Page 2087 - Company News
PhonePe to more than double employee count to 5,400 by December 2022
Digital payments platform PhonePe on Tuesday said it plans to more than double its total employee strength to 5,400 across the country by the end of December 2022 from existing 2,600
 "PhonePe to more than double employee count to 5,400 by December 2022")
U GRO's public issue of bonds opens on Thursday to raise up to Rs 100 cr
U GRO Capital, a non banking financial company focused on small and medium enterprises, on Tuesday announced opening of public issue of bonds later this week to raise up to Rs 100 crore
 "U GRO's public issue of bonds opens on Thursday to raise up to Rs 100 cr")
Lupin inks licensing pact with Alvion to market drugs in Southeast Asia
The Mumbai-based company said it is committed to providing affordable treatment options to healthcare providers and patients
 "Lupin inks licensing pact with Alvion to market drugs in Southeast Asia")
L&T's transportation infrastructure business bags 'significant' contracts
Larsen & Toubro (L&T) on Tuesday said its transportation infrastructure business has secured various orders from prestigious clients
 "L&T's transportation infrastructure business bags 'significant' contracts")
Gupshup acquires Active.Ai to strengthen customer experience solutions
Active.Ai serves BFSI customers across 43 countries with conversational banking as a service platform that helps clients engage with millions of consumers every month
 "Gupshup acquires Active.Ai to strengthen customer experience solutions")
Vested Finance raises $12 mn in series A funding round led by Ayon Capital
The company has processed more than $250 million in transactions in 2021 and also tripled the deposits on the platform in 2021.
 "Vested Finance raises $12 mn in series A funding round led by Ayon Capital")
PhonePe plans to fill 2800 positions in 12 mths, to hire across functions
The Walmart-owned fintech firm is focused on doubling employee strength to about 5400.
 "PhonePe plans to fill 2800 positions in 12 mths, to hire across functions")
IndiGo co-founder Rakesh Gangwal pledges Rs 100 cr to alma mater IIT Kanpur
The funds would be invested in establishing the School of Medical Sciences and Technology on the IIT Kanpur campus.
 "IndiGo co-founder Rakesh Gangwal pledges Rs 100 cr to alma mater IIT Kanpur")
Meesho integrates grocery with core application; rebrands Farmiso
Meesho Superstore currently provides 500 products across categories like fresh fruits, vegetables, groceries, home care, and packaged food.
 "Meesho integrates grocery with core application; rebrands Farmiso")
HDFC Bank and mortgage lender HDFC Ltd to merge
The merger is expected to be completed by Q2/Q3 of FY24
HDFC Bank and mortgage lender HDFC Ltd to merge
The merger is expected to be completed by Q2/Q3 of FY24
Tata Power Solar commissions 160 MW solar project in Rajasthan
Tata Power Solar has commissioned a 160 MW AC solar project at Jetstar in Rajasthan.
 "Tata Power Solar commissions 160 MW solar project in Rajasthan")
Anarock buys 75% stake in coworking marketplace myHQ for Rs 125 cr
myHQ, which is headquartered in Delhi-NCR, currently has over 50,000 subscribed members across 700+ spaces in seven cities
 "Anarock buys 75% stake in coworking marketplace myHQ for Rs 125 cr")
Manipal HealthMap acquires Hyderabad-based Medcis PathLabs in all cash-deal
Through this acquisition, Manipal HealthMap will have access to additional 19 laboratories, including one NABL accredited central laboratory in Hyderabad.
 "Manipal HealthMap acquires Hyderabad-based Medcis PathLabs in all cash-deal")
Meesho to integrate grocery biz in core app, scale to 12 states this year
The company expects to complete the integration of the grocery business by the first week of May and will rebrand it from Farmiso to Meesho Superstore.
 "Meesho to integrate grocery biz in core app, scale to 12 states this year")
Tata Housing plans Rs 1,200 crore investment for premium housing
Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects
 "Tata Housing plans Rs 1,200 crore investment for premium housing")
Dell Technologies India business grew 64% in year ended December 2021
Dell Technologies India registered a record annual business growth of 64 per cent in the financial year ended December 2021, a senior company official said on Tuesday.
 "Dell Technologies India business grew 64% in year ended December 2021")
How life has come full circle for Deepak Parekh?
Monday morning kicked-off with the news that HDFC Ltd was merging with HDFC Bank. Deepak S Parekh, who oversaw the merger, is a relieved man now. Find out more about the 77-year-old industry veteran
 "How life has come full circle for Deepak Parekh?")
India Inc likely to see robust Q4 nos despite input cost pressure: Analysts
The next two quarters, according to analysts at Motilal Oswal Securities, are likely to see a sharp margin impact and corporate commentaries will worsen before they get better
 "India Inc likely to see robust Q4 nos despite input cost pressure: Analysts")
Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained
The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.
 "Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained")