Page 2169 - Company News

Paytm logs new record in lending business, strengthens payments leadership

Over 2.3 million devices deployed across the country as of the end of January 2022, a measure of offline payments leadership.

Nykaa's institutional investors against giving more rights to promoters

Nykaa has passed a resolution to amend its Articles of Association that allow promoters to nominate one-third of directors and the chairperson

Former Turkish Airlines chairman Ilker Ayci to pilot Air India as MD-CEO

Ilker Ayci was an advisor to Turkey President Recep Tayip Erdogan, (then mayor of Istanbul). He then served in insurance sector and became president of Turkey's national investment promotion agency

Oyo IPO: Delhi HC rejects Zostel's petition for stake in firm

The root of the dispute between IPO bound Oyo and Zostel lies in a failed buyout deal 6 years ago, which Zostel claims was binding on Oyo.

Top realtors getting into 'second homes' concept at leisure destinations

Realtors look to cash in on demand for such projects at leisure destinations

Xiaomi plans to focus on Rs 20,000-50,000 range in premium market

The Chinese company put its foot on the pedal in the 20K plus market by launching multiple phones under the Xiaomi brand name

Hiranandani Group enters consumer tech with Rs 3,500 cr investment plan

Company will focus on large opportunities in the arena of social media, entertainment, gaming and e-sports, e-commerce, personal mobility, artificial intelligence and blockchain linked solutions

Kenko Health raises $12 mn in Series A funding led by Sequoia Capital

Plans to utilise funds for acquiring customers, product development and building leadership team

Business hotels start seeing signs of recovery after protracted lull

Pent-up demand in MICE segment as firms start hosting physical events again, and easing of curbs on international travel will also help in getting closer to pre-Covid revenue levels, says industry

LIC IPO documents: Insurers' unclaimed amount crosses Rs 20,000 crore

Total was in excess of Rs 20,000 crore as of September, shows offer document data

Vedanta signs up with Foxconn to manufacture semiconductors in India

The Vedanta Group had in January shared its intent to invest $15 billion for making displays and semiconductor chips in India over the coming five years

'Fun police' force Tesla's 11th recall in US in just over three months

Elon Musk apparently isn't pleased with pressure the National Highway Traffic Safety Administration put on Tesla to conduct its 11th recall in the US in just over three months

Fully electric plane can be ready in three years: Rolls-Royce Holdings

Rolls-Royce Holdings expects a fully-electric small aircraft in three to five years, a top executive said.

Axis Bank set to buy Citigroup's India retail unit for $2.5 bn: Report

The Indian lender emerged as the buyer after beating out rivals, with factors such as job security for current Citigroup employees and competition.

Rising oil and gas prices can lead to greater gains in ONGC stock

Demand and pricing environment remains positive; any reversal in energy prices could hurt sentiment

Blackstone buys majority stake in wealth management firm ASK from Advent

Global private equity major Blackstone on Monday announced that it has acquired a majority stake in ASK Investment Managers, a nearly three-decade old asset and wealth management company managing over USD 10.6 billion in assets.

Debt marketplace CredAvenue acquires 75% stake in Spocto for Rs 400 cr

CredAvenue raised $90 mn in its Series A fundraise last year at a valuation of $410 million

Shiprocket acquires majority stake in Glaucus Supply Chain Solutions

Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions.

Yatra.com partners Cleartrip to offer wider hotel inventory to customers

Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers.

Deutsche Telekom seizes $12.7-mn AAI dues on Swiss court order

Three Devas Multimedia investors had secured seizure of AAI and Air India's dues last year. In Jan, Superior Court of Quebec in Canada set aside seizure of AAI dues, capped Air India dues at 50%