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The Civil Aviation Ministry said on Monday that airlines are not allowed to serve meals on flights that have a duration of less than two hours in the wake of a spike in coronavirus cases in India.The ban will come into effect from April 15, the ministry s
Explore Now NEW DELHI: The Competition Commission of India (CCI) on Monday approved acquisition of majority shareholding in Magma Fincorp Ltd by Adar Poonawalla-controlled Rising Sun Holdings and two other individuals. The two individuals -- Sanjay Chamria and Mayank Poddar -- are existing promoters of Magma Fincorp. According to a combination notice filed with the regulator, the transaction involves acquisition of 60 per cent stake by Rising Sun Holdings and 4.68 per cent shareholding by the two promoters by way of preferential allotment of equity shares. The proposed combination will "enabl...
The Competition Commission of India (CCI) has approved the acquisition of shareholding in Mumbai-based non-banking finance company Magma Fincorp Limited by Rising Sun Holdings Private Limited and Sanj
Poonawallas, ICICI Venture, others back Magma HDI Top Searches Poonawallas, ICICI Venture, others back Magma HDI TNN / Updated: Mar 17, 2021, 10:58 IST FacebookTwitterLinkedinEMail Adar Poonawalla, CEO, Serum Institute of India (File photo) MUMBAI: The Poonawallas of the Serum Institute, together with ICICI Venture and Morgan Stanley PE Asia, have invested Rs 525 crore in Magma HDI General Insurance — part of the Magma Group, which was acquired by the vaccine maker last month. “I see huge potential in the growth of Magma HDI, which is a young and fast-growing company. We are confident th...
Nifty, Sensex reverses gains as the US premarket futures fall – Weekly closing report Moneylife Digital Team 0 We had mentioned in last week’s closing report that Nifty, Sensex will follow global cues on tech stocks. The major indices rallied this week but faced a correction on Friday ending the week with minor gains over previous Friday’s close. On Monday, the indices opened higher but lost all gains and ended flat. On the NSE, there were 1,175 advances, 728 declines and 85 unchanged. Muthoot Group Chairman MG George Muthoot was admitted to a hospital after falling from ...