Page 2011 - Company News
Piramal Group chairman awarded for services to UK-India trade relationship
Piramal Group Chairman Ajay Piramal has received the prestigious Commander of the Order of the British Empire (CBE) award, a release said on Tuesday.
 "Piramal Group chairman awarded for services to UK-India trade relationship")
Saint-Gobain, Sembcorp sign green energy supply deal for Indian units
Construction materials giant Saint-Gobain has signed a long-term renewable power supply deal with Singapore-listed Sembcorp for its manufacturing facilities in southern Tamil Nadu state
 "Saint-Gobain, Sembcorp sign green energy supply deal for Indian units")
Jet Airways successfully conducts proving flights: Jalan-Kalrock consortium
Jet Airways has successfully operated all proving flights and is now looking forward to the grant of air operator certificate (AOC) by aviation regulator DGCA, its owner Jalan-Kalrock Consortium said
 "Jet Airways successfully conducts proving flights: Jalan-Kalrock consortium")
'Accumulate LIC stock for long term': Analysts on firm's lacklustre debut
Shares of much-anticipated Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.
 "'Accumulate LIC stock for long term': Analysts on firm's lacklustre debut")
Jack Ma exits Paytm Mall; offloads 43% stake for Rs 42 cr: Report
Paytm E-commerce have bought back the entire stake of Alibaba, which held 28.34 per cent, and Antfin (Netherlands) Holding, which held 14.98 per cent stake, a total of 43.32 per cent, for Rs 42 crore.
 "Jack Ma exits Paytm Mall; offloads 43% stake for Rs 42 cr: Report")
RBL Bank raises $100 mn from Basel III-compliant unsecured tier 2 bonds
RBL Bank on Tuesday said it has raised $100 million (about Rs 770 crore) through its first issuance of Basel III-compliant unsecured and subordinated tier 2 bonds.
 "RBL Bank raises $100 mn from Basel III-compliant unsecured tier 2 bonds")
LIC, with m-cap of Rs 5.54 trn, is fifth most valued Indian company
The country's largest insurer LIC is the fifth most valuable company in the country with a market capitalisation of about Rs 5.54 lakh crore.
 "LIC, with m-cap of Rs 5.54 trn, is fifth most valued Indian company")
AWS launches SMB Vidyalaya to speed up digitisation of small businesses
The programme has over 50 technology education modules specific to SMBs and the opportunities they have to drive business growth across the country
 "AWS launches SMB Vidyalaya to speed up digitisation of small businesses")
Shriram City to focus on small biz, gold loans in FY23; aims 18% AUM growth
Noting that the demand in the economy has not yet fully recovered, while rural and semi-urban areas have been doing better now, Y S Chakravarti, MD & CEO said.
 "Shriram City to focus on small biz, gold loans in FY23; aims 18% AUM growth")
Wish I had a co-founder to tide over tech struggles initially: Nykaa CEO
Falguni Nayar, an investment banker-turned-entrepreneur, said she had no idea about retail or technology when she decided to take the entrepreneurial plunge in 2012
 "Wish I had a co-founder to tide over tech struggles initially: Nykaa CEO")
Xanadu Realty raises undisclosed sum from HDFC, HDFC Life for expansion
Xanadu Realty Ltd, a realty tech business accelerator firm, on Tuesday announced that it has received a strategic investment from HDFC Ltd and HDFC Life Insurance Co. Ltd.
 "Xanadu Realty raises undisclosed sum from HDFC, HDFC Life for expansion")
HDFC Bank launches spot home loan offer; available on WhatsApp in 2 minutes
Mortgage lender HDFC on Tuesday launched a spot offer on WhatsApp to provide an in-principle home loan approval for buyers within 2 minutes.
 "HDFC Bank launches spot home loan offer; available on WhatsApp in 2 minutes")
Maruti shareholders approve appointment of Hisashi Takeuchi as MD and CEO
In a regulatory filing, the auto major said 99.89% of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO
 "Maruti shareholders approve appointment of Hisashi Takeuchi as MD and CEO")
Moody's affirms Indiabulls HFC's B3 rating; upgrades outlook to 'stable'
The Moody's affirmation is driven by Indiabulls' strong capital, comfortable liquidity, declining profitability and weak asset quality
 "Moody's affirms Indiabulls HFC's B3 rating; upgrades outlook to 'stable'")
Odisha Mining Corp to spend Rs 208 cr to set up skill academy, 5 schools
OMC signed an agreement with Odisha Adarsha Vidyalaya Sangathan to set up five 'Mining Adarsha Vidyalayas'
 "Odisha Mining Corp to spend Rs 208 cr to set up skill academy, 5 schools")
Abu Dhabi's IHC completes Rs 15,400 cr investment in three Adani companies
Abu Dhabi's IHC has made the Investment via the preferential allotment route
 "Abu Dhabi's IHC completes Rs 15,400 cr investment in three Adani companies")
Abu Dhabi's IHC completes Rs 15,400 cr investment in three Adani companies
IHC has made the Investment via the preferential allotment route
After pledging $955 mn on buys, Tech Mahindra to focus on integrating firms
Over the last 18 months, the company has committed $955 million to acquire 10 companies in varied deal sizes across the world
 "After pledging $955 mn on buys, Tech Mahindra to focus on integrating firms")
Byju's set to acquire edtech rival Toppr for $150 million: Report
Toppr provides online learning materials to students in grades 5 through 12 and its backers include SAIF Partners and Helion Ventures
 "Byju's set to acquire edtech rival Toppr for $150 million: Report")
Snippet from LIC history: A minister, a son-in-law & a financial adventurer
The scandal involved the finance ministry and a canny industrialist, and details were eventually brought into the limelight by Jawaharlal Nehru's crusading son-in-law
 "Snippet from LIC history: A minister, a son-in-law & a financial adventurer")