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​Aditya Birla Capital is reportedly looking to buy out 51% stake that Reliance has in the joint venture with Nippon Life of Japan.

One of the people said while the CP Group is still in the fray, there are chances Reliance may be the only one to place the final bid, which will make it an exclusive offer. "With Reliance, the deal will be a cakewalk with no pressure from domestic retail lobbies and Reliance will absorb all employees," he said.

The manufacturer of the Pulsar and Platina motorcycles sold almost 1.2 million vehicles during the quarter, 23% more than the preceding quarter and 1% higher than a year earlier. Domestic sales almost doubled quarter-on-quarter to more than 694,000 units. Exports declined 21% sequentially to 581,000 units as the global economy faces headwinds.

To be sure, the MPC deliberated upon its policy approach before the publication of the September consumer inflation print, which climbed due to persistent increase in food prices through a period of extended monsoons.

Insurance regulator Irdai has imposed a Rs 3-crore penalty on Max Life for its share sale deal with Axis Bank, which the regulator said circumvented regulations on commission limits. The penalty is against three charges - misrepresentation to the regulator, higher-than-permitted compensation to the corporate agent, and not following fair market value in share transactions.

Insurance sector regulator Irdai has granted final approval to HDFC Life Insurance Company Ltd (HDFC Life) to merge Exide Life into the company. In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore in order to increase its presence in the south India market.

BHEL and CIL (Coal India Ltd) will jointly set up coal gasification based plants under the agreement. Apart from this, NLCIL will establish a lignite-based gasification pilot plant, it said.

Total income of the bank on the standalone basis during the July-September quarter of 2022-23, rose to Rs 4,630.30 crore from Rs 3,870.90 crore in the same period of 2021-22, Federal Bank said in a regulatory filing.

This was the highest-ever quarterly EBITDA reported by the two-wheeler major, it said in a release. Price hikes, better product mix, cost efficiency, and better foreign exchange realisation aided the strong operating performance.

Based out of New Delhi, the company has an online visa application centre in India and provides visa consultancy services for individuals, students and families, among others.