Tata Motors has received approval from its shareholders to divide the company into two separate listed firms. This decision was supported by 99.9995% of the votes. Plan to Separate Business Units The company will now separate its passenger vehicle (PV) business from its commercial vehicle (CV) division. The PV business includes popular models and the …
Shriram Finance Limited, one of India’s leading non-banking financial companies, has taken a significant step towards expanding its presence in the financial sector. Through the complete acquisition of SOIPL, a promoter group entity, the company aims to strengthen its portfolio by entering the primary dealership space, which facilitates trading in government securities. Strategic Acquisition to …
Gujarat Mineral Development Corporation Ltd. (GMDC) has entered into a long-term supply agreement with City Gold Pipes Pvt. Ltd. for the supply of 150 million tonnes of limestone. The duration of the agreement is 40 years. The limestone will be supplied from GMDC’s upcoming Lakhpat Punrajpur Mine, located in Lakhpat Taluka, Kutch District, Gujarat. As …
According to news reports, A forensic audit led by Grant Thornton has identified 25 employees of IndusInd Bank in connection with accounting lapses related to derivative instruments, as per the reports. The list includes individuals from the bank’s treasury department, including the former Managing Director and CEO, Sumant Kathpalia, and Deputy CEO Arun Khurana, who …
Tera Software Limited, along with ITI Limited, has received an Advance Work Order (AWO) for work under the BharatNet Project. The order covers the development of the Middle Mile Network for Package No. 15, which includes the states of Arunachal Pradesh, Nagaland, and Manipur. As of 12:14 PM on May 7, 2025, Tera Software share …
State Bank of India (SBI) is preparing to raise up to ₹10,000 crore through infrastructure bonds in June, according to a report by NDTV Profit. The public sector bank is likely to issue bonds with a 15-year maturity. The process has already begun, and the launch is expected to take place after the Reserve Bank …
Prestige Estates Projects Ltd has reported sales of over ₹3,000 crore within a week of launching its first residential project in the National Capital Region (NCR). The project, called The Prestige City, is located in Indirapuram Extension along National Highway 24. This is the developer’s entry into NCR’s residential market. As of 11:49 AM on …
Tata Consultancy Services (TCS) has released a new version of its MasterCraft™ platform, now integrated with Generative AI (GenAI) and Agentic AI. The platform is intended to help enterprises automate the process of modernising old IT systems, which are often complex and costly to maintain. As of 11:07 AM on May 7, 2025, Tata Consultancy Services …
Federal Bank has announced new service charges effective June 1, 2025, for various banking services like ATM use, locker rent, and minimum balance requirements. These changes aim to better reflect operational costs and encourage digital banking. ATM Transaction Charges Free ATM Use at Federal Bank ATMs: Unlimited free transactions unless stated otherwise. Other Bank ATMs: …
India’s leading stock exchanges, the National Stock Exchange (NSE) and BSE Ltd, have temporarily restricted access to their websites for overseas users. According to sources familiar with the matter, this decision was taken after a joint meeting between the exchanges to discuss potential cyber threats. While this measure limits access to the websites, it does …
