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  • IDFC may put its AMC biz on sale: Here's what makes it an attractive buy

    22 March, 2018 8:51 AM 12

    IDFC Mutual Fund has done better for itself and has raised its rank further in the industry even though the number of firms increased and the competition in the industry intensified IDFC Asset Management Company is up for sale, and may soon be acquired by another large mutual fund player or a company as the AMC’s parent, IDFC is looking to exit the AMC business

  • Supreme Court orders status quo in RCom's asset sale to Reliance Jio

    22 March, 2018 8:02 AM 20

    SBI had yesterday moved the apex court challenging a tribunal's order, which was upheld by the Bombay High Court, allowing Ericsson to stake a claim on RCom Consolidated's assets. The Supreme Court today ordered that status quo be maintained on Reliance Communication's sale of assets to R-Jio on pleas by a consortium of banks. The apex court bench, comprising

  • Adient, Arvind form JV to make and sell auto fabrics

    21 March, 2018 5:28 PM 30

    The venture will cater to Indian, global auto manufacturers Adient, a global leader in automotive seating, has formed a joint venture (JV) with Arvind Ltd. to develop, manufacture and sell automotive fabrics in India. The JV named Adient Arvind Automotive Fabrics will be based in Ahmedabad, where it will manufacture high-end performance fabrics for automotive

  • RCom gets bondholders’ nod for sale of assets to Jio

    21 March, 2018 5:16 PM 31

    Holders of debt-laden telecom operator’s $300 million bonds also approve the partial release of noteholder collateral Reliance Communications Ltd. (RCom) said on Wednesday its bondholders had approved their asset-sale plan, that includes the sale of certain assets to upstart rival Reliance Jio Infocomm Ltd. RCom also got approval for the partial release

  • Cabinet approves Ayushman Bharat Scheme launch

    21 March, 2018 4:42 PM 27

    The National Health Protection Scheme will have a central budgetary support of Rs 85000 crore till March 2020. It will will give a cover of Rs 5 lakh per family per year. The government has approved the launch of the "Ayushman Bharat Scheme" losely termed as Modicare. Here are the top five highlights of the scheme... 1: The National Health Protection

  • ICICI Securities raises Rs 1,717 cr from anchor investors

    21 March, 2018 4:33 PM 115

    ICICI Securities, the subsidiary of country's largest private sector lender ICICI Bank, has raised Rs 1,717.25 crore from anchor investors on Wednesday, the day before issue opens. The broking subsidiary of the bank has finalised allotment of 3,30,24,165 equity shares to 28 anchor investors at a price of Rs 520 per share. Big names in anchor investors

  • Govt to set up 18 new missions in Africa by 2021

    21 March, 2018 4:14 PM 34

    The Union Cabinet today approved the opening of 18 new Indian missions in Africa with an aim to expand India's footprints in the resource-rich continent where China has been trying to increase its presence. The new Indian missions will be set up over four years, from 2018 to 2021, the government said in a statement. It said the new Indian missions will be opened

  • Travel, hospitality sector fast adopting digital technology: Report

    21 March, 2018 1:24 PM 43

    Growing disposable incomes and the rise of millennials are making the travel and hospitality sector rapidly adopt various tools, technologies and digital platforms to improve customer experience, says a report. "We are in a digital era and travel and hospitality is not an exception. The rampant penetration of smartphone has transformed the travel consumption

  • Magicbricks-SBI online home festival generates interest from 70,000 buyers

    21 March, 2018 1:02 PM 37

    Realty portal Magicbricks today said that its online home festival, in tie-up with SBI, has generated interest from potential 70,000 buyers. "The 'SBI-Magicbricks Big Bang Home Carnival' witnessed an overwhelming response from over 70,000 potential buyers who were interested in home buying or home finance," the company said in a statement. The online

  • 60% startups may fail amid lack of market: Mohandas Pai

    21 March, 2018 12:48 PM 34

    All startups have a bright future, but 60 per cent of them may fail owing to lack of market and other factors, according to IT veteran T V Mohandas Pai. The former Infosys director said India has about 30,000 startups employing about 3.5-4 lakh people and every year about 5,000-6,000 such ventures are sprouting. “Last year, we got about USD 13.65 billion