Page 2062 - Company News
Nykaa CEO Falguni Nayar named EY Entrepreneur of the Year for 2021
She will represent India at the EY World Entrepreneur of the Year Award on June 9.
 "Nykaa CEO Falguni Nayar named EY Entrepreneur of the Year for 2021")
Reduce time gap for Covid vaccine booster dose to 6 months: SII to govt
SII CEO Adar Poonawalla stated that all across the world, the gap between second dose and booster shot is six month or less
 "Reduce time gap for Covid vaccine booster dose to 6 months: SII to govt")
OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm
The company is in discussions with potential IPO arrangers, including Goldman Sachs Group and Morgan Stanley and India's Kotak, Avendus and ICICI Securities
 "OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm")
Attrition at TCS touches record high; it may get worse, warns management
Despite high employee additions and supply-side challenges, the management reiterated that it aspires to have a margin in the range of 26-28%
 "Attrition at TCS touches record high; it may get worse, warns management")
Airtel fought difficult battles, emerged stronger: Sunil Mittal
"My professionals will not send me anything that will compromise the company's governance. I will never ask anything of them which will compromise our governance," Mittal said
 "Airtel fought difficult battles, emerged stronger: Sunil Mittal")
Ola CEO Bhavish Aggarwal shifts gear, to focus more on long-term strategy
Aggarwal on Tuesday tweeted that he is not retiring as has been portrayed by some media reports
 "Ola CEO Bhavish Aggarwal shifts gear, to focus more on long-term strategy")
Reliance Cap lenders to ask bidders to make all cash bids, form consortium
An industry source says the Administrator appointed by RBI was not supporting all cash bids but CoC insisted on all cash offers from bidders
 "Reliance Cap lenders to ask bidders to make all cash bids, form consortium")
Anand Rathi Wealth Q4 profit rises over three-fold to Rs 35 crore
Revenue rose by 49 per cent to Rs 115 crore in the quarter under review compared to Rs 77 crore in the year-ago period
 "Anand Rathi Wealth Q4 profit rises over three-fold to Rs 35 crore")
Observe.AI raises $125mn in series C funding led by Softbank Vision Fund 2
Existing investors Menlo Ventures, Scale Venture Partners, and Nexus Venture Partners also participate; company's total funding to date is $213 million
 "Observe.AI raises $125mn in series C funding led by Softbank Vision Fund 2")
Future Enterprises defaults on Rs 9.10 cr interest payment for NCDs
FEL has defaulted interest for the period between October 11, 2021, to April 10, 2022, a regulatory filing from the Future group firm said
 "Future Enterprises defaults on Rs 9.10 cr interest payment for NCDs")
Firms rush to tap into green hydrogen, three top cos corner large share
Greenko-John Cockeril latest to join league; RIL, L&T, Adani together set aside investment of nearly Rs 6 trillion, say analysts
 "Firms rush to tap into green hydrogen, three top cos corner large share")
After rocky tenure, Shree Cement hands over sporting rights to East Bengal
Confirming the development, Shree Cement Ltd CEO Col Shibaji Samaddar told PTI: 'Yes, Shree Cement has moved out of East Bengal after two seasons'
 "After rocky tenure, Shree Cement hands over sporting rights to East Bengal")
Last9 mops up $13 million from Sequoia, Better Capital and others
This is the second funding for the company after it raised $2 million in the first round from Sequoia Capital India's Surge and Better Capital in April 2020
 "Last9 mops up $13 million from Sequoia, Better Capital and others")
Adani Green shares jump 5% as company becomes 10th largest on BSE
On Tuesday, the shares of the company settled 5.1 per cent higher at Rs 2,800
 "Adani Green shares jump 5% as company becomes 10th largest on BSE")
Chemicals manufacturer Dorf Ketal to acquire Khyati Chemicals
According to sources in the chemicals industry, the deal could be worth anywhere between Rs 300 to Rs 400 crore
 "Chemicals manufacturer Dorf Ketal to acquire Khyati Chemicals")
PNB, IDBI Bank get govt-appointed directors on their boards
The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors.
 "PNB, IDBI Bank get govt-appointed directors on their boards")
ED to summon former Xiaomi India head in investigation: Report
The Enforcement Directorate has been probing the company since at least February, and in recent weeks asked Manu Kumar Jain, Xiaomi's former India managing director, to appear before its officers
 "ED to summon former Xiaomi India head in investigation: Report")
MakeMyTrip-owned RedBus plans integrated end-to-end online travel solutions
With the launch of RedRail app, the leading bus platform aims to be IRCTC's biggest ticket booking partner in two years
 "MakeMyTrip-owned RedBus plans integrated end-to-end online travel solutions")
HC agrees to hear Tata Power on electricity transfer to Haryana from Delhi
Justice Yashwant Varma permitted Tata Power Delhi Distribution Ltd, which distributes electricity in the northern area of the city, to intervene in the ongoing proceedings before it
 "HC agrees to hear Tata Power on electricity transfer to Haryana from Delhi")
redBus launches 'redRail', a standalone lite app for easy train bookings
"redRail is a rail ticket booking service launched by redBus, in collaboration with IRCTC (Indian Railway Catering and Tourism Corporation), as the authorised partner
 "redBus launches 'redRail', a standalone lite app for easy train bookings")