Page 1986 - Company News

BharatPe sees more high-profile exits as Nathani resigns after Grover

After facing the months-long Ashneer Grover saga, fintech platform BharatPe is witnessing some high-profile exits and now, its founding member Satyam Nathani has resigned

Tencent buys stake worth Rs 2,060 cr in Flipkart from Binny Bansal

Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV

Steel industry body seeks govt intervention to check coking coal price

Industry body ISA has sought the government's immediate intervention to check coking coal price, which has grown three-fold to around $450 a tonne

Viacom 18, Disney Star among firms shortlisted for IPL TV, digital rights

The e-auction for the media rights from 2023 to 2027 will be held on June 12.

RBI approves former IOB chief Subramaniakumar as CEO of RBL Bank

Industry veteran started his career with Punjab National Bank and his new role is for three years.

Meet the CEO who is putting in overtime to shorten your workweek

Joe O'Connor heads a nonprofit helping companies around the world to adopt more flexible work schedules.

6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default

The banks have sued GVK Group-owned GVK Coal Developers over a dispute on a $1-billion loan and $35-million letter of credit facility and a $160-million loan

Footwear firm Khadim India celebrates founder's 96th birth anniversary

Khadim at present has expanded to 799 retail outlets and has a network of 575 distributors

Axis Energy Ventures commissions 445-MW solar plant in Rajasthan

Axis Energy Ventures India on Saturday said it has commissioned a 445 MW solar plant in partnership with Brookfield Renewables in Rajasthan

No Bezos-Ambani face-off as Big Tech quits race for IPL broadcast rights

Amazon, Alphabet, Apple pull out of media rights auction; Disney-Star combine and RIL-led Viacom 18 emerge frontrunners

E-commerce startup Meesho records 5.35 mn orders in one-day sale event

Over 26,000 new sellers participated in the sale event, the statement said

SAP to double investments in India, sees 'major growth': Executive

Indian talent is 'unbelievable', says Thomas Saueressig, who is a member of the German firm's executive board.

Tata Tech eyes acquisitions, 69% growth to nearly $800 mn by 2025

For the year ended March 2022, Tata Technologies revenue was seen at $473.5 million, along with an operating profit of $ 86.5 million and profit after tax of $58 million

With Chetak Technology, Bajaj Auto seeks to be top e-two wheeler exporter

Bajaj Auto will invest over Rs 2,000 crore over the next 2-3 years

EVs catching fire because of 'mad rush' to get into business: Rajiv Bajaj

'Upstarts and not start-ups have entered the sector'

NCLAT begins insolvency proceedings in just one project of Supertech

NCLAT on April 12 stayed the formation of CoC as the promoters have sought some time to settle the matter with their financial creditor

At 1.27 lakh, OYO sees highest daily bookings in May as travel surge builds

Yatra, Booking.com, Ixigo also see business uptick as travel picks up

Cloudtail says CCI detained its employees illegally during raid

An initial hearing on Cloudtail's filing at the Delhi High Court on June 3 did not mention the detentions, and the contents of the filing have not been posted publicly

Consumer affairs ministry to set up panel for FAQ on cryptocurrencies

Calls meeting to discuss complaints against edutech firms

Base metal companies line up Rs 1.14 trillion capex as demand rises

Host of sectors pushing up need for metals; capital outlay significant by firms, say experts