Category: Business

Multiples Private Equity has announced it has made a £6.85 billion investment with a number of other financial investors for a 9.3% stake in BDR Pharmaceuticals International Pvt. Ltd., a research and development focused integrated pharmaceutical company. The funds will be used by the company to build additional R&D capabilities in current and emerging areas, […]

In response to the Reserve Bank of India’s (RBI) rejection of Chaitanya India Fin Credit’s application for a banking license, its CEO Sachin Bansal said it was not the last resort for the company’s plans and had several other options. “We have not yet received a written response. We’ll determine the next course of action […]

The total cost of the project is estimated at ₹1,466 crore with a potential to create jobs for 2,000 skilled, unskilled and semi-skilled people. The total cost of the project is estimated at ₹1,466 crore with a potential to create jobs for 2,000 skilled, unskilled and semi-skilled people. Maruti Suzuki India Limited (MSIL) would establish […]

In his banking career spanning four decades, Mr. Mundra has held several key positions. In his banking career spanning four decades, Mr. Mundra has held several key positions. Leading exchange BSE announced on Tuesday that its board has appointed SS Mundra, a director of public interest, as the exchange’s chairman. Mr. Mundra will replace Judge […]

Swiss building materials group Holcim has said its $6.38 billion deal with the group of Gautam Adani, Asia’s richest man, is tax free. Holcim had on Sunday signed a binding agreement with Adani Group to sell its business in India – about 63% stake in Ambuja Cement – which holds a 54.53 stake in ACC […]

Hyundai Motor India on Wednesday announced a partnership with Tata Power to build electric vehicle (EV) charging infrastructure in India. The auto major said it plans to facilitate the installation of Tata Power’s 60kW DC fast chargers at 34 of its EV dealership locations in 29 cities, in addition to the existing 7.2kW AC chargers, […]

Gold prices in the state capital jumped from £388 to £50,282 per 10 grams on Tuesday, according to HDFC Securities, reflecting the rally in international precious metals prices. In previous trade, the precious metal closed at ₹49,894 per 10 grams. Silver was also up ₹1,046 to ₹60,957 per kg from ₹59,911 per kg in previous […]

As taxpayers face technical glitches on the GST portal, the government said on Tuesday it was considering extending the tax payment deadline in April and had instructed Infosys to resolve the issue early. The Central Board of Indirect Taxes and Customs (CBIC) informed that Infosys reported a technical error in the April 2022 generation of […]

Sanjiv Bajaj | Credit: JAYANT PEDNEKAR India should refrain from outright banning cryptocurrencies and virtual digital assets, said Confederation of Indian Industry (CII) President Sanjiv Bajaj, noting that there may be positive applications for such products as well. “At CII, we believe these are new innovative assets or tools or products that are coming to […]

Piramal Group Chairman Ajay Gopikisan Piramal has been appointed Honorary Commander of the Order of the British Empire (CBE) by Her Majesty The Queen, the British High Commission said in a statement. Mr Piramal received the award for his contributions to UK-India trade relations as India Co-Chair of the UK-India CEO Forum, the High Commission […]