India’s commitment to bringing every person living within the boundary under the cover of banking and financial services benefitted greatly from global technological advancements. To […]
Category: Enterprise
IRDA directive to shun brokers for gilt trades baffles insurers
Insurance companies, a significant investor group in the financial markets, have been told by the regulator that they can no longer cut deals with brokers […]
ACRE offers to buy LIC’s Rs 3,400 crore Reliance Capital bonds
An Ares SSG Capital-backed asset reconstruction company (ARC) has given a binding offer to Life Insurance Corporation (LIC) to acquire its ₹3,400-crore Reliance Capital bonds, […]
Gujarat-based NBFC tops NARCL bid for consolidated construction
ujarat-based NBFC Raj Radhe Finance has offered Rs 130 crore to take over the debt of EPC company Consolidated Construction Consortium (CCC) topping National Asset […]
Kairus Shavak Dadachanji buys stake in Shrem InvIT
Kairus Shavak Dadachanji, chairman of the Dadachanji Group of Companies invested Rs 156 crore through a bulk deal as the wealthy investor bought 1.5 crore […]
Tejas Shah joins Prince Pipes and Fittings as Head IT Applications
Over 19 years of experience, Leading the IT Operations, application support, IT Infrastructure Management & IT Project Management Team with the objective of transforming the […]
NARCL withdraws offer to acquire GTL
National Asset Reconstruction Company of India (NARCL), the bad bank promoted by the government, has withdrawn its offer to acquire the debt of GTL, on […]
Zoho believes it is an era of humility for tech, announces new R&D investments and $1 billion in revenue
Delhi, November 8, 2022 — “At Zoho, we have always believed that technologists should practice more humility,” said Sridhar Vembu, CEO and Co-founder, Zoho Corp. on the sidelines […]
Life insurers register 15 pc rise in new biz premium at Rs 24,916 cr in October
The new business premium income of India’s life insurance companies rose by 15.3 per cent to Rs 24,916.58 crore in October 2022, data from the […]
Motilal Oswal Alternates plans to raise Rs 2,000 crore via sixth realty fund
Motilal Oswal Alternates, the alternative investments arm of Motilal Oswal Group, is planning to raise over Rs 2,000 crore through its sixth real estate fund, […]