Company News

Zomato gets Rs 803.4 cr tax demand from authorities, plans to file appeal

The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing

HSBC, IFC launch $1 bn trade finance programme for emerging markets

Demand for trade finance far outpaces supply, especially in emerging markets, with the global trade finance gap last estimated at $2.5 trillion, according to a report from the Asian Development Bank

Snapmint raises $18 mn in debt & equity to expand merchant network

The new funds will be used to expand its partnership with more shopping portals, grow its merchant network, and expand its balance sheet

Sterlite Power raises Rs 725 crore to fuel GPS business expansion

Fund to fuel expansion plan of recently hived-off GPS business of company: MD Pratik Agarwal

Delhi High Court junks Rs 5,454 crore demand against Indus Towers

Allows input tax credit on inputs and input services used for setting up passive infrastructure

Uber launches women-only bike taxi service 'Moto Women' in Bengaluru

Rolled out first in Bengaluru, Uber has plans to scale it up in other top cities such as Delhi, Mumbai, Kolkata, Chennai, and Hyderabad

Tata Motors to hike commercial vehicle prices by up to 2% from January 2025

The company aims to offset these increased costs through the price adjustment. While the exact price increase will vary based on the specific model and variant

HDFC Bank discloses Sebi warning letter over regulatory non-compliance

Experts say an administrative warning is a less severe action than a fine. However, it serves as a formal notice of non-compliance

CDMO player OneSource expands GLP-1 drug-device capacity as demand soars

OneSource Specialty Pharma recently raised Rs 801 crore through equity issuance

Titan's Zoya plans 20 luxury jewellery stores in the next 3 to 4 years

Launched about 15 years ago, much of Zoya's expansion outside Mumbai and Delhi has occurred in the last three to four years. Around Covid-19 in 2020, it forayed into Bengaluru

Samsung accuses India watchdog of detaining employees, seizing data

3 Samsung employees were present in the vicinity of the search when the watchdog's officials detained them, seized their phones and copied all the confidential and privileged data, the company said

CPPIB, RMZ to invest $750 million in commercial project in Mumbai

The project may become one of Asia's largest office spaces

HC refuses to quash 14-yr-old adulteration case against Hindustan Coca-Cola

Criminal proceedings concerning 2001 allegations of adulterated beverages to move forward

NCLAT appoints NBCC as consultant to complete Supertech's housing projects

NBCC will complete 16 projects, comprising 49,748 houses in Uttar Pradesh, Uttarakhand, Haryana and Karnakata

PC Jeweller board approves issuing 51.7 mn shares to lenders to settle debt

In an investor presentation in late May, PC Jeweller mentioned that the withdrawal of the petition from the National Company Law Tribunal (NCLT) by SBI and favourable consideration of its OTS proposal

TransUnion CIBIL CEO Rajesh Kumar quits; Bhavesh Jain elevated as successor

The credit information company said it has elevated Chief Revenue Officer Bhavesh Jain to the position vacated by Kumar, who resigned citing personal reasons

Tech Mahindra, ServiceNow collaborate to offer Gen AI management solutions

Tech Mahindra on Thursday said it has collaborated with American software firm ServiceNow to launch the One E2E Platform, a GenAI-powered enterprise service management solution.

SBI adds to record samurai loan boom with $197 million debt facility

Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City

Sebi issues warning letter to HDFC Bank for regulatory non-compliance

HDFC Bank said that it will take necessary steps to address the concerns and directives mentioned in the letter

FirstClub raises $8mn in seed funding round from Accel and RTP Global

The company was founded by Ayyappan R, former senior VP at Flipkart, chief business officer at Myntra, and the erstwhile CEO of Cleartrip