IIHL receives Rs 50,000 cr financial offers from overseas lenders for Reliance Capital acquisition

Mumbai (IANS) The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which emerged the highest bidder for Reliance Capital in the recently concluded auction, is firmly in the driver's seat as the company has already received Rs 50,000…

Global markets turn cautious again amid concerns of banking crisis

New Delhi (IANS) Global economy was once again beginning to stare at the possibility of economic slowdown as fears re-emerged over the possibility of economic recession in the US owing to another banking crisis, a research note by Jahnavi Prabhakar,…

Remitted money for overseas acquisitions, cross-border transactions duly vetted: Byju Raveendran

New Delhi (IANS) Byju Raveendran, Founder and CEO of ed-tech major BYJU's, has written a letter to his employees, accessed by IANS, saying that in order to fund overseas acquisitions, the company has remitted "some of its funding" abroad, as it…

ED raids BYJU's; claims it remitted Rs 9754 cr to foreign jurisdictions

New Delhi (IANS) The Enforcement Directorate (ED) has conducted search and seizure operations at three premises of Raveendaran Byju and his company 'Think & Learn Private Limited' in Bengaluru under the provisions of Foreign Exchange Management…

India's foreign exchange reserves fall to $584.24 billion

New Delhi (IANS) India's foreign exchange reserves fell by $2.164 billion to $584.248 billion for the week ending April 21, according to data released by the Reserve Bank of India (RBI) on Friday.

In the previous reporting week, the overall…

Core industries index rises 3.6% in March

New Delhi (IANS) The combined index of eight core industries (ICI) increased by 3.6 per cent in March 2023 over the corresponding period of last year.

The production of coal, fertilisers, steel, natural gas and refinery products increased in…

Swiggy begins charging Rs 2 'platform fee' per food order from users

New Delhi (IANS) Online food delivery platform Swiggy has started charging all users a "platform fee" of Rs 2 per food order, irrespective of the cart value.

The company told IANS that the additional charges are being levied only on food orders…

Tech Mahindra posts lower net for FY23

Chennai (IANS) Information technology player Tech Mahindra Ltd closed FY23 with its net profit lower by about 13 per cent over FY22.

According to the company, for FY23, it had earned a revenue of Rs 53,290 crore (FY22 Rs 44,646 crore) and a…

Aadhaar authentication rose to 2.31 billion in March 2023: IT Ministry data

New Delhi (IANS) Aadhaar authentication transactions have climbed to 2.31 billion in March 2023, against 2.26 billion authentication transactions recorded in February 2023, according to IT Ministry data.

Also, Aadhaar-enabled e-KYC rose by…

Chennai-based edtech startup Skill-Lync lays off employees

New Delhi (IANS) Chennai-based edtech startup Skill-Lync has laid off employees as it consolidates operations across Chennai, Bengaluru and Hyderabad amid global macroeconomic conditions.

Launched in April 2015 by SuryaNarayanan P (CEO) and…