Page 1799 - Company News
Companies can now register themselves as insolvency professionals
Earlier, the regulations only allowed the IPEs to provide support services to insolvency professionals
 "Companies can now register themselves as insolvency professionals")
ArcelorMittal Nippon Steel India joins race to buy Srei group firms
Sources close to the development said whether new participants who were not part of the original list of EOI would be allowed will have to be evaluated
 "ArcelorMittal Nippon Steel India joins race to buy Srei group firms")
Adani Enterprises' stock falls 2.6% ahead of Nifty50 debut
The company was also in focus after it said it was considering increasing its public float
 "Adani Enterprises' stock falls 2.6% ahead of Nifty50 debut")
80% of IT employees need better reason to go to office, says report
Several companies, the report claims, have introduced higher variable pay and employee engagement budgets while cutting down the internet allowance to make employees return to the office
 "80% of IT employees need better reason to go to office, says report")
Venture Catalysts-backed Elev8 announces $200 mn fund to invest in startups
Venture Catalysts-backed Elev8 Venture Partners on Thursday announced the launch of a USD 200 million fund to invest in tech companies.
 "Venture Catalysts-backed Elev8 announces $200 mn fund to invest in startups")
BharatPe's PoS vertical turns profitable within 2 years of launch
BharatPe is the No. 2 private POS player in the country with an installed base of close to 2 lakh machines across more than 250 cities in the country, the firm said in a statement
 "BharatPe's PoS vertical turns profitable within 2 years of launch")
Price hikes in electric scooter models? 'Unlikely', says Ola Electric
The government has extended the earlier October 1 deadline for the implementation of new battery testing norms for electric vehicles (EVs)
 "Price hikes in electric scooter models? 'Unlikely', says Ola Electric")
Reliance Retail's fashion-lifestyle store AZORTE to take on Zara, Mango
The company plans to ramp up the store presence across key markets over the coming months
 "Reliance Retail's fashion-lifestyle store AZORTE to take on Zara, Mango")
Blue Dart Express' volume growth momentum likely to sustain in FY23
Margin levels could see an improvement on higher volumes, price hike
 "Blue Dart Express' volume growth momentum likely to sustain in FY23")
Udaan to provide medicine delivery to pharmacies every 4-hour
As part of the new service offering, Udaan will provide medicine delivery to pharmacies every 4-hour with 4 delivery slot options in a day to order medicines across six cities
 "Udaan to provide medicine delivery to pharmacies every 4-hour")
Air India halves discount on basic fares for senior citizens, students
Tata Group-owned full-service carrier Air India has reduced by half the discount offered on basic fares to senior citizens and students in the economy class on its flights, according to its website
 "Air India halves discount on basic fares for senior citizens, students")
Residential launches see 61% growth in Q3, says PropTiger report
Despite the slight increase in overall interest rates, the demand for housing has not dipped.
 "Residential launches see 61% growth in Q3, says PropTiger report")
Top 20% of Urban Company partners earned Rs 42,000 per month in Q2
According to the H1 2022 Urban Company Earnings Index, UC Partners who completed over 30 orders in a month earned over Rs 32,000 per month in Q2 2022
 "Top 20% of Urban Company partners earned Rs 42,000 per month in Q2")
Adani Ports incorporates arm for trading in aviation-related fuels
APSEZ in BSE filing said that AAFL will commence its business operations in due course
 "Adani Ports incorporates arm for trading in aviation-related fuels")
Many IT professionals may not return to the sector in future: Report
According to leading tech staffing firm TeamLease Digital, employees' needs and priorities have changed, and they are re-evaluating their careers based on various aspects
 "Many IT professionals may not return to the sector in future: Report")
Indian Oil Corporation sets up new unit for treasury operations
India's top refiner Indian Oil Corp has set up a subsidiary to pool the funds of its overseas units in order to meet capital and trade finance needs, it said in a statement on Thursday
 "Indian Oil Corporation sets up new unit for treasury operations")
SoftBank-backed Meesho records nearly 68% jump in festival sales
Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ cities.
 "SoftBank-backed Meesho records nearly 68% jump in festival sales")
ASCI appoints N S Rajan as next chairman; Saugata Gupta new V-C
The outgoing chairman, Subhash Kamath, will be a part of the Consultative Committee of the board, which, among other activities, mentors the new initiatives of the organisation
 "ASCI appoints N S Rajan as next chairman; Saugata Gupta new V-C")
CCI clears acquisition of Essar Group assets by ArcelorMittal Nippon Steel
The Competition Commission of India on Thursday approved acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Ltd.
 "CCI clears acquisition of Essar Group assets by ArcelorMittal Nippon Steel")
LIC stake in speciality chemical firm Deepak Nitrite rises over 5%
Life Insurance Corporation on Thursday announced buying additional stake in speciality chemicals maker Deepak Nitrite to take its overall shareholding in the company to over 5 per cent
 "LIC stake in speciality chemical firm Deepak Nitrite rises over 5%")