HDFC Bank raises FD rates by 20bps
HDFC Bank increased fixed deposit rates for retail deposits by 20 basis points across multiple tenors starting June 10, offering rates such as 7.25% for 18 months to less than 21 months, 7.10% for 15 to 18 months, and 6.60% for one year to 15 months.
IndiGo promoters sell around 2% in airline
InterGlobe Enterprises, the promoter group of IndiGo, sold a 2% stake in the airline for over ₹3,367 crore to fund its ventures. The stake sale will be used for hospitality and corporate purposes.
Kotak Alt invests Rs 1,445 cr to acquire Viatris API biz for Matrix Pharma
This acquisition will make Matrix the second-largest Indian active pharmaceutical ingredients (API) player with global leadership in antiretroviral (ARV) APIs
India to remain fastest-growing among largest economies, says World Bank
For FY26 and FY27, the World Bank projected India's economy to grow at 6.7 per cent and 6.8 per cent respectively
B L Kashyap & Sons bags orders worth ₹1,021 crore
B L Kashyap & Sons bags orders worth ₹1,021 crore
Kotak Alt invests ₹1,445 crore for buying of API arm of Viatris by Matrix Pharma
Kotak Alt invests ₹1,445 crore for buying of API arm of Viatris by Matrix Pharma
Bharti Airtel Converts Foreign Debt Bonds Worth Rs 417 Crore To Equity
In January 2020, Airtel had raised $1,000 million through foreign currency convertible bonds.
Go Digit Q4 Results: PAT jumps 104% YoY to Rs 53 crore; gross written premium up 19%
The net profit stood at Rs 182 crore for the full financial year as against Rs 36 crore in FY23, recording a 405% jump. The gross written premium for the full financial year stood at 9,016 crore versus Rs 7,243 crore in FY23.
Union Bank to raise Rs 10,000 cr, including Rs 6,000 cr from stake sale
'This would be subject to the approval of the government, other regulatory authorities and shareholders' approval,'' it added
Shriram Life declares Rs 201 cr bonus in FY24 on higher premium income
The bonus payout would benefit 3.86 lakh policy holders of Shriram Life Insurance
HCLTech Extends Ties With Germany's apoBank In $278-Million Deal
HCLTech will accompany apoBank with an outcome-oriented managed services model, the IT services company said.
Suzlon Secures 103.95 MW Wind Project In Rajasthan
Suzlon secures 103.95 MW wind project in Rajasthan from AMPIN Energy Transition.
Tata Motors planning to invest Rs 18,000 cr in EV division till FY30
Aim to achieve 20 pc share in PV market by FY30, it adds