 44,000 cr investments expected

08 Jun 2023 10:53 AM IST

NHPC Limited and the Maharashtra government have signed a Memorandum of Understanding (MoU) for the construction of pumped storage systems and other renewable energy projects in the state. It plans to build four pumped storage projects with a total capacity of 7,350 MW. According to NHPC CMD RK Vishnoi, these

Indian stocks markets hold steady ahead of RBI’s monetary policy statement

08 Jun 2023 10:14 AM IST

On Thursday morning, Indian stock indices traded steadily, with all eyes on the Reserve Bank of India’s (RBI) conclusion from its bi-monthly monetary policy review. RBI governor Shaktikanta Das is to read out the monetary policy meeting outcome at 10 am. A majority of analysts, though, expect the RBI will

Indian stocks climbs modestly; focus remains on Thursday’s RBI policy outcome

07 Jun 2023 10:14 AM IST

On Wednesday morning, Indian stock indices moved moderately higher, but investors’ attention remained focused on the Reserve Bank of India’s (RBI) decision at the upcoming bi-monthly monetary policy review. Benchmark Sensex and Nifty traded 0.3 per cent higher each at the time of writing this report. Investors are waiting for

Adani Group triumphs with $2.65B deleveraging milestone

06 Jun 2023 18:25 PM IST

Adani Group, India’s most significant critical infrastructure developer, has exhibited robust financial strength and operational acumen as it successfully accomplished a deleveraging programme worth $2.65 billion. This impressive achievement, marked by repaying loans and cutting overall leverage, is part of the group’s concerted strategy to rebuild investor trust following a

Indian stocks remain stable ahead of RBI’s monetary policy meet

06 Jun 2023 10:34 AM IST

As investors waited for new clues from the Reserve Bank of India’s bimonthly monetary policy review, Indian market indices mostly traded steadily on Tuesday morning. Investors eye policy outcome of the meeting, headed by RBI governor Shaktikanta Das, to be announced Thursday. A majority of analysts expect the RBI awill

Indian stocks open the new week higher; the focus is on the RBI meeting

05 Jun 2023 10:39 AM IST

On Monday morning, Indian market indices moved favourably, extending gains from the previous week on speculation that the Reserve Bank of India will maintain the repo rate at its next monetary policy review meeting later this week. At the time of writing this report, benchmark indices Sensex and Nifty were

National Startup Awards 2023: Applications invited, deadline extended till June 15

02 Jun 2023 13:29 PM IST

According to an official release from the Ministry of Commerce and Industry, the application deadline for the National Startup Awards 2023 has been extended until 15 June, 2023. The applications for the much-anticipated annual event went live on April 1, 2023, with an earlier submission deadline of May 31, 2023.