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RBI clears MobiKwik Group’s NBFC application

The NBFC license will enable the launch of a new lending division - MobiKwik Financial Services Private Limited (MFSPL, a wholly owned subsidiary), which...

Sigma Advanced Systems lands Rs 3,800 crore Rolls-Royce deal

Under the agreement, Sigma Advanced Systems will supply a wide portfolio of high-precision-engineered, safety-critical components and assemblies for Rolls-Royce’s aerospace programs. This is a program-level...

Sun Pharma to buy US-based Organon for USD 3.99 billion

Sun Pharma plans to fund the acquisition through a combination of available cash resources  (USD 2-2.5 billion) and committed financing from banks (USD 9.25-9.75...

KICL, Tvasta join to explore housing space in Australia

The collaboration seeks to leverage the country’s proven 3D concrete printing technology to address Australia's housing shortage, with potential financing support from international partners Under...

Re-appointment of Ramesh Babu as MD of KVB gets RBI nod

The RBI, on 24 April, approved the re-appointment, the bank said in a stock exchange filing. On January 23, the board of KVB had considered...

Mastek inks deal to sell building in Mahindra City

The company will sell the building for Rs. 60 crore to Caresoft Mobility Private Ltd. and the consideration will be received in two tranches,...

Reserve Bank cancels licence of Paytm Payments Bank

Consequently, Paytm Payments Bank Limited is prohibited from conducting the business of ‘banking’  or any additional business with immediate effect and RBI will make...

Promoters of Lux Industries opt for three-way split

Founded in 1957 by Giridhari Lal Todi as Biswanath Hosiery Mills, Lux Industries Ltd. came into being in 1995 and a new era began...

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Ambuja Cements lines up Rs 14,500 cr capex

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Another Coal India arm files for IPO

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The outcomes envisaged include developing practical solutions for the...

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