Page 2232 - Company News

Over 1 mn people made bookings with OYO for New Year celebrations: CEO

In a social media post, he said 58 per cent bookings for New Year's eve were made on same day keeping trend witnessed since December 2017 that reflected 'impulsive emotion and decision'

Agility Ventures to launch Sebi-approved Rs 450-cr fund

With AIFs (Alternative Investment Funds), it is looking at deploying Rs 75 crore this year in over 50 startups, which will also include fintech, cyber security and crypto

Equitas Holdings to divest stake in ETPL ahead of merger with Equitas SFB

Equitas Holdings Ltd will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB)

Oberoi Realty Q3 sales bookings jump 2-fold to Rs 1,965 cr

The market share of trusted real estate developers in the overall housing sales is gradually increasing as homebuyers have become risk-averse

CSB Bank MD & CEO takes early retirement on health grounds

The Board decided to constitute a search committee to identify and evaluate candidates, either internally or externally, for the position of MD & CEO

CSB Bank MD&CEO retires early, lender to set up panel to find successor

Rajendran has been holding the position of MD & CEO since December 9, 2016 and the current term is up to December 8, 2022

India climbing up the ladder of emerging tech patents, shows data

5,000 patents were filed in AI in India in the decade 2011-2020

DLF launches luxury housing project in Delhi; starting price Rs 3 crore

DLF is developing this project in partnership with Singapore sovereign wealth fund GIC

Amansa sells shares of CG Power and Industrial Solutions worth Rs 351 cr

This took the total deal value to Rs 350.83 crore

Apple's Tim Cook paid over 1,400 times the average worker in 2021

Cook, whose salary remained at $3 mn, received $82.3 mn in stock awards, $12 mn for hitting Apple's targets and $1.4 mn for air travel, 401(k) plan, insurance premiums and others

Hinduja Group's £1.2 billion old war office project is making waves

OWO was once the heartbeat of UK's defence ministry & later an oft-featured building in Bond films

Airtel to pay interest on deferred liabilities to govt, not to issue equity

The company informed the DoT that it will not avail the option of conversion of interest on deferred spectrum and AGR dues into equity.

Payment service provider PayU's SMB vertical sees 70% jump in revenues

In September last year, PayU agreed to acquire payments gateway BillDesk in an all-cash transaction of $4.7 billion

KKR, PAG vie for Apollo arm's call-centre business in India

Aion plans to seek final bids for the business next month

Morris Coin scam: At least 1.1 million investors may have been cheated

The companies that were raided include Bengaluru-based Long Rich Technologies, Longrich Global, and Morris Trading Solutions, among others

Steel firms roll over prices in January after steep correction in December

The rationale for prices to hold rests on a bunch of factors. Indian prices while similar to import price parity were still among the lowest prices globally, companies point out

JSW Steel to invest Rs 15,000 crore in 5 mn tonne capex at Vijaynagar works

Analysts see capex value accretive; in line with country's consumption growth outlook

Life insurers' new biz premium flat in Dec, but rises 10.5% in Q3

In Q3 of FY22, insurers earned NBP to the tune of Rs 73,249.97 crore

AI & Computer Vision platform Avatar raises $45mn in Tiger Global-led round

The Series B round saw co-participation from existing investor Sequoia Capital India. The financing is one of the largest fundraising rounds in the Applied 3D/AR space

Spandana Sphoorty seeks forbearance and a waiver from its lenders

The company suffered a loss of Rs 58.87 crore in the September quarter (Q2FY22) on a sharp rise in impairments and other provisions