Page 950 - Company News

Explained: What's working and what next for Paytm Payments Bank?

Users on the Paytm app will be able to use UPI services, recharge, pay bills as well as use Paytm QR, Soundbox, card machine, movie bookings, and financial services

RBI imposes Rs 8.80 lakh fine on Power Finance Corp for norm violation

The PFC did not adhere to specific provisions of the RBI's directives on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies

PhonePe adds former revenue secretary, 2 Walmart executives to its board

The strengthening of PhonePe's board comes at a time when the government is tightening the regulatory framework. PhonePe's rival Paytm is already facing multiple issues

Biocon gets USFDA approval to market generic anti-cancer medication

The approval will further strengthen the company's portfolio of vertically integrated, complex drug products, Biocon said in a regulatory filing

Ashok Leyland would move towards 35% mkt share in MHCV segments: Hinduja

The Chennai headquartered company reported a 61 per cent rise in net profit of Rs 580 crore on the back of robust sales. The company had posted a net profit of Rs 361 crore in the year-ago period

JB Pharma Q3 results: Profit after tax rises 26% on strong India biz

The domestic formulation business has been the growth driver during the quarter, clocking a 14 per cent Y-o-Y growth to Rs 462 crore

Entero Healthcare Solutions set to launch Rs 1,600-crore IPO on February 9

In FY23, Entero Healthcare reported Rs 33,00.20 crore in revenue from operations with a gross profit of Rs 268.34 crore

MakeMyTrip, PolicyBazaar warn RBI of fintech hit after Paytm crackdown

There are concerns about the broader impact on India's fin-tech sector which the government says raised $5.6 billion in 2022, as digital payments and the use of smartphones and the internet boomed

Inox Wind ties up with German firm for new series of turbine generators

Under the agreement, Wind to Energy (W2E) will share its technology and design for the 4.X MW series wind turbine generators (WTG), Inox Wind Ltd (IWL) said in a statement

FIU, ED seek report from RBI on action taken to bar Paytm's banking unit

The Enforcement Directorate (ED) has asked the RBI to share its latest report so that it can analyse if it needs to initiate a probe against PPBL

Petronet signs a new long-term agreement to source LNG from Qatar

An existing deal for another 7.5 MMTPA of LNG from Qatar, signed back in 1999, was also recently extended by the company till 2028

Maruti aims to open 100 Nexa service workshops in non-urban areas in FY25

MSIL sells its more expensive cars such as Grand Vitara, Jimny, and Fronx through Nexa retail channel, while the others are sold through Arena retail channel

Maruti launches compact format Nexa service workshops for non-urban areas

Through this strategic move the auto major aims to bring the Nexa service experience to customers in non-urban centres, the company said in a statement

Urban Company launches policy to support service partners facing abuse

The company said it would also release a series of videos to raise awareness about domestic violence and abuse, and how its service professionals can report it

Maruti ordered to refund car's price as airbag did not deploy in accident

The Malappuram District Consumer Commission issued the order based on a complaint filed by Mohammed Musliar, a native of Indianoor in this northern district

Swiss GRC targets revenue of $10 million from Indian market in FY25

SwissGRC co-founder and CEO Besfort Kuqi said India has a complex regulatory landscape and industry-specific regulatory compliance requirements

LIC Mutual Fund Asset Management appoints Ravi Kumar Jha as MD & CEO

Jha has worked for over 30 years with LIC and has handled diverse positions. He was serving as executive of corporate strategy till December 2023 at the company

State Bank to buy out SBI Capital Markets' stake in SBICAP Ventures

The bank said that SBICAP Ventures is engaged in the business of asset and investment management having assets under management (AUM) to the tune of Rs 33,055 crore as of December 2023

Real improvement in Arpu to come only with tariff repair: Airtel MD Vittal

During the company's Q3 investor call, Bharti Airtel Managing Director Gopal Vittal asserted it is not a question of whether tariff repair will happen, but rather when it will happen

Paytm crackdown spooks merchants; Walmart, Google targeting same vendors

Cash was once king in India, but Paytm is credited with revolutionising India's digital payments market which is set to be worth $10 trillion by 2026