Journalism of Courage
COMPANIES NEWS - Page 63
40 years after its first 800, small cars still keep Maruti Suzuki on overdriveSubscriber Only
August 27, 2022 10:02 IST
Market surveys commissioned by a core group of bureaucrats and technocrats that the Centre had entrusted to evaluate international partnership options for the government auto company revealed that Indians wanted a low-cost and fuel-efficient car.
Debt-funded acquisitions can put pressure on Adani group ratings: S&P
August 25, 2022 17:26 IST
Starting out as a commodities trader in 1988, the Adani group has diversified from mines, ports and power plants into airports, data centres and defence.
Bharti Telecom to buy 3.33% Airtel stake from Singtel for Rs 12,895 crore
August 25, 2022 10:24 IST
Bharti Group chairman Sunil Bharti Mittal's family and Singtel own Bharti Telecom (BTL).
RBI lifts curbs on AmEx
August 25, 2022 09:09 IST
The central bank had put the curbs on American Express in May 2021 for not complying with a circular it had issued on storage of payments data in 2018.
Adani steps into NDTV with 29%, to launch open offer for 26% moreSubscriber Only
August 24, 2022 08:29 IST
In a notice to stock exchanges, NDTV said the acquisition was executed without any input from, conversation with, or consent of NDTV founders Prannoy Roy and Radhika Roy. The two continue to hold 32.26 per cent in NDTV.
Adani’s empire is ‘deeply overleveraged,’ Fitch Group unit warnsSubscriber Only
August 25, 2022 09:08 IST
The aggressive expansion pursued by the Adani Group, led by Asia’s richest person, has put pressure on its credit metrics and cash flow, CreditSights said in the report Tuesday, adding that “in the worst-case scenario” it may spiral into a debt trap and possibly a default.
No renewals or new patrons: Zomato takes Pro off menuSubscriber Only
August 22, 2022 19:33 IST
The Gurgaon-based company launched Zomato Pro in 2020 and Zomato Pro Plus in 2021. The Zomato Pro program replaced the Zomato Gold membership offering. Pro members get discounts while ordering food online from or dining out at partner restaurants.
Shareholders reappoint Sharma as Paytm MD
August 22, 2022 09:30 IST
Three proxy advisory firms — Stakeholders Empowerment Services (SES), Institutional Investor Advisory Services India (IiAS) and InGovern Research Services — had asked the shareholders to vote against Sharma’s reappointment.
PharmEasy parent co withdraws draft red herring prospectusSubscriber Only
August 22, 2022 09:30 IST
The notice by the company said that it would raise additional funds via a rights issues at an issue price of Rs 100 a share.
As chip shortage bites, companies cut down features to reduce delaySubscriber Only
August 22, 2022 09:30 IST
Automakers, for instance, are delivering new cars with just one key and a promise to provide the next one at a later date. Others are delivering cars with smaller display screens or without music systems. Despite these adjustments, waiting periods on several models are at a record high.
Adani to buy DB Power for Rs 7,017 crore
August 21, 2022 08:36 IST
DB Power, a Bhaskar Group-promoted company, owns and operates two thermal power plants with capacity of 600 MW each in Chhattisgarh.
Paytm’s billionaire CEO Vijay Shekhar Sharma faces biggest test since IPO dudSubscriber Only
August 19, 2022 15:26 IST
Vijay Shekhar Sharma’s role as the chief executive officer is among the items to be voted on at the company’s annual general meeting held virtually this afternoon.
Maruti Suzuki Alto K10 launched at Rs 3,90,000; 24.9 km/lt mileage claimed
August 18, 2022 16:18 IST
New Maruti Suzuki Alto K10 Launched in India.
‘No fuss, no follow up’: Bharti Airtel’s Sunil Mittal praises ease of doing business
August 18, 2022 14:02 IST
Sunil Mittal, Airtel 5G Spectrum Allocation Letter: In a statement, Mittal, the founder of one of India's oldest private telecom operators informed that Bharti Airtel received the spectrum allocation letter within a few hours of making an upfront payment to the Department of Telecom (DoT).
CCPA fines Flipkart for allowing sale of substandard domestic pressure cookers on its platform
August 17, 2022 14:29 IST
Speaking to PTI, CCPA Chief Commissioner Nidhi Khare said a penalty of Rs 1,00,000 has been imposed on Flipkart for allowing the sale of substandard pressure cookers on its e-commerce platform and violating the rights of consumers.
Ola Electric to enter EV car segment, eyes first model by 2024Subscriber Only
August 16, 2022 02:41 IST
Ola founder and CEO Bhavish Aggarwal’s fresh announcement comes at a time when the company is under fire for its scooters catching fire, numerous customer complaints, and late deliveries.
As Covid waned, 8 of top 10 firms hired over 3 lakhSubscriber Only
August 15, 2022 10:41 IST
Retail, software, banking sectors saw recruitment picking pace in 2021-22
Three proxy advisory firms red-flag PaytmSubscriber Only
August 15, 2022 06:28 IST
Paytm’s stock fell 4.82 per cent on Friday. InGovern is also opposing the reappointment of Sharma. “The main issue is that Sharma is not liable to retire by rotation as director...,” Shriram Subramanian, founder and MD, InGovern Research Services, said.
LIC Q1 net surges multi-fold to Rs 682.8 crore
August 15, 2022 06:28 IST
The total income stood at Rs 1.68 trillion as against Rs 1.54 trillion in the year-ago period, LIC said. Total income stood at Rs 2.11 trillion in March quarter.
Self-regulation: Divide among Big Tech firms on way forwardSubscriber Only
August 15, 2022 06:28 IST
Social media companies, along with industry body Internet and Mobile Association of India (IAMAI), are currently chalking up the contours of a self-regulatory mechanism
Adani Group to invest Rs 57,575 crore in Odisha for two projectsSubscriber Only
August 12, 2022 00:53 IST
The iron ore beneficiation plant will be located in Deojhar, in northern Odisha’s Keonjhar district, while the pellet plant is to be set up in Dhamra, in the adjoining Bhadrak district
Tata Power joins hands with JP Infra Mumbai to install residential EV charging points
August 10, 2022 18:19 IST
This initiative will enable end-to-end EV charging solutions for residents of Mumbai, ultimately resulting in sustainable mobility.
Microsoft onboards govt-backed Open Network of digital commerce
August 10, 2022 03:09 IST
Microsoft’s collaboration with ONDC is crucial as it widens the models available on the network, which is aimed at fostering equal opportunities for small, medium, and large buyers as well as sellers.
WhatsApp to roll out three new features to maintain user privacySubscriber Only
August 10, 2022 03:06 IST
The company said that the new privacy related features are being introduced on the basis of study done by it to understand the role of privacy when having meaningful conversations while messaging.
OYO acquires Denmark-based holiday home operator Bornholmske Feriehuse
August 9, 2022 17:00 IST
Based out of Bornholm island in Denmark, Bornholmske Feriehuse has 737 holiday homes spread over 30 holiday parks on its platform and expects to clock more than 2.5 lakh guest nights in 2022, OYO said in a statement.
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