According to Reuters, Chennai-based space firm Agnikul Cosmos announced on October 17 that it has acquired an extra $26.7 million in investment ahead of its debut rocket launch. Agnikul is derived from the Hindi and Sanskrit words for fire....

Maruti Suzuki India intends to issue shares to Suzuki Motor Corporation (SMC) for the acquisition of its Gujarat unit at a price of Rs 10,421. According to a filing with the markets, the company's Board of Directors approved the purchase of...

Despite the sale of the US currency by the RBI, the rupee ended at a new closing low of 83.28 against the dollar. This is due to the mounting pressure and rising fears that the Israel-Hamas conflict may draw in its neighbors. Due to this, concerns...

An international proxy advisory firm, Institutional Shareholder Services Inc., has advised shareholders to vote against the proposal to appoint billionaire Mukesh Ambani's youngest son, Anant Ambani, to the board of the family-controlled...

The Reserve Bank has levied monetary fines on four cooperative banks for regulatory compliance problems. Gujarat Mercantile Co-operative Bank Ltd, Nagarik Sahakari Bank Ltd, Makarpura Industrial Estate Co-operative Bank Ltd, and The Sevalia Urban...

HDFC Bank Ltd. reported an increase in net profit for the fiscal second quarter of 2024. The lender's net profit increased 50.6% year on year to Rs 15,976 crore, up from Rs 10,605 crore the previous year. It topped the Rs 14,120 crore forecast...

As India’s largest public sector lender, State Bank Of India (SBI) has made a significant statement regarding its Unified Payments Interface (UPI) services. With this, customers might see sporadic fluctuations in the bank's UPI...

Aakash Educational Services, a BYJU subsidiary, is slated to undergo a shift in leadership as Aakash Chaudhry, the promoter of the coaching programmes, is expected to return as CEO. In April 2021, Aakash was acquired by the ed-tech business...

Last year, rates on fixed deposits (FDs) have risen gradually as FDs are very popular among the elderly. However, the post-tax returns may not be as attractive although FDs are well-known for their security and insurance coverage of up to 5 lakh...

Krishna Raghavan, Flipkart's chief people officer, has quit after more than a decade with the e-commerce business. A senior official at the organization confirmed Raghavan's decision to leave after a "long tenure" with the...