The move could reduce the thresholds requiring foreign banks with corporate business in the country to set up subsidiaries, the financial times. The Bank of England is looking at plans to force more international banks to set up subsidiaries in the UK, The Financial Times reported on Tuesday. The BOE … Read more
Tag: business
Invicto Launch: Maruti Suzuki launches its most expensive car in India starting at Rs 24.79 lakh
Maruti Suzuki Invicto launched in India in three variants and the prices go all the way to Rs 28.42 lakh (ex-showroom).Maruti Suzuki launches the Invicto MPV at Rs 24.79 lakhs which is its most expensive offering in India till date. The new Invicto MPV is essentially a cross-badged variant of … Read more
Bandhan Bank CFO Sunil Samdani to step down on September 30
Sunil Samdani’s last working day as the CFO would be September 30, 2023. Bandhan Bank on Tuesday informed that its CFO Sunil Samdani has resigned to ‘explore professional opportunities’ outside the bank. His last working day as the CFO would be September 30, 2023. “The Bank is in the process … Read more
Harley Davidson X440 is going to elevate Hero Motocorp’s premiumisation strategy: Pawan Munjal
The two iconic two-wheeler brands launch first co-developed product as part of licensing agreement.The much-awaited American motorcycle brand Harley-Davidson launched the X440 on Monday evening at Hero MotoCorp’s Global Centre of Innovation and Technology in Jaipur at its most affordable price point of Rs 2.29 lakh. Hero MotoCorp, the world’s … Read more
Maruti Suzuki June 2023 production show 5% decline, but Brezza, Jimny, Fronx SUVs remain in focus
In the Mini segment, which includes Alto and S-Presso, Maruti Suzuki produced 14,646 units in June 2023, compared to 20,145 units in June 2022. Maruti Suzuki, India’s leading automobile manufacturer, has released its production volume data for June 2023. The company continued to face shortage of electronic components leading to flat … Read more
Skoda Auto India launches limited Matte Edition of Kushaq SUV; check variants, prices
The special edition Skoda Kushaq features a 1.5 TSI badge at the rear for models equipped with the 1.5 TSI engine. Skoda Auto India has unveiled an all-new limited edition variant of the popular Kushaq SUV, called the Matte Edition. The Kushaq, which made its debut in July 2021, has … Read more
India is gearing up to become global semiconductor hub within 10 yrs: Ashwini Vaishnaw
Comparing the creation of the semiconductor industry to the construction of a building, the IT Minister said that India’s semiconductor strategy was being developed brick by brick using the best talent available and creating a conducive ecosystem. Even as India is poised to become a major global hub in semiconductor … Read more
DDA housing scheme 2023: Registration for 5,500 flats to start at 5 PM. Check how to apply, documents needed
A DDA notification said that under the latest scheme, registration will be open for 40 High Income Group (HIG) flats in Jasola, 200 Middle Income Group (MIG) flats in Dwarka and Narela. The Delhi Development Authority (DDA) is all set to open the online registration for over 5,500 flats today … Read more
IDFC First Bank to merge with IDFC Ltd in 155:100 share exchange ratio
Post merger, book value per share of IDFC First Bank would increase by 4.9%, as calculated on audited financials as of March 31, 2023. The Board of Directors of IDFC First Bank Ltd on Monday approved merger of IDFC Ltd with the lender. The share exchange ratio for the amalgamation of IDFC Limited with … Read more
Peak XV leads $10 million Series A1 funding round of spacetech start-up Digantara
This investment will enable the Bengaluru-based firm to deploy the first phase of its flagship Space-MAP surveillance satellite constellation. Bengaluru-based space situational awareness (SSA) firm Digantara Research & Technologies has raised $10 million in a Series A1 funding round to further develop its flagship Space-Mission Assurance Platform (Space-MAP), the company announced Tuesday. … Read more