Page 2042 - Company News

PhonePe announces cashback offers on gold, silver purchases via its app

Users can buy 24K gold through the app and choose to either accumulate it in bank grade insured lockers with zero hassle of storage or making charges or get delivery in form of gold coins or bars

Mahindra Lifespace shares rally nearly 8% after earnings announcement

Its consolidated total income stood at Rs 408.2 crore in the last fiscal, against Rs 187.8 crore FY21, according to a regulatory filing

Godrej Properties buys 58-acre land in Nagpur to develop housing project

The project has good connectivity to Nagpur Airport and the Nagpur - Hyderabad highway with well-established social infrastructure in the vicinity, the company said

Indifi Technologies appoints former SBI Chairman Rajnish Kumar as advisor

Rajnish Kumar will engage with the management on the Indifi Technologies' growth strategy and provide guidance in the financial services sector.

Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding

Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.

Bajaj Auto Q4 net up 10% YoY to Rs 1,469 cr on higher export realisation

Guides for a 10-15% impact on Q1 volumes due to chip shortage. It says rising cell prices could retard transition to EVs

Is the government undervaluing LIC for its IPO?

LIC's much-awaited IPO is finally opening on May 4. But its current valuation is Rs 6 lakh cr, less than half of the expected value of Rs 13 lakh cr. Is the govt undervaluing the state-run behemoth?

Billionaire tech pioneer Nilekani takes on Amazon, Walmart in India

India has become a battlefield for some global retail behemoths that are either shut out of China or are struggling to compete with local rivals there

What would Netflix's new model mean for the Indian OTT ecosystem?

Netflix's customer base shrunk by 2,00,000 during the January-March quarter, and likely to lose 2 mn more in the current quarter. It is now mulling a low-cost subscription, supported by advertising.

Reliance, Viacom18 partner with Bodhi Tree to form TV, streaming platform

In addition, the popular JioCinema OTT app will be transferred to Viacom18

LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion

Valuation fair and attractive; won't dilute stake for a year: Govt

Damani eyes partners for Ambuja Cements buy; may invest up to Rs 10,000 cr

May monetise Avenue Supermarts stake to raise funds

HDFC Life March quarter: Guidance of premium growth offers confidence

Analysts' target price tops Rs 600

Maruti Suzuki joins hands with Indian Bank for car loans

Maruti Suzuki India (MSI) on Wednesday said it has joined hands with Indian Bank to facilitate easy finance for customers.

Indian Hotels turns in Rs 72 cr profit in Q4 against a loss last year

Firm reports consolidated revenue of Rs 872.08 crore during the quarter as against Rs 615.02 crore in the year-ago period

BPCL, HPCL walk away with city gas licenses in latest bid round

Seven companies had put in 21 bids for city gas licences in five areas in states like Uttar Pradesh and West Bengal

Airtel buys 7% in cloud networking startup Cnergee Tech for undisclosed sum

Airtel has bought the stake at mutually agreed pre-money enterprise valuation but did not disclose the valuation due to reasons of confidentiality

Adani Enterprises incorporates wholly-owned arm for media related biz

Adani Enterprises Ltd (AEL) on Wednesday announced incorporation of its subsidiary AMG Media Networks.

RIL, Lupa Systems prepare for IPL rights auction with new joint venture

Bodhi Tree Systems, a platform promoted by Lupa Systems and Shankar, said it was investing Rs 13,500 crore in Viacom18

DGCA deregisters Air India's 4 Boeing 747 jets not in operation since 2020

Planes as old as these 747s consume a huge amount of fuel and require extensive maintenance, they said