Page 1729 - Company News

Fantasy sports offered by Dream11 are games of skill, not chance: SC

Two-judge bench dismisses review petition seeking to reopen and review an earlier SC order relating to a 2017 Punjab and Haryana HC decision ruling fantasy sports to be a game of skill

Leading insurance companies under GST scanner for alleged fake invoicing

Notices have also been issued to vendors of these companies

Top headlines: Disinvestment target, RBI imposes penalty on 9 UCBs & more

Business Standard brings you the top headlines this hour

LIC has edge over private insurers: Gains market share in FY23

Top private insurance firms shed 447 bps as national insurer gets aggressive in group biz

Near term margins may remain subdued for plastic pipe maker Astral

It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Piramal-Bain's IndiaRF invests Rs 550 cr for majority stake in Impresario

Funds will be used by the company to fuel the further expansion of Impresario's business

Air India joins industry bodies FIA, AAPA to help shape aviation future

AAPA has major carriers from North East, South East and West Asia, among others as its members

Economic uncertainty a threat for flexi-work model: LinkedIn research

71% of business leaders surveyed in India want employees to work more frequently from office, instead of WHF. Despite this, 82% believe hybrid working is here to stay for the longer term

Paytm on path to profitability; Oct loan disbursement up 387% YoY: CEO

Merchant subscriptions driving higher payment volumes, says Vijay Shekhar Sharma

In-store sales back in vogue: Apparel retailers see record revenues in Q2

Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter

Hatchback sales lose momentum in India due to changing consumer preference

Hatchbacks like WagonR and Alto have seen a decline during the past few years due to changing consumer preference

Budget 2023-24: Disinvestment target likely to stay elevated for FY24

The sources said that the government expects over Rs 60,000 crore from the IDBI stake sale.

Auditor flags Rs 13,110 cr of fraud deals in Srei Equipment Finance

Sum includes transactions amounting to Rs 1,283 cr determined as undervalued; Srei Equipment Finance is currently undergoing corporate insolvency resolution process

Investors react positively to LIC's good showing in second quarter

LIC posted a record rise in the Q2 profit after tax (PAT) to Rs 15,950 crore, up 10x year-on-year (YoY) compared to Rs 1,433.71 crore a year ago

L&T Infotech and Mindtree receives approval for merger from NCLT

Creates India's sixth largest IT services and fifth largest in market cap

APSEZ forms JV with Gadot Chemical Terminals in Israel to buy Haifa Port

Adani Ports and Special Economic Zones, the flagship transportation arm of the diversified Adani group, is India's largest private ports and logistics company

BSNL lists 13 properties on MSTC website for auction in five states

BSNL said that besides 13 properties listed for sale, there are more properties in the pipeline and will be put to auction soon

Sebi approves Adani's open offer for 26% additional stake in NDTV

Last week, the Adani group had revised the open offer timeline to Nov 22; offer price of Rs 294 a share is at a 24% discount to NDTV's closing price of Rs 365.85 on Monday

Tiger Global offloads 2.98% shares of PB Fintech worth Rs 522 crore

Meanwhile, WF Asian Reconnaissance Fund acquired 50 lakh shares of the company

DoT mandates telecom infra firms to share assets with notified entities

Earlier, sharing of assets like dark fibres, duct space and mobile towers of telecom infrastructure companies was allowed on mutually agreed terms with the other parties