Page 2287 - Company News

Will double down on India growth in next 6 months: WhatsApp Pay

WhatsApp India on Tuesday said that over the next six months, it will make significant investments regarding digital payments on its platform across the country

'Tariff hikes, relief package to help telcos invest up to Rs 1.8 trn in 5G'

Improving bottomline along with the moratorium on government dues will provide telecom companies room to invest an estimated Rs 1.5-1.8 trn for 5G services, say Crisil

Adda247 raises around $20 mn in funding round led by WestBridge Capital

Edtech platform Adda247 said it has raised around $20 million (about Rs 150 crore) in a funding round led by WestBridge Capital

Cyber Monday spending expected to slow as shoppers see fewer deals

Retailers had also spread out promotional deals across more weeks to protect profit margins from surging supply chain costs

Twitter's Parag Agrawal joins club of Indian-origin execs at global giants

Agrawal will receive an annual salary of $1 million, in addition to bonuses, restricted stock units and performance-based stock units

IMFA to invest Rs 900 crore to boost production from Odisha mines

While the company has had no major capital expenditure for the current fiscal, for FY23, it plans to set up a 100,000 tonne plant at Kaliganagar, capex for which is about Rs 550 crore

Twitter's Parag Agrawal youngest CEO in S&P 500, nudges out Zuckerberg

Agrawal, who was appointed Monday to succeed Twitter founder and CEO Jack Dorsey, is 37, the same age as Meta Platform Inc. CEO Mark Zuckerberg

Reliance's JioMart turns to WhatsApp to break Amazon grip on grocery buyers

The move comes 19 months after Meta Platforms Inc., previously known as Facebook Inc., invested nearly $6 billion into Reliance's Jio Platforms unit

Bessemer Venture Partners raises $220 mn for early-stage India investments

The company's global portfolio includes Pinterest, Shopify and in India it has funds in PharmEasy and BigBasket.

Brokerages bullish on RIL stock after Jio hikes tariff by 21%

Reliance Jio, following its peers Bharti Airtel and Vodafone Idea (Vi), hiked its prepaid tariff plans by around 20 per cent across the board (including around 21 per cent in base JioPhone level plans

Pee Safe plans to launch more than 50 retail outlets over next 12 months

The stores being planned will be franchise-owned brand exclusive stores (FOFO) and the time frame is 12 months

IndiGo renews its partnership with French hospitality group Accor

Budget carrier IndiGo on Monday said it has renewed its partnership with French hospitality group Accor.

Air India pilots warn of industrial action if pay cut not restored

The unions, which have been pressing for restoration of salary cuts, have cited resumption of scheduled international flights and rollback of pay cuts by other airlines to justify their demand.

CoinDCX, India's first crypto unicorn, plans IPO 'as soon as' govt allows

Indian regulators have gone back and forth on their stance toward the burgeoning crypto industry.

Hope for Hindalco, Nalco investors as aluminium demand may outstrip supply

Though volatile, most analysts don't expect prices to decline further

RBI supersedes Reliance Capital board, says firm to go for insolvency soon

The RBI has appointed Nageswar Rao Y, former executive director of Bank of Maharashtra, administrator of Reliance Capital

Why RBI move to supersede Reliance Capital board is par for the course

The dire financial condition of RCap is emblematic of the decline of the Anil Ambani group in the last five-six years

Reliance Infra plans series of measures to prune group debt by March

As part of the comeback plan, Reliance Infrastructure received Rs 550 crore fund infusion from the Anil Ambani family

Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr

This is the second strategic stake sale by the government after Air India

CFOs optimistic about economy, business growth in FY22: Deloitte India

According to the survey, M&A was considered as a key growth driver for FY22