Page 2172 - Company News
SC denies nod to Amazon to file written note in case filed by Future Retail
The bench rejected the submissions saying that the argument seemed to be that the oral submissions have to be given in writing as well
 "SC denies nod to Amazon to file written note in case filed by Future Retail")
Bharti Airtel board approves raising up to Rs 7,500 cr via debt instruments
The company's board approved issuance of non-convertible debt securities, including debentures, bonds to raise Rs 7,500 cr
 "Bharti Airtel board approves raising up to Rs 7,500 cr via debt instruments")
Domestic air passenger traffic falls 43% to 6.4 mn in January: Icra
The rating agency said it is expecting the recovery process to remain subdued during March quarter and that the jet fuel prices continue to be a drag on the sector
 "Domestic air passenger traffic falls 43% to 6.4 mn in January: Icra")
Ethereum platform Polygon raises $450 mn in funding led by Sequoia Capital
Other who participated in the round were SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital and others
 "Ethereum platform Polygon raises $450 mn in funding led by Sequoia Capital")
Anushka Sharma and Virat Kohli invest in vegan meat start-up Blue Tribe
The company's products contain pea, soybean, lentils, grains, and other vegetarian ingredients that mechanically extract proteins, vitamins, and other nutrients
 "Anushka Sharma and Virat Kohli invest in vegan meat start-up Blue Tribe")
Pharma company Abbott ties up with health tech firms for diabetes care
Abbott on Tuesday said it has tied up with health-tech firms like BeatO, Sugar.fit, PharmEasy, GOQii, 1MG and Zyla for diabetes care
 "Pharma company Abbott ties up with health tech firms for diabetes care")
Wockhardt gets CDSCO approval to export Russian Covid vaccine Sputnik
The approval is for the export of up to 8 crore doses of Sputnik Light and up to 2 crore doses of Sputnik V Component I vaccines, Wockhardt Ltd said in a regulatory filing
 "Wockhardt gets CDSCO approval to export Russian Covid vaccine Sputnik")
Zerodha's Kamath leads $4 mn-fundraise by marketing tech platform Kofluence
Influencer marketing platform Kofluence on Tuesday said it has raised $4 million (about Rs 30 crore) in funding led by discount brokerage Zerodha's co-founder Nikhil Kamath.
 "Zerodha's Kamath leads $4 mn-fundraise by marketing tech platform Kofluence")
SBI-backed Cashfree Payments records 48% growth in net profit to in FY21
Last year, banking giant SBI was reported to have invested an undisclosed sum in the fintech start-up at a valuation of $200 million
 "SBI-backed Cashfree Payments records 48% growth in net profit to in FY21")
RBI extends restrictions on Karnataka's Millath Co-Operative Bank till May
As per the directions issued first on May 10, 2019, withdrawals were capped at Rs 1,000 from any account. The directions have been periodically extended till now.
 "RBI extends restrictions on Karnataka's Millath Co-Operative Bank till May")
Urban demand returning, but rural under stress: Tata Consumer MD & CEO
Tata Consumer plans to expand its reach in rural areas by increasing the number of outlets to 1.3 million by the end of financial year 2021-22 (FY22)
 "Urban demand returning, but rural under stress: Tata Consumer MD & CEO")
Paytm's rising buy ratings signal bottom in wake of IPO disaster
Buy recommendations on One 97 Communications Ltd., the operator of Paytm, climbed to four this week, up from just two at the start of the year
 "Paytm's rising buy ratings signal bottom in wake of IPO disaster")
EV battery giant LG Energy Solution aims to boost sales by 8% in 2022
The newly listed South Korean firm, which accounts for a fifth of the global EV battery market, swung to profit in the October-December quarter
 "EV battery giant LG Energy Solution aims to boost sales by 8% in 2022")
Ikea-backed Livspace turns unicorn with $180 million KKR-led funding
The home renovation platform is the 86th "unicorn" from India, according to Venture Intelligence Unicorn Tracker
 "Ikea-backed Livspace turns unicorn with $180 million KKR-led funding")
Coal magnate Gautam Adani surpasses Mukesh Ambani as Asia's richest person
Some of Adani Group's listed stocks have soared more than 600% in the past two years on bets his push into green energy and infrastructure will pay off.
 "Coal magnate Gautam Adani surpasses Mukesh Ambani as Asia's richest person")
Toshiba now plans to split into two, hikes shareholder return targets
Under the new restructuring, Toshiba will just split off its device business, including its power chip unit
 "Toshiba now plans to split into two, hikes shareholder return targets")
Telecom gear company Huawei gets Rs 150 cr order from Bharti Airtel
Telecom gear company Huawei has bagged an around Rs 150 crore order for maintenance of Bharti Airtel's transmission network, a source said on Monday.
 "Telecom gear company Huawei gets Rs 150 cr order from Bharti Airtel")
Boycott calls over tweet by Hyundai's Pak partner may hit company
Hyundai is India's second-largest car seller after Maruti Suzuki, and the largest car exporter in the country
 "Boycott calls over tweet by Hyundai's Pak partner may hit company")
Ujjivan SFB to raise Rs 600 cr in equity; expects to report profits in Q4
Listed entities need to have 25 per cent public holding and fresh capital will help business, says top executive.
 "Ujjivan SFB to raise Rs 600 cr in equity; expects to report profits in Q4")
Expensive valuation likely to keep Siemens stock under pressure
December quarter was mixed with steady revenue, but margins were a miss
 "Expensive valuation likely to keep Siemens stock under pressure")