Page 137 - Companies

Zomato's Blinkit acquisition may delay its road to profitability: Analysts

Due to limited financial and operating data, and intense competition, we forecast Blinkit to turn profitable only by FY27. Thus, he path to profitability for Zomato may get extended from FY25 to FY26

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Solv raises $40 million in funding round led by Japan's SBI Holdings

Solv, a marketplace for small businesses, on Monday said it has raised USD 40 million (about Rs 310 crore) in funding led by Japan's SBI Holdings

Crypto exchange FTX acquiring stake in lending firm BlockFi: Report

Leading crypto change is reportedly acquiring a stake in the beleaguered crypto lending firm BlockFi, as the crypto industry faces meltdown

ASICS expects 50% of sales from online channel in India in 2-3 years

Japanese sportswear major ASICS expects online channel to account for 50 per cent of its total sales in India in the next two-three years with consumers

Tata Capital to raise Rs 20,000 crore as fresh debt, expand retail book

TataNeu helps company to onboard new customer

Dish TV EGM: Shareholders reject Jawahar Goel's reappointment as MD

Appointment of R C Venkateish as independent director also turned down; proxy advisory firm says company will have to appoint interim CEO

Global M&A braces for dry spell as boardrooms put expansion on hold

Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity

World MSME Day: Oyo announces special 60% discount for small businesses

Approx 2,000 properties across the country will be covered under this scheme

Spandana Sphoorty-Reddy settlement clears way for announcing FY22 results

Padmaja Reddy resigned from her position as the managing director of the company on November 2, 2021. Subsequently, certain disputes arose between Reddy and the board

Corporate profit-to-GDP ratio attains 11-year high of 4.3% in FY22

Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions

Xpressbees extends same-day delivery for D2Cs to 1,000 cities, towns

Ecommerce logistics provider Xpressbees on Tuesday said it has extended its same-day delivery service for D2C brands to over 1,000 cities and towns

Nomura names Jwalant Nanavati as Southeast Asia investment banking head

Hong Kong-based Nanavati, who joined Nomura nearly four years ago to head its Asia ex-Japan technology, media and telecom (TMT) investment banking team, will take over the new role from July 1

India-focused funds on road to raising around $9.8 bn in CY22: Data

While $9.8 billion is the target for the year, about 18 India-focused funds have already raised $1.74 billion. But what is more substantial is the fact that Asia-focused dry powder is $173.4 billion

As China deals with Covid, nearly 1 in 4 European firms consider moving out

Of the firms considering a shift in investment, 16% said they were looking at relocating to Southeast Asia, while 18% said they were looking elsewhere in the Asia-Pacific region

Does reputation no longer matter for today's companies and politicians?

In today's practical age, whether a country offends your religious sensibilities can be overlooked if it is a key customer for your gas or oil, writes T N Ninan

LTI's net headcount set to go up this year, sees no decline in demand

LTI closed FY22 with a total headcount of 46,648 and the addition in the last financial year was more than what it had seen in the previous two years

Private placements at lowest since 2014; total money raised down 23%

A combination of lower requirements and higher interest rates are said to have acted as a dampener

Only 12% companies are utilising AI to outpace their rivals: Report

Only 12 per cent of organisations that use AI are doing it at a maturity level to achieve a strong competitive advantage while the rest are still experimenting with the technology, a new report said

Relocation startup HappyLocate to hire 600 employees this financial year

Tech-based one-stop relocation platform HappyLocate on Tuesday said it is planning to hire over 600 employees this financial year in line with its expansion plans