car lease: Kia partners with Orix to introduce vehicle lease programme

Kia India on Friday said it has tied up with Orix auto infrastructure services to introduce a new ownership experience programme. The company has inked a Memorandum of Understanding (MoU) with Orix ‘Kia Lease’. The initiative aims to enhance brand accessibility and offer customers another option to own Kia without any maintenance, insurance, or resale … Read more

Ashdan, Yash Shares in a duel to acquire Rolta India

Mumbai: The race to buy the bankrupt defence-focused software company Rolta India has boiled down to a match-up between Pune-based real estate developer Ashdan Properties and Mumbai-based Yash Shares. The National Company Law Tribunal (NCLT) last week dismissed an objection raised by Ashdan to allow Yash’s competing bid. “Both bidders have now submitted revised bids … Read more

Maharajas’ Express to Palace on Wheels

Luxury trains in India date back to its colonial era, when opulent carriages transported dignitaries, officials and royalty. More trains were built in the 19th century for the country’s maharajas and other ruling elites and their families. Following India’s independence in 1947, privy purses — or governmental payments to these rulers — ended. Without the … Read more

icici bank and tata steel: ICICI Bank provides Rs 2,675-crore debt facility to Tata Steel for three years

Mumbai: ICICI Bank has provided a ₹2,675 crore debt facility to Tata Steel for a term of three years to repay its existing debt, said people aware of the development. Tata Steel has raised ₹2,700 crore through unsecured fixed-rate bonds at 7.79%, show documents filed with National Securities Depository Ltd. Tata Steel will make a … Read more

Alfa Laval raises delisting price to Rs 2,850 a share

MUMBAI: Alfa Laval (India), a subsidiary of Sweden-based Alfa Laval Corporate AB, today said its parent firm has raised the delisting offer price to Rs 2,850 a share. In a filing with the BSE, Alfa Laval India said its parent company increased the delisting offer price after “considering the prevailing market conditions and with a … Read more

Indian travelers are spending big but only 1% are going overseas

The world famous Gateway of India monument in Mumbai, India was built during the 20th century to commemorate the visit of king George V and Queen Mary. It is located on the waterfront of the Apollo Bunder area of south Mumbai and is the city’s top tourist attraction. Darren Robb | The Image Bank | … Read more