Courtesy- OTV
After the March investment of 7,250 crore in Yes Bank, State Bank of India (SBI) on Wednesday confirmed that it is all set to invest further 1,760 crore by Follow on Public-Offer (FPO). The private sector has targeted raising 1,5000 crore through the FPO. SBI's executive committee approved the decision and informed in a regulatory filing.
Odisha Chief Minister Naveen Patnaik, via Twitter, revealed that the state government had signed an MoU with ArcelorMittal Nippon Steel India to set up a steel plant in the Kendrapara district. Setup with Rs 50,000 crore investment, the… read-more
TAGS: ArcelorMittal Nippon Steel India, Odisha, Steel, naveen patnaik, Lakshmi Mittal
After uncovering the details under a forensic audit report, Franklin Templeton Asset Management Company (AMC) and its trustees received a show-cause notice from SEBI. Reportedly, forced to shut six debt schemes owing to financial pressure, the… read-more
TAGS: SEBI, Asset management, Debt Scheme
E-vehicle manufacturer Okinawa Autotech has launched a new electric two-wheeler, specifically targetting the delivery businesses. Named Dual, the customisable two-wheeler comes with a 200-kg loading capacity and can deliver gas cylinders, water… read-more
TAGS: Electric Vehicle, B2B, Delivery, Dual, Okinawa
Reliance Foundation Chairman Nita Ambani has announced that the business house will bear the full cost of the COVID-19 vaccination for its employees, their spouses, children, and parents. Informing via email, the non-executive director of… read-more
TAGS: Reliance Industries, Mukesh Ambani, nita ambani, Covid-19 Vaccination
According to Hurun Global Rich List 2021, India added 55 new entrepreneurs to the billion-dollar club, taking the total number to 209 despite pandemic-hit 2020. Breaking down the data, India produced nearly two billionaires each week last year in… read-more
TAGS: Hurun Global Rich List, Entrepreneurs, Instacart, Zerodha, Landmark
Flipkart on March 4 floated a new voice search feature on its platform, enabling customers to search products in Hindi, English, and Hinglish languages. The new feature aims to "make the digital commerce experience convenient, accessible and… read-more
TAGS: Flipkart, Voice Search, business, New feature