Future Retail is running out of time, as the Kishore Biyani-backed retailer has filed a Supreme Court petition seeking an extension on the January 29 deadline to repay lenders Rs 3,500 crore in debt installments. Future, India’s second-largest retailer, has been unable to execute a USD 3.4 billion retail asset transfer to a competitor since […]

Hero FinCorp (HFCL), a consumer banking company, plans to raise Rs 2,000 crore from current and previous investors for business reasons. This capital raise round will see Hero MotoCorp (HMCL) invest Rs 700 crore. The investment will be made in HFCL’s CCPS (compulsorily convertible preference shares). According to Hero’s exchange statement, HMCL owned 41.2 percent

Swiggy, a food delivery service, revealed on Monday that it had secured $700 million in a new investment round headed by Atlanta-based Invesco. Several new investors joined the round, including Baron Capital Group, Sumeru Venture, IIFL AMC Late Stage Tech Fund, Kotak, Axis Growth Avenues AIF- I, and others, according to the business. The Bengaluru-based

Indian nationals will soon receive chip-enabled e-passports that will allow them to pass past immigration checkpoints all around the world with ease. Sanjay Bhattacharya, the Secretary of the Ministry of External Affairs, confirmed the situation in a recent tweet. These e-passports, he claimed, will secure biometric data, be compliant with ICAO standards, and be created

The platform for logistics Delhivery has announced its investment in Falcon Autotech, a developer of logistics automation systems. However, the amount spent in Falcon Autotech by Delhivery has not been disclosed. Delhivery expects to collaborate with Falcon Autotech to build and deploy innovative automation solutions for transportation and warehousing operations as a result of this

Ducati, the Italian superbike manufacturer, announced on Monday that it will launch 11 new motorcycles in India this year. All-new models such as the Scrambler 800 Urban Motard, Multistrada V2, Multistrada V4 Pikes Peak, Streetfighter V4 SP, MY22 Panigale V4, and the X would be released. “We promised to debut 15 new models at the

On Monday, Bajaj Auto revealed its sales figures for the month of December. While commercial sales increased by 29% year over year, two-wheeler sales decreased by 6%, resulting in a 3% reduction in overall sales in December. In December, the business sold 1,27,593 two-wheelers in the United States, down 1% from the previous month’s total

The GST Council voted on Friday to postpone the rate hike on textiles from 5% to 12%, with the subject being revisited at the next meeting in February, according to Bikram Singh, Himachal Pradesh’s Industry Minister. The council was expected to put the raise on hold, according to early reports. The hike in the tax

At Delhi’s Vigyan Bhawan today, Union Finance Minister Nirmala Sitharaman presided over pre-Budget consultations with finance ministers from all states and union territories for the upcoming Union Budget 2022-23. Minister of State for Finance Dr. Bhagwat Karad, Department of Economic Affairs Secretary TV Somanathan, Department of Financial Services Secretary Debasish Panda, and other Finance Ministry