Page 1508 - Company News

Kishore Biyani withdraws resignation from FRL's suspended board as Chairman

Almost one and a half months after resigning from the suspended board of debt-ridden Future Retail Ltd, Kishore Biyani has withdrawn his resignation

Urban Ladder to double its retail store presence in India by March 2024

Furniture and home decor brand Urban Ladder, which on Wednesday opened its 50th store, said it plans to double this store count by March 2024.

Business isn't ringing for sub-Rs 10k smartphones as costs rise, 5G knocks

Inflation, higher component costs among reasons for decline of popular segment

ITC's diversification into non-cigarette biz shows critical mass in profits

But ITC's strong run currently is not restricted to a single segment - all businesses are on a high

New Jio family plan could delay postpaid tariff hikes: Kotak Inst Equities

Brokerage expects rivals to lower add-on connection fee and/or launch lower data allowance family packs at lower price points to retain their postpaid base; move could dilute ARPU by 1-3%

Google is not just dominant but 'super dominant', CCI tells NCLAT

Argues that competition law puts onus on Google not to abuse its dominant position and not allow its conduct to impair genuine undistorted competition

JSW Energy board approves allotment of 25,000 NCDs to raise Rs 250 cr

The Board of Directors on October 28, 2022, approved the NCD issue for the raising of funds up to Rs 2,500 crore by way of the private placement

Mindspace raises Rs 550 cr through green bond to finance projects

Issue had participation from leading insurers, mutual funds, other investors: Real estate firm

Companies must have audit trail of transactions from next financial year

Will also have to maintain edit log of changes made in books of accounts; experts say no firm will be able to delete an entry, will only be able rectify it

Deepak Mohanty new PFRDA chairperson, Mamta Shankar named whole-time member

Mohanty was whole-time member (economics) of PFRDA and retired in May 2022

RailYatri penalised for data leak, app restored after security measures

The government penalised the RailYatri app custodian company for a data leak and the app was restored after taking necessary security measures, Parliament was informed on Wednesday

Neelkanth Mishra resigns from Credit Suisse, to head research at Axis Bank

He is part of Indian Prime Minister Narendra Modi's Economic Advisory Council and head of research at Credit Suisse's local unit, according to the bank's website

Adani Transmission Ltd certified as single-use plastic-free company

The company has been certified for its successful voluntary implementation of single-use plastic-free measures within its 37 operational locations spread across 10 states of the country

SVB fall: Nazara Tech says Rs 60 cr successfully shifted to other accounts

Nazara Technologies on Wednesday said that out of Rs 64 crore held by its two step down subsidiaries in Silicon Valley Bank, Rs 60 crore has been successfully transferred

HDFC Bank, Flipkart Wholesale launch co-branded card for latter's members

The product will offer users 5% cashback on Flipkart Wholesale online spending. Members can apply for the card directly at Flipkart Wholesale stores and on its Best Price Flipkart Wholesale app

Credit Suisse leads Europe bank stock rout after short-lived SVB respite

A fresh 18% drop in embattled Swiss lender Credit Suisse led the wider European banking index lower

European bank stocks under pressure; Credit Suisse tumbles to a new low

Investors rushed back into safe-havens, with two-year German bond yields down 21 basis points at 2.71%

Indian startups able to withdraw up to $300mn from SVB: Report

The collapse of SVB in the US had left the Indian startup ecosystem worried. More than 1,000 Indian startups were likely to have exposure to the SVB

Hero Electric eyeing 1.7-2.5x volume growth in 2023, says MD Naveen Munjal

Asserts that the company is robust not to depend on govt subsidies for survival and growth

CCI approves acquisition of 100% equity share capital of L&T IDPL, KTL

At the end of the relevant concession period, typically the entire facilities are transferred to the concerned government authorities