Sebi finds Anil Ambani behind fund diversion at RHFL, alleging management defied board diktat on lending practices and approved loans to unworthy creditors.

The Competition Commission of India (CCI) has approved Warburg Pincus's acquisition of Shriram Housing Finance for Rs 4,630 crore. The deal will see Warburg Pincus acquire Shriram Finance's housing...

Finnish mobile company HMD will manufacture its new smartphone range in India and export them internationally. The company aims to leverage India's competitive manufacturing landscape and tap into...

Shriram Finance shares climbed over 5% after announcing the sale of its housing finance arm to Warburg Pincus for Rs 4,630 crore. The deal will allow Shriram to focus on vehicle finance and small...

Shriram Finance has sold its housing finance arm, Shriram Housing Finance, to Warburg Pincus for Rs 4,630 crore. The deal is expected to be completed by March 2025.

Sebi confirms a ban on SecUR Credentials and its MD Rahul Belwalkar from the securities markets due to alleged fund diversion. The ban was initially imposed in June and confirmed after a detailed...

Exim Bank India has partnered with Nedbank in South Africa to support trade transactions, aiming to facilitate smoother international commerce. The agreement, signed in Johannesburg, aims to...

Auréa completes acquisition of The Body Shop, aiming to revitalize the brand and reclaim its global leadership in ethical beauty. Mike Jatania and Charles Denton will lead the revival efforts.

India's Semiconductor Mission aims to establish 10 semiconductor manufacturing plants in the next decade. The government has received 20 proposals and approved five projects with a total investment...

India's GST revenue from online gaming surged 412% in six months since the implementation of a 28% tax on the sector, Finance Minister Nirmala Sitharaman announced.

Sikkim government signs MoU with NID Ahmedabad to promote creative economy, leveraging the state's rich cultural heritage and fostering opportunities for women and youth.

India Opportunities Growth Fund sold a 1.7% stake in Electrosteel Castings for Rs 219 crore through an open market transaction, reducing its stake to 3.08%.

Around 900 workers at Samsung's Chennai plant went on strike demanding a wage hike and improved working conditions, impacting production of consumer durables.

Champat Rai, general secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust, estimates Rs 400 crore GST from Ram Temple construction in Ayodhya. Learn more about the temple complex and its...

PN Gadgil Jewellers has raised Rs 330 crore from anchor investors ahead of its IPO. The IPO, which opens on September 10, is expected to raise Rs 1,100 crore.