Page 2890 - Company News

Zipaworld to onboard 150 vendors in FY21 as it looks to scale up operations

Logistics e-mall services start-up Zipaworld plans to onboard about 150 vendors, including 40-45 from the overseas markets, by the end of ongoing fiscal as it looks to scale up its operations

DLF's rental arm raises Rs 2,400 cr from SBI to fund future expansion plans

Realty major DLF's rental arm DCCDL has raised Rs 2,400 crore debt from India's largest lender SBI to refinance its existing debt and fund future expansion plans, a senior company official said.

Over 110k sellers got orders in 1st 48 hours of festive sale: Amazon India

Amazon's 'Great Indian Festival' started on October 17 and will go on for about a month to coincide with the festive season

Jet Airways lost, Sanjay Mandavia on course to launch his own new airline

Pilot-turned-airline owner and his partner Biraja Jena, who heads UAE-based fund Imperial Capital, say they are on course to launch FlyBig which has secured 16 routes under Phase-4 of UDAN

Raw material crisis may lead to closure of SME steel units: Industry body

Steel wire makers, belonging to the labour-intensive small and medium enterprises sector, are facing acute raw material shortage that may lead to the closure of several units

Local, heritage brands bet on Flipkart, Amazon to tap the festive season

These traditional brands are also discovering new frontiers and consumers by creating special product lines catering to a pan India market.

Covid-19 pandemic prompts workers, corporates to adopt gig economy

At a time when the COVID-19 pandemic has disrupted the job landscape, gig employment is gaining ground and is offering huge potential for both blue-collar as well as white-collar workers.

Shriram Housing Finance looking at 50-60% hike in loan disbursement in FY21

Mortgage lender Shriram Housing Finance is looking at around 50-60 per cent increase in loan disbursement to Rs 1,800 crore in the current financial year, a top company official said.

Maruti unveils festive offers for govt staff with benefits upto Rs 11,000

The company is seeking to further boost demand with its offer after the recent leave travel concession (LTC) cash voucher scheme announced by Finance Minister Nirmala Sitharaman

Active users' tally: Jio gains 2.5 mn subscribers as Airtel, Voda-Idea slip

Reliance Jio gained 2.5 million active subscribers in July, reversing the decline seen in the previous month

HDFC Bank's September quarter net profit rises 18.4% to Rs 7,513 crore

It had posted a net profit - profit after tax (PAT) -- of Rs 6,344.9 crore in the quarter ended September 2019 (Q2FY20)

Myntra witnesses 14 million visitors in a single day for its festive sale

Clocks 100% growth on the first day of the week-long event, over last year

Direct Create plans to launch awareness campaign to promote handicrafts

Direct Create, an online-offline technology platform for handicrafts, is planning to launch an awareness campaign 'Empowerment through Craft' to enroll entrepreneurs and more craftsmen, it said

Prestige Estates signs deal with Blackstone for stake sale in firm's assets

Prestige Estates is looking to sell the assets to reduce debt and generate liquidity via the Blackstone deal

CoC approves Kalrock Capital-Murari Jalan's plan to revive Jet Airways

The plan submitted by Kalrock consortium won by an overwhelming majority, say sources

Jet Airways' CoC approves resolution plan of Kalrock-Murari Jalan

Kalrock Capital, a financial advisory and asset management company, was founded by European entrepreneur Florian Fritsch

Tata Motors ties up with HDFC Bank for financing of passenger vehicles

Tata Motors on Saturday said it has collaborated with HDFC Bank for financing of its passenger vehicles

Franklin Templeton MF's six shut schemes generate Rs 8,302 cr since closure

Franklin Templeton Mutual Fund has said its six shut schemes have received Rs 8,302 crore from maturities, pre-payments and coupon payments since closing down in April

Big vs small in BOT project offering; traffic volume may be key determinant

Experts feel that kick-starting the process with relatively smaller stretches will help to test waters

Vedanta's Agarwal: Scrap trader from Bihar with an appetite for business

The failure of Vedanta's delisting plan is unlikely to discourage him to make his empire asset-light