Page 2023 - Company News

Canara Bank probes fraud in unit after whistleblower complaint: Report

The whistleblower letter, sent at the end of December and also addressed to Reserve Bank of India and the National Housing Bank, said there were irregularities at one of the branches

JSW Group to make $7 bn bid for Holcim's India cement business: Report

The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability

Razorpay unveils ESOP buyback sale for 650 staffers as part of $75 mn deal

This is the fintech unicorn's fourth and largest ESOP sale for existing and former employees, irrespective of ranks

Uncertain growth outlook across key categories may be a drag on Marico

However, some brokerages are cautious about growth trends though the company is better placed than peers on the raw material front

Taxing digital companies: UN tax panel working on new set of rules

Discusses adopting multilateral approach in tax treaties for faster solution

Campus Activewear stock soars 29% on debut, ends the day with 27% gains

The stock ended at Rs 371.7, with a gain of Rs 79.7 over the issue price of Rs 292 per share

Weakening rupee a silver lining for recently downgraded IT sector

IT index may be bottoming out at current levels; fall in rupee can help companies offset some of the cost and growth pressures

Reliance to clock $20 bn in EBITDA by 2022-end, says Morgan Stanley

High refining margins, gas prices and telecom ARPUs key contributors; stock falls nearly 4 per cent on Monday

Growth and margin outlook remain strong for Tata Consumer Products

Valuations are pricing in some of the growth

Adani becomes fourth Indian group to acquire franchise in UAE's T20 League

Follows RIL, GMR group and Capri Global; tournament likely to be launched in June

OYO completes acquisition of Europe-based company Direct Booker

Direct Booker has over 3,200 homes and serviced 2 million customers so far, OYO said in a statement

Future Group hasn't made disclosures to stock exchanges, says Amazon

While arguing in the case, Amazon asked why Future did not inform the Supreme Court about the termination notice it received for its stores

Peerless Group managing director S K Roy, 78, dies after prolonged illness

He is credited with diversifying the Peerless group into hospitality, healthcare and real estate. The group's turnover is about Rs 2,500 crore. In 2009, Roy received the Padma Shri

HCL Tech to acquire Bengaluru-based Quest Informatics for Rs 15 cr cash

Quest currently serves more than 40 global leaders in the aftermarket space with its cloud-enabled aftermarket ERP, field services management, and digital parts catalog product suites

Reliance Brands signs agreement to retail Tod's in Indian market

Tod's has been operational in India since 2008 with mono-brand stores in DLF Emporio, New Delhi, and Palladium, Mumbai

3M is planning to go big in electronics space in India: Ramesh Ramadurai

'Thanks to the production-linked incentive (PLI) scheme, a lot of the supply chain will be localised to India'

Uber Technologies to cut costs and slow down hiring, CEO tells staff

The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc

IndiGo case raises issue of India's lack of law for cognitive disabilities

Experts say that while regulations are more pronounced on how to handle physical disabilities, they are silent on mental or cognitive ones

Adani group raises $250 million debt to fund development at six airports

The group has option to raise another $200 million under the existing facility

GMR group wins right to run Nagpur Airport as SC upholds Bombay HC decision

MIHAN had moved SC following Bombay High Court's refusal to annul the bidding process of Nagpur airport which was won by GMR in 2018