Page 161 - Companies

Vietnam's Masan eyes international IPO for retail unit in 2023-2024

Vietnamese conglomerate Masan said on Monday it was considering launching an international initial public offering for its consumer retail unit The CrownX in 2023-2024

Shiprocket closes $185 mn funding round, led by Zomato, Temasek, Lightrock

E-commerce logistics firm Shiprocket said it has signed definitive agreements for a $185 million (Rs 1,380 crore) Series E funding round

India Ratings launches ESG relevance disclosure on rated companies

India Ratings and Research launched its integrated disclosure that shows how environmental, social, and governance (ESG) factors impact individual credit rating decisions

PDD signs power purchase agreement with SECI for solar project in Leh

The PPA was signed between chief engineer, PDD Ladakh, Ghulam Ahmad Mir and Senior Manager (Projects), SECI, Debajyoti Bordoloi

'Execution blunder': Better.com CEO apologises after firing 900 employees

Better.com CEO Vishal Garg fired 900 people last week via a Zoom call

Google to give all employees additional bonus of $1,600 this year

The latest benefit is in addition to Google's work-from-home allowance and well-being bonus

Major e-commerce companies failed to meet net zero-emission targets: Study

Majority of the companies in the last mile delivery sector have weak commitments in India, a latest study has found out.

Tata Motors 'to invest' Rs 7,500 cr in commercial vehicles, focus on EVs

Company reportedly working on a range of options that include short-range battery-operated vehicles for the last mile with small CV offerings

No extension in AGM deadline beyond June 30, 2022 for companies: MCA

MCA has said that its circular should not be construed as conferring any extension of time for holding annual general meetings by the companies under the Companies Act, 2013.

EV scooter startup Simple Energy to invest $330 mn for new Tamil Nadu units

Simple Energy plans to invest as much as 25 billion rupees ($330 million) in new capacity to make electric scooters, with support from the government in Tamil Nadu

Frequent CEO changes reduce cos potential to improve equity premium: Study

Companies that frequently changed chief executive officers (CEO) have reduced potential to improve equity premium, thereby hurting shareholders' long-term returns, according to a study. The study tracked a few Nifty 50 companies over a 15-year period. The companies with fewer CEO transitions enjoyed more than twice the average premium CAGR of 3 per cent, against those with frequent chief executive transitions during the period, as per the study. The finding was part of a study conducted by Deloitte India on "What sets outperforming CEOs apart and how boards can help". It analysed the financial performance of companies after the appointment of the new CEO. Stability and continuity of CEOs and their policies ensured higher returns, the study noted. Most resignations or removals occurred in the services industry compared to the manufacturing industry, it added. Services companies saw appointments of relatively younger CEOs. Among other findings, it was also found that outperformin

Star Health cuts IPO size to about $848 mn after tepid subscription

Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees

Visa launches crypto advisory service for financial institutions, merchants

Visa Inc launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of digital currencies gains steam

Meta unveils new office in India, company's 1st such stand-alone in Asia

In a bid to scale its India operations, Meta (formerly Facebook), on Wednesday unveiled its new office here which is said to be the company's first stand-alone office in Asia.

Audio OTT app Pocket FM raises $22.4mn funding in round led by Lightspeed

Company registered over 40 million downloads and 3 billion monthly listening minutes since its launch in 2018

Bata India to bet on franchise model for expansion in near future

Bata, while announcing its results for Q2FY22, said that it continued with its retail expansion drive in tier 3-5 cities through franchise route, taking the overall tally to 270+ as on date

Omicron may throw a wrench in companies' plans to return to office

Company executives are beginning to consider different permanent work models for their employees as pandemic, and the spread of the Omicron variant, destabilise their latest return-to-office plans.

Greenko group embarks on dollar bond issuance to refinance project debt

Greenko is one of the country's leading renewable-energy companies with an operating capacity of 5.2 GW and 138 projects across 14 states

Indian companies were progressive during Covid-19 pandemic: Study

97 per cent of them having an active short-term incentive plan for in-year performance recog­ni­ti­on

D2C footwear brand Neeman's raises Rs 7 cr in debt from Stride Ventures

The sustainable footwear brand was founded two and a half years back and has sold 250,000 pairs of footwear since then.