Page 1661 - Company News

PayU gives pink slip to 150 employees, no plans of 'major downsizing'

The layoffs were undertaken to realign the teams locally

Flexible workspace provider WeWork India raises Rs 550 cr from BPEA Credit

The company said it will use fresh funds for future growth and potential consolidation opportunities

Money View raises $75 mn in Series E by Apis Partners, valued at $900 mn

Founded in 2014, Money View provides personalised credit products and personal financial management solutions

Godrej Properties buys 62-acre land in Kurukshetra for residential plots

"Haryana has been a key market for us and we look forward to further strengthen our presence in Haryana with this project," said MD & CEO Designate

Fund mobilisation through equity, debt routes down 20% to Rs 11 trn in 2022

2022 has seen a slowdown in capital raising owing to elevated volatility provoked by unprecedented inflation globally and the Russia-Ukraine war

20 yrs of Delhi Metro: How it transformed the city's landscape

Delhi Metro has contributed a lot to the national capital's economy, and by extension to that of the whole country. Last week, it celebrated 20th anniversary. Let's trace its transformative journey

Advent International to acquire 50.1% stake in Suven Pharma, explore merger

As of last close, Suven had a market capitalization of 126 billion Indian rupees

Top headlines: Telcos get green signal, states start mock drills, and more

Business Standard brings you the top headlines at this hour

Hind Zinc prepares Rs 10,000-cr blueprint for green energy, diversification

Company working on decarbonising operations; to set up fertiliser plant in the next two years, says CEO

ONGC board rejig: Two director posts set to be merged

Sources say the idea behind the board revamp is to bring greater synergies in operations

From deals and innovations to mass layoffs, 2022 was marked by contrasts

For flyers, this was a turbulent year, with many airlines facing technical snags - from bird hits to smoke inside the plane

India-focused funds sitting on highest-ever unallocated corpus of $12.9 bn

But does this mean that 2023 could be different, given the unutilised capital?

Telecom firms get green signal for towers, services on railway land

The move is likely to give 5G network a boost

Maruti Suzuki expects sales of vehicles with auto gear to rise in 2023

With increasing congestion across cities in India, Maruti Suzuki India expects sales of its vehicles with auto gear shift to pick up further next year, according to company Senior Executive Officer

India needs corporate mandate on R&D: Zoho CEO Sridhar Vembu

India requires a corporate mandate on Research & Development similar to CSR to promote a technology innovation culture, Zoho Corporation's founder Sridhar Vembu said.

Wadia Group to invest Rs 510 cr in Go First to meet working capital needs

Funds raised will meet working capital needs of IPO-bound airline

Jubilant still upper crust even as near-term margins slice up stock

Aggressive store expansion, new menu choices ought to boost growth for QSR

Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops

Tata Power's gross debt marginally rose to Rs 49,535 crore as of September this year, from Rs 47,590 crore as of March

Indian startups witness 38% decline in total funding in 2022: Reports

India added fewer unicorns this year, as the number of companies that gained billion-dollar valuations fell by half from a year earlier

NCLAT sets aside CCI order on DLF, remanded back directing to examine

The NCLAT has set aside an order passed by fair trade regulator Competition Commission of India (CCI) with respect to DLF and directed it to examine the matter