Tuesday, May 18, 2021

Aviva to sell life insurer Friends Provident International for $443 million

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Bengaluru: Aviva, Britain’s biggest life insurer, said it would sell Friends Provident International (FPIL), which provides life assurance and investment products in Asia and...

NHSRCL signs deal with L&T-IHI consortium for Bullet train project

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The National High Speed Rail Corporation Limited (NHSRCL) on Monday signed a contract agreement for procurement and fabrication of 28 steel bridges with the...

Manappuram Fiance raises Rs 200 crore through bonds

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Manappuram Finance has raised Rs 200 crore by issuing secured bonds on a private placement basis. The Financial Resources and Management Committee of...

Govt spending grows 53% YoY in February, but it’s still not enough

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The centre has stepped up spending further in the eleventh month of fiscal 2021. Government expenditure grew almost 53 per cent in February on...

Rupee Settles Higher At 73.42 Against Dollar Amid Market Gains

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The rupee surged by seven paise against the US dollar on Tuesday, December 29, to settle at 73.42 (provisional), amid positive domestic equities and weak...

Sensex, Nifty Soar To Record Closing Highs Led By Financial Shares

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Domestic share markets scaled new peaks on Monday tracking gains in Asian equities, as investors remained optimistic about COVID-19 vaccines and US President Donald...

NHPC gets shareholders’ nod to raise Rs 2,000 cr via bonds

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State-run hydro power giant NHPC today said its shareholders have approved the proposal to raise Rs 2,000 crore via issuance of non-convertible debentures...

Govt borrowing plan to cushion treasury portfolio of banks in Q4

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Treasury portfolio of banks will get a much-required breather in the fourth quarter as bond prices improve following announcement of the borrowing programme...

Govt to borrow Rs 2.88 lakh crore in April-September FY19

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The government will borrow Rs 2.88 lakh crore or 47 per cent of total budgeted gross borrowing during April-September, the first half of...

Rupee, bond prices gains as retail inflation eases to 13-month low

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Indian rupee and bond prices gained on Tuesday after consumer price inflation slowed to a 13 month low which eased fears of expected...

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Warren Buffett’s Berkshire Hathaway breaks up with 32-year long holding Wells Fargo

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Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment...

Edelweiss General Insurance launches IPOS, an end to end partner onboarding solution

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InsurTech start-up Edelweiss General Insurance (EGI), has launched yet another industry first digital offering, IPOS (Integrated Partner On-boarding Solution). This is a fully automated onboarding solution for...

Migsun beats lockdown, achieves sales amounting to Rs 80 crore in 21 days

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Migsun Group, one of the leading real estate developers of NCR, has announced that it has sold over 150 units amounting to approximately Rs...