Page 2184 - Company News
Value of transactions on PhonePe in Q4CY21 grew 26% sequentially to $155 bn
PhonePe platform drove a cumulative 6.63 billion transactions in Q4, according to key digital payment trends from PhonePe Pulse Q4 2021
 "Value of transactions on PhonePe in Q4CY21 grew 26% sequentially to $155 bn")
Glenmark gets nod from US Food & Drug Administration for generic drug
Glenmark Pharmaceuticals on Friday said its US-based unit has received approval from the US health regulator to market Metronidazole Vaginal gel, in the American market
 "Glenmark gets nod from US Food & Drug Administration for generic drug")
Packaging products maker HSIL Ltd Q3 profit down 21% to Rs 29 crore
The company had logged a net profit of Rs 35.92 crore in October-December period a year ago, HSIL said in a BSE filing
 "Packaging products maker HSIL Ltd Q3 profit down 21% to Rs 29 crore")
L&T bags 'large' offshore contract from ONGC for pipeline project
Larsen & Toubro (L&T) on Friday said that its wholly-owned arm has bagged a large offshore contract from ONGC for the seventh development phase of their pipeline replacement projects.
 "L&T bags 'large' offshore contract from ONGC for pipeline project")
Zomato to form non-banking finance company to enter financial services biz
The proposed paid-up capital of NBFC will be Rs 3 crore, while the authorised capital is pegged at Rs 10 crore
 "Zomato to form non-banking finance company to enter financial services biz")
Manish Malhotra eyes global expansion of stores after Reliance investment
The first international brick-and-mortar outlet is likely to come up by early 2023 in the US, UK or the Middle East where the luxury brand has a huge following, Malhotra said
 "Manish Malhotra eyes global expansion of stores after Reliance investment")
Musk's SpaceX targeting to launch 52 missions this year, says report
Elon Musk-owned private rocket company SpaceX plans to launch 52 missions in 2022, a NASA safety panel revealed
 "Musk's SpaceX targeting to launch 52 missions this year, says report")
Google to invest $1 bn in Airtel in partnership for cheap smartphones, 5G
Deal includes investment of $700 million to acquire 1.28 per cent ownership in Airtel.
 "Google to invest $1 bn in Airtel in partnership for cheap smartphones, 5G")
US corporate sector congratulates Tata group on homecoming of Air India
The Tata Group on Thursday regained control of Air India, 69 years after the Mumbai-based conglomerate relinquished its stake in the airline to the Central government
 "US corporate sector congratulates Tata group on homecoming of Air India")
TVS Motor acquires 75% in largest Swiss e-bike player SEMG for $100 million
This will be the firm's second acquisition in Switzerland in e-mobility space in FY22. It took an 80% stake in EGO Movement for $17.9 mn in Sept 2021
 "TVS Motor acquires 75% in largest Swiss e-bike player SEMG for $100 million")
AUS bags Rs 15 crore project from Survey of India to map Haryana
Aarav Unmanned Systems (AUS) said it has bagged a large-scale mapping project from the Survey of India worth $2 million to map the entire state of Haryana.
 "AUS bags Rs 15 crore project from Survey of India to map Haryana")
ED arrests Karvy Group CMD Parthasarathy, CFO Hari in money laundering case
The ED case, filed under criminal provisions of PMLA, is based on multiple Telangana Police FIRs filed by HDFC Bank, few other banks and investors alleging clients' securities were illegally diverted
 "ED arrests Karvy Group CMD Parthasarathy, CFO Hari in money laundering case")
Maharaja set for take-off: Tatas get control of Air India, after 7 decades
Sources said that the Tata group plans to operate both in full service and low cost segments
 "Maharaja set for take-off: Tatas get control of Air India, after 7 decades")
Supreme Court to hear Future Retail's plea against lenders on January 31
The Kishore Biyani-led company had filed a petition, requesting the Supreme Court to pass an order to refrain its lenders from declaring it as an NPA
 "Supreme Court to hear Future Retail's plea against lenders on January 31")
Future Enterprises agrees to sell 25% stake in insurance JV to Generali
Generali has also acquired an option to buy out the company's remaining interest in FGIICL, directly or through a nominee, at an agreed valuation subject to applicable regulatory approvals.
 "Future Enterprises agrees to sell 25% stake in insurance JV to Generali")
LIC Housing Finance net profit rises 6% to Rs 767 crore in third quarter
LIC Housing Finance's (LIC HFC) net profit rose 6 per cent year-on-year (YoY) to Rs 767.33 crore in the third quarter.
 "LIC Housing Finance net profit rises 6% to Rs 767 crore in third quarter")
Indus Towers consolidated profit up 16% at Rs 1,571 crore in Q3
Telecom infrastructure company Indus Towers on Thursday posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore for December quarter 2021-22.
 "Indus Towers consolidated profit up 16% at Rs 1,571 crore in Q3")
NCLAT urges CoC rethink on Piramal ascribing Re 1 value to DHFL's bad loans
63 Moons Technologies had moved tribunal over the low valuation ascribed to assets worth Rs 40,000 cr, with DHFL lenders getting nothing if Piramal group recovered from these loans later
 "NCLAT urges CoC rethink on Piramal ascribing Re 1 value to DHFL's bad loans")
Curefoods-Maverix merger creates India's second largest cloud kitchen firm
The merger will also take Curefoods' market presence to 125 kitchens across 12 cities catering to over 10 cuisines
 "Curefoods-Maverix merger creates India's second largest cloud kitchen firm")
Airtel Africa inducted into London Stock Exchange's FTSE 100 index
Bharti Airtel on Thursday said its subsidiary Airtel Africa has been inducted into the London Stock Exchange's (LSE) FTSE 100 index.
 "Airtel Africa inducted into London Stock Exchange's FTSE 100 index")