Page 942 - Company News

Paytm PB aftershocks: Fintechs step up customer outreach with target ads

While Paytm remains the leading player in the PoS segment, competition is heating up

Can work with Paytm if RBI permits: Axis Bank CEO Amitabh Chaudhry

New aspects being discussed after Jan 31 decision, said an exec of the bank

IOCL, ArcelorMittal get nod for arbitration to resolve Essar Steel dispute

Paving the way for arbitration, the SC bench asked the IOC, the ArcelorMittal firm to nominate two arbitrators within a week. The two arbitrators will then nominate the third for resolving the dispute

IPO-bound Arkade Developers plans Rs 700 cr investment in 3 projects

Last week, the company received the regulatory nod to launch a Rs 430 crore initial share sale and part of the proceeds will be used for the investment

Lack of full Bench takes a toll on SAT's functioning and efficiency

Industry players fear that if the Bench is not restored soon, it could hamper the fundraising and expansion plans of companies with pending litigation

Religare Enterprises board, Burman family of Dabur spar over open offer

A spokesperson for Burmans said that the banking regulator has taken note of the non-cooperation by Religare and has directed Religare to make the necessary applications to the banking regulator

Physics Wallah founder waives off fee worth Rs 17 cr for 51,000 students

'We aim to encourage them and provide hope that we stand by them, and financial constraints won't hinder their Right to Education,' Pandey said

UdaanCapital disburses Rs 170 cr to Saint Gobain's distribution network

"We believe in forging strong partnerships to advance our goal of building next-generation working capital products for India's trade," said Chaitanya Adapa, Head of UdaanCapital

Jupiter Wagons switching tracks: To expand rail supply chain beyond wagons

The company is looking to increase its brake disc business to Rs 1,000 crore in the next three to four years

Govt nod for OCL investment in Paytm Payment Services awaited, says Paytm

However, in November 2022, RBI rejected PPSL's application and asked the company to resubmit it, so as to comply with Press Note 3 under FDI rules

Independent director Manju Agarwal quits Paytm Payments Bank board

"We hereby submit that PPBL is our associate entity and this event is not deemed material for the company and does not impact the operations/business of the company," OCL said

IRIS Business Services Q3 results: Profit increases 19% to Rs 1.76 crore

Revenue in April-December FY24 was Rs 72.35 crore as against Rs 53.47 crore in the year-ago period, the company said in a regulatory filing

Panasonic unveils smart, IoT powered models across inverter AC range

This also includes India's first matter-enabled room ACs, powered by its IoT platform Miraie, a statement from Panasonic Life Solutions India (PLSIND) said

SC allows IOC-ArcelorMittal Nippon Steel to resolve dispute via arbitration

The dispute is related to Essar Steel India Limited (ESIL), which was acquired by AMNS through the insolvency resolution process in 2019

Novo Nordisk's major shareholder plans to invest about $35 bn by 2030

For Novo Holdings, which invests in life science companies and had assets of 108 billion euros ($115.86 billion) at end-2022, its recent investment in India was its largest in Asia to date

Jaypee Infratech insolvency: Panel seeks nod for Suraksha's resolution plan

In a regulatory filing Jaypee Infratech said there would be a delay in filing of its annual results for 2022-23 fiscal and the results for the first three quarters of the current financial year

SWRE places orders with Nextracker for solar trackers for Gujarat projects

SWRE is implementing solar projects at NTPC Renewable Energy Ltd's (NTPCREL) solar park in Khavda, Rann of Kutch, a company statement said

Dr Reddy's Laboratories R&D facility gets VAI status in USFDA inspection

Last year in December, during the Good Manufacturing Practice (GMP) and Pre-Approval Inspection at the same facility concluded with three observations

RBI Guv rules out possibility of review in action taken against Paytm PB

The governor said any decision against entities regulated by the RBI is taken after a comprehensive assessment

Brookfield India Real Estate Trust to distribute Rs 209 cr to unitholders

In a regulatory filing, the company said it will distribute Rs 208.56 crore at Rs 4.75 per unit to unit holders for the December quarter