Page 2272 - Company News

Sequoia Capital sees Indian financial firms' value soar to $2.5 trillion

Valuations for India's fintech companies should jump 10 times to $500 billion by 2030

Ujjivan SFB raises interest rates by 50-75 bps on FDs up to Rs 2 crore

For depositors aged under 60, the bank is offering 6.5% for a 12 months tenure, and 6.6% for 19-24 months; seniors get an additional 75 bps across tenures

PDD signs power purchase agreement with SECI for solar project in Leh

The PPA was signed between chief engineer, PDD Ladakh, Ghulam Ahmad Mir and Senior Manager (Projects), SECI, Debajyoti Bordoloi

Bajaj Electricals to review corporate structure for better opportunities

The company is currently engaged in the business of consumer products and engineering procurement and construction segment

Cloud related roles take up 10% of total jobs: Monster

The cloud market in India is expanding and expected to grow 26% by the end of 2022.

MG Motor India to drive in electric vehicle at Rs 10-15 lakh by next fiscal

At present, the company sells electric SUV 'ZS EV' which is available in two variants

Top Internet restaurant firm Rebel Foods hires ex-Amazon exec as global COO

Prakash Dutta, alumnus of Birla Institute of Technology, had built, scaled and headed Amazon India's operations for over six years

Ex-Religare CEO sent to judicial custody in connection with fund siphoning

A Delhi court sent Krishnan Subramanian to judicial custody for four days in connection with the alleged siphoning of public money to the tune of Rs 2397 crore of Religare Finvest Limited (RFL).

Myntra festive sale eyes 60 mn visitors, is ready for 15K orders a minute

Aix-day event is slated to cater to fashion, beauty and lifestyle needs of over 4 mn unique customers with the demand expected to rise by 2.5x of BAU (business-as-usual) days

Bond holders clear RCap subsidiary Reliance Commercial's revival plan

Plan had been okayed by ICA lenders, awaited non-ICA lenders' nod. Delay was due to Sebi circular on voting by debenture holders. RCFL owes Rs 9,000 cr to lenders

Ind-Ra to disclose more ESG notes on ratings from January 2022

These disclosures will be part of rating action commentaries for all entities having listed securities, says the rating agency

Realme all set to take on top players, eyes top spot in mobile mkt by '22

Company accounts for 15% of market share, behind Xiaomi and Samsung

Keep hands off USO fund, it's our money: Telecom firms to satellite players

The USO fund was set up by the government in 2003 to provide a subsidy for inclusive communication growth.

5G testbed likely to be rolled out in early January: Telecom Secretary

The government is planning to roll out 5G testbed in early January to enable small and medium enterprises and other industry players to test their solutions on a working platform

Barclays to step up strategic hiring across Asia, focus on India and China

Barclays Plc plans to make key hires in investment banking and wealth management across Asia next yea

Affordable spectrum a must for 5G services, says Vodafone-Idea CEO

Currently 5G trials are underway and the govt hopes to hold a spectrum auction by April-May 2022; TRAI has also initiated a consultation exercise on the issue of 5G spectrum

Despite positive news flow, analysts still cautious on Voda Idea stock

Vodafone Idea's market share loss, according to reports, has continued in the first half of fiscal 2021-22 (H1-FY22) though the pace of market share loss has moderated

Domestic growth trajectory in key areas to remain strong for Torrent Pharma

More gains for the stock will depend on the recovery in the US market

BPCL, Bina Refinery merger plan gets DIPAM go-ahead

The merger is likely to bring synergy in terms of raising the operational and financial efficiency of BPCL, including crude oil procurement, and the working capital requirements

Top 500 Indian firms added $1.2 trn wealth so far in CY21: Hurun report

This comes on the back of record highs in the stock markets, caused by a fast-growing digital economy and greater optimism for the post-Covid growth trajectory of the Indian economy