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The Economic Times CCI clears International Finance Corp's acquisition of debentures in Napino

Fair trade regulator CCI on Tuesday said it has approved the proposed subscription to compulsory convertible debentures of Napino Auto and Electronics Ltd by International Finance Corporation. International Finance Corporation (IFC) is a member of the World Bank Group. It helps developing countries achieve sustainable growth by financing private sector investment and providing advisory services to businesses and governments.

The Economic Times M&M Finance postpones results after fraud

In a stock exchange notice post midnight, the company said the fraud involved forgery of KYC (know your customer) documents leading to embezzlement of company funds and pegged the total financial impact of the fraud at Rs 150 crore.

The Economic Times New MD & CEO appointed at Srei Infrastructure Finance under NARCL management

The Kolkata-based Kanorias previously controlled the twin companies of SIFL and Srei Equipment Finance Company till RBI superseded their boards over alleged mismanagement in October 2021 and subsequently initiated IBC proceedings. However, NARCL successfully acquired the companies under the Insolvency and Bankruptcy Code (IBC) initiated by RBI to resolve over Rs 32,000 crore debt of the NBFCs.

The Economic Times Expect capex for EV components to cross Rs 25,000 cr in next 3-4 years: ICRA

There has been substantial localisation in traction motors, control units, and battery management systems over the years, Icra said.

The Economic Times IIFL Finance starts special audit

The embargo was part of RBI's supervisory action over concerns related to certain loan disbursement practices.

The Economic Times Reliance tops India Involved Ranking 2023; underlines its commitment to Viksit Bharat

Reliance Industries has secured the top position in the India Involved Ranking 2023, which assesses the commitment of Indian corporations to Viksit Bharat. Compiled by Skoch, the ranking and index result from a meticulous six-month study. The evaluation involved analyzing numerous companies across 231 indicators to determine the top 20 corporates in the comprehensive 'India Involved Ranking'.

The Economic Times India objects to ILO report that claims 83% unemployed are youth

Labour and employment secretary Sunita Dawra called senior ILO officials and conveyed the government's displeasure over the India Employment Report 2024, prepared by the Institute for Human Development in collaboration with a multilateral organisation, people familiar with the development told ET.

The Economic Times Talk of the Tower: Airtel eyes Vodafone's 21.05% in Indus

Airtel is the biggest shareholder in Indus, with 47.95%; Vodafone Group has 21.05% and 30.97% is with the public, according to the tower company's latest filing with the BSE. A buyout of the Vodafone stake will boost Airtel's shareholding to 69%. Indus shares ended 2.9% higher at ₹359.65 on the BSE on Tuesday, giving it ₹96,923.41 crore market capitalisation.

The Economic Times Mukesh Ambani turns to 'Wyzr' to disrupt India's consumer electronics and home appliances market

The company intends to design and develop the products in-house as it pitches to establish a homegrown brand in a market dominated by foreign labels. It had previously launched private label brand Reconnect, with products built by third parties.

The Economic Times What’s wrong with Boeing?

In their insightful analysis, Vipul Arora, Partner at ESG Solutions, and Jayachandre Gowda, Associate Consultant in ESG and Climate Solutions, explore how even the most mature ESG strategy can backfire if not integrated correctly into the core of a business.

The Economic Times NCLT admits Indiabulls Housing Finance insolvency plea against Subhash Chandra

The bankruptcy court has admitted Indiabulls Housing Finance Ltd's (IHFL) application to initiate insolvency resolution proceedings against Essel Group chairman Subhash Chandra for default by a company called Vivek Infracon. Chandra was a personal guarantor against the loans availed by the company.

The Economic Times Macquarie to invest $1.5 billion in EV sector through Vertelo

Australia's Macquarie Asset Management plans to invest $1.5 billion in India's electric vehicle sector through its new platform Vertelo, offering fleet electrification solutions. The platform, backed by the Green Climate Fund, aims to reduce greenhouse gas emissions by 9.5 metric tonnes. Vertelo has already secured agreements with companies like Chalo Mobility, JBM, Eka Mobility, and Tata Motors to supply electric vehicles and develop charging infrastructure. Macquarie Group sees this investment as a step towards India's energy independence and combating climate change.

The Economic Times CMS Info Systems to enter gold logistics, loan collection services

CMS Info Systems plans to expand into gold logistics and retail loan repayments collection, having already piloted these ventures. With over Rs 2,000 crore revenue in fiscal 2023, CMS aims for incremental growth. The company sees potential in India's formalizing bullion sector and the evolving lending ecosystem. It has collaborated with major clients and institutions for its pilot programs. Confident in delivering revenue targets, CMS anticipates upper-half performance in its revenue target range of Rs 2,500-2,700 crore for fiscal 2025.

The Economic Times Startups raise $2 billion in Q4, 40% less than a year ago

Funding in Oct-Dec 2023 and July-Sept 2023 hovered around the $2 billion range.

The Economic Times Reverse migration has begun, says FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said reverse migration had started as a lot of people are coming back to establish business here. According to her, reverse migration has started in which a lot of people, who have a global footprint, are finding businesses, professions and careers to be built in India.