Page 2374 - Company News

I will not let Invesco take over Zee illegally, says Subhash Chandra

Invesco must put its offer on the table and avoid any clandestine bid on Zee, says its Chairman Emeritus

Lenders to make Rs 5,000-crore provisions for Srei bad loans, say bankers

The banks will set aside around 15 per cent provision for secured loans. It would be higher for unsecured credit

Indian Oil in talks with state transport undertakings for hydrogen projects

The units in UP and Gujarat will be close to the refineries. Plan is to run 10-20 buses in both states initially; Kerala to have a standalone green hydrogen unit

Moody's raises rating outlook to stable for 18 Indian companies, banks

The nine companies whose rating outlook has been revised upwards are RIL, TCS, Infosys, ONGC, Petronet LNG, UltraTech Cement, Oil India, IOC and HPCL

Coal shortage in India leads to soaring costs for steel producers

'Mills are paying more than four times the normal costs for procuring coal from e-auctions and from mines'

Swiggy announces two liquidity events over 2 years for employees with ESOPs

The entire exercise is expected to be worth $35-40 million at the company's current valuation

Jhunjhunwala-backed Nazara plans Rs 315 cr preferential issue

In a statement on Wednesday, Nazara said the fresh funds will be utilised for the growth initiatives of the company

Bizongo turns profitable; eyes $300 mn in annualised revenue by FY22

The tech-enabled B2B e-commerce platform for customised goods, has grown four times since the start of the year, and already surpassed $200 million in annualised revenue.

RBI-appointed Srei administrator assures job security to employees

Group to restart business soon; to focus on recovery

BharatPe enters BNPL, offers even 'golgappas' on EMI as it bets on offline

Launches new product 'postpe' towards this end, which customers can download from Play Store and avail interest-free credit limit of up to Rs 10 lakh

Good Glamm Group acquires D2C brand The Moms Co for around Rs 500 cr

The Moms Co to continue as an independent entity. Over past four years, the brand has catered to two million customers across 20,000 pin codes in India

TCS' long-standing partnership with SBI extended for another 5 years

Under new contract, TCS will continue to maintain, enhance SBI's application estate around core banking, trade finance, financial reporting &, financial inclusion with new features and functionality

Air India seeks transaction advisors for selling PF trusts securities

The Air India Employees Provident Fund trust and Indian Airlines Employees Provident Fund trust are governed by the Provident Fund Trust Act, 1925

Zostel seeking an injunction to restrain OYO, hearing tomorrow

In 2015, Oyo Hotels & Homes signed for Oyo's acquisition of Zostel. The deal fell through, but Zostel is arguing that it still deserves about 7 per cent in Oyo parent

DoT cuts bank guarantee requirement for telecom operators by 80%

Telecom firms will now provide a performance bank guarantee of up to Rs 44 crore for each service for the licence compared to Rs 220 crore mandated

Recovery drives topline performance for Marico, stock up 11% from Aug lows

Margins to come under pressure as input costs remain higher

ZEEL moves NCLAT for more time to file reply to Invesco's plea

The company is also calling for a stay on the proceedings in NCLT till the matter is decided in the appellate tribunal

US-based Poshmark enters India's booming circular fashion industry

US social commerce marketplace Poshmark is the latest to enter a growing space for pre-loved fashion

Further re-rating likely for NTPC stock: Here are a few possible triggers

Capacity expansion, high operational efficiency, focus on renewables and reasonable valuation are triggers

Srei files writ petition in Bombay High Court against RBI

The matter will be heard on October 7