Bank of Baroda is likely to raise up to Rs 5,000 crore through the issuance of infrastructure bonds in coming days, as the state-owned lender looks to garner long-term funds amidst firm demand for credit.
In a statement, the group said chip policy under the incoming EU Commission should feature fewer export restrictions, focus on areas where European companies already had advantages, and that aid should be awarded more quickly.
The Indian Highways Management Company (IHMCL), under the National Highways Authority of India, has developed a GIS-based software for real-time monitoring of the waiting time at the toll plazas to ensure free flow of traffic and a hassle-free tolling experience. The monitoring service will be initiated at 100 toll plazas in the first phase and later extended to more toll plazas in a phased manner.
India's Adani Green Energy has approved a $444 million investment deal with TotalEnergies to form a new joint venture. Adani and TotalEnergies will each own a 50% stake, focusing on a 1,150 megawatt portfolio of solar assets. Shares of Adani Green surged 5.9% on Monday.
New York Fashion Week 2024 is set to return this September. With designers gearing up to present their spring/summer 2025 collections, excitement is building across the fashion world.
The report by Business News Radio cited an internal memo. A spokesperson for VDL said the company is reducing a small number of the flexible workers it employs, which happens periodically, and it is not planning job cuts among its 16,000 staff.
FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Rama Mohan Rao Amara for the position of managing director of State Bank of India (SBI). Amara is currently Deputy Managing Director of the bank.
POP, a fintech enabler created by ex-Flipkart employees, has launched India's first multi-brand co-branded credit card with RuPay and Yes Bank. It boasts partners like Zomato, Blinkit, and Cleartrip to cover daily expenses. Users earn POPcoins on each transaction, redeemable within the POP app.
HP, the US company had been seeking compensation over its acquisition of British tech firm Autonomy amid claims of fraud masterminded by its co-founder Mike Lynch to inflate the company's value. Mike Lynch, who died in August when his yacht sank off the coast of Sicily, had denied any wrongdoings.
Modi highlighted the scorn faced by the party during its early years. “Some people have been making fun of us. When we had just two members in Parliament, we were mocked. Some people's character is such that they believe belittling others makes them appear significant,” PM Modi said.
Former President Donald Trump, who backed Amendment 3 on the state's ballot, is in favor of legalizing marijuana for personal use in Florida.
ICICI Bank clarified that its group companies have not paid any salary or granted ESOPs to SEBI Chief Madhabi Buch post her retirement, other than retiral benefits. Congress alleges conflict of interest and demands her dismissal, claiming she has continued to receive income from ICICI Bank while holding the SEBI office since 2017.
The lender also stated that during Buch's tenure with the ICICI Group, she was compensated through salary and other benefits in accordance with applicable policies. ICICI Bank highlighted that all payments made to Buch after her retirement were accrued during her employment with the group. These payments include ESOPs and retirement benefits.
The company is offering new shares worth Rs 200 crore and existing shareholders, Kalamparambil Varkey Tolin and Jerin Tolin, are selling some of their shares worth Rs 30 crore.
Hollywood's Briarcliff Entertainment will release the controversial biopic 'The Apprentice' in the US on October 11. The film, which portrays Donald Trump as a rapist, has sparked intense discussions and legal threats from Trump's team. Directed by Ali Abbasi, it also delves into Trump's early business career and his relationship with lawyer Roy Cohn.
Nifty's short-term uptrend remains strong. While facing resistance around 25,350, there are no signs of a major reversal. A decisive break above 25,400 could propel Nifty towards 25,800. Immediate support lies at 25,100, according to Nagaraj Shetti of HDFC Securities.
The Reserve Bank of India (RBI) announced that 97.96% of the Rs 2000 notes have returned to the banking system, with only Rs 7,261 crore still with the public. The withdrawal of Rs 2000 notes was announced on May 19, 2023, and facilities for deposit and exchange were available until October 7, 2023.
Prince William and Prince Harry are attempting to patch things up, according to Princess Diana's family, the Spencers. They view the recent family funeral as a positive development, but there are still issues to deal with, such as continuous conflict and possible conversations over Harry's return to royal duties.
The Mumbai-based auto major on Monday launched midsize SUV coupe Curvv with petrol and diesel powertrains with a price starting at Rs 9.99 lakh. The company has already unveiled the electric version of the model in August. The model would be competing with the likes of Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, and Honda Elevate, among others.
Rajiv Gandhi International Airport in Hyderabad, managed by GMR group, has launched a new general aviation terminal exclusively for private jet users. The state-of-the-art facility offers services such as customs checks, security clearance, and dedicated lounges, promising enhanced comfort, convenience, and luxury for domestic and international private jet passengers.
The government is exploring avenues to ensure social security for gig workers. This and more in today's ETtech Top 5.
Is the United States heading for a recession? How should you prepare yourself to tackle the recession? Here's all you need to know.
