Page 2344 - Company News
How OYO's pivot to revenue share helped it survive the Covid-19 pandemic
In spite of suffering setbacks in some markets like China and Japan, OYO has been successful in growing its business to more than 157,000 hotels and homestays
 "How OYO's pivot to revenue share helped it survive the Covid-19 pandemic")
Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue
Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore
 "Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue")
PhonePe's 'SafeCard' tokenisation solution to help users meet RBI norms
The enterprise will also be creating simplified APIs for its online merchants to enable tokenisation with minimal effort
PhonePe's 'SafeCard' tokenisation solution to help users meet RBI norms
The enterprise will also be creating simplified APIs for its online merchants to enable tokenisation with minimal effort
 "PhonePe's 'SafeCard' tokenisation solution to help users meet RBI norms")
Oracle to double down on India as key growth market in 2022
India was one of the first few countries where Oracle opened two local, next-generation cloud regions (Mumbai and Hyderabad) in quick succession
 "Oracle to double down on India as key growth market in 2022")
Godrej Properties Q2 profit jumps 5-fold: sales bookings hiked 2-fold
Total income rose to Rs 334.22 crore in the second quarter of this fiscal from Rs 250.23 crore in the corresponding period of the previous year, according to a regulatory filing.
 "Godrej Properties Q2 profit jumps 5-fold: sales bookings hiked 2-fold")
Warren Buffett, Goldman Sachs win from fintech gold rush in India
India's digital transactions are expected by PricewaterhouseCoopers to touch $3 trillion by March 2025 from more than $1.3 trillion now
 "Warren Buffett, Goldman Sachs win from fintech gold rush in India")
Facebook denies Kazakh claim of exclusive access to content reporting
In a joint statement with Facebook, the Kazakh government had touted the move as a compromise solution on Monday, after the Central Asian nation threatened to block FB for millions of local users.
 "Facebook denies Kazakh claim of exclusive access to content reporting")
SoftBank leads $93 million investment in NFT gaming firm the Sandbox
The latest fund raising came a little over a year after its last round, as the company saw fast growth in monthly active users and crossed $144 million in transaction volume on the platform.
 "SoftBank leads $93 million investment in NFT gaming firm the Sandbox")
EV startup Rivian could be worth nearly as much as Honda in U.S. IPO
The startup is looking to raise up to $8.4 billion, setting it up to be the third-largest initial public offering (IPO) by funds raised in the past decade in the United States.
 "EV startup Rivian could be worth nearly as much as Honda in U.S. IPO")
Bandhan Bank gets empanelled as agency bank of Reserve Bank of India
The RBI's decision will help Bandhan Bank in contributing to nation-building, its MD and CEO Chandra Sekhar Ghosh said
 "Bandhan Bank gets empanelled as agency bank of Reserve Bank of India")
A compilation of mixed reviews from six top brokerage about JioPhone Next
Phone pricing is seen as unattractive for low-end users and bundled offers, non-disruptive. While this could slow the pace of adoption, it may spark tariff hikes in the industry, say analysts
 "A compilation of mixed reviews from six top brokerage about JioPhone Next")
Bandhan Bank: Worst over, but investors will need to have patience
A reversal in stress in microfinance and housing loan segments is crucial to improve sentiment
 "Bandhan Bank: Worst over, but investors will need to have patience")
Healthy global demand to keep UPL's sales growth trajectory strong
Despite rising debt, margin pressures, the company has maintained its FY22 guidance
 "Healthy global demand to keep UPL's sales growth trajectory strong")
Bigger & better: This Diwali, India Inc adds health and time to gifting
Additional day off, wellness products, sweets prepared touch-free - corporate gifts gets an innovative edge
 "Bigger & better: This Diwali, India Inc adds health and time to gifting")
Volvo India MD Interview: Kamal Bali on glide path to net-zero target
How does Volvo India plan to reduce emissions and achieve the net-zero target? In this exclusive interview with Jyoti Mukul, Volvo India MD Kamal Bali talks about this and more
 "Volvo India MD Interview: Kamal Bali on glide path to net-zero target")
IRCTC's net profit rises almost five-fold on higher ticketing revenue
Bookings rose from about 700,000 tickets a day pre-pandemic, to 1.3 mn currently. Even if Rail Ministry takes away half the revenue, IRCTC's bottom line won't change much, says official
 "IRCTC's net profit rises almost five-fold on higher ticketing revenue")
Elon Musk plans 200K broadband terminals in India by December 2022
Starlink expects companies - whether small, medium or big - to look at innovative ways to make the service affordable for rural consumers.
 "Elon Musk plans 200K broadband terminals in India by December 2022")
HDFC Ltd's Sept qtr net up 32% to Rs 3,780 cr on spike in dividend income
The lender's revenue from operations rose 4% YoY to Rs 12,216 crore in the reporting quarter while NII was up 13% to Rs 4,109 crore in Q2
 "HDFC Ltd's Sept qtr net up 32% to Rs 3,780 cr on spike in dividend income")
Govt asks ONGC to give 60% stake in mainstay oil fields to foreign firms
Production at Mumbai High and Bassein & Satellite offshore assets under state-owned firm is low, says letter by petroleum ministry.
 "Govt asks ONGC to give 60% stake in mainstay oil fields to foreign firms")