Page 2286 - Company News

Paytm GMV more than doubles to Rs 1.66 trn in Oct-Nov 2021 period

Paytm reported over two-fold rise in its gross merchandise value to about Rs 1,66,600 crore in the first two months of the third quarter of this fiscal, driven by sharp uptick in loan disbursals

Vietnam's Masan eyes international IPO for retail unit in 2023-2024

Vietnamese conglomerate Masan said on Monday it was considering launching an international initial public offering for its consumer retail unit The CrownX in 2023-2024

Maruti Suzuki Celerio emerges younger, nattier as an entry-level city car

The new Celerio is wider and taller than the earlier version by 55 mm

Realme overtakes Samsung, grabs second spot in smartphone market

Realme is also making strides in global markets. It is available in over 60 markets across the world

Hotels hope to jingle all the way to New Year amid Omicron fear

Average daily rates at leisure sites breach pre-Covid levels, say industry executives

Franklin Templeton MF unitholders to get Rs 985 cr in eighth tranche

A total of Rs 25,114 crore has been distributed across 6 schemes under winding up

Premiumisation strategic priority, to launch brands from Heineken: UBL

Premiumization of the beer market is a "strategic priority" for United Breweries Ltd (UBL) and the company has plans to introduce brands from the global portfolio of Heineken, the Dutch multinational, which now owns a majority stake, said a top company official.

Lupin recalls 4,113 cartons of oral contraceptive medicine in US market

Homegrown drug maker Lupin is recalling 4,113 cartons of generic oral contraceptive tablets in the US, the world's largest market for medicines, due to manufacturing issues.

Examining scope for India launch of 50-yr-old Jimny brand: Maruti Suzuki

The auto major currently manufactures three-door Jimny at its Gurugram plant and exports to Middle East and African markets.

Urban Company's valuation rises to $2.8 billion in 4th ESOP sale programme

The ESOPs sold in this transaction have largely been purchased by existing institutional investors of the company.

Byju's 13th most valued unicorn, first Indian start-up to reach $21-bn

India could surely have had more $10 billion plus start-ups in 2021 had it not been for the pandemic

Capgemini seeing BFSI's IT spend gaining traction, says CEO Anirban Bose

Financial services grew 5.4 per cent on a constant currency basis.

Bounce plans to raise $200 mn to scale up its electric vehicle business

Bengaluru-based firm's vision is to make EV mainstream in India and sell at least 2 mn scooters on an annual basis in next few years

Tata AIG to vie for Indian conglomerate's airline insurance business

Air India is insuring its fleet at a premium of Rs 118 crore in fiscal 2021 on a standalone basis.

Reliance, partner looking to buy bankrupt textile company Sintex

Reliance is partnering with Assets Care & Reconstruction Enterprise Ltd. to bid for the company under a court-appointed bankruptcy resolution process, Sintex said in a filing on Sunday

Volkswagen expects to double pre-owned car sales to 20,000 units this year

Volkswagen entered the used car market in 2012

Allcargo group firm Gati Ltd looks to become Rs 3,000-cr company in 3 years

It has identified three areas, including talent acquisition and building infrastructure, to achieve the target

Bank of Maharashtra lowers home loan rate to all-time low of 6.4%

The new rates would be effective from December 13, it said

Shanghai Tesla plant rolls out 400,000 vehicles in first 11 months of 2021

Deliveries at Tesla's Shanghai Gigafactory came in at 413,283 vehicles in the first 11 months of this year

Fino Payments Bank eyes 30-35% long-term revenue growth: MD Rishi Gupta

Gupta said Fino is a very differentiated payments bank compared to other fintech players in the market.