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Indian cricket skipper Virat Kohli is set to launch his debut collection of premium men’s innerwear and sleepwear. Kohli has entered into an exclusive brand licensing agreement with Kolkata-based Lux Industries for designing, manufacturing and marketing the entire range of men’s innerwear and sleepwear under his brand ‘One8’. Kohli plans to launch his private line […]

India and the World Bank have inked a USD 100 million loan and grant agreement for financing solar parks in the country. ‘Shared Infrastructure for Solar Parks Project’ loan will help the country to increase its solar power generation capacity.Funding has two components — a USD 75million loan from the International Bank for Reconstruction and […]

Leading retail chain Future Group plans to open 10,000 member-only Easyday stores to make it a Rs.1.5-trillion business opportunity by 2022. Retail chain today unveiled a 30-year vision, Retail 3.0, by when it plans to become Asia’s largest integrated consumer retailer by 2047 with revenue of in excess of USD 1 trillion. Future Group chief […]

Edelweiss Financial Services will invest Rs.700-800 crore per annum as capital in its retail lending business. Company’s target is to grow its SME, mortgage, and agriculture loan book. It is expected to use the proceeds from its recent qualified institutional placement (QIP) to invest in this business.Edelweiss expects to have a lending business of Rs.4,000-Rs.5,000 […]

ARSS Infrastructure has bagged a contract worth Rs 87.9 crore from Rail Vikas Nigam for execution of balance work in Chhattisgarh. Balance work is part of the Raipur -Titlagarh doubling project. Company secured the contract for execution of balance work of roadbed, major & minor bridges, track linking, S&T service buildings, other civil work and […]

Indian power transmission companies including the state-run Power Grid Corporation of India and private sector firms Sterlite Power and Adani Transmission, along with engineering players such as KEC International are vying for orders from Brazil to make up for the slack business in the domestic market. Earlier this year, Brazil invited bids for power transmission […]

Insurance heavyweight Aviva India is seeing a spurt in business from small and medium enterprises (SMEs) and expects the segment to come up on its own, a top official has said. Anjali Malhotra, Chief Customer, Marketing & Digital Officer at Aviva India, told that the SME line of business is trending at 6-10 per cent […]

Reliance General Insurance Company Ltd on Friday said it has signed a comprehensive Bancassurance agreement with YES Bank to distribute its various products. In a statement issued here, Reliance General – a subsidiary of Reliance Capital Ltd – said the bancassurance agreement – corporate agency agreement – has been inked to distribute insurance products to […]

Ford Motor and its Indian partner Mahindra & Mahindra could create their own electric car line in the country to help battle pollution from the vehicles clogging India’s roads, chairman Anand Mahindra said. Mahindra & Mahindra, which already sells the e2o micro electric car, would be open to creating a new electric vehicle line in […]

India’s automobile giant Mahindra today opened its new manufacturing plant with an investment of USD 230 million in the world’s car capital Detroit which got its first automotive production facility in 25 years. New plant will create 250 new jobs in the US.”It is pretty rare and extraordinary,” said Michigan Lieutenant Governor Brian Calley at […]