Author: NNI Editor

Sundaram Home Finance plans to double its disbursements in the Emerging Business segment, covering small shops and businesses and affordable housing, to more than ₹400 crore in a year.A press release from the company said the Emerging Business (EB) comprises of loans up to ₹20 lakh to small shops and businesses and affordable housing finance where the company provides loans of up to ₹35 lakh.With 40 branches in Tamil Nadu to cater to this segment, Sundaram Home Finance recently opened five branches in Andhra Pradesh and will venture into Telangana soon.D. Lakshminarayanan, Managing Director of Sundaram Home Finance said in…

Shareholders of Indian Renewable Energy Development Agency Ltd. (IREDA) have approved the company’s proposal to raise up to ₹5,000 crore through Qualified Institutions Placement (QIP) of equity shares, in one or multiple tranches. The approval was granted by the shareholders in favour of the resolution via remote e-voting during the 22nd Extra-Ordinary General Meeting (EGM) held on Tuesday through video conferencing. IREDA’s Board had earlier approved the fundraising plan on January 23, which includes the dilution of the Government of India’s shareholding in the company by up to 7% post-issue equity, in one or multiple tranches.Addressing the shareholders, Pradip Kumar Das, CMD,…

The board of directors of Tata Capital Ltd. at their meeting held on Tuesday approved a proposal by the company to raise ₹1,504 crore via rights issue of equity shares of face value of ₹10 each of the company to existing equity shareholders of the company. The record date is February 25.The board has also approved an Initial Public Offering (IPO) of the equity shares of the company with face value of ₹10 each with a fresh issue of up to 23 crore equity shares and an offer for sale of equity shares by certain existing and eligible shareholders of the company, subject…

Vedanta Group has firmed up plans to “invest ₹50,000 crore in Assam and Tripura’s oil and gas sector over the next 3-4 years”. | Photo Credit: Reuters Mining major Vedanta Group chairman Anil Agarwal on Tuesday (February 25, 2025) announced that the firm will pump in ₹50,000 crore in the oil and gas sector in Assam and Tripura over the next 3-4 years. Speaking at the inaugural function of the Advantage Assam investment summit here, he said group firm Cairn Oil & Gas has already invested around ₹2,500 crore in the two States of the northeast region. “Assam has abundant natural resources…

Generic injectable-focused Gland Pharma facility in Visakhapatnam has been issued three observations by the U.S. Food and Drug Administration (U.S. FDA). “The U.S. FDA conducted a pre-approval inspection (PAI) for sterile active pharmaceutical ingredients (APIs) at the company’s facility in JNPC, Visakhapatnam from February 19-25. The inspection concluded with three Form 483 observations,” Gland Pharma said in a filing on Tuesday. The observations are procedural in nature and the corrective and preventive actions will be submitted to the agency within the stipulated period. The observations issued are neither repeat observations nor related to data integrity, the company said. Published -…

Photo: Special Arrangement An active pharmaceutical ingredients (API) manufacturing facility of Dr. Reddy’s Laboratories in Hyderabad inspected last year by the United States Food and Drug Administration (U.S. FDA) has since been classified as Voluntary Action Indicated (VAI) by the agency. “The U.S. FDA has classified the inspection as VAI and concluded that the inspection is closed…,” the generic drugmaker on Tuesday (February 25, 2025) said in an update to the stock exchanges on the inspection of the API manufacturing facility (CTO-2) in Bollaram, Hyderabad.The U.S. FDA had conducted the GMP inspection from November 13-19 and issued a Form 483 with…

Tata Sons Chairman N. Chandrasekaran speaks during the Advantage Assam 2.0 Investment & Infrastructure Summit 2025, in Guwahati, on February 25, 2025. | Photo Credit: PTI Tata group chairman Natarajan Chandrasekaran on Tuesday (February 25, 2025) said the company will invest around ₹25,000 crore in a large electronics manufacturing unit in Assam over the next few years.He added that the company will collaborate with the State government in the green energy sector, focusing on solar rooftops and renewable energy generation.Speaking at the inauguration of the Advantage Assam business summit, Mr. Chandrasekaran said, “The Tata group has a long and significant…

After striking an $8.5-billion media merger with Walt Disney, billionaire Mukesh Ambani is targeting small businesses and promoting unconventional neuroscience studies to boost its revenues from the IPL, the world’s most valuable cricket league.The pricey broadcast rights for the Indian Premier League (IPL) and other cricketing events which cost Disney and Reliance nearly $10 billion in recent years, are set to weigh big on the merged group, which is India’s biggest entertainment giant.Battling competitors Netflix and Amazon in the $28-billion market, the Reliance-owned venture is holding a month of closed-door seminars in seven Indian cities to woo small companies to…

Order a Coke to wash down some hummus in the Israeli-occupied West Bank these days and chances are the waiter will shake his head disapprovingly — or worse, mutter “shame, shame” in Arabic — before suggesting the popular local alternative: a can of Chat Cola.Chat Cola — its red tin and sweeping white script bearing remarkable resemblance to the iconic American soft drink’s logo — has seen its products explode in popularity across the occupied West Bank in the past year as Palestinian consumers, angry at America’s steadfast support for Israel in its war against Hamas in Gaza, protest with…

Image used for representative purpose only | Photo Credit: V. Sudershan The rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the U.S. dollar on Tuesday (February 25, 2025) due to month-end dollar demand by importers amid uncertainty over U.S. trade tariffs.Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit, forex traders said.At the interbank foreign exchange, the rupee opened weak at 86.83 and kept losing ground through the day before settling at 87.23 (provisional), 51 paise lower than its previous close.The local unit had settled at 86.72…