Page 1392 - Company News
ZestMoney sets up new leadership team, a day after founders resign
ZestMoney's founders have resigned, several weeks after fintech giant PhonePe decided to halt its proposed acquisition of the buy now, pay later (BNPL) platform
 "ZestMoney sets up new leadership team, a day after founders resign")
Zomato inks partnership with ICICI Bank to launch its own UPI offering
Currently, Zomato UPI has been rolled out to select users only. Further expansion of the service will hinge on the initial customer response
 "Zomato inks partnership with ICICI Bank to launch its own UPI offering")
PVR-INOX plans to shut down around 50 cinema screens over next 6 months
These properties are loss-making, or housed in malls which have reached the end of their life cycle with little hope of any revival
 "PVR-INOX plans to shut down around 50 cinema screens over next 6 months")
Experion to invest Rs 50 cr in global expansion, hire 1,500 IT employees
Additionally, the company will invest in capacity building for engineering verticals comprising automotive and embedded systems, the statement said
 "Experion to invest Rs 50 cr in global expansion, hire 1,500 IT employees")
Bharti Airtel Q4 results: Net profit surges 50% to Rs 3,006 crore
Its revenue witnessed a 14.3 per cent YoY rise and reached Rs 36,009 crore in Q4FY23
 "Bharti Airtel Q4 results: Net profit surges 50% to Rs 3,006 crore")
Hike in Amazon seller fee likely to reduce discounts for customers
Other e-comm players such as Flipkart, JioMart, and BigBasket may follow suit
 "Hike in Amazon seller fee likely to reduce discounts for customers")
Ministry of corporate affairs notifies timelines for fast-track M&As
Experts however said that while the government move is a step in the right direction, on the ground the implementation would be hard
 "Ministry of corporate affairs notifies timelines for fast-track M&As")
Paytm appoints Bhavesh Gupta as president and chief operating officer
Bhavesh Gupta will continue reporting to Vijay Shekhar Sharma, managing director and chief executive officer of the company
 "Paytm appoints Bhavesh Gupta as president and chief operating officer")
India Inc offers higher stipends to apprentices, shows TeamLease report
TeamLease on Tuesday released its 'Stipend Primer Report' for FY22, which suggests that a 2% increase was witnessed in 2022 in average stipend payouts, as against the previous fiscal
 "India Inc offers higher stipends to apprentices, shows TeamLease report")
Air India Express hires 280 pilots, 250 crew in recent recruitment drive
Low-cost international carrier Air India Express on Tuesday said it has hired over 280 pilots and 250 cabin crew during a recent recruitment drive conducted across Delhi, Mumbai and Bangalore
 "Air India Express hires 280 pilots, 250 crew in recent recruitment drive")
Mondelez International names Samir Jain as president of India business
Jain joins Mondelez International from Bunge India, where he led the business as managing director for the last 10 years
 "Mondelez International names Samir Jain as president of India business")
A year after listing, LIC scorecard lacks lustre; new biz premium down 50%
Shares of the insurance behemoth are down 40 per cent over their issue price of Rs 949 to Rs 567 apiece
 "A year after listing, LIC scorecard lacks lustre; new biz premium down 50%")
HAML invites global tenders for EPC contractor for Hyderabad Airport Metro
Global tenders have been invited for selection of the Engineering, Procurement and Construction (EPC) contractor for the Hyderabad Airport Metro project
 "HAML invites global tenders for EPC contractor for Hyderabad Airport Metro")
Bombay Burmah Trading Corp's Go First exposure falls to Rs 65 crore
Bombay Burmah will also make a claim with the resolution professional appointed by the National Company Law Tribunal. If the airline restarts early, the losses of the banks would reduce, say corporate
 "Bombay Burmah Trading Corp's Go First exposure falls to Rs 65 crore")
Will India be an all-electric or a hybrid market for Toyota Motor?
Green mobility drives Toyota's India plans: With 10 pure electric cars planned by 2026 in its global portfolio, the world's largest car maker hopes to move beyond its SUV mainstays in the country
 "Will India be an all-electric or a hybrid market for Toyota Motor?")
LIC's new business premium drops 50% to Rs 5,810.1 crore in April
LIC's group single premium declined 65.76% to Rs 2899.63 crore in April while individual single premium dropped by 23.07% to 1014.47 crore
 "LIC's new business premium drops 50% to Rs 5,810.1 crore in April")
Audi's ex-chief pleads guilty in automaker's diesel emissions scandal
The scandal cost Volkswagen more than $30 billion in fines and settlements and saw two U.S. executives sent to prison
 "Audi's ex-chief pleads guilty in automaker's diesel emissions scandal")
Murugappa's Coromandel International plans Rs 2K cr investment by 2025
Murugappa Group firm says government's 'One Nation, One Fertiliser' scheme has no impact on its business
 "Murugappa's Coromandel International plans Rs 2K cr investment by 2025")
IHCL partners Chalet Airport Hotel to open 400-key Taj at IGI Airport's T3
Indian Hotels Company Ltd (IHCL) announced the signing of a 400-key Taj branded hotel at Indira Gandhi International Airport's Terminal 3 in New Delhi in partnership with Chalet Airport Hotel.
 "IHCL partners Chalet Airport Hotel to open 400-key Taj at IGI Airport's T3")
NCLAT closes Insolvency case against Marvel Realtors & Developers
NCLAT has closed Corporate Insolvency Resolution Process against Marvel Realtors & Developers Ltd after taking on record settlement with its financial creditor
 "NCLAT closes Insolvency case against Marvel Realtors & Developers")