Market regulator Sebi said it is looking to allow government agencies to use commodity derivatives platform to administer the minimum support price (MSP) and launch new products such as indices, weather and freight derivatives soon.
A search panel entrusted with finding Rana Kapoor's successor to lead Yes Bank has shortlisted multiple names, including those serving a foreign as well as domestic lenders, two sources said.
Volkswagen (VOWG_p.DE) said it will spend 44 billion euros (39 billion pounds) on electric cars, digitalisation, autonomous driving and new mobility services by 2023 as part of a push by Europe’s largest carmaker to mass produce electric cars.
Mahindra & Mahindra Limited of the USD 20.7-billion Mahindra group launched its second off-road training academy here.
Private sector lender Kotak Mahindra Bank's market valuation surpassed that of Maruti Suzuki to enter the top 10 club by market capitalisation in the country.
Tata Investment Corporation said the board has approved buyback of up to 45 lakh shares aggregating a sum of Rs 450 crore.
Swiss food giant Nestle (NESN.S) will relocate the headquarters of coffee business Nespresso in 2021 from Lausanne to the group’s main campus in Vevey, 20 km (12 miles) away, to save money.
Banks should consider joint ventures in certain areas and products, not only mergers and acquisitions, to be competitive globally, Deutsche Bank’s (DBKGn.DE) CEO said.
Karnataka has warned National Mineral Development Corporation (NMDC) Ltd that it will cancel the lease of its Donimalai iron ore mine if the state-owned miner refuses to pay 80 percent premium on the sale of ore.