Page 2526 - Company News

Shares of SoftBank, biggest investor in Didi, sink after China blocks app

SoftBank fell 5.4% in Tokyo, the most among stocks on Japan's Nikkei 225 Stock Average and the biggest decline since it reported earnings in May.

Govt to sell up to 7.5% in NMDC via OFS on Tuesday, may get Rs 3,621 cr

Will sell its 4% stake, or 117.2 million shares, at a floor price of Rs 165 each, a near 6% discount to Monday's closing price

Top restaurant body moves CCI for redress on issues with Zomato, Swiggy

Main issues include bundling of services, data masking and exorbitant commissions, deep discounting, including forcing the restaurant partners to give discounts to maintain listing

KKR drives into transportation, acquires GIP's highway portfolio

GIP is an infrastructure investment fund making equity and selected debt investments

Bharat Biotech-Brazil row: Covaxin nod under controlled conditions

The agency said the suspension - which put the EUA application on ice - was due to missing data from the vaccine's clinical trials

Paytm to file draft prospectus next week for $2.3-bn IPO: Report

Paytm has plans to raise up to Rs 12,000 crore by issuing fresh equity for which it will seek shareholders' nod in an EGM on July 12

Steel companies reduce prices by Rs 1,200-2,000 a tonne across products

Companies say, correction may be temporary

UTI Officers' Association moves top court in 26% stake sale case

Bombay HC recently dismissed the case citing delay in filing

Multiple growth triggers in place for shares of packaging firms

Any sharp rise in raw material prices or softening of FMCG demand could hurt prospects

Kotak Pre-IPO AIF raises Rs 1,386 cr, to invest in tech-focused businesses

Investors in the fund include family offices such as Narayana Murthy's Catamaran, Fund is already committed to two deals worth $44 million, one of which is API Holdings, parent company of PharmEasy

Nandan Nilekani to join govt panel on curbing digital monopolies

Idea is to give 'free and fair' choice to buy products on online platform

Zomato's mega IPO gets Sebi nod, may hit market as early as this month

The company, backed by Ant Group, is planning to issue fresh shares worth Rs 7,500 crore in the IPO

Product mix, margin concerns in the near term for Avenue Supermarts

Q1 revenues, too, were lower than expectations

Ascendas Trust to invest Rs 1,200 cr in first phase of India data centre

Singapore-based Ascendas India Trust, on Monday said it will invest an estimated Rs 1,200 crore to develop the first phase of its first data centre project in the country

ED arrests Shakti Bhog CMD in money laundering case linked to bank fraud

ED said it has arrested Kewal Krishan Kumar, chairman and managing director (CMD) of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud

95% Jet staff must consent to Kalrock-Jalan proposal or lose benefits

Voting on the consortium's offer for employees and workmen began on Monday and will go on till August 4

How Zeta acquired Unicorn status in the very first round of funding

Enterprises typically reach the feat at series C or series D, or three to four funding rounds later

NetConnect Global to expand operations in India by hiring 5,000 techies

NetConnect Global (NCG) on Monday said the company is planning to hire 5,000 technology professionals pan-India by the end of this calendar year to facilitate its expansion operations in India.

Xiaomi posts strong growth in India's premium smartphone segment

Xiaomi - with its 'Mi' brand - has seen significant growth in the mid and premium smartphone segment over the past few quarters, and captured 14-15 per cent market share in Rs 20,000-45,000 segment

Hindustan Paper Corp liquidator urged to disclose valuation of oil reserves

There are more than three natural oil well reserve points in the Cachar Paper Mill Township and the land area is reportedly in a lease rent agreement with ONGC