Fortune Wealth aims to raise Rs 500 crore for its multi-cap portfolio fund within 5 months. The fund, launched in June 2024, has already gathered Rs 320 crore.

IDFC First Bank raised Rs 3,200 crore by selling shares to six insurance companies, including LIC and HDFC Life. The bank allotted more than 39.68 crore shares for Rs 80.63 per scrip.

India's FMCG sector is projected to grow 7-9% in 2024, driven by government initiatives and digital transformation, according to a report. The sector faces challenges, but its resilience and...

The National Health Claim Exchange (NHCX), a digital platform for faster health insurance claims processing, is set to launch in the next 2-3 months. The platform aims to enhance efficiency and...

Bharti Enterprises sold 0.8% stake in ICICI Lombard for Rs 663 crore, reducing its holding to 1.63%. ICICI Bank increased its stake to 51.7% after buying 0.4% stake.

India's steel production is projected to surpass 300 million tonnes by 2030, fueled by strong infrastructure push and robust GDP growth. The government aims to reduce carbon footprint in the steel...

Cholamandalam Investment and Finance Company has appointed Ravindra Kumar Kundu as its Managing Director for a five-year term starting October 7. Kundu has been with the company for 24 years and...

Punjab National Bank (PNB) reported a significant jump in its Q1 FY25 profit, driven by a decline in bad loans and improved interest income. Learn more about PNB's financial performance.

India's government is expected to decide on a sugar MSP hike in the coming days, according to Union Food Secretary Sanjeev Chopra. The current MSP has remained unchanged since 2019, while...

ICICI Bank reports a 10% rise in consolidated net profit for the June quarter, reaching Rs 11,696 crore. Standalone profit also increased to Rs 11,059 crore.

Marina Harley-Davidson has opened its second dealership in Chennai, offering sales and service for premium Harley-Davidson motorcycles. The new facility is located in Velappanchavadi.

India's steel production is projected to surpass 300 million tonnes by 2030, fueled by strong infrastructure push and robust GDP growth. The government aims to reduce carbon footprint in the steel...

Himachal Pradesh will build a Rs 350 crore medical devices park with its own funds, rejecting central funding. The park will be built on 265 acres and will be a source of income for the state.

Cholamandalam Investment and Finance Company has appointed Ravindra Kumar Kundu as its Managing Director for a five-year term starting October 7. Kundu has been with the company for 24 years and...

Punjab National Bank (PNB) reported a significant jump in its Q1 FY25 profit, driven by a decline in bad loans and improved interest income. Learn more about PNB's financial performance.