Federal Bank has entered into a strategic partnership with Hedge Equities Ltd for providing Portfolio Investment Scheme (PIS) services to NRIs. A formal agreement was executed here in which Jose K Mathew (EVP & Head Retail Business, Federal Bank) and Alex Babu (MD, Hedge Equities Ltd) exchanged the MoU announcing the tie-up.Federal Bank is authorised […]

IDFC Bank and nonbanking financial company (NBFC) Capital First are likely to announce a merger on Saturday, creating a larger institution with about Rs. 1.4 lakh crore of assets and nearly 64 lakh customers. The union could also act as a springboard for IDFC Bank looking to quickly grow its assets, said two people familiar […]

ubilant Life gets green nod for Rs.250 crore pesticide project Jubilant Life Sciences has received a green nod for setting up a greenfield pesticide manufacturing unit at Bharuch, Gujarat at a cost of around Rs. 250 crore, as per the official document. Proposal is to set up a technical grade pesticide and pesticide-specific intermediate manufacturing […]

Lite Bite Foods, which runs restaurants under brands such as Punjab Grill and Asia Seven, is betting big on travel retail and outdoor and institutional catering segments. Company recently bagged the rights for master concessionaire for three airports at Kozhikode, Indore and Bhubaneswar. Restaurant chain runs a number of outlets at airports in New Delhi, […]

Tesla helped electric vehicles gain a mainstream foothold in the US by starting with luxury cars and then moving down-market. India’s nascent transition to EVs is heading in the opposite direction. Many consumers will get their first taste of electric vehicles from public-transit systems and corporate fleets in India, where car ownership per 1,000 citizens […]