Page 2688 - Company News

Reliance Home Finance defaults on Rs 40 cr loan repayment to P&S Bank

Reliance Home Finance Ltd (RHFL) on Saturday said it has defaulted on loan of over Rs 40 crore from Punjab & Sind Bank

AirAsia targets launch of flying-taxi business as soon as next year: CEO

The flying taxis it hopes to begin providing next year will come with as many as four seats and will be powered by a quadcopter

Retail startup Shoopy raises $250,000 seed from US, India investors

Shoopy helps retailers and local business owners go online in a few seconds, and manage invoicing, billing, inventory tracking and management, among other aspects of their shops easily

Ikea rushes to make up lost time on India expansion after delays

The company opened its second India store on the outskirts of Mumbai in December and another in the southern city of Bengaluru is now on course to be completed in 12 months

Muthoot Group Chairman, Whole Time Director M G George Muthoot passes away

Under his stewardship, Muthoot Finance achieved new heights of growth and became the market leader in the gold loan industry

Unitech Developers case: ED searches 12 locations linked to Shivalik Group

A team of the Enforcement Directorate has carried out searches at several locations linked to the Shivalik Group in connection with the Unitech Developers case

Elon Musk loses $27 bn as wealth gains unravel after Tesla shares tumble

The Tesla Inc. chief executive officer lost $27 billion since Monday as shares of the automaker tumbled in the selloff of tech stocks

Explained: How the PLI scheme works for laptops, tablets and mobile devices

The second part of a report on the productivity-linked incentive scheme examines anomalies for makers of laptops, tablets and mobile devices

Bhushan Power lenders accept JSW Steel plan, look to close deal by March 31

25 financial creditors would be realising 41% from the Rs 19,350 cr deal on claims of Rs 47,158 cr

The Chambers: Refurbished members-only club at Taj hotel reopens today

Originally opened in 1975 at the Taj Mahal Palace in Mumbai, The Chambers came to Delhi in 1982

NDMC show-cause notice to Le Meridien Hotel for continuing trade activity

The New Delhi Municipal Council has issued a show-cause notice to the Le Meridien Hotel for allegedly operating restaurants, lodging house and other licensable trade activities

Blackstone in talks to acquire a minority stake in Sify Technologies

Sify's American depositary receipts rose 6.7 per cent in pre-market trading on Friday in the US. The company had a market value of about $484 million as of Thursday

Muthoot Finance chairman Mathai George Muthoot passes away at 71

MG George Muthoot, the chairman of Muthoot Finance which is the largest gold loan NBFC in the country, passed away this evening in his New Delhi home after a fall, according to the family.

Rising fuel costs could put IndiGo's yields under further pressure

The company could, however, increase its market share due to supply constraints

Earnings impact, valuation concerns for Capco deal to weigh on Wipro stock

Intent to scale up BFSI portfolio is positive but analysts see integration and execution risks

A peek into start-up incubation drive of India's next-rung campuses

Many enterprises with formidable products have come from the country's deeper regions and have received parenting at lesser-known institutes

Multiplex major PVR plans mega release, set to launch 40 screens in FY22

The move comes as film producers line up big releases between April and December

A bitter pill: Domestic pharma market growth slides to 1.1% in February

Recovery slow, top drug firms post muted growth in February

India Inc goes slow on local bonds as rates rise, investors turn sceptical

CFOs say they are looking at other avenues for raising funds in the coming months as dollar bond rates are lower in the range of 100 to 250 basis points

Real estate, travel and tourism blues hit India's consumption story

Experts say despite the revival in the sales of essential goods, several sectors are continuing to drag private consumption down.