To oil its fast-paced expansion and the resultant expansion of its loan book, affordable segment-focused Shriram Housing Finance has secured an additional Rs 300 crore equity capital from the parent Shriram City Union Finance, taking its total equity capital to about Rs 1,100 crore.

The company has set a target of crossing Rs 5,600 crore of assets under management (AUM) target by March, as it had already crossed the Rs 4,000-crore mark in July and the new growth capital will help it expand the balance sheet faster.

Invesco said on Wednesday it facilitated talks between India's Reliance Industries and Zee Entertainment earlier this year on a possible merger, revealing for the first time that India's richest man, Mukesh Ambani, was interested in the television giant.

But the U.S. investment firm rejected allegations from Zee that it was using double standards in objecting to a merger of Zee and Sony Group's India unit with terms similar to those discussed with Reliance.

Fintech firm Biz2Credit plans to invest USD 100 million in India over the next 5 years on research and development as well as expanding operations.

The company is also planning to strengthen its technology team by adding over 150 new employees in 2021 across various positions, including entry, mid- and senior-level positions.

Bayer CropScience Ltd on Wednesday approved sale of its traded seeds business, along with property in Telangana, to Crystal Crop Protection Ltd for Rs 62 crore.

In a regulatory filing, the company said its board of directors has approved the sale of its traded seeds business related to cotton, millet, mustard and sorghum crops along with real estate property owned by the company at Patancheru, Telangana, to Crystal Crop Protection on a slump sale basis for a total consideration of Rs 62 crore.

IT company IBM on Wednesday said it is in talks with several states in India to expand its 'SkillsBuild' initiative.

The company has unveiled a global plan to provide 30 million people of all ages with new skills needed for the future jobs by 2030.

"Today, IBM commits to providing 30 million people with new skills by 2030.

Infosys on Wednesday said its Chief Operating Officer Pravin Rao will be retiring in the third quarter of the current fiscal and the company will announce a new corporate structure soon.

Infosys said it has a very strong set of leaders within the company and asserted that it does not foresee any challenges in the upcoming top level transition and succession of the role.

State-owned CIL arm Mahanadi Coalfields Ltd on Wednesday said it has further increased its business operations, with an average daily coal despatch crossing 5.1 lakh tonne in the current month, as it also keeps a close watch on the stock situation of dry fuel in thermal power plants in Odisha.

The statement comes at a time when various plants in the country are facing coal shortages.

A revamped Air India under the Tata Group will be a real challenge while new airline Akasa Air will be a far less competitive force for the next two-three years, IndiGo CEO Ronojoy Dutta said on Wednesday.

Akasa Air, which is backed by former IndiGo president Aditya Ghosh, ace investor Rakesh Jhunjhunwala and former Jet Airways CEO Vinay Dube, got the no-objection certificate (NOC) from the Ministry of Civil Aviation on Monday.

The government has withdrawn a travel advisory that added COVID-19 related additional checks and restrictions on those arriving from the UK after the British government ordered discontinuation of mandatory testing and quarantine norms for those vaccinated with Covishield travelling from India.

In an official memorandum issued on October 11, the health ministry said that based on the evolving scenario, it has been decided that the revised guidelines stand withdrawn and the earlier guidelines on international arrival issued on February 17 shall be applicable to all travellers arriving in India from the UK.

The Narcotics Control Bureau (NCB) has handed over copies of their reply to the lawyers concerned on bail applications of Aryan Khan and others in connection with drug seizure on a cruise ship off the Mumbai coast.

The NCB has opposed bail for each accused.

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