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REC overall loan disbursements up 18% to Rs 54,692 crore in Q3

REC overall loan disbursements up 18% to Rs 54,692 crore in Q3

Fri, Jan 03, 2025

For the nine-month (Q1-Q3) period of FY25, REC disbursed total loans amounting to Rs 1,45,647 crore, which is higher by 19.30 per cent compared to Rs 1,22,089 crore disbursed in the corresponding period of FY24.

NBCC gets Rs 300-crore work order in Varanasi, Rs 44-crore contract at AIIMS Gorakhpur

NBCC gets Rs 300-crore work order in Varanasi, Rs 44-crore contract at AIIMS Gorakhpur

Fri, Dec 27, 2024

State-owned NBCC has bagged a Rs 300-crore contract to develop a commercial complex in Varanasi, Uttar Pradesh. In a regulatory filing on Friday, the company said it has secured a Rs 300-crore order for "development of Jawaharlal Nehru Commercial Complex (JLNCC), Englishya Lines, Varanasi on self-sustainable model".

Tata Consumer Products denies reports on exit of Starbucks from India

Tata Consumer Products denies reports on exit of Starbucks from India

Thu, Dec 19, 2024

Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as "baseless". Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe chain in India under the brand name of Starbucks, which is the leading cafe chain in India.

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Vedanta says directors' panel approves raising up to Rs 1,000 crore via NCDs

Vedanta says directors' panel approves raising up to Rs 1,000 crore via NCDs

Mon, Dec 27, 2021

Vedanta Ltd on Monday said a committee of directors has approved raising up to Rs 1,000 crore through non-convertible debentures (NCDs) on private placement basis.

Macrotech ties up with Morgan Stanley to build warehousing project at Rs 600 crore investment

Macrotech ties up with Morgan Stanley to build warehousing project at Rs 600 crore investment

Thu, Dec 23, 2021

Realty firm Macrotech Developers on Thursday said it has partnered with Morgan Stanley Real Estate Investing (MSREI) to develop a premium warehousing project near Mumbai with an investment of Rs 600 crore.

Ninety One gets Rs 225 cr from A91 Partners, others

Ninety One gets Rs 225 cr from A91 Partners, others

Wed, Dec 22, 2021

Of the total fund infused, A91 Partners pumped in Rs 160 crore and the rest has been contributed by Fireside Ventures, Avaana Capital and Titan Capital, the city-based startup said in a statement on Wednesday.

Philips introduces 3-in-1 air purifier with heater for Rs 32,995

Philips introduces 3-in-1 air purifier with heater for Rs 32,995

Wed, Dec 22, 2021

Philips Domestic Appliances India on Wednesday introduced a multi-functional air purifier that is equipped with a three-layer HEPA filtration system which claims to remove 99.95 per cent of particles as small as 0.003 µm (micrometre).

Snapdeal co-founders Kunal Bahl, Rohit Bansal to take home Rs 5 crore each in salary in 2021

Snapdeal co-founders Kunal Bahl, Rohit Bansal to take home Rs 5 crore each in salary in 2021

Wed, Dec 22, 2021

E-commerce platform Snapdeal which has become quite popular in small-town India, spent nearly Rs 161 crore on employee benefits in the fiscal year 2021, reveal its IPO draft papers. Its co-founder and CEO Kunal Bahl (appointed as executive director) was set to get a fixed compensation of Rs 3.5 crore, along with a performance bonus of Rs 1.5 crore.

Godrej Appliances eyes 30% revenue from health, hygiene product segment by 2022-23

Godrej Appliances eyes 30% revenue from health, hygiene product segment by 2022-23

Tue, Dec 21, 2021

To cater to this increasing demand in the health and hygiene, the brand has introduced advanced nano disinfection technology to its range of frost-free refrigerators, for which the company has also filed a patent.

Oracle acquires e-health records firm Cerner for $28.3 billion

Oracle acquires e-health records firm Cerner for $28.3 billion

Tue, Dec 21, 2021

Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities.

CCI approves acquisition of shareholding in Air India, Air India Express and Air India SATS Airport Services by Talace Private Limited

CCI approves acquisition of shareholding in Air India, Air India Express and Air India SATS Airport Services by Talace Private Limited

Mon, Dec 20, 2021

The Competition Commission of India (CCI) has approved acquisition of shareholding in Air India Limited, Air India Express Limited and Air India SATS Airport Services Private Limited by Talace Private Limited.

Airbus selects Tata Technologies as strategic supplier

Airbus selects Tata Technologies as strategic supplier

Mon, Dec 20, 2021

Global engineering and product development digital services firm Tata Technologies on Monday said it has been selected by European aerospace major Airbus as a strategic supplier.

'Oracle in talks to buy $30-billion Cerner'

'Oracle in talks to buy $30-billion Cerner'

Fri, Dec 17, 2021

Enterprise software maker Oracle is in talks to buy electronic medical records company Cerner in a deal that could be valued at $30 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Meta to pay researchers for reporting data scraping bugs

Meta to pay researchers for reporting data scraping bugs

Thu, Dec 16, 2021

Under the programme, researchers will be rewarded for finding "unprotected or openly public databases containing at least 100,000 unique Meta user records with PII (personally identifiable information) or sensitive data.

realme GT 2 series confirmed to debut on December 20

realme GT 2 series confirmed to debut on December 20

Tue, Dec 14, 2021

"realme, world`s fastest-growing smartphone brand announces a much-awaited special event for realme GT 2 series to introduce three world premiere innovation forward technologies globally on December 20. This event aims to bring leap forward technologies to millions of users worldwide," the company said in a statement.

Oracle to see Cloud ERP business reach $20 billion in 5 years: Larry Ellison

Oracle to see Cloud ERP business reach $20 billion in 5 years: Larry Ellison

Fri, Dec 10, 2021

Oracle will see its Cloud ERP (enterprise resource planning) business to reach about $20 billion in five years, its co-founder and chief technology officer (CTO) Larry Ellison has said.

Better.com CEO Vishal Garg apologises for mass layoffs over Zoom call

Better.com CEO Vishal Garg apologises for mass layoffs over Zoom call

Wed, Dec 08, 2021

In a letter to employees that was leaked on Blind, an anonymous community app for the workplace, Garg said: "I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you."

Samsung Elec to merge mobile and consumer electronics divisions

Samsung Elec to merge mobile and consumer electronics divisions

Tue, Dec 07, 2021

Samsung Electronics Co Ltd said on Tuesday it will merge its mobile and consumer electronics divisions and named new co-CEOs in its biggest reshuffle since 2017 to simplify its structure and focus on growing its logic chip business.

Apple's AR/VR headset to focus on gaming, media consumption: Report

Apple's AR/VR headset to focus on gaming, media consumption: Report

Mon, Dec 06, 2021

In the latest edition of `Power On` newsletter Mark Gurman said that gaming should be a strong focus of the headset, especially given that it will have multiple processors, a fan, extremely high resolution displays and its own App Store.

ICICI Prudential Life Insurance launches 'ICICI Pru guaranteed income for tomorrow'

ICICI Prudential Life Insurance launches 'ICICI Pru guaranteed income for tomorrow'

Wed, Dec 01, 2021

One can select the premium payment term of either 7 or 10 years and based on their needs can opt to receive income for a period of 15, 20, 25, or 30 years, it said.

Cloud kitchen player Big Spoon gets USD 2 mn from Grip Invest

Cloud kitchen player Big Spoon gets USD 2 mn from Grip Invest

Wed, Dec 01, 2021

Big Spoon offers 11 different brands covering varied cuisines including Makhni, Oven and Grill, Meals 101, Monkey Fries, the Wrap Co and East Pizza Co.

Aviation rebound to sustain as vaccination drive keeps pace: Boeing India

Aviation rebound to sustain as vaccination drive keeps pace: Boeing India

Fri, Nov 26, 2021

Easing travel hesitancy along with a notable reduction in Covid infection rate and an accelerated vaccination drive will sustain the healthy rebound in Indias aviation sector, said aerospace major Boeing India.

Amid Covid-19, we will support our customers through restructuring: Nitin Chugh, Ujjivan Financial Services tells Anil Singhvi

Amid Covid-19, we will support our customers through restructuring: Nitin Chugh, Ujjivan Financial Services tells Anil Singhvi

Wed, May 19, 2021

In an exclusive interview with Zee Business Managing Editor Anil Singhvi, Ujjivan Financial Services MD & CEO Nitin Chugh talked about the bank’s performance in FY21, net income, margin, asset quality, and business outlook among others. Edited Excerpts:

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