Page 2196 - Company News

India Inc staring at 'integrity crisis', management ought to act: Survey

India Inc is staring at an "integrity crisis" in the second year of the pandemic, a survey done by a consultancy firm has revealed.

Q3 report card: Mid-cap IT services companies outdo large peers

These players also have managed the supply-side constraints

Devas Multimedia shareholders to continue seizing Indian assets abroad

hareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect $1.2 billion

Sebi asks PFS to file action taken report on governance within four weeks

CARE Ratings monitoring developments at PFS

Supertech says advance payment made to firm for Noida twin tower demolition

Supertech said it has signed a pact with Edifice Engineering, and an advance payment has been made to it for demolition of illegal twin towers in Noida, in compliance with Supreme Court order.

Blackstone invests over Rs 50 cr to redevelop a mile road stretch in Mumbai

The one mile area has safer pedestrian pathways and community spaces for residents, said the PE major that owns and manages assets worth over USF 60 billion in India

Jaypee Infra: Suraksha group expects NCLT nod by March through IBC

Suraksha group said the company expects to get the approval of the NCLT by March to acquire Jaypee Infratech Ltd (JIL) through insolvency process and complete around 20,000 flats for homebuyers

Amazon confirms Samara Cap to invest Rs 7,000 cr in FRL to acquire assets

Amazon has written to independent directors of Future Retail Ltd, confirming that Samara Capital 'remains interested and committed' to invest Rs 7,000 crore for buying all retail assets of company

TCS aims double-digit growth in Canada as demand for digitisation rises

TCS is aiming for a high double-digit growth in revenues from Canada in the next few years as country's economy grows and digitisation becomes an essential aspect, a senior official has said.

Vedanta's Anil Agarwal to set up $10 bn fund to scout for govt assets

The idea is to create a fund with a 10-year life span that will use a private equity-type strategy, buying into companies and boosting their profitability before seeking an exit

HDFC Capital raises nearly $1.8 bn fund for affordable housing financing

HDFC Capital, a wholly-owned subsidiary of HDFC Ltd, has achieved the initial close of its third fund of $1.88 billion (about Rs 13,500 cr) focused on affordable housing.

Tata Motors expects growth momentum to continue, to ramp up production

Tata Motors expects its growth momentum to continue this year as well as anticipates supply side issues to improve, helping it roll out more units to cater to the enhanced demand

Mobikwik expects to double revenue this fiscal, stays cautious on IPO

IPO-bound fintech firm Mobikwik is expecting to close the current financial year with 100 per cent revenue growth, a top company official said.

Tech giant Google lands in trouble over 'Deceptive' Pixel 4 radio ads

Tech giant Google has reportedly landed in legal trouble over 'Deceptive' Pixel 4 radio advertising.

Crypto.com users not able to access accounts after $34 mn hack

Several users complained about issues with logging back to their accounts on Crypto.com after the platform was hit by a $34 million hack

Facebook declined to spin-off its Workplace app as $1 bn unicorn

Facebook (before it was rebrandeded as Meta) was approached by venture capitalists to spin off its Workplace app and make it a new company valued at over $1 billion. But Facebook declined.

Germany's Lufthansa to buy 40% stake in Alitalia's successor ITA: Report

Germany's Lufthansa is set to buy a 40% stake in state-owned Alitalia's successor ITA Airways and a deal could be unveiled next week

CEO Parag Agrawal shakes up Twitter security team; 2 senior execs leave

Staff changes follow 'assessment of how the organization was being led,' according to a memo from the new CEO.

Witnessing gradual recovery in CV segment demand, says Tata Motors

Notably, the segment went through a major downturn during the peak of the Covid-19 pandemic

Willing to accept Amazon's proposal, but under certain conditions: FRL

Future Retail is required to pay its lenders Rs 3,500 crore by January 29, 2022 and it has asked Amazon to confirm its willingness to pay the amount by Monday