Page 2349 - Company News

Zendesk to acquire SurveyMonkey owner for $4 bn in all-stock deal

Terms of the deal provide for Momentive stockholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock

E-commerce firm Meesho announces $5.5 mn ESOP liquidation programme

In November last year, the company had announced a $5 million ESOP dilution programme

Auto parts maker Wheels India Q2 net nearly triples to Rs 21 cr on growth

Revenue for Q2 went up 78% to Rs 911 crore from Rs 511 crore during the July-to-September period of 2020-21

IndusInd Bank raises Rs 2,800 crore debt capital through bonds

IndusInd Bank stock traded at Rs 1150.50 apiece on BSE, down 2.12 per cent from previous close.

HC rejects Future's plea to stay Singapore arbitrator's order: Report

Amazon and Future Group are embroiled in legal battles since the latter entered into an agreement with Reliance Retail to sell its retail assets for Rs 24,713 crore in 2020

Evergrande makes coupon payment ahead of Friday deadline: Reports

Shares of Evergrande rose more than 1% in early trading on Friday, versus a 0.4% decline in the Hang Seng Index.

IndiGo Q2 results: Loss widens 20% to Rs 1,435 cr on rising crude oil

Expects strong traffic but high fuel prices cloud revenue recovery

TVS takes slow and steady route for its newly created subsidiary for EVs

Last week, TVS' board also clear­ed a proposal to establish a separate subsidiary for the electric vehicle business (the name is yet to be announced)

SC permits NTA to declare NEET results for admissions in UG medical courses

We stay the high court judgement. The National Testing Agency can announce the results, the bench said after taking note of the submissions of Solicitor General Tushar Mehta, who represented the NTA.

Less than 1% of companies went for restructuring under second offer: Crisil

Rating agency says tepid response despite second wave reflects positive turn in demand outlook, and anxiety about negative stakeholder perception of restructured firms

Weak cigarette volumes, margins in Q2 weigh on ITC, stock sheds 5.5%

Decision by the panel on tobacco tax remains the key trigger

Paytm pegs IPO at $20 bn valuation, Vijay Sharma says life to become QSQT

Paytm plans to have "100 per cent flexible" working for its employees "for good", according to Sharma

Higher marketing and promo costs dent Tata Consumer's Q2 numbers

Cost pressures to sustain as company is committed to increasing advertising spends

Vastu Housing Finance raises $200 million from a consortium of investors

With this investment, Vastu will further scale operations in existing locations, explore new markets and invest in next-generation technology platforms

JK Tyre profit falls 41% in September quarter on back of rising input costs

Revenue from operations rose 31 per cent to Rs 2,986.66 crore year-on-year

Adani Green's profit jumps six fold to Rs 100 cr in Q2FY22

Total income doubles, energy sales up 54% to nearly four billion units

SC denies Rs 923-crore refund to Bharti Airtel, quashes HC order

The telecom operator claimed that it had paid an excess GST for July-September, 2017 and wanted to rectify its relevant returns for that period to get the refund

Reliance Jio pays Rs 10,792-crore spectrum dues to DoT

Bharti Airtel has already decided to opt for a four-year moratorium on spectrum and adjusted gross revenue dues payable to the government

Domestic air traffic movement may near pre-Covid level this winter

Among the major airlines, while Vistara is adding the highest number of flights (a 21.73 per cent increase over winter 2019), SpiceJet is seeing the highest drop

Telecom gear maker Nokia's sales in India fall 6% in September quarter

Telecom gear maker Nokia on Thursday posted a six per cent decline in sales in India at 251 million euros in the third quarter of 2021.