Page 2759 - Company News

BharatPe raises Rs 139 crore in debt from Alteria Capital, ICICI Bank

BharatPe said it has raised Rs 139 crore in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants

DHFL creditors vote in favour of Piramal's $5 billion bid: Report

Creditors of India's Dewan Housing Finance Corp have voted in favour of a $5.09 billion takeover bid submitted by the Piramal Group for the troubled "shadow" lender, a source said

ITC retains its holding in East India Hotels, subscribes to rights issue

An ITC spokesperson says EIH issue was attractively priced, and that ITC holding in EIH was part of its treasury investment portfolio

Plea in Delhi High Court against Lakshmi Vilas Bank and DBS merger

A plea in the Delhi High Court has challenged the scheme of amalgamation of Lakshmi Vilas Bank with Development Bank of Singapore (DBS), contending that its shareholders have been "left in the lurch"

Franklin Templeton MF's 6 shut schemes generate Rs 13,789 cr since closure

Franklin Templeton Mutual Fund on Sunday said its six shut schemes have received Rs 13,789 crore from maturities, pre-payments and coupon payments since closing down in April

Most Indian IT firms to post high single-digit growth in 2021: Balakrishnan

The year 2021 will be good for India's information technology sector and most of the companies in the space are expected to clock high single digit growth, said industry veteran V Balakrishnan

CEO who calls himself 'performance psychopath' takes over new auto empire

Carlos Tavares will lead Stellantis NV, the merged behemoth of Fiat Chrysler Automobiles NV and PSA Group. He doesn't tolerate meetings starting late or dragging on.

21% startups and MSMEs benefited from govt Schemes in 2020: Survey

For many years now, startups and MSMEs have been reeling under the complex burden of India's difficult taxation policies

WhatsApp delays new privacy policy by three months amid severe criticism

The company released a separate blog post Friday trying to clear up the confusion, and it included a chart that specifies what information is protected when someone uses WhatsApp

Ill-informed: Snapdeal on USTR report placing it on Notorious Markets List

Snapdeal and four Indian shopping complexes have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy issued by the Office of the US Trade Representative (USTR)

DHFL's long-drawn journey to resolution: Here's the story so far

DHFL's fall not only exposed the chinks in Indian auditing firms, but also showed the flaws in rating companies, which gave it the highest rating

Confident of staying in the 5G race, says Huawei India CEO David Li

The Shenzhen-headquartered firm, which has been facing the fallout of the ongoing geopolitical situation, believes it would continue to participate in India's telecom journey

OneWeb secures funding from SoftBank Group, Hughes Network Systems

With the investment, SoftBank will get a seat on OneWeb Board

Fullerton India CEO Nambiar quits, firm reshuffles senior management

NBFC also announced senior leadership changes

New launches pick up, but home sales yet to revive amid Covid-19 pandemic

New launches bounced back - registering 12 per cent growth in the October-December quarter.

Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid

With this Piramal succeeds in getting the requisite 66 per cent voting, says source

Bad Bank: Good idea, but timing and execution being questioned

Without beefing up the regulatory framework, moral hazard may outweigh advantages, say experts

Crompton Consumer: Strong demand, mkt share gains may help sustain growth

Jefferies estimates a 13% annual growth in topline during FY20-23, as well as margin expansion

Domestic air traffic slips to 7-year low in 2020 amid Covid-19 lockdown

In calendar year 2020, domestic airlines flew 63 million passengers, compared to 144.1 million in the previous year.

Deal wins, digital demand put IT companies back on growth track

Margins too surprised positively on higher offshoring and utilisation