Page 24 - Companies

Rana Talwar: Indian trailblazer who took Citi, StanC to new heights

Talwar, the son-in-law of real estate tycoon KP Singh, chairman emeritus of DLF, also served on the board as a non-executive director

Large shareholders may nudge Zee Entertainment board on action plan

Share prices of Zee nosedived after collapse of its merger agreement with Sony Pictures Networks

Zomato Payments gets RBI approval to operate as payment aggregator

January 24 2024 onwards, ZPPL has the authorisation to act as a payment aggregator and issuer of prepaid payment instrument

Focus on reducing losses, bring in efficiency: Byju's India CFO Golani

The company has taken various measures to improve the company's operating financial conditions including scaling down the underperforming businesses significantly

Survival of family firms under threat amid shortage of capable heirs

Even if family companies grow to be behemoths like Succession's Waystar RoyCo, family companies are inherently fragile organisations

MakeMyTrip logs highest-ever quarterly gross bookings at $2.08 billion

The online travel services platform delivered its highest-ever quarterly gross bookings during Q3 FY24

Byju's reports Rs 5,014 cr in operating revenue, Rs 8,245 in losses in FY22

Edtech giant grapples with financial challenges as auditors raise concerns over $1.2 billion term loan

Fintech firm Quinte, Tamil Nadu sign deal to set up development centres

US-based company will use state's 'talent pool' to establish artificial intelligence, machine learning banking operations

Groww faces technical glitches, users complain of login issues on app

Users expressed frustration with the trading app on social media, asking for compensation from the platform for losses accrued

Tamilnad Mercantile Bank reports Rs 284 crore net profit in third quarter

The bank's total income increased by 18 per cent to Rs 1,387 crore during the quarter under review, compared with Rs 1,173 crore in the corresponding quarter last year

Reliance Retail Q3 results: Net profit surges 32% to Rs 3,165 crore

Reliance Retail continued to expand and added 252 new stores in the quarter and also saw its footfalls cross 282 million across formats

Sun Pharma to acquire remaining stake in Israeli firm Taro for Rs 2,892 cr

Merger would pave the way for Sun to consolidate its position in the US market, say analysts

Jet Airways case: SC deals blow to JKC, orders Rs 150 crore bank guarantee

The Supreme Court ruled that if Jalan Kalrock Consortium (JKC) fails to furnish the bank guarantee, legal penalties will follow

Commerce and industry ministry requests unicorns to mentor startups

The commerce and industry ministry has urged the unicorn startups to mentor budding entrepreneurs through government-backed MAARG portal, an official said. The MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth) platform was launched in January last year to facilitate mentorship for startups across diverse sectors, and geographies. It was suggested during a meeting between Commerce and Industry Minister Piyush Goyal and senior representatives of 40 unicorn startups like Lenskart, Zerodha, and Boat here on January 17. On the other hand, the companies asked for a better funding mechanism and lower rates of interest to increase their growth prospects. Issues which figure in the meeting included sustainable growth, India's positioning in the global startup landscape and mobilisation of domestic capital for the larger startup ecosystem. It was suggested to them to provide at least 30 minutes of mentorship to budding startups, the official said. Startup firms valued over U

Battery maker IBC raises $35 mn to fund manufacturing expansion in India

Company says it is developing products are safe at high temperatures and have a longer life

Asian Paints Q3 PAT rises 35% to Rs 1,448 cr, net sales at Rs 9,103 cr

Its decorative and industrial coatings business saw a combined value growth of 6.1 per cent, with a strong double-digit industrial coatings value growth

Indel Money launches fourth public issue of NCDs, aims to raise Rs 200 cr

The company had launched three public issues of NCDs since 2021 and raised more than Rs 260 crore

Andamans recognised as 'aspiring leader' in states' startup ranking: DPIIT

The Andaman and Nicobar Islands have been recognised as an Aspiring Leader' in the latest States' Startup Ranking of the Department for Promotion of Industry and Internal Trade (DPIIT), officials said. There are 53 recognised startups, including 22 ventures led by women, in the entire archipelago, they said. The key sectors include construction and engineering, travel and tourism and IT. The Andaman and Nicobar Islands have stood out among its counterparts, showcasing the potential to become a prominent hub for emerging businesses and startups among the B' category states (population of less than 1 crore), a senior official said. We are delighted to receive the prestigious title of Aspiring leader' (in the 4th edition of the States' Startup Ranking). The recognition fits very well with our consistent and persistent efforts to establish Andaman and Nicobar Islands as a thriving hub for startups across various domains and sectors, Nikhil Kumar, Commissioner-cum-Secretary (Industries),

IndiGo schedules system upgrade on website, app amid travel disruptions

Passengers from other IndiGo flights have complained about mismanagement, long queues and lack of support from the airlines as flights face major delays due to weather conditions in Delhi

The pandemic impact: PepsiCo India lines up offerings for expansion

Earlier this month, the fast-moving consumer goods (FMCG) major launched three variants under its Quaker Oats brand