Page 2103 - Company News

Singapore-based e-commerce platform Shopee shuts India operations

The official reason given by Singapore-based e-commerce platform Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments

Aurobindo Pharma acquires Veritaz' domestic business for Rs 171 cr

Move marks Aurobindo's increasing focus on Indian market

Tata Capital Healthcare Fund II receives commitments worth Rs 955 cr

This is a follow-up to the Tata Capital Healthcare Fund I, which had raised Rs 411 crore in 2012

Reliance Jio announces Rs 259 monthly prepaid recharge plan: Details here

The new Reliance Jio 259 recharge plan is available to both new and existing users through all online and offline channels

Adani Group selects Google Cloud to modernise IT ops for future scale

"Our continued collaboration will spearhead new digital platforms that will have a transformative impact," Kurian added

Sebi directs Ruchi Soya to allow FPO investors to withdraw bids

Circulation of unsolicited SMSes advertising the issue violates regulations, says the market regulator; Sebi orders a 3-day window for all investors (ex-anchor Investors) to withdraw applications

SAT sets aside Rs 1-cr penalty imposed on Brickwork Ratings by Sebi

The tribunal reduced the penalty to Rs 10 lakh and held certain findings in Sebi's order cannot be sustained.

Gold jeweller Joyalukkas India files IPO papers to raise Rs 2,300 cr

At present, the company generates over 90 per cent of its revenues from southern states.

Assam govt acquires Hindustan Paper Corp's two defunct mills for Rs 375 cr

The Assam government on Monday announced that it has acquired PSU Hindustan Paper Corp's (HPC) two defunct paper mills in the state for Rs 375 crore.

Ola, Uber among six companies to apply for aggregator licenses in MMR

Three RTOs in Mumbai Metropolitan Region have received ten applications from six companies, including Ola and Uber, for the aggregator license as per the provisions officials said on Monday.

Major rollout of 5G service only in FY24, Airtel tells investors

The Airtel management indicated this at an investor meet last week.

Sebi penalises erstwhile Essar Steel India for disclosure lapses

In a 35-page order, Sebi has imposed a fine of Rs 2 lakh on Essar Steel India Pvt Ltd for the disclosure lapses

ED attaches assets of Educomp group company in money laundering case

Assets worth Rs 90.31 crore of a Gurugram-based Educomp Group company have been attached under the anti-money laundering law in connection with an alleged bank loan fraud case, ED said on Monday.

Indiabulls Housing Finance to raise Rs 50,000-cr growth capital in FY23

The board has passed an enabling provision allowing the company to raise up to Rs 50,000 crore

Facing many challenges in India, but committed to support customers: Huawei

Chinese telecom gear maker Huawei on Monday said that it has been facing multiple challenges in India, but is committed to support customers in the country.

Significant headroom for ARPUs to rise: Airtel asserts at analyst meet

Telecom operator Bharti Airtel's management has affirmed ambitions of Rs 300 ARPU with further tariff hikes and continued 'premiumisation' during a recent analyst meet, according to multiple reports

Startup chutzpah: Newbie scooter maker Ola leads India's EV race

Ola Electric Mobility Pvt., a Bengaluru-based startup, will get state support to manufacture EV batteries that can store a total of 20 gigawatt-hours of power, the government said on March 24

Allegations made in NCLT petition downright untruthful: Max Group Chairman

Analjit Singh refuted the allegations made against him by his wife Neelu Analjit Singh in a petition filed before the NCLT

Sudarshan Chemical Industries to raise up to Rs 200 cr through debentures

Sudarshan started manufacturing pigments in 1952

Godrej Appliances ropes in Ayushmann Khurrana as brand ambassador

This is in alignment with the brand's vision of becoming India's most preferred appliances brand, a statement said