IRB Infrastructure Developers on Thursday said its special purpose vehicle — Udaipur Tollway Limited — has raised Rs 700 crore through the issuance of redeemable non-convertible debentures on a private placement basis. According to a statement, the Special Purpose Vehicle (SPV) will use proceeds to refinance the existing project debts. … Read more
Category: Business and Finance
DICGC settles claims worth Rs 8,516 crore in FY22
The Deposit Insurance and Credit Guarantee Corporation (DICGC) settled claims of Rs 8,516.6 crore in the last financial year and the bulk of them was from customers of the Punjab and Maharashtra Co-operative (PMC) Bank, the Reserve Bank said on Tuesday. An amount of Rs 3,791.6 crore was provided to … Read more
Honda Cars India partners with Indian Bank to offer attractive finance solutions
Honda Cars India (HCIL), a leading manufacturer of premium cars in India, has announced a tie-up with Indian Bank to provide easy, affordable and attractive financial schemes for its customers. The partnership will make purchasing of Honda products easier by offering easy loan disbursement, reasonable interest rates, special offers, flexible … Read more
‘KGF’, ‘Kantara’ producer Hombale Films to invest Rs 3,000 crore in Indian film industry
The production company behind “KGF” and “Kantara,” two Kannada blockbusters, plans to invest Rs 3,000 crore in the country’s entertainment sector over the next five years. The company plans to make films in all south languages, according to Hombale Films’ founder, Vijay Kiragandur. “We intend to invest Rs 3,000 crore … Read more
Starting in 2025, 3M will stop producing dangerous “forever chemicals,” according to reports
3M, the company behind Scotch tape and Post-It notes, will discontinue manufacturing controversial per- and polyfluoroalkyl compounds by the end of 2025. (PFAS). “Forever chemicals” are used to make coatings and other materials that can endure heat, oil, grease, and water, and are used in many common household items. According … Read more
KL Global Business School, Hyderabad Inaugurates Business Analytics Lab to develop Data-driven Solutions for Business Problems with Analytical Models
KL Deemed to be University, one of India’s leading private universities, recently received a 4-star rating by the Ministry of Education (MOE’s) Institution’s Innovation Council. KL Deemed to be University is one of the top 59 academic institutions with the highest star rating of 4 on a 5-scale this year … Read more
Himanta Biswa Sarma Announced Projects for Jorhat Worth More Than Rs 850 Cr
Assam’s chief minister announced 850 crore rupees worth of initiatives for Jorhat District. A memorial for Lachit Barphukan near his Maidam or grave is the first project. The area will grow to become a popular tourist destination in the region. Additionally, the construction of access roads will be part of … Read more
Assam govt launches ‘Orunodoi 2.0’, scheme to benefit over 1 mn people
On Wednesday, Assam Chief Minister Himanta Biswa Sarma unveiled the second version of “Orunodoi,” the state government’s flagship programme for giving financially vulnerable households financial security. He said that to date, around 17 lakh women have been receiving an amount of Rs 1,250 each on the 10th of every month … Read more