ifci

Happy Friday! Following up on a record $500 million in net sales in FY23, Boat is focussing on ramped-up software play and a robust offline presence to push up its revenue by 25% this year. More local procurement is also on the cards. This…

Silicon Valley Bank — a prominent, blue chip bank for US tech startups and investors — announced the issuance of shares to shore up its capital position. This was to offset $1.8-billion of losses from its investments. The news created panic…

A few years ago, Snap, the parent of photo-sharing app Snapchat, was said to be uninterested in India. Now, with US tech companies in turmoil, Snap is looking to drive up user engagement and advertising revenue by tying up with creators…

NEW DELHI: The fate of two government-controlled financial entities — IFCI and IIFCL— remains uncertain, with disinvestment of the former ruled out given the complexities, while the Centre is yet to decide on how to reposition the latter.…

PTI New Delhi, May 2The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan…

The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery pledged to get Rs 25…

Videocon's outstanding debt as on December 31, 2017 was Rs 27,423 crore. The oil business, housed under Videocon Oil Ventures, had a separate debt of Rs 23,120 crore. Photograph: Francis Mascarenhas/Reuters With the Adani and Jindal groups…

NEW DELHI: The government has decided to leave it on the new management of the development financial institution (DFI) to decide on a merger of India Infrastructure Finance Company (IIFCL) or other entities with itself. Officials told TOI…