The five new startups chosen in Cohort 3 are Clean Slate, Peer Robotics, Vicara, Hyper Reality, and URJA The country’s largest carmaker Maruti Suzuki India Ltd (MSIL) on Tuesday said it has shortlisted five new startups as part of its third cohort of MAIL (Mobility & Automobile Innovation Lab) programme. The five new startups chosen in Cohort 3 are Clean […]
Read more The five new startups chosen in Cohort 3 are Clean Slate, Peer Robotics, Vicara, Hyper Reality, and URJA The country’s largest carmaker Maruti Suzuki India Ltd (MSIL) on Tuesday said it has shortlisted five new startups as part of its third cohort of MAIL (Mobility & Automobile Innovation Lab) programme. The five new startups chosen in Cohort 3 are Clean […]
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Fintech major Paytm on Monday said it has brought back ‘Paytm Cricket League’ with UPI cashback and scratch cards on its platform, weeks after these features were removed after Google briefly blocked the app on Google Play store for policy violation. Users can now collect stickers of cricket stars as they pay digitally for their mobile bills, recharges, buying groceries […]
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Measures to boost realisation include a naphtha splitter, low sulphur fuel oil foray State-owned refiner Chennai Petroleum Corporation Ltd. (CPCL) , which posted a loss of ₹2,078 crore in FY20, has planned several initiatives for the current fiscal to improve its operational performance, said a top official. CPCL posted a pre-tax profit of ₹430 crore in the first quarter following […]
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According to an RBI circular, the CCO should be appointed for a minimum fixed period of three years in the rank of a general manager or not below two levels of the rank of CEO. The Reserve Bank of India (RBI) on Friday laid down guidelines for appointment of chief compliance officer (CCO) in banks to ensure uniform approach with […]
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Indian billionaire Mukesh Ambani’s Reliance Industries Limited is in talks to sell 40 percent stake in its retail unit, Reliance Retail Ventures Limited or RRVL, to Amazon.com Inc. for $20 billion, Bloomberg reported. Meanwhile, American private equity firm Silver Lake Partners announced its investment of 7,500 crore Indian Rupees or about $1 billion for a 1.75 percent equity stake in […]
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Eastern to be merged into MTR Foods Orkla, a Norwegian supplier of branded consumer goods to the grocery, out-of home, specialised retail, pharmacy and bakery sectors, has entered into an agreement to acquire 67.8% stake in Kochi-based Eastern Condiments. The parties had agreed on a purchase price that values Eastern Condiments at ₹2,000 crore, on a debt and cash-free basis. […]
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COVID-19 not to derail carmaker’s ₹8,000-cr. investment plan, says official The government must refrain from getting into a ‘protectionist mood’ that may disrupt supply chains for global automobile firms manufacturing in the country, particularly as they emerge from the impact of recent lockdowns, a senior Volkswagen India official said. “If you ask me what would help from the government in […]
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Weak sales and a lack of visibility for future demand are reasons cited Barely a decade after its entry, Harley-Davidson Inc. is looking to wind down its assembly operations in the country as a result of weak sales and a lack of visibility for future demand, industry executives said. The iconic U.S. motorcycle maker has sent out feelers to a […]
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