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Business News Today: Read latest breaking headlines for Business news, Financial news, Stock/Share market & Indian Economy news & updates on Businessline.
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Do venture capitalists know how to invest in deep tech?
11+ hour, 38+ min ago (218+ words) The government, too, has been supporting the sector. The ₹1 lakh crore Research, Development and Innovation (RDI) scheme provides long-term financing in areas such as quantum computing, robotics, space, biotechnology, AI and energy. The Technology Development Board has approved 22 projects with…...
Related parties of a personal guarantor would be assigned zero voting share on repayment plan: IBBI proposal - The HinduBusinessLine
20+ hour, 4+ min ago (282+ words) The Paper has been floated for public comments for strengthening safeguards in the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors. The IBBI is contemplating the aforementioned measures in the wake of a NCLT (New Delhi Bench) late August…...
Bharucha, Balasubramanian believed to be in race for top position at HDFC Bank
20+ hour, 12+ min ago (192+ words) HDFC Bank Deputy Managing Director Kaizad Bharucha HDFC Bank’s board may have shortlisted the names of its Deputy Managing Director Kaizad Bharucha and K Balasubramanian, Citi’s Chief Country Officer for India, for getting Reserve Bank of India’s approval to appoint…...
Tata Sons board to discuss RBI’s listing mandate on Thursday
21+ hour, 16+ min ago (273+ words) After the Reserve Bank of India turned down its request for de-registration as a core investment company, Tata Sons is expected to discuss the next steps on Thursday. While the company’s plan of action in the matter remains unknown, lawyers…...
Supreme Court rejects Reliance Communications’ creditors plea to consider spectrum for insolvency
21+ hour, 45+ min ago (201+ words) The Supreme Court has dismissed an SBI-led review petition calling for the reconsideration of Reliance Communications’ spectrum as part of the insolvency pool under the IBC code. In an order dated July 28, Justices PS Narasimha and Atul Chandurkar rejected the…...
Tata Sons listing to unlock ₹1.20-lakh crore value for seven group companies
22+ hour, 37+ min ago (480+ words) Some of the listed Tata Group entities will get re-rated with the RBI making it mandatory for Tata Sons to list on the stock exchanges. Seven listed Tata Group companies cumulatively own 11.6 per cent stake worth ₹1.20 lakh crore in Tata…...
PwC India, US to create consulting JV
1+ day, 3+ hour ago (251+ words) PwC US and PwC India on Sunday announced a joint venture that brings together their advisory capabilities across India and the US. The consulting major announced that it is joining PwC India’s Consulting business and PwC US Advisory’s India-based capabilities…...
Jindal Steel receives Guinness World Record recognition for building world's longest slag road
1+ day, 4+ hour ago (225+ words) Jindal Steel has received recognition from the Guinness World Records for constructing the world's longest road using steel slag aggregates. Steel slag is a waste by-product of the steel manufacturing process. Jindal Steel Limited, in collaboration with CSIR-Central Road Research…...
Zudio crosses 1,000-store mark in 10 years
2+ day, 2+ hour ago (129+ words) Tata Group retail firm Trent Ltd on Saturday said its value-fashion retail chain Zudio has crossed the 1,000-store milestone in the country. Zudio offers affordable propositions and has expanded rapidly since its launch in 2016, according to a regulatory filing by…...
Zomato starts levying additional fee on cash-on-delivery orders
2+ day, 2+ hour ago (178+ words) Online food delivery platform Zomato has introduced a separate fee on cash-on-delivery (COD) orders, with the charges varying across users and order values, checks on the company's app showed on Saturday. The new charge, shown as a "Pay on Delivery…...