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Optiemus Infracom to invest Rs 23.80 crores in JV Bharat Innovative Glass Technologies

India, Feb. 21 -- Optiemus Infracom has approved the acquisition of 2.38 crore equity shares of face value of Rs 10 each at an offer price of Rs 10 each amounting to an overall consideration of Rs 23.... Read More


Bajaj Auto approves investment of Euro 150 million in subsidiary in Netherlands

India, Feb. 21 -- The Board of Bajaj Auto at its meeting held on 21 February 2025 has approved to invest funds up to Euro 150 million in Bajaj Auto International Holdings BV, Netherlands, a wholly own... Read More


Arvind and Purfi Global LLC form JV - Purfi Arvind Manufacturing India

India, Feb. 21 -- Arvind and Purfi Global LLC have acquired initial equity stake of Rs.10 lakh in the joint venture company viz. Purfi Arvind Manufacturing India in the ratio of 10:90 respectively as ... Read More


Brigade Group to set up its second World Trade Center in Kerala

India, Feb. 21 -- Brigade Group to invest Rs 1,500 crore in Kerala with a potential employment for around 12,000 people over the next five years. Brigade Enterprises, the flagship Company of Brigade G... Read More


Lupin receives EIR for its Somerset facility

India, Feb. 21 -- Lupin announced that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (U.S. FDA) for its manufacturing facility in Somers... Read More


HPL Electric & Power and Wirepas launch Wirepas certified In-meter gateway for RF mesh

India, Feb. 21 -- HPL and Wirepas launch the market's first Wirepas certified In-meter gateway for RF mesh as part of complete end-to-end AMI Solution at Elecrama'25, reducingtotal cost of ownership &... Read More


India Ratings Downgrades Flex Foods's Bank Facilities to 'IND BB'/Stable

India, Feb. 21 -- India Ratings and Research (Ind-Ra) has downgraded Flex Foods Limited's (FFL) bank facilities to 'IND BB' from IND BB+. The Outlook is Stable. Published by HT Digital Content Servic... Read More


India Ratings Revises Outlook on Pioneer Jellice India's Bank Facilities to Negative and Migrates Ratings to Non-Cooperating Category

India, Feb. 21 -- India Ratings and Research (Ind-Ra) has revised the Outlook on Pioneer Jellice India Private Limited's (PJIPL) bank facilities to Negative from Stable and has simultaneously migrated... Read More


RBI retains Advisory Committee of Aviom India Housing Finance Private Limited

India, Feb. 21 -- It may be recalled that, in exercise of powers conferred under Section 45-IE (5) (a) of the RBI Act, 1934, the Reserve Bank had, on January 30, 2025, constituted a three-member Advis... Read More


RBI imposes monetary penalty on Citibank N.A.

India, Feb. 21 -- The Reserve Bank of India (RBI) has, by an order dated February 20, 2025, imposed a monetary penalty of Rs. 39.00 lakh (Rupees Thirty nine lakh only) on Citibank N.A. (the bank) for ... Read More