Page 2552 - Company News
RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra
In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year
 "RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra")
Paytm First Games secures $30-mn loan from One97 Communications, others
The loan will be given in two tranches, payable within five years, and will also have the option to be converted into equity shares
 "Paytm First Games secures $30-mn loan from One97 Communications, others")
Flipkart, Amazon appeals in antitrust probe to be heard by HC on Monday
The e-commerce majors had filed separate appeals before the division Bench of the High Court, challenging a single-judge Bench order allowing the CCI to restart its probe against them.
 "Flipkart, Amazon appeals in antitrust probe to be heard by HC on Monday")
Air India to sell real estate assets; may garner up to Rs 300 crore
Disinvestment-bound Air India is looking to raise Rs 200 to 300 crore by selling commercial and residential real estate assets in different parts of the country.
 "Air India to sell real estate assets; may garner up to Rs 300 crore")
Car, phonemakers may have to wait longer for chips, thanks to bitcoin
The shortage is creating havoc for mobile device manufacturers who are getting less than 30-40 per cent of the normal requirement of chips
 "Car, phonemakers may have to wait longer for chips, thanks to bitcoin")
Jio sees near 100% sequential growth in new subscribers in March: Trai data
According to the latest data by TRAI, Bharti Airtel added 4 million subscribers to its network, followed by Vodafone Idea with 1.1 million users and Bharat Sanchar Nigam Ltd with 194,310.
 "Jio sees near 100% sequential growth in new subscribers in March: Trai data")
AEL, APSEZ stocks see recovery after 4 days of fall
While Adani Enterprises shares went up by 8.76% to close at Rs 1487.85 a share, APSEZ stock was up by 7.39% to close at Rs 694.60
 "AEL, APSEZ stocks see recovery after 4 days of fall")
PhonePe launches auto top-up feature for its wallet
This feature will allow customers of PhonePe to set up a UPI e-mandate once, post which the company will automatically top up their wallet balance when it falls below the minimum below.
 "PhonePe launches auto top-up feature for its wallet")
Maruti cuts Eeco ambulance price by Rs 88k as govt reduces GST
The GST rate on Eeco ambulance has come down to 12 per cent from the earlier rate of 28 per cent.
 "Maruti cuts Eeco ambulance price by Rs 88k as govt reduces GST")
S&P revises ICICI Bank credit rating outlook to stable from negative
S&P Global Ratings on Friday said it has revised the rating outlook on ICICI Bank Ltd to stable from negative on grounds that the lender will benefit from the sale of stake in subsidiaries.
 "S&P revises ICICI Bank credit rating outlook to stable from negative")
IDBI Bank invites bids to divest stake in Asset Reconstruction Company
The last date for submission of expression of interest (EoI) is June 25, 2021.
 "IDBI Bank invites bids to divest stake in Asset Reconstruction Company")
ShareChat's parent earmarks Rs 140 crore for first ESOP buyback
Nearly 200 existing and former employees with vested options are eligible to participate in this process.
 "ShareChat's parent earmarks Rs 140 crore for first ESOP buyback")
Zara India posts full-year loss of Rs 41 crore; revenue down 28%
Spain's Inditex, which owns luxury fashion brand Zara, posted a loss of Rs 41 crore in India for the financial year ended March 31, 2021.
 "Zara India posts full-year loss of Rs 41 crore; revenue down 28%")
OnePlus ropes in Jasprit Bumrah as brand ambassador for wearables
Premium smartphone brand OnePlus on Friday said it has roped in cricketer Jasprit Bumrah as the brand ambassador for its wearables category.
 "OnePlus ropes in Jasprit Bumrah as brand ambassador for wearables")
Power Grid Corp fiscal 2021 profit increases 9% to Rs 12,036 crore
The company maintained average transmission system availability of 99.76 per cent in FY21.
 "Power Grid Corp fiscal 2021 profit increases 9% to Rs 12,036 crore")
Tata Motors and Tata Power put up India's largest Solar Carport in Pune
Spanning over 30,000 square meters, this carport will not only generate green power, but will also provide covered parking for finished cars in the plant.
 "Tata Motors and Tata Power put up India's largest Solar Carport in Pune")
Paytm looks to raise Rs 12,000 cr via fresh issue of shares, EGM on July 12
Paytm will also propose removing founder Vijay Shekhar Sharma's role as a 'promoter' for the company
 "Paytm looks to raise Rs 12,000 cr via fresh issue of shares, EGM on July 12")
Minda Industries raises Rs 50 cr via issuance of commercial papers
Auto component maker Minda Industries on Friday said it has raised Rs 50 crore through issuance of commercial papers.
 "Minda Industries raises Rs 50 cr via issuance of commercial papers")
Top 5 Indian IT companies to add over 96,000 employees: Nasscom
The IT-BPM sector overall employs 4.5 million people as of March 2021, Nasscom said.
 "Top 5 Indian IT companies to add over 96,000 employees: Nasscom")
Gautam Adani loses $9 bn in three days in worst wealth rout
The 58-year-old tycoon lost more money this week than anyone else in the world, with his personal fortune tumbling by about $9 billion to $67.6 billion
 "Gautam Adani loses $9 bn in three days in worst wealth rout")