Page 1849 - Company News
Paytm says no link with Chinese loan merchants under ED scanner
Paytm said that none of the funds frozen by the ED belongs to it or any of its group firms
 "Paytm says no link with Chinese loan merchants under ED scanner")
Disney likely to offload 10% stake in Rs 3,200-crore Tata Play IPO
The aggressive push of DD Freedish by Prasar Bharati in the past five years has only compounded matters for private DTH players, experts say
 "Disney likely to offload 10% stake in Rs 3,200-crore Tata Play IPO")
Six years of Jio: Tracing the telco's dominance in the Indian market
Jio, with 36 per cent market share, is the number one player in the segment
 "Six years of Jio: Tracing the telco's dominance in the Indian market")
Tax dept unearths Rs 58,000 cr in winnings of players on Indian gaming app
Winners have to pay about Rs 20,000 crore in tax
 "Tax dept unearths Rs 58,000 cr in winnings of players on Indian gaming app")
BigBasket co-founder Abhinay Choudhari launches tech-led laundry service
BigBasket co-founder Abhinay Choudhari has launched LaundryMate as his next venture aimed at solving the household laundry chore and tapping a $15 billion opportunity by 2025
 "BigBasket co-founder Abhinay Choudhari launches tech-led laundry service")
Top 10 in broadband? India needs to go from 1.95% to 40% adoption
Mukesh Ambani wants to achieve the target by deploying 5G fixed wireless access to homes
 "Top 10 in broadband? India needs to go from 1.95% to 40% adoption")
'We need to stop dividing country; govt, industry need to do more'
Efforts ought to be made to unify the country: Nadir Godrej the chairman and managing director of the diversified Godrej Industries
 "'We need to stop dividing country; govt, industry need to do more'")
Public sector firms can't have industrial growth from taxation: RC Bhargava
The government should not be running businesses as public sector companies are inefficient and do not generate enough resources to fund their own growth, said Maruti Suzuki India Chairman R C Bhargava
 "Public sector firms can't have industrial growth from taxation: RC Bhargava")
'He was destined for greatness': India Inc grieves Cyrus Mistry's death
Leads to an outpouring of grief and shock among his industry colleagues
 "'He was destined for greatness': India Inc grieves Cyrus Mistry's death")
Reliance Retail contributed over 63% of sales of Future Consumer in FY22
Reliance Retail was the largest customer of Future Consumer Ltd (FCL) in FY22, contributing 63.06% of its sales, according to the annual report of the Kishore Biyani-led Future group's FMCG arm.
 "Reliance Retail contributed over 63% of sales of Future Consumer in FY22")
RIL inches closer to acquiring Lanco Amarkantak with Rs 1,960 cr cash offer
If the deal goes through, it will be the third big-ticket acquisition by the Ambani firm under IBC
 "RIL inches closer to acquiring Lanco Amarkantak with Rs 1,960 cr cash offer")
Cyrus Mistry's death puts spotlight on SP Group's holding in Tata Sons
There were media reports in March this year that SP Group was taking a Rs 15,000 crore loan against its holding in Tata Sons
 "Cyrus Mistry's death puts spotlight on SP Group's holding in Tata Sons")
Cyrus Mistry: A reclusive scion who fought for honour after being fired
Cyrus Mistry's shock ouster as Tata Sons chairman in 2016 triggered a very public, years-long courtroom and boardroom battle between two of India's most storied corporate clans
 "Cyrus Mistry: A reclusive scion who fought for honour after being fired")
Comviva targets 10% of 5G-enabled business globally in next 5 years
Comviva, a subsidiary of Tech Mahindra and a global mobility solutions provider, is targeting a 10 per cent share of the $2-billion addressable 5G-enabled business applications market across the world
 "Comviva targets 10% of 5G-enabled business globally in next 5 years")
Settlement framework will help ensure faster market corrections: CCI chief
Proposed introduction of the settlement and commitment framework under the competition law will help reduce litigations and ensure faster market corrections, says CCI chief
 "Settlement framework will help ensure faster market corrections: CCI chief")
Byju's likely to raise over $500 mn at $23-bn valuation: Report
The company is in discussion with Abu Dhabi's Sovereign Wealth Funds and Qatar Investment Authority for raising in the range of $400-500 mn and $250-350 mn, respectively, according to the sources
 "Byju's likely to raise over $500 mn at $23-bn valuation: Report")
Meesho ropes in celebs to push five-day mega sale beginning Sept 23
Softbank-backed Meesho has roped in seven celebrities to push its five-day annual festive sale -- Mega Blockbuster Sale
 "Meesho ropes in celebs to push five-day mega sale beginning Sept 23")
Return to workplace may ease moonlighting concerns in IT industry: Experts
The issue of moonlighting by tech professionals has ignited a fresh debate, polarising opinions and raising thorny legal questions
 "Return to workplace may ease moonlighting concerns in IT industry: Experts")
MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others
Government-owned e-commerce service provider MSTC aims to expand its offering for private players and has tied up with firms like Reliance Industries, Tata Power, Vedanta, and Larsen & Toubro (L&T)
 "MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others")
I-T department nod not needed for Adani to acquire NDTV shares: Report
The Adani group believes that there is no restriction by tax authorities on it acquiring a stake in NDTV, a statement that has also been backed by tax experts
 "I-T department nod not needed for Adani to acquire NDTV shares: Report")