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PC Jeweller board approves issue of 5.17 cr shares to lenders for settling debt

PC Jeweller has opted for OTS (one-time settlement) for its outstanding dues with a consortium of banksNew Delhi: PC Jeweller Ltd.'s board has approved issuance of over 5.17 crore equity shares to a consortium of lenders, including SBI, to...

CBI books retail consumer durable chain Sargam Electronics in bank fraud case

The SBI, in its complaint, now part of the FIR, has alleged that the company and its directors shifted and sold the stock hypothecated to the SBI without informing the bank and proceeds were not deposited with the bankNew...

India Inc. welcomes move to demonetize Rs 500 and Rs 1,000 notes

India Inc. on Tuesday welcomed the Government's decision to demonetise the Rs 500 and Rs 1,000 notes from Tuesday midnight. This is a master stroke by the BJP government and a very bold move indeed. Even though this is not...

Snapdeal's Capital Assist Program to be managed by Freecharge

Snapdeal's merchant lending program Capital Assist will now be managed by Freecharge. According to a PTI report: Under the new arrangement, sellers on Snapdeal, Shopo and Freecharge will be able to access working capital in a time efficient and cost...

Now, you can shop from Flipkart with SBI EMIs

State Bank of India has tied up with online shopping major Flipkart to offer consumer durables purchase on EMIs to its account holders. According to a PTI report: Personal loan interest (14 per cent) will apply for the purchase. "This is...
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India’s retail supply doubles in Q1 2025 amid surging demand for fashion & entertainment

Mumbai, Hyderabad, and Delhi-NCR led the charge, together making up 62% of all retail space absorptionBengaluru: India's retail real...
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