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    Flipkart to pickup 7.8% equity stake in Aditya Birla Fashion & Retail for Rs. 1500 Crore

    Biznextindia : The Board of Aditya Birla Fashion and Retail Limited (ABFRL) on Friday approved raising of Rs. 1500 Crore by way of preferential issue to Flipkart Group. The equity capital will be raised at Rs.205 per share. With this infusion, Flipkart Group will own 7.8% equity stake in ABFRL on a fully diluted basis. The promoter and promoter group...

    • 17 hrs ago
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    Paradip Port Marine Team rescues 3 Bangladeshi sailors from drowning

    Bhubaneswar: The Marine team of Paradip Port on Thursday successfully rescued three Bangladeshi sailors from drowning in deep sea. According to reports, the 3 Bangladesh crew members along with their rescue boat fell into the sea, while their ship Ocean Century was awaiting at the PPT Anchorage Point, this afternoon. The Malta Flag bearing ship has come to PPT for Iron ore...

    • yesterday
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    Ashok Leyland launches BOSS LX and LE Trucks, Prices start from Rs.18 lakh onwards

    Chennai: India's leading commercial vehicle manufacturer Ashok Leyland on Thursday launched the BOSS LE and LX Trucks, with i-Gen6 BS-VI technology in BS6. BOSS Brand has been one of the leading brands, from Ashok Leyland, in the Intermediate Commercial Vehicle (ICV) segment. These two vehicles will address the 11.1 tonne to 14.05 tonne GVW market. Customers...

    • 2 days ago
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    India's steel output may drop by 12%, consumption by 17% this fiscal: Care Ratings

    Biznextindia : India's domestic steel consumption and production will remain steady in the 2nd half of the current fiscal. However, in the whole year of FY21 India's crude steel output is likely to drop by 12% and consumption to drop by 14-17% mainly due poor first half, predicted Care Ratings. "Domestic steel production and consumption is expected...

    • 2 days ago
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    TVS launches 'Avengers' inspired TVS NTORQ 125 SuperSquad Edition at Rs.77,865

    Biznextindia : TVS Motor Company Tuesday launched the TVS NTORQ 125 SuperSquad Edition inspired by Marvel's Avengers. TVS has associated with Disney India's consumer products business to introduce a special SuperSquad edition of TVS NTORQ 125 - India's first Bluetooth connected scooter with RTFi technology, inspired by the iconic Marvel Super Heroes....

    • 4 days ago
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    Zydus Cadila gets USFDA approval for Solifenacin Succinate Tablets

    Biznextindia : Zydus Cadila has received final approval from the USFDA to market Solifenacin Succinate Tablets, (USRLD: Vesicare® Tablets) in the strengths of 5 mg and 10 mg. Solifenacin Succinate is a symptomatic treatment of urge incontinence and/or increased urinary frequency and urgency as may occur in patients with overactive bladder syndrome. The drug will be manufactured...

    • 4 days ago
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    JSPL develops Heat Treated Rails suitable for High speed and High Axle Load applications

    New Delhi : Jindal Steel and Power Limited (JSPL) on Tuesday said that it has successfully developed 60E1 1175 Heat Treated(HT) Rails suitable for High speed and High Axle Load applications. Indian Railways have projected a requirement of 1.8 Lac MT per annum of this high-grade 60E1 1175 Heat Treated (HT) Rails. Indian Railways has embarked upon upgrading...

    • 4 days ago
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    Edelweiss Asset Management raises USD 900 Million in ESOF III

    Mumbai: Edelweiss Alternative Asset Advisors (EAAA), part of Edelweiss Asset Management (EAM) on Monday announced the final close of its USD 900 mn ( INR 6,600 cr) alternative investment fund -ESOF III. This fund raise, amidst subdued economic climate, is a strong endorsement of the opportunities in the Indian alternative asset management space, as well as the robust and unique...

    • 5 days ago
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    Maruti Suzuki launches Limited Edition Swift

    New Delhi: Maruti Suzuki India on Monday announced the launch of the Limited Edition Swift at an additional cost of just INR 24,990/- over the existing models. The limited edition Swift which follows an all-black dominance theme which adds a new level of boldness to Swift's already sporty credentials. The Swift Limited Edition is accentuated with accessories like the Gloss Black Body Kit,...

    • 5 days ago
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    India likely to see deepest decline in Steel demand in decades: World Steel Association

    Biznextindia: India, the world's 2nd largest steel producer, is likely to witness the deepest decline in steel demand in decades. However, a relatively fast recovery should take place in 2021, predicted World Steel Association(worldsteel) in its Short Range Outlook (SRO) for the steel industry for 2020 and 2021. "India and Brazil have suffered...

    • a week ago

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