Page 2290 - Company News

Fintech start-up slice turns India's 41st unicorn in 2021, raises $220 mn

slice issues prepaid visa cards with a credit line that allows users to get credit card-like benefits as well as build their credit score.

Amazon asks CCI to revoke $3.4-billion Future-RIL deal approval

The e-commerce firm has said the CCI Approval for the Impugned Transaction was "illegally obtained" and is a nullity in the eyes of law

CCI won't be intimidated by the arrogance of Amazon, says Future Retail

Company says US e-com major showed disregard to Indian law by walking out of CCI proceedings

Visa complains to US govt about India backing for local rival RuPay

Mastercard Inc has raised similar concerns privately with the USTR

Monetisation, vendor base expansion key themes of first Paytm earnings call

Revenue from operations up 64% YoY to Rs 1,090 crore in Q2FY22, driven by 52% growth in non-UPI payment volumes and over 3x in financial services and other revenue; net loss widens 11% to Rs 432 cr

Jio announces up to 21% hike in mobile services tariffs from December 1

The new unlimited plans will go-live on December 1, 2021, and can be opted from existing touchpoints and channels

Why Rakesh Jhunjhunwala's Akasa Air could prove the sceptics wrong

Competitive aircraft costs would be one major advantage for Akasa

Amazon officials tried to browbeat CCI by walking out of hearing: FRL

Future said it believes the CCI will not be intimidated by Amazon's arrogance, and will take action on its show cause notice against Amazon in accordance with law and rules

Religare Finvest debt recast at final stages; NBFC to reboot in January

The company has been in financial distress due to alleged misappropriation of funds by erstwhile promoters Shivinder Singh and his brother Malvinder Singh

LIC Mutual Fund looks to take cumulative AUM to Rs 25,000 cr by March

It hopes to double its recently launched equity fund to Rs 2,000 crore by the end of December and close the fiscal year

FMCG market to taper down further due to high base effect: Report

The Fast Moving Consumer Goods (FMCG) market will see further tapering down and decline in volumes, especially in the in-home consumption category due to a higher base effect

Supply of coal by CIL to power sector rises 23% in April-October

The dispatch of coal to the power sector by state-owned CIL rose 22.7 per cent to 291.72 million tonne (MT) in the first seven months of the ongoing fiscal year

ED summons Amazon to probe Future Coupons investment, says report

Amazon, which is trying to block Asia's richest man Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other firms

Scooter rental startup Bounce partners with Park+ for battery swap infra

Electric scooter rental startup Bounce announced its collaboration with parking solution platform Park+ for setting up battery swapping infrastructure at more than 3,500 locations

Airtel withdraws extra data benefit in-app coupons on certain packs

Airtel has withdrawn certain data benefit coupons it was offering through its app on some of the prepaid plans

Apple becomes largest smartphone brand in China in Oct 2021, surpasses Vivo

Tech giant Apple has surpassed smartphone brand Vivo to emerge as the largest smartphone vendor in China in October 2021, says a report.

WhatsApp wins approval to double payments offering to 40 mn users in India

The company had requested that there should be no cap on users of its payment service in India

Colgate-Palmolive launches toothbrush made of recycled plastic

Colgate-Palmolive has introduced a sustainable innovation to the oral care industry with launching of 100 per cent recycled plastic handle toothbrush.

Former SBI chairman Rajnish Kumar joins Hero MotoCorp board

It has also appointed marketing strategist and entrepreneur Vasudha Dinodia on the board as an independent director, Hero MotoCorp said

Godrej Properties to develop 1.5 mn sq ft project in Bengaluru

Godrej Properties' sales bookings rose 18 per cent to Rs 3,072 crore during the April-September 2021 period