Sector: All Sectors
Poonawalla hires a veteran MD & CEO
Poonawalla Fincorp (PFL) has announced hiring of HDFC veteran, Mr. Arvind Kapil as MD & CEO of the Company. Arvind is currently the Country Head Mortgages at HDFC Bank and has been with the group for 25+ years. He played a key role in HDFC’s mega merger and now handles a mortgage book of over … Read more
Kovind panel sets stage for simultaneous polls, cites growth gains
On average, real GDP growth after simultaneous polls was comparatively higher than otherwise, the panel led by former President Ram Nath Kovind said. The committee submitted its report to President Droupadi Murmu on Thursday, recommending Constitutional amendments to facilitate concurrent polls. Home minister Amit Shah, former leader of the Opposition in Rajya Sabha Ghulam Nabi … Read more
BAT pares its stake in ITC
British American Tobacco (BAT) has sold a 3.5% stake in ITC. The stake has been sold in a block deal. BAT has realised a total of Rs 17,491 crore from the sale. The transaction has taken place @ Rs 400/ share which is similar to the prevailing market price. Post this stake sale, BAT’s shareholding … Read more
Aditya Birla Finance is merging into Aditya Birla Capital
Aditya Birla Finance (ABFL) is a 100% subsidiary of Aditya Birla Capital (ABCL). ABFL is a non-listed NBFC whereas ABCL is a listed holding company. The proposed merger is to ensure compliance with with Scale Based Regulations of RBI which require mandatory listing of ABFL by September 30, 2025. There is not much else to … Read more
ED attaches ₹376-crore assets in Bhushan Steel case
The Enforcement Directorate (ED) has attached assets worth ₹367 crore in the money laundering case involving Bhushan Steel Limited and others. The immovable properties are located in Delhi, Mumbai, Kolkata, and Odisha. On Friday, the agency said the attached properties were held in the name of “benamidars” and shell entities through dummy directors. It is … Read more
Netanyahu approach to Gaza war ‘hurting Israel more than helping’: Joe Biden
Joe Biden said Benjamin Netanyahu’s approach to the war in Gaza was “hurting Israel more than helping Israel” in an interview aired Saturday, as the US leader’s impatience with his Israeli counterpart grows increasingly visible. With Gaza’s humanitarian crisis growing more dire and Biden’s left flank in uproar, the US president made contradictory remarks as … Read more