Page 2382 - Company News
Indian e-commerce sales could grow by up to 60%, hit $84 bn in CY21: study
EasyEcom report predicts 32-68% spike in festive season demand; electronics the top category in this space, with 34% share of GMV in CY2020, likely to hold fort going forward
 "Indian e-commerce sales could grow by up to 60%, hit $84 bn in CY21: study")
How dependent are Indian businesses on Facebook and WhatsApp?
There was a massive disruption in Facebook, WhatsApp and Instagram services recently. What was the impact of Facebook, Whatsapp outage on Indian businesses? Let's find out
 "How dependent are Indian businesses on Facebook and WhatsApp?")
Second coming of social media has a business peg: Facebook India head
According to data shared by the company for the first time, 416 million users in India access Facebook every month, out of which 234 million access it every day
 "Second coming of social media has a business peg: Facebook India head")
Zee, Invesco battle to test Competition law on wresting corporate control
Zee says Invesco did not seek CCI approval for naming six nominee directors on its board; lawyers say consent not required for less than 10% stake acquisition
 "Zee, Invesco battle to test Competition law on wresting corporate control")
The Kolkata-based family behind Srei Infrastructure
The RBI recently superseded the boards of Srei Infra and Srei Equipment Finance. While the situation is still developing, we delve into the background of the family behind the business
 "The Kolkata-based family behind Srei Infrastructure")
Reliance Retail to launch 7-Eleven stores in India after Future Group exit
Future had agreed to sell its retail assets to Reliance, but the deal hit a roadblock after Amazon.com challenged it.
 "Reliance Retail to launch 7-Eleven stores in India after Future Group exit")
Hostel brands eye young budget travelers, make aggressive expansion plans
The concept of hostels as an alternative accommodation is borrowed from the West and is only a decade old in India, but has been gaining popularity
 "Hostel brands eye young budget travelers, make aggressive expansion plans")
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
 "I will not let Invesco take over Zee illegally, says Subhash Chandra")
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
 "Lenders to make Rs 5,000-crore provisions for Srei bad loans, say bankers")
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
 "Indian Oil in talks with state transport undertakings for hydrogen projects")
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
 "Moody's raises rating outlook to stable for 18 Indian companies, banks")
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'
 "Coal shortage in India leads to soaring costs for steel producers")
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
 "Swiggy announces two liquidity events over 2 years for employees with ESOPs")
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
 "Jhunjhunwala-backed Nazara plans Rs 315 cr preferential issue")
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.
 "Bizongo turns profitable; eyes $300 mn in annualised revenue by FY22")
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
 "BharatPe enters BNPL, offers even 'golgappas' on EMI as it bets on offline")
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
 "Good Glamm Group acquires D2C brand The Moms Co for around Rs 500 cr")
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
 "TCS' long-standing partnership with SBI extended for another 5 years")
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
 "Air India seeks transaction advisors for selling PF trusts securities")