Page 25 - Companies

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

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

NCLT issues notice on Zee's plea seeking directions for Sony merger

NCLT has granted two weeks to Sony to file its reply and listed the case for hearing on March 12

S P Apparels announces acquisition of Young Brand Apparel for Rs 223 cr

This includes the garment unit situated at Palladam of Bannari Amman Spinning Mills, and the land and building situated at SIPCOT

Vanguard slashes Ola's valuation by another 29% to $1.88 billion

Last year in February, Vanguard marked down the valuation of ANI Technologies by about 34 per cent to $4.8 billion from $7.3 billion

Thyrocare acquires Think Health Diagnostics, expands into home ECG services

With this strategic acquisition, Thyrocare will expand its footprint in the pre-policy medical check-up segment for the insurance market

Tata, Israel's Tower Semiconductor among bidders for SCL Mohali revamp: Rpt

To enable SCL to manufacture modern chips, starting with 40 and 65 nm chips, the IT ministry had earmarked $1 billion for its modernisation

Swiggy revenue jumps 45% to Rs 8,625 cr in FY23, loss widens to Rs 4,179 cr

The SoftBank-backed food delivery firm's financial performance comes at a time when Swiggy is eyeing an up to $1 billion domestic initial public offering (IPO) this year

Promoter family to increase stake in Zee to 26% eventually: Subhash Chandra

Chandra also said that as a promoter, he was "seriously considering" filing a criminal case against Sony

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