Page 3407 - Company News
Aye Finance gets Rs 107 crore in debt funding from Swiss-based BlueOrchard
Last month, Aye Finance had announced it raised Rs 125 crore from Dutch development bank FMO
 "Aye Finance gets Rs 107 crore in debt funding from Swiss-based BlueOrchard")
Zooming onion rates to pricey bananas: Advertisers bask in moment-ary glory
When onion prices were hovering around Rs 150 a kg and FM Nirmala Sitharaman was being pilloried for her comments on the kitchen staple, food-delivery platforms put out clever one liners
 "Zooming onion rates to pricey bananas: Advertisers bask in moment-ary glory")
Airtel Payments Bank enables NEFT, users can make transfers at any time
The facility will be available to customers on 24x7 basis even on holidays, enabling them to receive or send funds to any bank from anywhere, anytime, Airtel Payments Bank said in a statement
 "Airtel Payments Bank enables NEFT, users can make transfers at any time")
Mukesh Ambani family case: I-T department seeks details from seven nations
According to the I-T department, the Ambani family refuted all the charges in the show-cause notice and submitted the copy of GDR offer documents on June 7 for RUPL along with other documents
 "Mukesh Ambani family case: I-T department seeks details from seven nations")
Airports Authority banks on non-metros for overnight parking of planes
The AAI's western region also requested the Madhya Pradesh government to reduce value-added tax (VAT) on aviation turbine in Bhopal, Indore and Jabalpur to encourage overnight parking of planes
 "Airports Authority banks on non-metros for overnight parking of planes")
Eyes on the sky: GoAir strengthens rostering to prevent flight disruptions
GoAir cancelled almost 40 flights on November 23 and 24, during which it also reported turn back of two if its aircraft to the departing airport due to snags
 "Eyes on the sky: GoAir strengthens rostering to prevent flight disruptions")
IL&FS case: Sebi fines ICRA, CARE Rs 2.5 mln each for poor due diligence
Sebi also said the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of these rating agencies
 "IL&FS case: Sebi fines ICRA, CARE Rs 2.5 mln each for poor due diligence")
Air India stops issuing tickets on credit to govt bodies owing over Rs 1 mn
In total, these government agencies owe around Rs 268 crore to the national carrier, he said, adding that "around Rs 50 crore has been recovered from these agencies by the airline"
 "Air India stops issuing tickets on credit to govt bodies owing over Rs 1 mn")
Zoomcar prepares to be electric vehicle-driven by 2025, plans expansion
The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month
 "Zoomcar prepares to be electric vehicle-driven by 2025, plans expansion")
Power Exchange bets on renewable energy; to focus on revival of REC market
PXIL faced financial crisis in 2017 when its net worth eroded and promoters of NSE and NCDEX wanted to shut it down prior to NSE's proposed initial public offering (IPO)
 "Power Exchange bets on renewable energy; to focus on revival of REC market")
ONGC gets green nod for Rs 3,500 cr onshore exploration project in Assam
The Union Environment Ministry has given green clearance to ONGC, the country's largest oil and gas exploration and production company, after taking into account the recommendations of a green panel
 "ONGC gets green nod for Rs 3,500 cr onshore exploration project in Assam")
Reliance Retail shares valued at 20% discount to analyst estimates
The valuations of Reliance Retail have been arrived at using both discounted cash flow method as well as market capitalisation of comparable companies in the listed space
 "Reliance Retail shares valued at 20% discount to analyst estimates")
Myntra processes 13,000 orders per minute at peak of festive sale
600,000 new customers participated in the four-day sale, with 68 per cent of them coming from tier-2 and tier-3 cities and towns
 "Myntra processes 13,000 orders per minute at peak of festive sale")
Panasonic to set up manufacturing unit in AP, begin production from 2021
The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021
 "Panasonic to set up manufacturing unit in AP, begin production from 2021")
Panasonic to set up manufacturing unit in AP, begin production from 2021
The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021
E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO
Jain who has been a finance leader with exposure to large multi-location and transnational revenues, will play a key role in Ather's aggressive expansion plans
 "E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO")
Manappuram Finance to raise up to Rs 350 crore through issuance of NCDs
The shares of Manappuram Finance were trading at Rs 172.35, down 0.14% on BSE
 "Manappuram Finance to raise up to Rs 350 crore through issuance of NCDs")
Mukesh Ambani's Reliance Retail valued at $34 billion in share swap
Reliance Retail runs India's largest chain of neighborhood supermarket stores and consumer electronics stores
 "Mukesh Ambani's Reliance Retail valued at $34 billion in share swap")
From China with funding: Country puts its faith in Indian start-ups
Not just from the likes of Alibaba and Didi Chuxing, Indian start-ups saw a surge in Chinese funding from financial investors this year
 "From China with funding: Country puts its faith in Indian start-ups")
Payments, 5G phones to be big areas of focus for OnePlus in 2020
The company plans to launch OnePlus payments in India first before making waves in global markets
 "Payments, 5G phones to be big areas of focus for OnePlus in 2020")