Page 3462 - Company News

Svasti Microfinance raises $10 mn; Dell Foundation, Bamboo Fin exit

In 2015, Svasti raised funds from billionaire Adar Poonawalla, who has subsequently invested in follow-on rounds in 2017, 2018 and in the current round as well

Liquidation of Voda-Idea may mean Rs 1.7-trillion hit for shareholders

A collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group

Hacker wants $5 mn ransom by Nov-end to solve Pemex cyberattack problems

Pemex has other ideas, saying it won't pay the ransom and hopes to solve the cyberattack problem today

Facebook says it removed 5.4 billion fake, abusive accounts this year

The detailed report also showed that government demands for user information hit a new high led by the US

Big aim for BigBasket as it eyes break-even across top 10 cities in FY20

Online grocer may close FY20 with Rs 5,300 cr in sales, says CEO Hari Menon

Govt objects to Voda CEO's comments on India JV being pushed to liquidation

Vodafone Plc, the parent entity, has said its chief's comments were reported out of context, presenting an incorrect picture

NBCC, Suraksha Realty asked to make fresh bids for Jaypee Infratech

The crisis-hit subsidiary of Jaiprakash Associates has an outstanding debt of nearly Rs 9,800 crore

Govt wants telcos to clear AGR dues in 3 months; relief package in works

The relief package may include a cut in licence fee, a two-year moratorium on payment

SpiceJet reports Rs 462-crore loss in Sep quarter on higher costs

The numbers could havebeen worse, if the Rs 171-crore compensation from aircraft manufacturer Boeing wasn't accounted for - a component that was contested by the airline's auditor

Persons with disabilities form less than 0.5% of staff in India's top firms

Their share in the general population is 2.21 per cent according to the 2011 census, and may be between 10-15 per cent going by global averages

JSW's Bhushan Power acquisition in deep freeze as ED refuses to relent

The ED is learnt to have told the tribunal and the MCA that doing so will first require amending the Prevention of Money Laundering Act

Growth trajectory for ABFRL to remain strong; Lifestyle, Pantaloons to lead

Its key segments of Lifestyle and Pantaloons are expected to post mid-teen growth

Business transition produces mixed results for ABB India; stock up over 2%

September quarter witnessed improvement in profitability, while business predictability took a knock

Big adversities and some mistakes: The story of Vodafone's fall in India

What adds to Nick Read's worries is the Supreme Court judgment, which has directed the telcos to pay their outstanding amount within three months

Vedanta emerges as the highest bidder for Jamkhani coal block in Odisha

This is the company's second coal block after Chotia coal block in Chhattisgarh that has an annual capacity of 1 million tonne

Future group ties up with US food major Dole for packaged food distribution

Kishore Biyani-led group has said that the present partnership is for distribution of Dole's packaged food in India; local manufacturing will follow

Tata Motors to raise up to $300 mn by issuing bonds in November

The company said the bonds will be issued to investors identified by the committee and will be listed on Singapore Exchange Securities Trading Ltd

Riding the wave of online sales, smartphone shipments continue to surge

Amid the protests against leading e-commerce firms, Flipkart and Amazon, shipments through the online route in fact witnessed a double-digit growth every quarter

MMTC slips into red, reports Rs 47.78-cr Sep-quarter loss; income also down

The company had posted a consolidated net profit of Rs 36.92 crore in the corresponding quarter previous fiscal, a regulatory filing showed

Freshworks valuation hits $3.5 bn after $150-mn Series-H fundraising

The financing, subject to customary closing conditions, including US antitrust regulatory clearance, is expected to close by year-end