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.

Shriram Finance has agreed to sell its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus for Rs 4,630 crore. The deal is expected to be completed in February 2025.

Telecom infrastructure providers are seeking input tax credit on telecom towers, increased tax depreciation rate, and TDS rationalization in the Union Budget 2024.

The Chatterjee Group (TCG) has launched Food Technology and Science Institute (FTSI) to develop high-quality, nutrient-rich food ingredients catering to health-conscious consumers.

Fineotex Chemical Ltd raised Rs 342.55 crore through the issuance of equity shares and warrants on a preferential basis. The company will use the funds for organic and inorganic growth.

Zydus Lifesciences secures Mexican regulatory approval for Bhava, a biosimilar cancer treatment, expanding its reach to Latin America. The drug is used for various cancers, including colorectal and...

JSW Neo Energy has secured a contract to develop a 500 MW solar project with energy storage systems from SECI. The project will be located in India and is part of the company's ambitious goal to...

Wipro shares plummeted nearly 9% on Monday after the IT major announced flat sequential growth guidance for the upcoming quarter. The company reported a 4.6% YoY rise in net profit but saw a...

Business leaders urge the creation of a new NBFC-PSL category in the Union Budget to boost MSME lending and growth.

Aluminium prices fell on the Multi Commodity Exchange (MCX) due to lower demand from consuming industries. The August contract dropped by Rs 1.65 to Rs 218.55 per kg.

Copper futures declined on Monday due to muted demand in the domestic market. Analysts attribute the drop to speculators reducing their positions.

India's GDP is projected to grow at 6.5-7% in 2024-25, according to the Economic Survey 2023-24. The forecast takes into account global challenges and domestic growth drivers.

Crude oil futures edged down on Monday due to weak demand, falling by 0.03% to Rs 6,610 per barrel on the Multi Commodity Exchange. Global oil prices, however, saw gains.

China's central bank cuts key interest rates in a surprise move to revive the struggling property sector and stimulate economic growth. The move comes as the country faces challenges in the housing...