Page 2099 - Company News

CCI conducts raids on offices of Apollo Tyres, Ceat, Continental

One of the sources said the case was related to an antitrust investigation into the use of unfair trade practices and rigging of bids while supplying tyres for public transport vehicles in Haryana

Pharma SMEs stock up on a month's raw material amid supply disruptions

The lockdown in various Chinese provinces, including Shanghai, is likely to delay shipments by two weeks to a month, said domestic players.

Group buying start-up Citymall raises $75 mn in Series C funding round

It is the company's third fundraise in 18 months, bringing the total capital raised to $110 million.

ONGC OFS subscribed 1.6 times; will be open to retail investors on Thursday

Unsubscribed shares in retail category, if any, will be allotted to non-retail investors

Citi deal can perk up Axis Bank's prospects, but there are challenges too

Cheaper-than-expected valuation for the above-average customer franchise is positive; extracting synergies, smooth integration among key challenges

'Paytm got customers by way of cashbacks, not by rendering services'

Puri said unlike a bank, which books revenues for offering its services and reports profit, Paytm has garnered its millions of customers by offering cashbacks

Honda India Power forays into marine outboard business

Honda India Power Products announced its foray into the marine outboard business and aims to corner around 10 per cent market share in the 4-stroke engine segment in the first three years.

One in two consumers stuck with defective gadgets, survey shows

The items include automobiles and gadgets like smartphones, laptops, consumer electronics like television, white goods, electrical appliances, etc

Italy's Generali becomes majority shareholder in India Life JV

Generali is in the midst of a power struggle with rebel shareholders challenging the board's plan to retain Chief Executive Philippe Donnet for a new term

Hyundai, Saudi Aramco to jointly develop eco-friendly vehicle engine

Carbon neutrality can be achieved by either balancing carbon emissions with carbon removal or by cutting carbon emissions entirely

Google Pay launches Tap to Pay for UPI, in collaboration with Pine Labs

The functionality will be available to any UPI user who wants to use their NFC-enabled Android smartphone to transact using any Pine Labs Android POS terminal across the country

Future Enterprises risks turning NPA by next quarter, say banking experts

FEL, which defaulted on payments to lenders and debenture holders in the last week of March, has a 30 day-curation period

Greenko Wind Projects raises $750 mn through dollar bonds

Three-year paper priced at 5.5%

LTTS forays into Meta world, to carve out business unit for Metaverse

Amit Chadha, who completes a year at the helm of the company, last year had called out six big bets and changed the narrative of the company's focus

Lenders restructure Jain Irrigation's debt worth Rs 3,878 cr

The debt recast covered aspect like converting about 40 per cent of the total debt into long term non-convertible debentures at an interest rate of 0.01%

TPG subscribes to 37.5 mn shares in Tata Passenger Electric Mobility

TPG Rise Climate along with co-investors would secure between 11-15 per cent stake in the new subsidiary

You can now listen to WhatsApp voice messages before hitting send

Messaging platform WhatsApp announces slew of new features to make voice notes more dynamic on the platform, says seven billion voice messages are sent on platform every day

Citi joins foreign banks scaling down India ops under global strategy

Likewise, Merril Lynch, Barclays and Standard Chartered scaled down their operations in 2015

Competition Commission officials visit Ceat office for 'routine enquiry'

The spokesperson further said, "We categorically deny any wrongdoing in our conduct of business"

Tata Steel to acquire SFML's ferro alloy assets in Odisha for Rs 155 crore

The acquisition will be completed within two months from the date of execution of the asset transfer agreement, the company said