Page 2105 - Company News

Top headlines: Axis acquires Citi India's retail assets; Centre hikes DA

Business Standard brings you the top headlines on Thursday

SoftBank-backed Meesho names Debdoot Mukherjee chief data scientist

The double gold medallist from IIT Delhi Mukherjee has held leadership roles at ShareChat, Hike and Myntra

Sundram Fasteners gets GM honour; to invest Rs 350 cr in advanced tech

This is the ninth time Chennai-based auto parts firm has got the recognition, and follows govt approval of its PLI application

India, China lead Asia's insurtech industry rise, says report

Mainland China-based insurtechs raised $673.7 million in 2021 and $1.42 billion in 2020.

LinkedIn forced to change global policy over job posting removal

The professional networking website faced severe criticism for excluding a job opening by the Centre for the Analysis of Freedom and Authoritarianism in Brazil.

Hero MotoCorp refutes report of false expense claims; terms it speculative

The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities

S&P lowers outlook for Jubilant Pharma to negative, sees weak performance

Operating performance may remain weak due to regulatory issues, says rating agency.

Axis Bank set to buy Citi's India consumer business: Report

In April 2021, Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy

Public interest outweighs concerns over privacy, says Truecaller CEO

50% of Truecaller's subscribers in India are women who use the service as a first line of defence against harassment, he says

Canada Pension Fund sells 0.56% stake in SBI Life for Rs 597 cr

It sold 5.58 million shares at Rs 1,068.35 apiece. Buyers included Aditya Birla Sun Life MF, Avendus, ICICI Prudential MF, Singapore's GIC and Goldman Sachs

Traction in hiring, improving real estate demand positives for Info Edge

Cash deployment and valuation upside for new business/investee firms are other triggers

IL&FS recovery likely to be Rs 61,000 crore, 62% of total debt

The resolution process of IL&FS started three and half years ago after a new management was appointed by the government

Centre to sell 1.5% stake in ONGC via OFS; may get Rs 3,000 crore

Offer includes green shoe option, opens Wednesday; retail investors can place their bids Thursday

Samsung eyes 40% share in mid to high-end smartphone mkt by year end

Leans on revamped Galaxy A-Series; current market share is upwards of 25 per cent in the Rs 20,000-45,000 segment

BSE starts search for new MD & CEO as Ashish Chauhan's term ends

Candidates are required to send their applications by April 23 and it has appointed Egon Zehnder to oversee the process.

Tata Consumer Products to recast its India and overseas businesses

The company also proposed to purchase of a 10.15 per cent minority interest in its UK subsidiary, TCP UK, from Tata Enterprise (Overseas), Switzerland, (TEO).

Electricity tariffs may rise in Mumbai on spike in global coal prices

Maharashtra power regulator had set tariff for Mumbai users for 5 years in March 2020 when Richard Bay coal prices were at $64-72 a tonne. Since then, coal prices have quadrupled

Adani Group achieves financial closure of Navi Mumbai airport project

Milestone achieved by raising Rs 12,770-crore loan from SBI

IndiGo names Gaurav Negi new CFO, expands role of strategy head

Negi takes over from Jiten Chopra who is leaving to pursue other interests; new incumbent is the third CFO at the airline in as many years

Future Enterprises defaults on Rs 19.16-crore loan repayment

The due date for payment of Rs 19.16 crore was March 28, FEL said in a regulatory filing