Morgan Stanley-backed Centrum Housing Finance, an arm of the diversified Centrum Group, has paid Rs 112 crore for the Rs 300-crore-home loan portfolio of Chennai-based National Trust Housing Finance. Centrum Housing has entered into a binding agreement to acquire the housing finance business of National Trust Housing Finance, the CentrumRead More

Chicago-based Trading Technologies will double its manpower at resource centres in Pune and Ahmedabad, in India over the next 12 months and plans to set up a sales office in Mumbai in 2024, according to a top company official. “Today, we have some 45 people in Pune and Ahmedabad. WeRead More

Low-cost fashion brand H&M said Wednesday that it will be reducing its global workforce by around 1,500 positions as part of a plan to reduce costs and further improve efficiency. The Sweden-based company said a restructuring charge of 800 million kronor (76 million) will be booked in the last threeRead More

On Tuesday, both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX). Witnessing a marginal hike of Rs 596 or 0.96 per cent, silver futures, maturing on March 3, 2023, were retailing at Rs 62,736 per kg. Meanwhile, gold futures, maturing on February 3,Read More

MUMBAI: Bank credit growth improved to 17.2 per cent in the September quarter 2022 from 7 per cent in the year-ago period, reflecting pick-up in economic activities. “Credit growth remained broad-based: all population groups and bank groups recorded double digit annual growth,” the Reserve Bank said while releasing ‘Quarterly StatisticsRead More

The government has recently launched the Digital Banking Unit to strengthen India’s banking ecosystem. Let’s explore more about it. What’s happening? In the past few years, the government has taken steady steps towards digitalising various processes in India. Among many, digitalising banking transactions and making banking facilities available to everyRead More

Global investment group Prosus has put the fair value of its 9.67 per cent stake in BYJU’S at $578 million, which technically puts the current valuation of the edtech major at nearly $6 billion – last valued at $22 billion – but this is not the case as Prosus hasRead More

Arvind Agarwal has resigned as the chief financial officer of Nykaa’s parent FSN E-Commerce Ventures Ltd., amid a share slide triggered by the expiry of the anchor lock-in period. He is leaving the company to pursue other opportunities in the digital economy and startup space, Nykaa said in an exchangeRead More

Hindustan Unilever (HUL) moved higher by a percent in intraday trade on BSE on November 21 even as the market sentiment was weak. It closed with a gain of 0.72% at ₹2,501.15 on BSE. The stock witnessed gains after brokerages maintained their faith in the stock following the company’s businessRead More

Zomato Layoff: The food aggregator Zomato is another firm that has joined in the firing season affecting several people. Zomato on Saturday confirmed that the firm is laying off about 3 per cent of its workforce across different roles and functions. In this challenging macro environment, the food delivery companyRead More