Corporate

MSME loans make it easier for small business owners to finance business requirements. This will not only improve theproductivity of the business, but it also makes entrepreneurs concentrate on growing their business rather than facing insufficient liquidity. More than 50% of the country’s GDP (Gross Domestic Product) is contributed by the MSME and the SME sector. To raise these...

Shares of oil-to-telecom conglomerate - Reliance Industries - rose as much as 3.71 per cent to hit an intraday high of ₹ 1,970 after the fair trade regulator - Competition Commission of India (CCI) cleared Reliance Industries proposed acquisition of retail, wholesale, logistics and warehousing businesses of Future Group. The ₹ 24,713 crore deal that would boost Reliance Industries' fast...

Tata Steel has tested coking coal samples from Russia for making steel through the blast furnace route, Managing Director and Chief Executive Officer T V Narendran said. The development assumes significance in the domestic steel industry as a fruitful result of the experiment would break the monopoly of Australia in coking coal supply to India. According to official data, the...

The country's antitrust body on Friday cleared conglomerate Reliance Industries' $3.4 billion deal to buy Future Group's retail assets, thwarting Amazon.com's efforts to block the deal. The Competition Commission of India (CCI) announced its decision in a tweet on Friday, with details likely to be made public later. Amazon had approached the CCI and the country's market regulator SEBI alleging the...

Reliance Industries Ltd on Thursday said its retail arm had completed its fundraising exercise as more than half a dozen investors poured ₹ 47,265 Crore ($6.37 billion) for 10.09 per cent stake in the company in two months. Reliance Retail Ventures Ltd (RRVL) began raising capital in September, with U.S.-based private equity firm Silver Lake Partners pumping ₹ 7,500 crore for 1.6...

Vodafone's European towers unit, which is currently gearing up for a stock market listing, on Tuesday said it expects pro forma adjusted core earnings of up to 540 million euros ($640 million) in its 2021 financial year.The mobile operator on Tuesday will detail the prospects for Vantage Towers, which will IPO in Germany, Vodafone's biggest market. Vantage will operate...

Sales up 12%, Profit After Tax (PAT) up 54% vs year ago for the quarter ended September 30, 2020 Mumbai, Maharashtra, India(NewsVoir) Gillette India Limited (GIL) announced today its financial results for the quarter ended September 30, 2020. For the quarter ended September 30, 2020, the company delivered sales of Rs. 516 Crores, up 12% vs year ago behind...

Amazon.com Inc has asked market regulator to investigate Future Retail Ltd for insider trading, a letter seen by Reuters showed, as it seeks to prevent its business partner from becoming part of rival Reliance's empire. The US giant has been pressing the Securities and Exchange Board of India (SEBI) to review Reliance's August deal to buy retail, logistics and other...

Online grocery startup BigBasket is in advanced talks to sell a majority stake for about $1 billion to salt-to-software conglomerate Tata Group, the Economic Times reportedon Wednesday, citing three sources familiar with the matter. The century-old group has been planning to launch a "super app", one that will tie in all its consumer businesses, several media reports have said, as...

Paytm on Tuesday launched 'Payout Links' for businesses, enabling them to instantly process payouts to customers, employees, as well as vendors without collecting their bank details. According to a statement by Paytm, "the Payout Links offer seamless payment integration for businesses to send quick incentives and refunds to customers through an easy payout link. This will remove the need...