Category: Finance

The board of Allcargo Logistics limited has approved the plan to acquire 38.87% stake from its partners at an enterprise value of Rs. 373 crores. With the acquisition, Allcargo Logistics will take its stake to 100% in the contract logistics business. The acquisition reflects the group’s vision for robust growth by creating an effective synergy […]

Construction Partners Inc ROAD said Greg Hoffman will succeed Alan Palmer as Chief Financial Officer, effective following the close of business on March 31, 2023. Palmer will continue with the company in an advisory and mentoring role.  “Thanks in part to Alan’s efforts, we have the financial flexibility to continue to pursue our strategic […]

The Finance Committee of the Board of Directors of Chalet Hotels Limited at its meeting held today i.e. on March 06, 2023 has considered and approved the offer of Secured, Unlisted, Non-Cumulative, Redeemable and Non-Convertible Debentures (non-rated) upto an amount of Rs.100 crore to ‘International Finance Corporation’ on a Private Placement basis. Shares of Chalet […]

Embattled crypto lending firm Babel Finance envisions a restructuring effort centered around a new stable asset project called Babel Recovery Coin. Babel’s co-founder and sole director Yang Zhou is pinning hopes on a new stablecoin. The firm halted withdrawals in June 2022 following similar action by Celsius. Brief Timeline of Events Zhou is planning to […]

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Kolkata: Jana Small Finance Bank, one of the leading small finance banks in India, is celebrating its fifth anniversary this year on March 28. Over the past five years, the bank has been dedicated to serving underserved segments of society by providing them with a broad range of financial services. In celebration of this milestone, […]

Power Finance Corporation Ltd is quoting at Rs 160.7, up 3.58% on the day as on 12:44 IST on the NSE. The stock is up 51.6% in last one year as compared to a 11.97% spurt in NIFTY and a 19.5% spurt in the Nifty Energy. Power Finance Corporation Ltd is up for a fifth […]

The smartphone manufacturer eyes to fully explore the potential of MIUI with the global tech industry, especially with developers, content providers, game partners, and marketers. BARCELONA, Spain, March 6, 2023 /PRNewswire/ — Xiaomi’s International Internet Business Department (IIB), the global internet business arm of the Chinese consumer electronics manufacturer, wrapped up their showing at the Mobile […]

Ubisoft is ongoing a “strategic reorganisation” across some of its “European business subsidiaries,” the firm said following rumours of office closures. As reported by NME, a Resetera user shared on Friday what they claimed to be an internal Ubisoft email, indicating that “Ubisoft Benelux” will reportedly be closing down on April 1, 2023. […]

Kingswood, the consolidator and wealth management group, has confirmed discussions have taken place linked to a potential sale of its UK operations. The business, which has both UK and US arms, said it had hired Houlihan Lokey as its financial adviser and that discussions had taken place with regard to its strategic options, “including, but […]