* Power Finance Corporation received a no-objection letter from the Reserve Bank of India for setting up a finance company in the International Financial Services Centre in GIFT City, Gujarat.
* Mahindra and Mahindra will collaborate with a US-based automobile technology company, Mobile for software solutions and to explore building a full-stack autonomous driving system.
* Polycab India denied media reports of tax evasion and said that it has not received any communication from the income-tax department regarding the outcome of the search.
* Lupin: The pharma major received approval from the USFDA to launch Bromfenac Ophthalmic Solution, 0.07% in the United States.
* Shyam Metalics And Energy raised Rs 1,385 crore through qualified institutional placement at Rs 576 per share, which indicated a discount of 9.70% to the current market price.
* Steel Strips Wheels: The National Company Law Tribunal approved the acquisition of the AMW Autocomponent. The company has also invested Rs 138.15 crore into AMW Autocomponent through a mix of equity for Rs 5 crore and an inter-corporate loan of Rs 133.15 crore.
* The Railway Ministry nominated Sanjay Kumar Jain as the chief managing director of the IRCTC.
* Life Insurance Corporation has increased its stake to 5% from 4.8% in Navin Fluorine.
* KIOCL: The company’s operations at the Mangalore pellet plant were suspended due to the non-availability of iron-ore fines.
* Karnataka Bank: The private lender partnered with Digivriddhi to offer various financial services catering to the needs of dairy farmers and milk societies.
* Indian economy likely to grow at 6.2% next fiscal: Report.
* The Indian pharma market grows over 9 percent in December.
* Delta Corp Q3 Results: Net profit plunges 59% YoY to Rs 34 crore; revenue drops 15%.
* Bharat Forge to invest Rs 1,000 cr in Tamil Nadu to enhance production activities.
* Varthana Finance to raise Rs 116 crore from Swiss investor Blue Earth Capital.
* PFC gets Reserve Bank nod to set up finance company in GIFT City.
* EV sales jump 49 pc to 15.29 lakh units in 2023: FADA.
* JSW Steel's crude steel output grows 12 pc to 6.87 MT in October-December.
* Interviewing startup InCruiter raises Rs 1 crore in revenue-based financing.
* Grip Invest raises $10 million in equity and debt, led by Stride Ventures.
* States lag Centre in capex push so far in FY24: CAG-Bank of Baroda data.
* Backed by Jio Platforms, ZestMoney founders launch new venture SwiffyLabs.
* Microsoft's OpenAI investment risks merger probe, say EU regulators.
* Samsung's profit falls 35% on weak demand as chip weakness persists.
* EVRE aims to capture 35% of the commercial vehicle charging market by 2025.
* Infibeam Avenues inks MoU with Gujarat govt to invest Rs 2,000 cr by FY30.
* Starbucks plans to accelerate growth to 1,000 stores in India by 2028.
* Public issues of corporate bond zoom to a four-year high, shows data.
* Eyeing Rs 100 trn AUM, 100 mn investors by 2030 for mutual funds said Amfi CEO.
* Equity issuances could top $40 bn in 2024, says Kotak Investment Banking.
* PM Modi woos global corporate head honchos to invest in the India growth story.
* Premier Energies bags Rs 1700 crore solar module supply order from NTPC.
* Prestige Estates Q3FY24 sales at Rs 53,261 million, up 111% on-year, collections at Rs 31,163 million.
* Tata Power Renewable Energy plans to invest Rs 70,800 crore for renewable projects in Tamil Nadu.
* Adani Ports raises Rs 500 crore by issuing bonds.
* Housing demand in India is projected to reach 93 million by 2036, says CREDAI.
* China aims for a quality boost as its economy recovers.
* BCCI announces Campa and Atomberg Technologies as official partners for India.
* NCLT grants SBI, and PC Jeweller more time to settle debt.
* Moody's downgrades Vedanta as bond restructuring gets investor nod.
* Edelweiss announces public issue of redeemable NCDs worth ₹250 crore.
* Govt plans to harvest AI to stem onion rot in storage.
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