Page 1699 - Company News

PhonePe set to acquire fintech start-up ZestMoney for about $300 mn

Deal expected to be closed in two-four weeks, says source

HDFC Bank awaiting RBI reply on subsidiary stake forbearance: Parekh

According to HDFC's latest annual report, the mortgage lender has over 10 subsidiaries, including HDFC Life Insurance, HDFC Ergo General Insurance, and HDFC Asset Management

Zomato now in Hindi, does 150,000 orders a month on regional language apps

Hindi, Tamil account for lions share of orders, at 54% and 11% respectively

Adani to raise $2.45 billion in India's biggest follow-on share sale

The share offering would increase the company's public float from the current 27.4% level. Rival Reliance Industries' public float stands at around 49%

Castrol to pick up 7.09% stake in TVS family's Ki Mobility for Rs 488 cr

With this deal, which is Castrol's largest all-cash transaction, the firm aims to expand its presence in service and maintenance of ICE vehicles and EVs

Walton Street invests Rs 165 cr in Sowparnika Homes' Bengaluru projects

Sowparnika caters to the middle-income/affordable segment with an average ticket size of Rs 50 lakh in a project close to key employment centres and IT Hubs

Nykaa records 12 times jump in revenue on Day 1 of Pink Friday sale

The company said that it recorded over 400 orders per minute on the first day of the sale which started on November 21

Castrol India to acquire 7.09% stake in TVS Automobile Solutions' arm

Besides, the partnership will also offer potential for Castrol and KMS to collaborate and partner in select markets beyond India, it stated

Adani Enterprises to raise Rs 20,000 crore through follow-on public offer

The face value of each Adani Enterprises share would be Rs 1 each and the approval of the shareholders would be taken via postal ballot

Union labour ministry summons Amazon India over recent layoffs by company

The Union Labour Ministry has summoned Amazon India to appear before the deputy chief labour commissioner in Bengaluru in connection with the alleged forced terminations by the company

Trident Realty to invest Rs 3,000 cr over 7-8 years in Panchkula project

The company will use the investment in its recently launched luxury residential project, Trident Hills, an integrated luxury township in Panchkula, to develop the new project

OTT discussions on draft telecom bill to hamper Indian startups: IAMAI

The IAMAI, in its letter to the Department of Communication (DoT), has expressed grave concern about the impact of these changes on India's startup ecosystem and the digital economy

PVR Cinemas opens first ever IMAX superplex at Lulu Mall in Kerala

Explaining expansions plans in south India, Joint MD of PVR Ltd, Sanjeev Kumar Bijli said by next year, total 31 screens will be opened in Bengaluru while 5 more screens will be launched in Chennai

Apple makes about Rs 1.5 lakh every second, Microsoft pockets Rs 1.1 lakh

Do you know how much profit Apple makes every second? It is a staggering over Rs 1.48 lakh, making the iPhone maker the world's most profitable company

No employee was sacked, all resignations were voluntary: Amazon India

Amazon India said that it reviews its employees every year across verticals and checks if the organisation requires realignment

Greater Noida authority cancels land allotment of Parsvnath developer

The authority has taken this action for non-deposit of the outstanding amount of nearly Rs 281 crore on both the land plots and non-completion of both the projects

Gautam Adani's $5 bn bet aimed at silencing debt-obsessed critics

Gautam Adani is seeking legitimacy in the face of questions about his group's breakneck expansion from a traditional port operator to a sprawling empire

HDFC Bank elevates Bharucha as Deputy MD, appoints Zaveri as ED

Decision comes ahead of merger; RBI had halted move ahead of Aditya Puri's retirement

Amazon's Black Friday: Several Indian trade unions to join protests

The campaign is being coordinated by an international coalition of trade unions, with the support of environmental and civil society groups

Orchid Pharma antibiotic product for treating UTI coming to India: MD

Company says it's returning to profit after takeover by Dhanuka Laboratories under insolvency resolution