Page 145 - Companies

IndiGo to seek shareholders' nod for Rahul Bhatia's appointment as MD

InterGlobe Aviation will seek shareholders' approval for appointment of co-founder Rahul Bhatia as the Managing Director

Tencent-backed Sea's $16-bn crash signals trouble beyond India shutout

Sea Ltd. lost more than $16 billion of value in its biggest daily market drop after India abruptly banned its most popular mobile gaming title

Intel acquires Israeli chip maker Tower Semiconductor for $5.4 bn

Chip-maker Intel confirmed it is acquiring Israeli contract chip manufacturer Tower Semiconductor for approximately $5.4 billion.

Related-party trouble

Seeking shareholder approval would impede normal functioning

Paytm gross merchandise value doubles to Rs 83,481 cr in January

Digital payments and financial service firm Paytm on Monday said gross merchandise value (GMV) processed through its platform more than doubled to Rs 83,481 crore in January.

YES Bank seeks redemption of tier-II bonds worth Rs 1,763 crore

This is part of its plan to retire high-cost instruments before close of the current financial

How Tata Steel's bid for ailing NINL fits in with the major's strategy

On January 31 - the eve of the Union Budget - Tata Steel Long Products, a subsidiary of Tata Steel, was declared the winning bidder for a 93.71 per cent stake in Neelachal Ispat Nigam Limited

Cos can gain $357 bn in profits a year with people focus, ESG: Infosys arm

While digital adoption and ESG orientation individually drive profits, they are more effective together, says the Infosys Digital Radar 2022 report

Dubai and India's financial regulators seek closer cooperation

Dubai's financial regulator and India's International Financial Services Centre Authority have signed a memorandum of understanding to increase supervision, enforcement and oversight on companies

FMCG major Dabur India's healthy run comes riding on growth triggers

Distribution, new product contribution, and portfolio expansion are positive

Logistics company Shiprocket invests $1.5 million in Logibricks

Tech-enabled logistics and fulfilment firm Shiprocket has invested $1.5 million in Logibricks for product revamp, talent acquisition and product innovation, among others.

Micro gold savings app Jar raises $32 million led by Tiger Global

Fintech startup firm Jar said it has raised USD 32 million (about Rs 240 crore) in a Series A round funding led by Tiger Global.

Barbeque-Nation Hospitality net profit at Rs 14.83 crore in Dec quarter

Barbeque-Nation Hospitality Ltd reported a consolidated net profit of Rs 14.83 crore for the third quarter ended December 2021.

ReNew Energy Global announces a share buyback worth $250 million

ReNew Energy Global (ReNew), the listed parent of Indian renewable energy company ReNew Power, has announced a share buyback worth $250 million just six months after getting listed on the Nasdaq index

Home First eyes 30% jump in loan sales at Rs 5,600 crore in FY22

Affordable housing-focused Home First Finance is bullish on the market and is on course to disburse 30 per cent more loans over the last fiscal to close this year

Brigade Enterprises posts Rs 78 cr profit in Dec quarter; revenue up 43%

Bengaluru-based realty firm Brigade Enterprises Ltd on Thursday reported a consolidated net profit of Rs 78.36 crore for the quarter ended December. The company had posted a net loss of Rs 16.12 crore in the year-ago period. Total income rose to Rs 933.19 crore in the third quarter of this fiscal, from Rs 653.65 crore in the corresponding period of the previous year, according to a regulatory filing.

Manyavar-owner Vedant Fashions collects Rs 945 cr from anchor investors

Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, on Thursday said it has garnered Rs 945 crore from anchor investors, ahead of its IPO roll-out on Friday

Blue Star consolidated net profit rises 29% at Rs 48 crore in Dec quarter

Air conditioner and commercial refrigerator maker Blue Star Ltd reported 29.37 per cent rise in consolidated net profit at Rs 47.57 crore for the third quarter ended December 2021.

Homes textiles major Welspun India Q3 net falls 25% to Rs 131 crore

Homes textiles major Welspun India Ltd reported a 25 per cent decline in consolidated net profit at Rs 131.06 crore for the third quarter ended December 2021.

Thomas Cook (India) Q3 consolidated net loss narrows to Rs 25 crore

Travel services provider Thomas Cook (India) Ltd on Thursday reported narrowing of its consolidated net loss at Rs 24.59 crore for the third quarter ended December 2021. The company had posted a consolidated net loss of Rs 66.24 crore in the same quarter last fiscal, Thomas Cook (India) said in a regulatory filing. Consolidated total income from operations stood at Rs 750.25 crore, as compared to Rs 271.42 crore in the year-ago quarter. Total expenses jumped to Rs 786.69 crore from Rs 360.75 crore earlier. The lockdowns and restrictions imposed from time to time on various activities due to the COVID-19 pandemic have posed challenges to all the businesses of the company and its subsidiaries and associates, Thomas Cook (India) said. While initial restrictions such as cessation of air traffic and other forms of public transport and closure of hotel operations have been relaxed over the past few quarters, the second and third waves of the pandemic have been a serious hindrance to ...