Mumbai, June 23 (SocialNews.XYZ) Life insurance company HDFC Life on Wednesday announced a bonus of over Rs 2,000 crore on its participating plans. The eligible participating policyholders will get a share of the surplus generated…
New Delhi, June 23 (SocialNews.XYZ) In a boost to the BPO sector in the country, the Department of Telecommunications (DoT) on Wednesday further liberalised the guidelines for Other Service Providers (OSPs). These entities are Business…
By Sanjeev Sharma New Delhi, June 23 (SocialNews.XYZ) Goldman Sachs estimates that Dixon Technologies will grow its revenue by 5X and its EBITDA by 5.5X over the next decade. Over the last decade, global electronics…
New Delhi, June 23 (SocialNews.XYZ) Jamsetji Tata, the founder of Tata Group, has been named the topmost philanthropist of the century globally by Edelgive Foundation and Hurun India. The inaugural list on philanthropists of the…
London, June 23 (SocialNews.XYZ) Deteriorating living and working conditions for workers in garment supply chains during the Covid-19 pandemic have increased the risk of forced labour in several countries, including India, according to a new…
New Delhi, June 23 (SocialNews.XYZ) Ayurvedic healthcare company Dabur India on Wednesday commenced construction of its new manufacturing facility in Madhya Pradesh. The new unit is being set up with a phased investment of around…
New Delhi, June 23 (SocialNews.XYZ) Heineken International B.V. now has controlling stake in United Breweries Ltd (UBL) after it picked up nearly 15 per cent additional stake in the company. The shares were sold by…
Copenhagen, June 23 (SocialNews.XYZ) Denmark’s reopening schedule is having the effect of returning economic activity “close to pre-pandemic levels” and “a mild boom” should be expected in coming years, the Danmarks Nationalbank said on Wednesday….
New Delhi, June 23 (SocialNews.XYZ) State-run banks will get a total of Rs 9,041.5 crore through the sale of assets belonging to economic offenders such as Vijay Mallya, Nirav Modi and Mehul Choksi, attached or…
New Delhi, June 23 (SocialNews.XYZ) In a bid to curb offshore tax evasion, the Union Cabinet has approved an agreement between India and the Caribbean nation — Saint Vincent and The Grenadines. Under the pact,…
New Delhi, June 23 (SocialNews.XYZ) In a bid to curb offshore tax evasion, the Union Cabinet has approved an agreement between India and the Caribbean nations — Saint Vincent and The Grenadines. Under the pact,…
Mumbai, June 23 (SocialNews.XYZ) The tours and travel industry, which was beginning to recover before the second wave of Covid-19 infections began, will now see revenue this fiscal reaching only 35%-40% of the pre-pandemic levels,…
New Delhi, June 23 (SocialNews.XYZ) In an industry first initiative, low cost carrier Indigo has started offering a discount of up to 10 per cent on its base air fare booking to customers in a…
Mumbai, June 23 (SocialNews.XYZ) The Board of Directors of Asian Paints has approved the appointment of Deepak Satwalekar as the Chairman of the Company. Satwalekar, who is currently an Independent Director on the Board shall…
New Delhi, June 23 (SocialNews.XYZ) The opening of the economy and easing of Covid infections last year has affected the financial savings of households. According to Preliminary Estimates of Household Financial Savings released by Reserve…
Mumbai, June 23 (SocialNews.XYZ) Country’s largest bank State Bank of India may raise only up to Rs 9,000 crore in capital through additional tier I bonds (AT1 bonds) in current financial year (FY22) and could…
New Delhi, June 23 (SocialNews.XYZ) Finance minister Nirmala Sitharaman on Wednesday participated virtually in Asia Infrastructure Forum (AIF2021) on ‘Enabling sustainable infrastructure for Asia’s recovery’. Speaking at the forum co-organised by InfrastructureAsia, EnterpriseSingapore, Ministry of…
Mumbai, June 23 (SocialNews.XYZ) Piramal Pharma has completed the acquisition of Hemmo Pharmaceuticals Private Ltd for cash consideration of Rs 775 crore and earn-outs linked to achievement of milestones. In March, Piramal Enterprises, the parent…
New Delhi, June 23 (SocialNews.XYZ) Moody’s Investors Service estimates that the overall hit to India’s economy to be softer than during the first wave last year. However, the pace of recovery will be determined by…
New Delhi, June 23 (SocialNews.XYZ) The Enforcement Directorate (ED) on Wednesday said it has handed over assets worth Rs 9,371 crore belonging to fugitive businessmen Vijay Mallya, Nirav Modi, Mehul Choksi to state-run banks to…