Page 826 - Company News

Blinkit more valuable than Zomato's food delivery business: Goldman Sachs

Initially viewed as a daring rescue mission, Zomato's acquisition of Blinkit in 2022 rattled investors, causing a 20 per cent dip in Zomato's share prices

CRED to roll out payment checkout terminals to merchants this year

The devices will be interoperable and UPI users can pay through the checkout terminals using any application

Delhi HC allows request by Go First lessors for aircraft deregistration

"DGCA shall forthwith and not later than five working days process the deregistration applications filed by the 54 aircrafts," the court said

APSEZ's Vizhinjam Port gets nod to run as India's first transshipment hub

In December 2015, Adani Ports and Special Economic Zone Limited (APSEZ) initiated the international transshipment project in Vizhinjam, Kerala

India receives oil cargo in Russian SCF tanker after brief halt: Report

The SCF Baltica, carrying 90,000 metric tons of fuel oil for Reliance Industries was expected to leave the port later on Friday after full discharge, source said

Shaurya Aeronautics, Russian firm awarded management of Matta airport

Mattala Airport, named after former president Mahinda Rajapaksa, was one of the major infrastructure projects of Rajapaksa's nearly decade-long rule

Sandur Manganese & Iron Ores to acquire 80% stake in Arjas Steel

The company did not reveal the financial details of the deal. However, the enterprise value of Arjas Steel Pvt Ltd (ASPL) is Rs 3,000 crore

RIL gets S&P, Fitch thumbs-up as strong earnings keep leverage in check

The oil-to-telecom-and-retail conglomerate's growth aspirations remain intact, it said, adding the company has ramped up investments in the media business in recent months

Hindustan Unilever eyes growth in beauty segment amid market expansion

HUL will focus on face cleansing, sun care, light moisture, serums, body care, and masstige skincare

Tata Electronics developing high-precision machines to build iPhone casings

The company has partnered with two Indian companies to enhance its capabilities and intends to eventually export these complex machines

YouTube, Google Cloud to bring in $100 billion this year: Sundar Pichai

Alphabet reported revenue of $80.5 billion for the 2024 January- March quarter, up 15 per cent from last year, with operating income surging by 46.3 per cent and net income by 57 per cent

ITC expands global footprint with maiden overseas hotel in Colombo

The newly inaugurated property, ITC Ratnadipa, situated on prime sea-facing land spanning 5.86 acres in Colombo, boasts 352 guest rooms, suites, and service apartments

IPL viewership on Disney Star after 34 matches up 18% at 475 million: Barc

MI vs CSK witnessed 63 million concurrent viewers tuning in during Dhoni's batting, making it the highest for this season

Unilever says Lifebuoy and Lux impacted by cost deflation in India

Unilever also flags pricing challenges in its fabric cleaning segment, fuelled by unforeseen cost declines in laundry powders

Food delivery major Swiggy gets one step closer to $1.25 billion IPO

Shareholders' nod to raise $450 mn via fresh issue, $800 mn via OFS

Audi India to hike prices by 2% starting June 2024 amid rising input costs

The recent financial year witnessed Audi India retail 7,027 units, marking an overall growth of 33 per cent

Happiest Minds to acquire Noida-based PureSoftware for $94.5 million

The IT company aims to boost its domain capabilities in BFSI, healthcare and life sciences through this acquisition

FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny

For the year ended March 31, 2023, its losses jumped six times to $57.6 million, while its total income more than doubled to $684 million, its draft papers show

India's biggest FPO in the bag: Birla says Vi to make 'smart turnaround'

India deserves three private telecom companies, says chairman of Aditya Birla Group

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

The regulator put restrictions on the bank citing gaps in the IT systems which the lender failed to address