ICICI Venture and Morgan Stanley Private Equity Asia along with the Cyza Chem (a Poonawalla Group company) and two family offices are investing Rs 525 crore in Magma HDI General Insurance, a joint venture between Magma Fincorp and HDI Global SE, Germany.
The early delinquencies rate in microloans remained 6% higher than the pre-pandemic level during the third quarter of this fiscal, although it improved by over 7% from the second quarter.
Co-lending business will significantly help Chola and KVB expand their reach to new customer segments across the country.
Prior to this, he was chief general manager, responsible for steering various goals of the bank, including end-to-end digitisation, according to a statement.
The petition also alleges that the structure and manner of holding of some of the companies has been altered without the consent of the petitioners, without them being informed and with malafide intent to partition the group company-wise.
Analysts tracking the sector said the February wholesale auto data was in line with expectations. Nomura said industry wholesale growth for February was largely in line with its estimates across all segments.
The government is planning to scrap thousands of compliance requirements for companies in two phases by August 15, department for Promotion of Industry and Internal Trade (DPIIT) secretary Guruprasad Mohapatra said on Tuesday.
Has the steel industry left behind the phase of declining demand, fresh capacity addition not finding adequate market, falling prices, rising production cost and therefore a continuous period of poor Ebitda?
Ahead of privatisation of Bharat Petroleum Corporation (BPCL), the board of the fuel-retailer-cum-refiner on Monday approved sale of the company’s 61.65% stake in Numaligarh Refinery (NRL) which will garner about Rs 5,232 crore to the Centre as special dividend.
Hyderabad-based Mahindra University has made a disinfecting robot called the MUDRA (Mahindra Universite UV Desinfectant Robot Autonome).