Page 69 - Companies

Twitter asks companies to pay for check marks, spend monthly to advertise

Businesses that already spend $1,000 a month on ads will be allowed to continue and will be given a gold check mark, the company added

RIL may be a greater threat to D2C FMCG brands, says Kantar report

Reliance, which is now active in a variety of fast-moving consumer goods businesses, might pose a challenge to these smaller online-only firms, the report said

With nearly 100% stock returns in 16 months ITC is in no hurry to win

The unhurried pace of ITC, not controlled by any business family, has been reassuring

HDFC Capital to hike stake in proptech startup Reloy by up to 2.4%

HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on Wednesday, HDFC Capital Advisors will acquire 1.67 lakh compulsory convertible preference share (CCPS), which post allotment will be equivalent to additional 1.8 per cent to 2.4 per cent stake in Loyalie (Reloy). The preference shares are proposed to be acquired at Rs 89.81 per equity share, taking the transaction value to Rs 1.49 crore. In March last year, HDFC Capital had acquired a 7.2 per cent equity stake in Loyalie IT Solutions Pvt Ltd (Reloy) for Rs 1.1 crore. Founded by Akhil Sharaf in 2018, Reloy has been working closely with top real estate developers to create the perfect home owning journey through their customer loyalty programmes. In the regulatory filing, Housing Development Finance Corporation (HDFC) sai

Jet Airways' fate in jeopardy as NCLT deadline for Jalan-Kalrock nears

The expiry of the airline's air operator's permit (AOP) is also due on May 19

Hinduja Housing Finance to raise Rs 800 cr via capital bond, debentures

Maiden bond issue to diversify fund sourcing; seeks 30% growth YoY for 3 years

'Brokerage rates in India are among the lowest, need re-evaluation'

Ravi Kumar says float income generated by the industry is indeed facing challenges and brokerage rates could edge higher

Orders of Blinkit rivals surge as workers strike in Delhi-NCR continues

The delivery executives are seeking a reversal of the pay-out structure, which they claim is causing a reduction in their earnings

Over 76 firms ink non-disclosure agreement with govt to use ULIP data

Over 76 firms have signed non-disclosure agreements with the government to access data from the Unified Logistics Interface Platform, an official said on Monday. The Unified Logistics Interface Platform (ULIP) was launched on September 17 last year as part of the national logistics policy. It is a digital gateway for enabling industry players to access logistics-related datasets from various government systems through request and response-based application programming interface (API) integration. National Industrial Corridor Development Corporation Limited Vice President Abhishek Chaudhary said that over 76 agreements have been signed with the private players. He said that 15-20 more are in the pipeline to sign these pacts. The firms that have signed these agreements include MapMyIndia, CargoExchange, Freight Fox, Conmove, Intugine, Eikonatech, Superprocure, CargoShakti, CloudStrats, and Shyplite. The ULIP platform will enable the industry players to get secure access to informat

NTPC to build more coal plants this year to meet soaring power demand

The projects underscore how even as India sets ambitious long-term decarbonization targets, in the near term it will continue to rely on the dirtiest fossil fuel to meet rapidly growing power demand

Number of startups rose to 90,000 in nine years, says Ashwini Vaishnaw

Union minister Ashwini Vaishnaw on Thursday said that in the last nine years, the number of startups in the country increased to 90,000 due to promotion of the startup culture by the Modi government. He said the central government is trying to make Rajasthan the first IT hub of the country but it is possible when the state government also cooperates on this front, according to a release. The minister was speaking at the inauguration of Software Technology Parks of India (STPI) centre here. To meet the growing needs of IT industry and entrepreneurship in the state, STPI has set up an incubation facility at Sitapura Industrial Area. He said that setting up of the STPI centre in Jaipur would help in making Rajasthan an electronics manufacturing hub. Jaipur MP Ramcharan Bohra, mayor of Jaipur Greater Municipal Corporation Somya Gurjar and others were also present.

Softbank moves to slash Alibaba stake fueling a $13 billion slump

The contracts give SoftBank the option to buy the shares back, but the group has settled previous deals by handing over the stock

MRF second strongest tyre brand in the world: Brand Finance report

MRF scored well in almost all parameters and has also been named the world's second fastest-growing tyre brand. It has scored 83.2 out of 100 in brand strength and was awarded a AAA- brand rating

Exports of Made in India iPhones rise 4 times in FY23, tops $5 bn: Report

Owing to this, India's overall smartphone exports crossed $10 billion for the first time in FY23

Mercedes-Benz's India sales jump 36% in FY23; female customer base doubles

The company is assigning dedicated key account managers for 8,000 TEV customers. He said more TEV customers will be assigned such managers

Weak sales growth weighs on Avenue Supermarts, operational parameters weak

Stock correction was also on account of margin concerns

Sebi resolves 2,838 complaints against firms via SCORES platform in March

A total of 2,838 complaints against companies and market intermediaries were disposed of through Sebi's SCORES platform in March. At the beginning of March, as many as 2,241 complaints were pending and 2,643 fresh complaints were received during the month, the data released by Sebi on Monday showed. The regulator also noted that as of March 2023, 13 complaints were pending for more than three months. These complaints were related to investment adviser, research analyst and takeover/ restructuring. The average resolution time for a complaint was 29 days, it added. In a separate public notice, Sebi mentioned eight entities against whom complaints have been pending for more than three months on SCORES as of March 2023. These entities are Research Guru, Rajiv Kumar Singh (proprietor Elite Investment Advisory Services), Grovalue Financial Services, Ankur Jain, Wealth Factor, Kaushal Mehta, Nestra Capital and Brightcom Group Ltd. SCORES is a grievance redressal system that was launche

Beauty major VLCC appoints Vikas Gupta as CEO with immediate effect

Prior to joining VLCC, Gupta was the CEO of SuperStore by Nykaa. Before that he was the chief customer and marketing officer for Flipkart between 2019-21

Tata Group to set up Air India's new ground handling business: Report

The new company may also include an aviation training academy

Registrar of Companies to crack down on law violators with new reforms

Registrar of Companies expect to conduct a more detailed analysis of transactions involving companies that draw attention due to certain regulatory concerns