Tags : business

People’s Bank of China picks up stake in ICICI Bank

The People’s Bank of China was among 357 institutional investors which included domestic mutual funds, insurance companies and global institutions that subscribed to the issue, sources said. New Delhi: After picking up a stake in housing finance major HDFC, the Chinese central bank People’s Bank of China has acquired a very small stake in ICICI […]Read More

Re-examining biz, operating models in wake of COVID-19 outbreak

The long-term outlook for the commercial vehicle sector continues to remain positive amid the pandemic, Ashok Leyland chairman said.   Chennai: Hinduja Group flagship Ashok Leyland is re-examining the business and operating models in the wake of the COVID-19 outbreak, a top official has said. In this direction, the company has taken a series of […]Read More

Flipkart signs MoU with UP government’s one District, One Product

The initiative called `Flipkart Samarth` will enable them to break entry barriers by extending time-bound incubation support which includes benefits in the form of on-boarding, free cataloguing, marketing, account management, business insights and warehousing support. Lucknow: E-commerce marketplace Flipkart has signed a memorandum of understanding (MoU) with the One District, One Product (ODOP) scheme of […]Read More

Mahindra & Mahindra Q1 profit falls 94% at Rs 55

Standalone revenue from operations for the quarter was at Rs 5,602.18 crore as compared to Rs 12,922.72 crore in the year-ago period, M&M said. New Delhi: Homegrown Auto major Mahindra & Mahindra on Friday reported 94 per cent decline in consolidated profit at Rs 54.64 crore for June quarter 2020, adversely impacted by the COVID-19 […]Read More