Page 25 - Companies

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

Matter of joy and pride, says Gujarat CM as state tops Startup Ranking 2022

Gujarat Chief Minister Bhupendra Patel on Tuesday said it was a matter of joy and pride as the state was ranked number one for the fourth consecutive time in the State Startup Ranking 2022 announced by the Union Ministry of Commerce and Industry on Tuesday. The results were announced by Union Minister of Commerce and Industry Piyush Goyal at the Startup Awards & State Ranking Awards function in New Delhi wherein Gujarat was ranked top in the best performing state category for states with more than one crore population. "It is a matter of joy and pride for all of us that Gujarat has been declared the best performing state in the State Startup Ranking 2022 for creating a strong ecosystem in the state. This ranking has been given by evaluating the states on various yardsticks including funding support, mentor support, capacity building, and market access to startups," the chief minister said in his post on X. Gujarat is committed to contribute more towards realising the Startup ...

Resolve this: How India's insolvency process drags on, erodes asset value

Litigation tactics of corporate debtors and poor judicial infrastructure among reasons for delay

Gujarat, Kerala, K'taka best states in nurturing startup ecosystem: DPIIT

Gujarat and Karnataka are ranked as the 'best performers' in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade (DPIIT). Kerala, Tamil Nadu and Himachal Pradesh are also categorised as the best performers. The ranking is a yearly exercise under DPIIT that evaluates all states and Union Territories on their efforts to build an ecosystem conducive to startup growth. A total of 33 states and Union territories (UTs) participated in the exercise. They are ranked under five categories -- best performers, top performers, leaders, aspiring leaders and emerging startup ecosystems. The states and Union Territories were broadly divided into two sections based on their population size --those having more than 1 crore and the ones with less than 1 crore. Gujarat has been ranked as the best performer for the fourth time in a row. Karnataka has been ranked in this segment

Republic Day offer: Jio offers partner coupons, special benefits, and more

The coupons will become available in the user's MyJio account after recharging with the Rs 2,999 Jio prepaid plan

Tata Consumer Products plans Rs 3,500 cr rights issue for acquisitions

TCPL aims to diversify into high-margin, value-added food segments beyond commodities through its acquisitions of Capital Foods and Organic India, valued at Rs 7,000 crore

Bengaluru pips Delhi in terms of highest number of private cars in India

The drop is due to the Supreme Court's decision in October 2018 to ban diesel vehicles of more than 10 years of age and petrol vehicles of more than 15 years of age in Delhi to cut down pollution

CredAble records a two-fold increase in loan disbursements in 2023

The company plans to raise $50-75 million by June this year in its series C round

Novac Technology mulls expansion of footprint to Africa; expects 20% growth

This development follows Novac Technology Solutions' recent foray into Dubai through the establishment of its new subsidiary, Novac GT Technologies LLCN