Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-challenges-indias-antitrust-suspension-of-2019-future-deal-sources/articleshow/88787750.cmsSynopsis India’s antitrust agency suspended its approval of Amazon.com’s 2019 deal with Future Group last month, potentially denting the U.S. e-commerce giant’s attempts to
Category: Company Specific News
TCS board to consider share buyback plan on January 12 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/tcs-board-to-consider-share-buyback-plan-on-january-12/article38177681.ece This will be the fourth buyback offer from TCS Tata Consultancy Services has announced that its board will consider on January 12 a
reliance-dunzo deal: $240 million delivered, Reliance Retail picks up 25.8% stake in Dunzo – The Economic Times
lipped from: https://economictimes.indiatimes.com/tech/startups/reliance-retail-picks-up-25-8-stake-in-dunzo-leads-240-million-funding/articleshow/88733921.cmsSynopsis The Reliance-Dunzo deal has more than doubled the valuation of the Bengaluru-based startup to $775 million. Dunzo is planning an IPO in the
Delhi HC dismisses Future Group’s plea for termination of Amazon arbitration – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/india-court-dismisses-futures-plea-to-declare-arbitration-with-amazon-illegal/articleshow/88690498.cmsSynopsis The ruling came after Future urged a New Delhi judge that given India’s antitrust agency had suspended a 2019 deal used by Amazon
‘EaseMyTrip is looking to become a complete travel ecosystem’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/easemytrip-is-looking-to-become-a-complete-travel-ecosystem/article38115549.ece Yet to see any impact of Omicron on the travel industry: Co-founder Prashant Pitti It will be a cautiously optimistic year for the
70% of our business comes from online channels, says Varun Alagh, CEO of Honasa Consumer – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/70-of-our-business-comes-from-online-channels-says-varun-alagh-ceo-of-honasa-consumer/article38107764.ece Becomes the first unicorn of 2022 at a valuation of $1.2 bn, plans to use the recent funding to expand in international markets
Reliance New Energy Solar becomes promoter in Sterling and Wilson Renewable Energy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/reliance-new-energy-solar-becomes-promoter-in-sterling-and-wilson-renewable-energy/article38105435.ece Reliance ccquires 15.46 per cent stake through preferential allotment of shares Reliance New Energy Solar Ltd, a wholly-owned unit of Reliance Industries Ltd,
How l’affaire RBL Bank may impact RBI’s equation with entities it regulates | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/how-l-affaire-rbl-bank-may-impact-rbi-s-equation-with-entities-it-regulates-122010200992_1.html Private banks’ CEO tenures have been in the spotlight since the RBI released its discussion paper on governance in commercial banks in 2020
Segment-based health products will be our path: Niva Bupa CEO Krishnan Ramachandran – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/segment-based-health-products-will-be-our-path-niva-bupa-ceo-krishnan-ramachandran/article38097844.ece The firm grew 70% in FY21, as compared to the industry growth of 41%, supported by strong retail business It has embarked on
Paytm-Insuretech deal rejected; Irdai not comfortable with investment plan | Business Standard News
lipped from: https://www.business-standard.com/article/companies/paytm-insuretech-deal-rejected-irdai-not-comfortable-with-investment-plan-122010300043_1.html Paytm’s links with Chinese investors might have halted approval by Irdai The proposed buyout of general insurance company RahejaQBE by Paytm Insuretech has not found favour
Auditors cast doubts over SpiceJet’s ability to continue as a going concern – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/auditors-cast-doubts-over-spicejets-ability-to-continue-as-a-going-concern/article38094438.ece Flag defaults on payment of tax, GST and employee PF totalling ₹90 crore Auditors have cast a doubt on the ability of debt-laden
We are close to doubling revenue in FY22: Mamaearth CEO Varun Alagh | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/we-are-close-to-doubling-revenue-in-fy22-mamaearth-ceo-varun-alagh-122010200456_1.html On Saturday, Mamaearth became the first start-up to enter the unicorn club in 2022 with a $52 million fundraise Varun Alagh Mamaearth started as
Swiggy receives 9,500 orders per minute on New Year’s Eve | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/swiggy-receives-9-500-orders-per-minute-on-new-year-s-eve-122010100773_1.html ‘This year we exceeded all our plans by a big margin and were overwhelmed by the customer response,’ the company said in a
ICRA places RBL Bank ratings under watch with developing implications | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/icra-places-rbl-bank-ratings-under-watch-with-developing-implications-122010100315_1.html ICRA will continue to monitor the developments related to the deposit levels as this could have a material impact on the liquidity position
Tata Motors overtakes Hyundai to grab the number two position in PV sales in December 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/cars-uvs/tata-motors-overtakes-hyundai-to-grab-the-number-two-position-in-pv-sales-in-december-2021/articleshow/88634678.cmsSynopsis Tata Motors dispatched about 35300 units in December 2021 against 32312 units despatched by South Korean carmaker Hyundai Motor India. During the quarter
All method, no madness: how Chandra’s deal team is snapping up startups for Tata Group – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/technology-and-startups/all-method-no-madness-how-chandras-deal-team-is-snapping-up-startups-for-tata-group/primearticleshow/84357874.cms SynopsisTata Group, led by N Chandrasekaran, shows no sign of a late entrant’s desperation as it opts for the inorganic route to build
Asian Paints’ related-party transactions: what’s worrying the whistleblower and the proxy advisor? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/asian-paints-related-party-transactions-whats-worrying-the-whistleblower-and-the-proxy-advisor/primearticleshow/87966327.cms SynopsisWhistleblower complaints to Sebi and a report from Bengaluru-based proxy advisory firm InGovern have brought the leading paint-maker into focus over related-party transactions
Mahindra & Mahindra tractor sales slip 19% to 18,269 units in Dec – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-news/mahindra-mahindra-tractor-sales-slip-19-to-18269-units-in-dec/articleshow/88636348.cmsSynopsis Homegrown auto major Mahindra & Mahindra Ltd (M&M) on Saturday reported a 19 per cent decline in total tractor sales at 18,269 units
Asian Paints second most valuable paints company in the world | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/asian-paints-second-most-valuable-paints-company-in-the-world-122010100028_1.html The company’s stock price ended 0.5 per cent higher on Friday at Rs 3,382 on the BSE Asian Paints has emerged as the second-most
Google moves court seeking relief from CCI probe – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/info-tech/google-play-files-writ-petition-in-karnataka-high-court-seeks-interim-relief-from-cci-probe/article38047863.ece CCI probe follows petition by start-up industry body seeking interim relief from several categories of new Play Store policies Earlier this month, Google
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