Page 3395 - Company News
Delivery Hero leaps on $4 billion food app deal to buy South Korea's Woowa
Delivery Hero's Oestberg said he would commit new resources to Woowa to enable it to hold its own and expand
 "Delivery Hero leaps on $4 billion food app deal to buy South Korea's Woowa")
Wipro, IISc build India's first metal additive manufacturing machine
The machine benchmarking is underway and likely to be completed in the near future, according to the statement.
 "Wipro, IISc build India's first metal additive manufacturing machine")
Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth
The company said it is accepted as a payment option across 80 lakh micro, small and medium enterprises in over 215 cities in India
 "Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth")
One97 Communications raises over $660 mn from investors including Alipay
SoftBank's SVF Panther (Cayman), among others has also invested in the company
 "One97 Communications raises over $660 mn from investors including Alipay")
Jaypee homebuyers' body urges lenders, flat owners to vote for NBCC bid
This is the third round of bidding process, which has been initiated on the direction of the apex court.
 "Jaypee homebuyers' body urges lenders, flat owners to vote for NBCC bid")
Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20
The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.
 "Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20")
GIC settles insider trading case with Sebi, pays Rs 1.23 cr as remittance
GIC filed a settlement application with the regulator "without admitting or denying the findings of fact and conclusions of law, proposing to settle the defaults" and remitted the settlement amount
 "GIC settles insider trading case with Sebi, pays Rs 1.23 cr as remittance")
RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr
The investment will further enable the group's initiatives in emerging technology, it added
 "RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr")
ZestMoney to disburse credit worth $400 mn, partners with Northern Arc
ZestMoney said its technology platform provides easy access to consumer loans to millions of Indian households, which currently have no access to credit cards or any other formal financing options
 "ZestMoney to disburse credit worth $400 mn, partners with Northern Arc")
Health check shows fortunes turning for NBFCs after prolonged crisis
Two of four indicators compiled by Bloomberg that reflect the state of non-bank financial companies strengthened last month from October
 "Health check shows fortunes turning for NBFCs after prolonged crisis")
NFRA finds huge gaps in Deloitte's audit of IFIN, says will examine further
The audit and accounting regulatory body has advised Deloitte to take action to revamp its processes and ensure compliance
 "NFRA finds huge gaps in Deloitte's audit of IFIN, says will examine further")
L&T Infotech's expectations of better growth in H2FY20 a shot in the arm?
December quarter results are likely to provide clarity on growth prospects
 "L&T Infotech's expectations of better growth in H2FY20 a shot in the arm?")
Jio redux: Reliance's entry into diagnostics industry may lower prices
With bigger players making inroads, share of organised sector to increase in a fragmented market
 "Jio redux: Reliance's entry into diagnostics industry may lower prices")
Shapoorji offloads Rs 397-cr TCS shares to strengthen its balance sheet
The group is reportedly looking to sell stake in Eureka Forbes to shore up liquidity.
 "Shapoorji offloads Rs 397-cr TCS shares to strengthen its balance sheet")
Saudi Aramco crosses $2 trn valuation, becomes most valuable listed company
Aramco has sold a 1.5 per cent share to mostly Saudi investors and local Saudi and Gulf-based funds
 "Saudi Aramco crosses $2 trn valuation, becomes most valuable listed company")
To stay relevant, Tata Salt adjusts to young palate; will it go 'premium'?
To cut through the clutter created by organised and unorganised players and stay on the table, Tata Salt has adopted a multi-pronged strategy
 "To stay relevant, Tata Salt adjusts to young palate; will it go 'premium'?")
NCLT to hear Omaxe Group's Hyderabad property case on January 9
The order for status quo can be seen as a victory for Sunil Goel, former Joint MD of the company, who had moved the NCLT against the sale of 25-acre project at Kokapet, Hyderabad
 "NCLT to hear Omaxe Group's Hyderabad property case on January 9")
NLC India to start mining from Talabira-II, III coal blocks in FY21
Adani Enterprises has been chosen the Mine Developer cum Operator (MDO) for the coal blocks
 "NLC India to start mining from Talabira-II, III coal blocks in FY21")
HDFC AMC takes 35% markdown on Simplex exposure after rating falls to 'D'
HDFC Credit Risk Fund had Rs 124 crore of exposure to the NCDs of the company
 "HDFC AMC takes 35% markdown on Simplex exposure after rating falls to 'D'")
HPCL most vulnerable to falling refining margins; RIL best placed
A higher diesel spread means refiners will see better GRMs as compared to the benchmark
 "HPCL most vulnerable to falling refining margins; RIL best placed")