Page 2074 - Company News

I did what is right for company: BharatPe CEO Suhail Sameer

BharatPe, which allows shop owners to make digital payments through QR codes, last month, stripped Ashneer Grover of all titles and positions after a third-party audit alleged grave governance lapses

Local language tech platform VerSe Innovation's valuation crosses $5 bn

The investment will be focused on strengthening the company's leadership position in the country. VerSe plans to both deepen and broaden its AI and ML (machine learning) and data science capabilities

Carlyle sells 2.78% stake in SBI Cards for Rs 2,229 cr

CA Rover Holdings, an affiliate firm of the Carlyle Group, sold a total of 26.17 million shares at Rs 852 apiece, shows data provided by the stock exchange

Will explain to CCI that we are not anti-competition, says Zomato

Competition watchdog to probe Swiggy and Zomato for alleged unfair practices with respect to pricing and listing of restaurants on their platforms

Tata Sons looks to monetise assets, raise foreign loans in FY23

The company's net debt was Rs 30,327 crore, while its cash and liquid investments were Rs 2,410 crore as of February end, according to banking sources

Motherson in race for Marelli Holdings' restructuring: Report

Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding

File response on SIAC award petition: Delhi High Court to Future

The latest hearing comes after the Supreme Court asked Future Group and Amazon to request HC to hear the case on the enforcement of the emergency arbitration award passed by SIAC

Centre unlikely to dilute stake in LIC for at least 2 years after IPO

The move is to woo investors, avoid pressure on stock

Rising raw material cost pushes steel prices to fresh record highs

Raw material prices had been on the rise, but since Russia waged war on Ukraine, prices surged.

Tata Steel output falls 3% to 7.57 MT in Q4; sales jump 4% to 7.82 MT

Its total sales, however, rose by over 4 per cent to 7.82 MT in the fourth quarter, from 7.51 MT in the year-ago period

NTPC's annual coal imports in FY23 expected to hit 8-year high

India's top electricity producer NTPC Ltd's coal imports this financial year will be highest in 8 years despite near-record prices, as it looks to address domestic shortage, 2 senior officials said

Wipro will continue to invest in Telangana, says Azim Premji

He also praised Telangana for its handling of the Covid crisis, saying that the state has by and large contributed significantly towards managing the pandemic

Hope of demand recovery drives gains for Havells' stock

Margin performance will be an additional trigger going ahead

HDFC-HDFC Bank merger: Brokerages see return ratios improving by FY25-26

Analysts think there are multiple challenges such as impact of SLR/CRR/PSL compliance cost; the RBI's aversion to banks holding considerable stakes in para-banking businesses

BS Number Wise: The late and lagging government annual reports

Just over half the ministries, departments and autonomous bodies released these crucial documents for 2020-21

Parl panel questions Sebi chief on NSE case, Ruchi Soya's follow on offer

Sebi Chairperson Madhabi Puri Buch on Tuesday appeared before a parliamentary panel and was questioned on the NSE controversy, Sahara case and share offers of Paytm and Ruchi Soya, sources said

Bandhan Bank's overall collection efficiency ratio stands at 96%

The overall collection efficiency ratio (CER) of private lender Bandhan Bank stood at 96% at the end of FY 2021-22, against 93% in the preceding third quarter, the bank said in a statement on Tuesday

Poonawalla Fincorp AUM grows 17% to Rs 16,575 crore in FY22

The finance company has set a target of having AUM of about Rs 45,000 crore by 2025.

Zoom opens technology centre in Chennai; second in the country

The company has two data centres in Mumbai and Hyderabad, a company statement said

US-based Nithia Capital acquires steel maker CREST for Rs 600 crore

CREST is an integrated plant with a sponge iron capacity of 225 kilo tonne per annum (KTPA)