Page 1072 - Company News
CashKaro expects profitability in 2 yrs, user base to grow 100 mn in 3 yrs
CashKaro has thus far raised over Rs 255 crore from prominent investors like Kalaari Capital, Ratan Tata, Korea Investment Partners and Affle Global Pte Ltd
 "CashKaro expects profitability in 2 yrs, user base to grow 100 mn in 3 yrs")
Fortis Hospitals to sell Malar Hospital in Chennai for Rs 45.5 cr
The company has signed a definitive agreement for the sale of its business operations pertaining to Malar Hospital at Gandhi Nagar, Adyar, Chennai, to MGM Healthcare (MGM)
 "Fortis Hospitals to sell Malar Hospital in Chennai for Rs 45.5 cr")
Bikanervala ties up with Montana group to expand in domestic, intl markets
This collaboration marks a milestone for further expansion and aims to reach out to a broader audience, the company said in a statement
 "Bikanervala ties up with Montana group to expand in domestic, intl markets")
Ride-hailing firm Uber rolls out rewards for drivers to avoid cancellations
By rewarding drivers with good customer rating (above 4.8) and low trip cancellations, this program aims to elevate overall platform experience for riders and drivers alike
 "Ride-hailing firm Uber rolls out rewards for drivers to avoid cancellations")
Adani-Hindenburg case: There is no reason to discredit Sebi, says SC
Judgment reserved; Sebi says it won't seek more time for probe
 "Adani-Hindenburg case: There is no reason to discredit Sebi, says SC")
Retail, e-commerce likely to see fairly good year ahead: Snapdeal CEO
"We are seeing greenshoots come through even in the semi-urban areas and with the tailwind that we have, I think both retail and e-commerce should see a fairly good year in 2024," Chakrawarti said
 "Retail, e-commerce likely to see fairly good year ahead: Snapdeal CEO")
MAN Industries case: NFRA imposes 5-year ban on auditor for lapses
It also barred Chheda for five years from undertaking any audit in respect of financial statements or internal audit and activities of any company or corporate
 "MAN Industries case: NFRA imposes 5-year ban on auditor for lapses")
Lenders released 352 million pledged shares, says Jindal Stainless
Following this, there would not be any equity shares pledged with lenders and all equity shares of the company held by promoters and the promoter group will be free from any encumbrances
 "Lenders released 352 million pledged shares, says Jindal Stainless")
SJVN's Naitwar Mori hydro project's first unit starts commercial operations
It is a run of the river project located on river Tons, a major tributary of river Yamuna in Uttarkashi district in Uttarakhand with two generating units of 30 MW each
 "SJVN's Naitwar Mori hydro project's first unit starts commercial operations")
Grundfos rolls out iTruck Drive campaign under net zero horizon mission
The iTruck Drive initiative is expected to cover an additional 25 cities covering Gujarat, Maharashtra and Karnataka by the end of January 2024
 "Grundfos rolls out iTruck Drive campaign under net zero horizon mission")
Bandhan Bank approves re-appointment of Chandra Shekhar Ghosh as MD
The current tenure of Ghosh as the MD and CEO will expire on July 9, 2024
 "Bandhan Bank approves re-appointment of Chandra Shekhar Ghosh as MD")
IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh
The project involves paying upfront Rs 4,428 crore to NHAI for tolling and O&M of 316 km stretch of NH44 for a revenue-linked concession period of 20 years
 "IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh")
PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth
The fund will be raised in tranches over the next six months, it said
 "PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth")
Beverage giant Coca-Cola joins ONDC, launches marketplace Coke Shop
The initial association with ONDC is being supported through SellerApp, which will help the company leverage the ONDC network with its data-driven insights, market intelligence, and strategies
 "Beverage giant Coca-Cola joins ONDC, launches marketplace Coke Shop")
MakeMyTrip to collaborate with WEP for women entrepreneurs in North-East
WEP, incubated under Niti Aayog, has transitioned into a public-private partnership as a one-stop solution for information and services relevant to women entrepreneurs
 "MakeMyTrip to collaborate with WEP for women entrepreneurs in North-East")
RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, and IOB
The Reserve Bank on Friday imposed penalties totalling Rs 10.34 crore on Citibank, Bank of Baroda, and Indian Overseas Bank for contravention of various regulatory norms.
 "RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, and IOB")
Zen Technologies, govt of Goa sign MoU for setting up R&D facility in state
The new facility will be established at a cost of Rs 50 crore, and is expected to create employment opportunities for 800 individuals
 "Zen Technologies, govt of Goa sign MoU for setting up R&D facility in state")
BharatPe takes fresh legal action against co-founder Ashneer Grover: Report
The case is in addition to the earlier civil suit filed by Resilient Innovations against Ashneer Grover
 "BharatPe takes fresh legal action against co-founder Ashneer Grover: Report")
AmpIn Energy Transition plans Rs 3,100 cr investment in Eastern region
In Eastern region, the firm said it already has the largest solar open access portfolio of 200 MWp, the largest utility power purchase agreement with CESC for a 250 MWp of wind solar hybrid project
 "AmpIn Energy Transition plans Rs 3,100 cr investment in Eastern region")
Christmas Comes Early: Air India Express offering 30% discount on tickets
Last month, the airline announced that in the next one year, it is aiming to double its number of pilots
 "Christmas Comes Early: Air India Express offering 30% discount on tickets")