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  • 15-Jun-2019
  • ZestMoney offers first-of-its-kind EMI insurance

    India's largest and fastest growing consumer lending technology company, ZestMoney, today announced a partnership with Digit Insurance to offer EMI insurance to the company's five million customers.

    The partnership integrates the digital capability of ZestMoney to provide EMI for everyone and insurance by Digit to relieve its customers of debt in case of unforeseen circumstances.

    This policy will cover EMI cost in the event of hospitalization, death or permanent disability. The insurance product is specifically designed for ZestMoney's customers which can be availed while applying for a loan on the digital platform.

  • 12-Jun-2019
  • India's TCS Now Has Higher Market Value Than IBM at $120.5 bn

    India’s largest software services company Tata Consultancy Services (TCS) has surpassed US technology giant IBM in terms of market capitalisation. As of recent closing, the market cap of TCS stood at Rs8.37 lakh crore ($120.5 billion) compared to IBM’s $119.5 billion. TCS reported revenue of $20.9 billion in the previous fiscal while IBM ended 2018 with $79.6 billion in revenue.

  • 11-Jun-2019
  • Aditya Birla Fashion and Retail (ABFRL) acquires Jaypore

    Aditya Birla Fashion and Retail Ltd (ABFRL), which retails brands such as Louis Philippe, Peter England and Van Heusen, has acquired ethnic apparel and lifestyle retailer Jaypore for ?110 crore, the company said in a filing to the stock exchange on Monday.

    The deal will help ABFRL that also retails men and women’s western wear to tap into the fast-growing ethnic apparel market.

  • AFD a French development agency to finance upto 7,00,000 EURO to IRSDC

    Indian Railway Station Development Corporation (IRSDC) entered a Tripartite Agreement with French Railways (SNCF) & AFD, a French Agency which will finance up to 7,00,000 EURO, through French National Railways (SNCF)-Hubs and Connexions as a Technical Partner to IRSDC to support the Railway Station Development Program in India, so there will be no financial liability on IRSDC or Indian Railways.

  • Amazon dethrones Google as top global brand: 100 Top BrandZ report

    According to global market research agency Kantar in its 2019’s ‘100 Top BrandZ Report’, US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world’s most valuable brand.

    The brand value of Amazon surged by 52 percent to $315 billion, hence jumping from third to first place to replace Google.

  • 05-Jun-2019
  • JLR Inks Pact With BMW To Develop Next-Gen Electric Vehicles

    Tata Motors-owned Jaguar Land Rover has joined hands with BMW to develop next-generation electric drive systems. The collaboration seeks to advance the development of electrification technology to support transition autonomous, connected, electric, shared (ACES) future, Jaguar Land Rover.

    The two partners will invest jointly in research and development, engineering and procurement with an aim to provide the necessary economies of scale to support increased consumer adoption of electric vehicles.

  • 03-Jun-2019
  • ONGC topples IOC to regain most profitable public sector company

    ONGC, India's top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country's most profitable public sector company.

    According to earnings statements of the listed companies, Oil and Natural Gas Corp (ONGC) reported a 34 percent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

  • 27-May-2019
  • High-level committee recommends strategy to reduce crude oil imports

    A high level committee (HLC) of companies has recommended strategies to reduce import dependency. The committee was formed to discuss research-related synergies and tax issues for state-run oil companies.

    The committee also explored the possibility of forming a new entity for oil services and related manpower. “It also explored the need and possibility of formation of new entity dealing with oil services and supply of qualified manpower to oil and gas sector around the world,” the ministry said in its statement.

  • 23-May-2019
  • HDFC Group Overtakes Tata Group As India’s Most Valuable

    The HDFC Group has emerged as the country’s most valuable by way of market capitalization (m-cap), displacing the Tata Group that has interest in businesses as diverse as software, table salt, steelmaking and automobiles.

  • Shyam Saran To Be Conferred With Japan's 'Order of the Rising Sun' Award

    Former foreign secretary Shyam Saran will be conferred with Japan's second highest national award for his contributions to strengthen the strategic ties and enhancing mutual understanding between India and Japan.

    The Government of Japan on Tuesday announced that in its 2019 Spring Imperial Decorations, it will confer 72-year-old Saran, 'the Order of the Rising Sun, Gold and Silver Star'.

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