Page 2072 - Company News

Paytm CEO will get stock grants once market cap recovers to IPO levels

'We should be operating Ebitda-break-even in the next six quarters, well ahead of estimates by most analysts,' Vijay Shekhar Sharma wrote

Food delivery apps Zomato, Swiggy hit by hour-long technical glitch

Downdetector, a platform that collects status reports from a series of sources, recorded 3,619 reports of outage against Zomato at 2:05 PM and 771 against Swiggy at 2:21 PM

Bandhan-led consortium buys IDFC's mutual fund business for Rs 4,500 cr

Singapore's sovereign wealth fund GIC, private equity player ChrysCapital are partners of the consortium

Invesco to sell 7.8% stake in Zee worth Rs 2,200 cr on Thursday

Invesco will sell Zee shares at the rate of Rs 270.50-Rs 290.90 per equity share - a discount of up to 7% discount to the last close price of Rs 290.90 on Wednesday on NSE

IBBI amends voluntary liquidation process regulations to streamline it

The Insolvency and Bankruptcy Board of India (IBBI) has amended regulations pertaining to voluntary liquidation process as part of efforts to streamline the process

Government defers proposal to merge BSNL, MTNL due to financial reasons

The government has deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons, Parliament was informed on Wednesday

Twitter tests out 'edit' button, says work began before Musk poll

Twitter says it is working on a way for users to edit messages, although it says project has nothing to do with the fact that edit-button fan Musk was just revealed as Twitter's largest shareholder

Tamara, Pace sell Barbeque Nation shares worth Rs 669 cr

Two entities -- Tamara and Pace -- on Wednesday offloaded shares of casual dining chain Barbeque Nation Hospitality for an estimated Rs 669 crore through open market transactions.

Power companies' shares attract investors on firm demand outlook

Shares of power distribution companies are in demand amid reports of rising electricity consumption in the country

Vi partners Apna, Enguru, Pariksha to enhance engagement with job aspirants

Vodafone Idea on Wednesday announced its partnership with Apna, Enguru and Pariksha to enhance engagement with users, specially the job aspirants, and reduce customer churn on the network

Coffee Day defaults Rs 480 crore on loan repayment, securities

Coffee Day Enterprises had reported a consolidated net profit of Rs 18.80 crore for the third quarter ended on December 31, 2021

HDFC twins' merger plan to moderately hurt bank's profitability: Moody's

The proposed merger of HDFC Bank and HDFC Ltd will moderately hurt the lender's profitability in the next 2-3 years, driven by higher funding costs to meet the regulatory liquidity norms, Moody's said

Paytm shares jump nearly 5% after business update

Shares of Paytm declined significantly in recent times due to volatile market conditions for high growth stocks, the company's founder and CEO Vijay Shekhar Sharma said on Wednesday

Lenders mull 90-day extension to close Reliance Capital resolution process

Lenders on Wednesday discussed a proposal for 90 days of extension to close the resolution process of debt-ridden Reliance Capital Ltd (RCL) promoted by the Anil Ambani Group, sources said

SAP India, Amul tie up to deliver inclusive, sustainable community project

Programme aims to transform lives of 1.5 million Indians, will focus on social entrepreneurship, enablement of skilled workforce, digital inclusion, and bridging gender gap

All telecom operators except BSNL complying with call drop norms: Vaishnaw

All telecom operators except state-owned telecom firm BSNL, only in one circle, have been complying with call drop norms, Parliament was informed on Wednesday

Indian shoppers turning hybrid with mix of online-offline purchases: Criteo

A report by Nasdaq-listed Criteo says 45% of Indians surveyed browse products online but buy them at a store, while 44% purchase online after selecting products at a retail store

BPCL buys 2 million barrels of Russian Urals for May loading: Report

The state-run refiner regularly buys Russian Urals for its 310,000 barrels per day (bpd) Kochi refinery in southern India

Amazon, Future will approach Singapore tribunal to resume arbitration: SC

SC on Wednesday observed that parties will approach tribunal led by Singapore International Arbitration Centre to resume arbitration proceeding in relation with merger deal of FRL with Reliance Retail

Microblogging platform Koo enables Aadhaar-based self-verification

This makes Koo first 'significant social media intermediary'--defined by govt as a platform with over 5 mn users--to enable this feature