Page 1686 - Company News

Ashneer Grover saga: A timeline of how things went wrong at BharatPe

BharatPe has filed a case against Ashneer Grover's wife, Madhuri Jain, under Section 420 for a fraud of Rs 88 crore

BharatPe sues Ashneer Grover and wife, seeks Rs 88 cr for swindling firm

Fintech platform BharatPe said it has initiated criminal and civil proceedings against its former Co-Founder, Ashneer Grover and his wife Madhuri Jain Grover over misappropriation of company funds

Centre seeks private sector professional to be first chief executive of LIC

LIC is now headed by a chairman but that post will be scrapped when the term of the present incumbent ends in March

Macrotech Developers' promoters plan to raise Rs 3,500 crore via share sale

Realty firm Macrotech Developers' promoters plan to raise about Rs 3,500 crore by selling shares to institutional investors, according to sources

Power giant NTPC plans nuclear expansion as India chases climate goals

The state-run company aims to install 20 to 30 gigawatts of nuclear capacity by 2040

LIC may turn into composite insurer; likely to merge 4 PSU general firms

With the Central government proposing to allow composite insurers, the four public sector general insurance companies can be merged with the Life Insurance Corporation of India

Swiggy to give pink slips to over 250 employees in December: Report

Widening losses: In November, Swiggy decided to shut down its cloud kitchen brand, The Bowl Company, in Delhi and the national capital region (NCR)

Xiaomi India's Chief Business Officer Raghu Reddy resigns: Report

Reddy, who spent more than six years at Xiaomi India, was elevated as Chief Business Officer for its India operations in February 2020

Sebi issues Rs 6.42 cr demand notice to Sahara group in OFCD issuance case

Sebi on Wednesday sent a notice to Sahara Group firm, its chief Subrata Roy and others asking them to pay Rs 6.42 crore within 15 days in a case pertaining to flouting regulatory norms

NARC's offer for Srei companies not to be backed by govt guarantees

The NARC has offered an upfront cash payment of Rs 2,100 crore and Rs 3,500 crore payable in deferred instruments

Vedantu gives pink slips to 385 employees in 3rd round of layoffs this year

It has sacked over 1,100 employees, so far, amid funding winter

Fullerton acquisition deal: Sumitomo Mitsui Group faces $670-mn tax bill

The South Asian govt's tax department has asked the bank to pay the amount on behalf of seller Fullerton Financial Holdings Pte, arguing that it should have withheld the sum during the acquisition

Govt open to a comprehensive package for Vodafone Idea, with conditions

It wants promoters to pitch in first or bring new investors

Google says not allowing ads promoting online gambling in India

After the Centre directed Google to stop showing betting companies ads for Indian users, the tech giant on Wednesday said it does not allow any advertisements that promote online gambling

NIIF to make investment of Rs 631 crore in GMR Group's Mopa airport in Goa

The investment will be made via compulsory convertible debentures in GMR Goa International Airport, the special purpose vehicle (SPV), which will operate the new airport in Goa

Nalwa Steel & Power, two others submit resolution plans for McNally Bharat

The three are among 17 entities to have shown interest in the Khaitan-owned Williamson Magor group firm, which is said to owe over Rs 3,700 cr various creditors

Abrdn stake sale to boost passive flows in HDFC AMC, say analysts

Deal could add to asset manager's investability weight in MSCI and FTSE indices, lead to higher foreign inclusion factor, they say

RBI rate hike may halt rally in BFSI sector, pressure on bank NIMs seen

Broader markets, especially automobile stocks, may also react negatively going ahead

Dabur India enters women's personal hygiene with sanitary napkin launch

Product will only be sold online, comes in two variants

Aparajitha eyes new deals after 76% stake buy in Quess Corp arm Simpliance

The firm aims to become the top player in India' compliance segment; currently has 1,700 employees and over 1,750 clients across 25 states