Page 2138 - Company News
Rakesh Sharma reappointed as MD&CEO of IDBI Bank for a period of 3 years
Rakesh Sharma's reappointment as the MD&CEO of IDBI bank has received the banking regulator, Reserve Bank of India's (RBI) nod.
 "Rakesh Sharma reappointed as MD&CEO of IDBI Bank for a period of 3 years")
BharatPe investors turn down Grover offer to sell stake for Rs 4k crore
A final decision on Ashneer Grover's fate at BharatPe may be taken by the investors and the board after the audit report is presented
 "BharatPe investors turn down Grover offer to sell stake for Rs 4k crore")
Airtel acquires strategic stake in blockchain technology startup Aqilliz
Telecom major Bharti Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz, a 'Blockchain as a Service Company'.
 "Airtel acquires strategic stake in blockchain technology startup Aqilliz")
Cadila Healthcare changes name to Zydus Lifesciences Limited
Unveils 'innovation and care' centric corporate brand identity
 "Cadila Healthcare changes name to Zydus Lifesciences Limited")
Boeing, Airbus in talks for multi-jet order from Air India: Report
The planemaker is in constant talks with current and prospective customers concerning fleet requirements
 "Boeing, Airbus in talks for multi-jet order from Air India: Report")
India refunds Rs 7,900 cr to Cairn to settle retro tax dispute
The government initially refused to honour the award but in August 2021 brought a law to scrap all retrospective tax demands and refund money collected but without any interest or penalty
 "India refunds Rs 7,900 cr to Cairn to settle retro tax dispute")
Renewable energy company Greenko plans to raise $500 mn to rejig debt
The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility
 "Renewable energy company Greenko plans to raise $500 mn to rejig debt")
The unravelling of Ashneer Grover's fortunes: A blow-by-blow account
Murmurs of a toxic work culture at BharatPe grew louder in the wake of its co-founder's personal behaviour
Unity SFB not affected by BharatPe tussle: Centrum Capital's Jaspal Bindra
Jaspal Bindra says Centrum's partnership is with funds like Sequoia, not Grovers
 "Unity SFB not affected by BharatPe tussle: Centrum Capital's Jaspal Bindra")
Irdai wants insurers at par with banks on legal recourse for surety bonds
The finance minister in her Budget speech this year had said that surety bonds can be used as a substitute for bank guarantees for government procurement
 "Irdai wants insurers at par with banks on legal recourse for surety bonds")
Global community can tap India's Covid vaccine capacity, say firms
Bharat Biotech MD Krishna Ella said India now has four BSL-4 containment facilities, equal to that of the UK.
 "Global community can tap India's Covid vaccine capacity, say firms")
IFCI approves allotment of preferential shares to govt to raise Rs 100 cr
The decision was taken at extraordinary general meeting (EGM) of the shareholders of the company, IFCI said in a regulatory filing
 "IFCI approves allotment of preferential shares to govt to raise Rs 100 cr")
IT, oil & gas producers among few hedges amid global market turmoil
Metals and pharma stocks too stand to gain, but higher input costs and supply chain disruptions are potential headwinds
 "IT, oil & gas producers among few hedges amid global market turmoil")
Voda Idea, A5G Networks team up on industry 4.0, smart mobile edge network
The two companies have jointly set up a pilot private network in Mumbai utilising existing 4G spectrum, according to a statement
 "Voda Idea, A5G Networks team up on industry 4.0, smart mobile edge network")
British retailer Marks & Spencer launches homeware collection in India
The company is targeting urban consumers through its homeware collection, said Marks & Spencer Reliance India Managing Director James Munson
 "British retailer Marks & Spencer launches homeware collection in India")
MMTC-PAMP aims at Rs 1,000-crore revenue from eastern region in 5 year
With the launch of the Kolkata unit, the company now has 14 stores across the country
 "MMTC-PAMP aims at Rs 1,000-crore revenue from eastern region in 5 year")
Budget carrier IndiGo partners with MakeMyTrip for holiday offerings
IndiGo said it will use its extensive flights inventory across the network in conjunction with MakeMyTrip's vast inventory of hotels and activities, to offer holiday packages under 6E Holidays
 "Budget carrier IndiGo partners with MakeMyTrip for holiday offerings")
CIL looking to offer over 100 closed, discontinued mines to private sector
'The Ministry of Coal held a stakeholder consultation on revenue sharing model for discontinued/closed mines of CIL here today with the private sector,' the statement said
 "CIL looking to offer over 100 closed, discontinued mines to private sector")
NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant
State-owned NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years.
 "NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant")
IndiGo partners with MakeMyTrip for domestic and overseas packages
IndiGo said it will use its extensive flights inventory across the network in conjunction with MakeMyTrip's vast inventory of hotels and activities, to offer holiday packages under 6E Holidays
 "IndiGo partners with MakeMyTrip for domestic and overseas packages")