Page 2204 - Company News
Meta appoints Meghna Apparao as e-commerce director for India market
Meta (formerly Facebook) on Tuesday appointed Meghna Apparao as the Director of e-commerce in India to lead the strategy and solutioning that is focused on the company's e-commerce advertisers.
 "Meta appoints Meghna Apparao as e-commerce director for India market")
Reliance Retail buys 54% stake in robotics startup Addverb for $132 mn
Addverb Technologies co-founder and CEO says that the company will continue to operate independently and will use the funds received from Reliance to expand business overseas as well as set up
 "Reliance Retail buys 54% stake in robotics startup Addverb for $132 mn")
Dixon, boAt form 50:50 JV to manufacture Bluetooth enabled audio devices
Electronics manufacturing firm Dixon Technologies and Imagine Marketing -- the parent company of earwear brand boat -- have formed a 50:50 joint venture to manufacture Bluetooth enabled audio devices.
 "Dixon, boAt form 50:50 JV to manufacture Bluetooth enabled audio devices")
Arya.ag's valuation crosses $300 million after Series C round
Matteo Pusineri, director of Asia Impact SA said through the pandemic, the investment firm has seen Arya transform agri-commerce across India
 "Arya.ag's valuation crosses $300 million after Series C round")
Amazon not to ban Visa credit cards in UK over 'interchange' fees
Amazon has reversed its earlier decision to ban Visa credit cards over fee issues from January 19.
 "Amazon not to ban Visa credit cards in UK over 'interchange' fees")
Qarmatek raises $3 mn in funding round led by GVFL and Caspian Debt
In the preliminary stage, the funds will be utilised towards expanding and digitising operational capabilities, to scale across key domestic markets and to foray into B2C operations with MOBEX
 "Qarmatek raises $3 mn in funding round led by GVFL and Caspian Debt")
BlackRock's Fink defends push for companies to value more than profits
Fink built on themes he has sounded in previous January missives to other CEOs, calling on them to find a purpose and to take account of issues like climate change
 "BlackRock's Fink defends push for companies to value more than profits")
Creator economy start-up AppX raises $1.3 mn in YCombinator-led round
Company aims to support creators in making a regular source of income every month by selling products to their fan base.
 "Creator economy start-up AppX raises $1.3 mn in YCombinator-led round")
Starbucks expands delivery services in China with Meituan tie-up
The move will expand the U.S. coffee chain's delivery footprint in China, which has since 2018 used Alibaba Group's Ele.me as its exclusive delivery partner
 "Starbucks expands delivery services in China with Meituan tie-up")
After flying start, Stellantis must tackle rival Tesla and China
Fixing its business in China and overcapacity in Europe are just two areas where analysts want to see Stellantis making progress
 "After flying start, Stellantis must tackle rival Tesla and China")
LIC listing: Inside the all-out campaign to prepare India's biggest IPO
A knock-out debut could see state-owned insurer raise as much as $10 billion from the IPO. It would burnish Prime Minister Narendra Modi's reputation as a reformer.
 "LIC listing: Inside the all-out campaign to prepare India's biggest IPO")
Jhunjhunwala the biggest draw as investors line up to board Akasa
The interest from multiple backers in Akasa comes at a time when airlines, hit by two consecutive years of the pandemic, are scouring for funds
 "Jhunjhunwala the biggest draw as investors line up to board Akasa")
Oyo Hotels targets $9-billion valuation in IPO; may get Sebi nod soon
The SoftBank Group-backed start-up is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year
 "Oyo Hotels targets $9-billion valuation in IPO; may get Sebi nod soon")
Metro Brands, MapmyIndia stocks shrug off anchor selling to set new highs
Analysts said the allotment made to anchor investors by these two companies was relatively low which helped prevent any intensive selling pressure
 "Metro Brands, MapmyIndia stocks shrug off anchor selling to set new highs")
Margin headwinds may cap upsides for HCL Tech despite strong top line show
What works in favour are strong revenue growth, deal wins and attractive valuations
 "Margin headwinds may cap upsides for HCL Tech despite strong top line show")
Enter into a contract with firm to demolish twin-towers in a week: SC
The NOIDA authority informed the bench that it has finalised the company Edifice Engineering for demolishing the twin towers in consultation with the Central Building Research Institute (CBRI)
 "Enter into a contract with firm to demolish twin-towers in a week: SC")
Lenders to troubled Ballarpur Industries to meet on January 18
The company's net worth is negative as on the reporting date, and it continues to incur heavy losses
 "Lenders to troubled Ballarpur Industries to meet on January 18")
'Fraud of huge size': SC upholds winding up of Devas Multimedia
A bench of Justices Hemant Gupta and V Ramasubramanian dismissed the appeal filed by Devas Multimedia
 "'Fraud of huge size': SC upholds winding up of Devas Multimedia")
Govt gets Rs 6,651 cr interim dividend from 12 PSUs, Power Grid tops table
Centre's dividend target for FY22 is Rs 50,028 crore; so far it has received Rs 46,587 crore as dividend including these recent transfers
 "Govt gets Rs 6,651 cr interim dividend from 12 PSUs, Power Grid tops table")
NTPC to raise $750 mn via ECB term loan for expansion in RE, coal mining
The loan shall be unsecured, without any guarantee or letter of comfort from Govt of India
 "NTPC to raise $750 mn via ECB term loan for expansion in RE, coal mining")