Page 2028 - Company News

BharatPe to 'claw back' Ashneer's restricted shares, blocks vendors

BharatPe said it has initiated action against ex-founder Ashneer Grover to "claw back his restricted shares as per the shareholders' agreement" and will take steps to enforce its right under law.

Swiggy temporarily shuts Genie across cities due to worker shortage: Report

Swiggy Genie services have been impacted across Mumbai, Hyderabad, and Bengaluru, said report

Lumax Industries moves Delhi HC over trademark infringement dispute

Lumax Industries Ltd has filed a suit in Delhi High Court seeking to restrain Hindustan Auto Industries Ltd in relation to a dispute on purported trademark infringement and device marks.

MakeMyTrip to enhance business-to-business segment to tap corporate travel

MakeMyTrip said it is planning to enhance its business-to-business segment, targeting large corporates and MSMEs to tap the opportunity in domestic corporate travel.

Dr Agarwal's Health Care raises over Rs 1,000 cr from TPG Growth, Temasek

Dr Agarwal's Group of Eye Hospitals has added more than 60 units to its network in the past five years alone

Cipla partners with Genes2Me to launch Coronavirus RT PCR test kit

The kit is validated by the Indian Council of Medical Research (ICMR) and much more advanced than other RT PCR tests, the drug firm said

Skillmatics raises $16 mn in series B funding round led by Sofina

Operating in a $100 billion global toys and games market, Skillmatics designs content-led games and play centric learning resources.

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