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REC, PNB tie up for lending up to ₹55,000 crore to power, infra projects REC is looking at expanding its loan portfolio for green projects to ₹3 trillion by 2030. The company had raised $1.15 billion in April

No salary for Mukesh Ambani's children, only fee for attending board meets, says RIL resolution The resolution was moved to seek nod from the shareholders for the appointment of Ambani's three children - Isha, Akash and Anant - to the company's board of directors.

Religare to be run by independent board: Mohit Burman Burman said his family, which has made various financial investments, will set up an independent board and management for Religare after completing the acquisition.

Aditya Birla Finance to raise ₹2,000 crore via maiden NCD public issue Aditya Birla Finance plans to raise ₹2,000 crore through its maiden public issue of non-convertible debentures.

Emcure Pharma plans to launch $400-500 million IPO in 2024, hires Kotak, Jefferies for it The development revives the listing plans for the pharmaceutical company which it shelved as the Russia's invasion of Ukraine disrupted global markets

JPMorgan M&A Head sees nearly $150 billion funds focused on India: Report Investors have $2tn available to invest, with $100bn to $150bn focused on India, according to JPMorgan's Anu Aiyengar.

EV boom triggers battle for talent in automotive sector Industry executives said that companies are trying to attract and retain professionals skilled in battery management systems, fuel cells and core engineering with pay hikes, retention bonuses and counter-offers

‘India developers exceptional, but talent shortage issue is structural’ In an interview, Mike Hanley, chief security officer and senior vice-president of engineering at GitHub, spoke about how the shortage of cybersecurity talent remains acute in India and globally, and what the platform is...

Trifecta Capital raises 3rd venture debt fund Trifecta Capital closes third debt fund at ₹1,777 crore ($213 million), oversubscribed and surpassing initial target.

‘Mazars to step up head count by 3-fold’ Audit and consultancy firm Mazars plans to increase its headcount in India from 1,300 to over 5,000 professionals within five years.

JSW Infra raises ₹1,260 crore through anchor investors The company will be offering a fresh issue of equity shares as there will be no dilution of the promoter’s existing equity

Apple plans to scale up production by 5 times in India to $40 billion in next 5 years: Report According to the report, the firm has crossed the $7 billion production mark in the last financial year.

Rishad is chair, I’m CEO, AZIM premji is a shareholder: Thierry Delaporte Wipro is in the middle of a ‘tough transformation’ and Thierry Delaporte, the company’s chief executive, says he has Rishad’s support

Celebi India mulls to invest around $80 million in next four years: Murali Ramachandran Celebi Aviation Holdings, ground handling services and cargo operation provider, has said the company mulls to invest around $80 million in India in the next four years as it eyes more airports besides...

Jatin Dalal likely to be new Cognizant CFO Cognizant has struggled to keep pace with peers over the last few years and Kumar was hired from rival firm Infosys Ltd in January this year to steady the ship.

‘There’s opportunity for strong earnings growth for many years’ In an interview, Nirav Sheth, chief executive officer, institutional equities at Emkay Global Financial Services, says he is positive about most sectors including banks, but with varying levels of confidence.

Akasa Air plans to raise up to $400 mn Jhunjhunwala family may not buy more shares, diluting stake

‘Wipro to rebound as market recovers; top exits no worry’ The statement from Thierry Delaporte, who took over as Wipro boss in July 2020, comes at a time when at least half a dozen brokerages expect Wipro’s full-year revenue to decline this fiscal

ICICI Lombard appoints Sanjeev Mantri as MD and CEO Sanjeev Mantri appointed as Managing Director & CEO of ICICI Lombard from Dec 1, 2023, for 5 years or until retirement.

Vietjet expands India services with Tiruchirappalli-Ho Chi Minh City route set for November Vietnam's Vietjet plans to introduce a new route between Tiruchirappalli in India and Ho Chi Minh City in November to meet increasing demand from Indian tourists. The airline already operates 32...