Page 2060 - Company News

Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit

Business Standard brings you the top headlines this morning

PhonePe, Affle, seek 'out of court' settlement for Indus OS acquisition

PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million

PE investments down 31% by value sequentially in Q1CY22: Refinitiv data

Private equity investments in Q1 2022 totalled $8.03 billion, down 30.7 per cent from $11.59 billion in Q4 2021 but up 88.6 per cent ($4.2 billion) from the same quarter in the previous year.

PhonePe tops 100 mn transactions a day, does 2.5 bn transactions a month

The app has seen digital transactions from over 19,000 pin codes, constituting more than 99 per cent of the country

Ola bets on 10-minute delivery promise, but experts sceptical

Finger in too many pies? Market doesn't reward confusing narrative, they say

Simulator fault: DGCA asks SpiceJet to retrain 90 737 Max first officers

During a routine check, the DGCA surveillance team found that the stick shaker of the simulator was non-functional

Infosys Q4 net rises 12% YoY; projects revenue growth of 13-15% in FY22-23

In terms of top line growth, Infosys was ahead of TCS, the country's largest software services firm

Govt shortlists up to 60 anchor investors for LIC's share sale

Price discovery estimates insurer's value at around Rs 7 trillion

Credit Suisse and Axis Bank move NCLT against RCap, Administrator

The lenders want recognition as firm's financial creditors, and inclusion in CoC as part of RCap's corporate insolvency resolution proceedings. Administrator has admitted claims worth Rs 23,666 cr

Amazon says anyone aiding FRL shareholders meeting is party to fraud

In a 16-page letter to Kishore Biyani, his daughter Ashni and other promoters, Amazon has said such meetings violate Singapore tribunal's injunction on sale of retail assets to RIL

Impressive start: Super app 'Tata Neu' is a superhit among customers

Tata Neu's ranking slipped slightly over the past two days to Number 5 - behind Meesho, Flipkart's social commerce platform Shopsy

Govt's mandatory airbag proposal to hurt car sales: Maruti Suzuki chairman

India's road transport ministry is firm on its plan and is pushing automakers to agree to the rules, two sources told Reuters

Attrition continues to hound IT bellwethers 5-6 quarters down the line

Though companies are saying they are managing supply side constraints by hiring more freshers and by subcontracting, exits is clearly impacting margins and profitability

Hero Electric to offer device with 3 alarms to prevent fire in e-scooters

EV lobby head says govt cannot enforce recall and instead tighten standards

NPCI eases cap on WhatsApp payments service to expand to 100 mn users

Regulator granted WhatsApp approval in November 2020 to go live on UPI in the multi-bank model in a graded manner.

Why Westlife could outperform Jubilant FoodWorks in the near term

All QSR majors, however, will face margin pressures given rise in food prices, analysts say

Hariom Pipe surges 50% on debut, ends at Rs 231 vs offer price of Rs 153

The Harini Pipe stock was locked in the 5 per cent upper circuit on both exchanges

Tata Motors may see major re-rating amid apparent recovery in CV biz

Strong rebound likely over the next two years could boost sentiment

Adani Green becomes 8th most valued firm; overtakes Bajaj Finance, HDFC

Shares of the company jumped 2.70% to settle at Rs 2,864.75 on BSE

Plastic ban looming, FMCG firms consider importing paper straws

Nestle has already made the switch; Dabur, Amul, Parle weigh options