MUMBAI: Education loan providers Credila Financial Services and Avanse are set to debut on the stock markets, with both companies preparing for IPOs. Credila plans to raise around Rs 5,000 crore, while Avanse aims for Rs 3,500 crore. Both IPOs will include a combination of fresh issues and offers for sale.Credila, formerly HDFC Credila, has…
NEW DELHI: Homegrown Indian liquor makers are mulling approaching food & beverages regulator FSSAI for a separate standard for the Indian single malt whisky that is rapidly scaling with the ongoing trend of premiumisation and has won several prestigious international awards. This will help maintain the reputation of Indian single malt whisky – now exported…
MUMBAI/NEW DELHI: The FMCG industry does not see a full revival in urban demand to set in until at least mid-next year. This is even when companies are betting on premiumisation to derive growth from the bigger cities, where consumers are seeking high-quality products and convenience to partly make up for the sluggishness that has…
ALBANY, N.Y: Large fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed Thursday by Gov. Kathy Hochul. The new law requires companies responsible for substantial greenhouse gas emissions to pay into a state fund for infrastructure projects meant to repair or avoid…
MPEZ MPPKVVCL Recruitment 2024: Class III and Class IV Posts on Regular Basis in Successor Companies of MPSEB MPPKVVCL Recruitment 2024: The Madhya Pradesh Paschim Kshetra Vidhyut Vitaran Company Ltd (MPPKVVCL) has announced a significant recruitment drive for various Class III and Class IV positions on a regular basis in the successor companies of the…
The Consumer Financial Protection Bureau (CFPB), an independent agency of the US government, sued Walmart and the workforce payments company Branch Messenger on Monday for allegedly forcing delivery drivers to use specific bank accounts, costing them more than $10 million in junk fees and misleading them about payment access. The lawsuit focuses on Walmart’s Spark…
NEW DELHI: Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India President and CEO Toshiaki Nomura.Though Canon did not disclose names, it said there are…
NEW DELHI: Fundraising through qualified institutional placements (QIPs) reached an all-time high in 2024, exceeding the Rs 1 lakh crore mark for the first time. This milestone, fueled by strong stock market conditions and higher valuations, saw Indian companies raise Rs 1,21,321 crore via QIPs by November, as per data from the Prime Database.This marks…
BENGALURU/HYDERABAD: A day after eyewear startup Lenskart inked a deal with the Telangana government to set up a manufacturing facility in the state, Karnataka industries minister MB Patil clarified on why the deal didn’t come to the state.“As custodians of taxpayers’ resources, we are committed to making prudent decisions that maximise long-term benefits for both…
NEW DELHI: Supreme Court Friday sought Union govt’s response on a PIL alleging that members of internal complaints committee (ICC) face vindictive action if they rule against the top brass of a private company while deciding a complaint of sexual harassment at workplace.To discharge their duties freely to provide a safe environment for women employees…