Tag Archives: gets

Nirmala Sitharaman gets finance ministry, Amit Shah home as Modi 2.0 portfolios announced

Former Defence Minister Nirmala Sitharaman has been appointed as the new finance minister with former home minister Rajnath Singh getting the defence portfolio in Prime Minister Narendra Modi’s new Cabinet. Amit Shah will be the new home minister. Former foreign secretary S Jaishankar will helm the Ministry of External Affairs, a press statement from the Rashtrapati Bhavan said. Former textile ... Read More »

Veritas Finance gets ₹200 crore funding from Norwest, others

Private equity (PE) firm Norwest Venture Partners has led the latest round of investment of ₹200 crore into non-banking financial company (NBFC) Veritas Finance Pvt. Ltd. Existing investors of Veritas—CDC Group Plc, UK’s Development Finance Institution and P. Surendra Pai, an anchor investor—also participated in the Series D investment, Veritas said in a statement on Thursday. Veritas lends to micro, ... Read More »

AU Small Finance gets scheduled commercial bank status

AU Small Finance Bank has received Reserved Bank of India (RBI) approval to operate as Scheduled Commercial Bank. This bank’s name has now been included in the Second Schedule of Reserve Bank of India Act, 1934. Post acquiring scheduled commercial bank status, AU Small Finance Bank will be able to do borrowing and lending with RBI under Liquidity Adjustment Facility ... Read More »

Zydus Cadila Gets US Regulator’s Nod For Drug, Shares Jump 2%

New Delhi: Zydus Cadila has received approval from the US Food and Drug Administration (USFDA) to market aspirin and extended release dipyridamole capsules, used to prevent excessive blood clotting and reduce the risk of strokes. After the announcement, shares of the company’s listed entity Cadila Healthcare rose by over two per cent to Rs. 510 apiece on the Bombay Stock ... Read More »

Essel Finance gets SEBI nod for Peerless General Finance acquisition

MUMBAI, AUGUST 11:   Essel Finance Management LLP’s (EFM) subsidiary Essel Finance Wealthzone has received SEBI approval to acquire the entire shareholding of the Peerless General Finance and Investment Co. Ltd and others, in Peerless Funds Management Co. Ltd and Peerless Trust Management Co. Ltd. Essel Finance Management is the financial services arm of Subhash Chandra-promoted Essel Group. At present, EFM ... Read More »

Essel Finance gets SEBI nod for Peerless General Finance acquisition

Essel Finance Management LLP’s (EFM) subsidiary Essel Finance Wealthzone has received SEBI approval to acquire the entire shareholding of the Peerless General Finance and Investment Co. Ltd and others, in Peerless Funds Management Co. Ltd and Peerless Trust Management Co. Ltd. Essel Finance Management is the financial services arm of Subhash Chandra-promoted Essel Group. At present, EFM offers a range ... Read More »

A Facebook post proves nothing gets past Woolworths

A WOMAN who tried to outsmart Woolworths has been seriously burned by the supermarket giant online. She posted on the company’s Facebook page complaining about the state of some avocados she bought from a store in Double Bay. “I purchased these avocados from your store at Double Bay yesterday, upon making a sandwich today I came to find these avocados ... Read More »