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Hero Electric raised Rs 220 crore from GII and OAKS investors
India’s largest electric vehicles maker Hero Electric Vehicles Pvt. Ltd. has raised Rs 220 crore in a funding round led by UAE’s...European Union fines Volkswagen and BMW of $1 billion for emissions cartel
The European Commission on thursday fined German carmakers Volkswagen and BMW a total of 875 million euros ($1 billion) for colluding to...Hyundai to invest $7.4 bln in US by 2025 to advance EVs
Hyundai Motor announced plans to invest $7.4 billion in the US by 2025 to produce electric vehicles and further its investments in...CCI orders probe against Tata Motors for alleged unfair biz practices
The Competition Commission of India on Wednesday ordered an investigation against Tata Motors Ltd. after finding that its conduct was prima facie...Maruti Suzuki partners with Karnataka Bank for vehicle financing solutions
The country's largest carmaker Maruti Suzuki India on Wednesday said it has partnered with Karnataka Bank to offer vehicle financing options for...
- Aviation
SpiceJet signs deal with Avenue Capital for acquiring 50 more aircraft
SpiceJet airline signed a memorandum of understanding with New York-based Avenue Capital Group for financing, acquisition and sale and lease‐back of up...Airbus partners with Hyderabad-based Flytech to train drone pilots
Airbus on Wednesday signed a memorandum of understanding (MoU) with Hyderabad-based Flytech Aviation Academy, to explore collaboration opportunities in remotely piloted aircraft...Tata Sons to take control of Air Asia India with the holding of 83.6%
Tata Sons Ltd has acquired an additional 32.67 per cent stake in Air Asia India for $37.6 million. Now,...Indigo partners with car rental company Urban Drive
Budget carrier IndiGo has partnered with car rental company Urban Drive so that passengers can book self-driven and chauffeur driver services across 60 cities...Adani Group acquires 74 per cent stake in Mumbai International Airport
Gautam Adani-led Adani Group has acquired 74% stake in Mumbai International Airport Limited (MIAL) Adani Enterprises Ltd, through its...
- Banking
RBI allows IDFC to exit as promoter of IDFC First Bank
IDFC on Wednesday said that it had received the permission from the Reserve Bank of India (RBI) to exit the IDFC FIRST...HDFC Bank announced scholarship for students affected by COVID-19
India’s largest private sector lender HDFC Bank announced the launch of Covid Crisis Support Scholarship for the students who have been affected...Bank of Maharashtra fixes floor price at ₹24.89 per share for its QIP of ₹2,000 crore
State-run Bank of Maharashtra (BoM) on Tuesday said the board has fixed floor price of ₹24.89 per share for the proposed ₹2,000 crore qualified...RBI issued guidelines for co-operative banks for outsourcing risks
The Reserve Bank of India on Monday released guidelines for co-operative banks to manage risks that could arise from outsourcing of financial...Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds
State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis. Regulatory filing read...
- E- Commerce
Flipkart launched camera feature; user can view the product before purchase
Walmart-owned Flipkart on Wednesday introduced an augmented reality (AR) capability on its app Flipkart Camera that will provide an immersive ecommerce experience...Flipkart to buy back employee stock options worth Rs 600 crore
Walmart-owned Flipkart will undertake a buyback employee stock options worth about Rs 600 crore. The company confirmed the development...PhonePe partners with Flipkart to digitise cash-on-delivery payments
PhonePe, India’s leading digital payments platform on Monday said it has partnered with Flipkart to enable pay-on-delivery service for Flipkart's major orders.Flipkart launches ‘Shopsy’ app to boost entrepreneurship without investment
Walmart-owned Flipkart on Thursday announced the launch of an app ''Shopsy'' that will enable Indians to start their online businesses without any...Amazon Wins Case of $303 million against EU Regulators of Over Luxembourg Taxes
Amazon has won a major court fight against a European Commission order that it pay 250 million euros ($303 million) in back...
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Airtel and TCS announce collaboration to build 5G networks in India
Bharti Airtel and Tata Group have announced a strategic partnership for implementing 5G network solutions for India. This...Intel partners with Reliance Jio to work on 5G network technology
Intel Corp on Monday said it will partner with India's Reliance Jio to develop 5G networking technology. It...Jio adds 4.2 mn subscribers, Airtel adds 3.7 mn users in February
Mukesh Ambani-led Jio gained 4.26 million wireless subscribers against Airtel’s 3.73 million, according to latest subscriber data collated by the Telecom Regulatory...Vi Business launches integrated IoT solutions for enterprise
Vi Business, the enterprise unit of Vodafone Idea Ltd. (VIL) on Thursday announced the launch of integrated IoT solutions for enterprise in...Nokia partners with Microsoft, Amazon & Google for 5G Radio Solutions
Nokia on Monday announced that it has partnered with Microsoft, Amazon web services and Google to develop new cloud-based 5G radio solutions...
- Other Business News
Reliance Q1 Profit after tax jumps 67% to Rs 13,806 crore
Mukesh Ambani-led Reliance Industries (RIL) on July 23 reported June quarter profit at Rs 13,806 crore which is 66.7 percent year-on-year (YoY) increment....HUL Q1 result: Net profit meets Street estimates, rises 10% YoY to Rs 2,061 crore
Hindustan Unilever reported 10 per cent year-on-year growth at Rs 2,061 crore for the quarter ended June, which was in line with...Adani Ports to raise $500 million through dollar bonds
Adani Ports and Special Economic Zone Ltd (APSEZ), the group's leading port operator of billionaire Gautam Adani, is looking to raise at...Logistics startup BlackBuck enters into unicorn club with $67 million funding
BlackBuck on Thursday said it has raised $67 million in Series E round of equity financing led by Silicon Valley-based venture fund...Jeff Bezos, World’s Richest Man, Travels to space in his own Rocket
Amazon.com Inc. founder Jeff Bezos and three others landed after Blue Origin's first flight to space with passengers aboard.
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