Page 2383 - Company News

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

BharatPe aims to facilitate $300 mn loan book for lending partners

Fintech firm BharatPe on Wednesday announced its foray into the 'Buy Now Pay Later' (BNPL) category with 'postpe'

Inox Wind board okays issuance of preference shares worth Rs 1,100 cr

Inox Wind on Wednesday said its board has approved the issuance of preference shares worth Rs 1,100 crore to its promoters

Titan registers strong recovery in demand in Q2 FY22

Titan on Wednesday said it has witnessed a strong recovery in demand in the July-September quarter, and its sales in most of its divisions have either reached above or close to pre-pandemic levels

Coal shortage may lead to rise in steel prices in coming months: JSPL MD

Steel prices are expected to increase in the coming months as companies are buying coal at three times the rates a month ago, said a top industry executive on Wednesday.

LIC IPO: Govt may not need to amend any law to permit foreign participation

Foreign participation would be allowed as per the listing norms of the Securities and Exchange Board of India (SEBI) and the extant sectoral FDI guidelines

Parli thermal power station has buffer stock of coal for two days: Official

The Parli thermal power station in Beed district of Maharashtra is left with the buffer stock of coal that will last for just two days due to short supply, a senior official said on Wednesday