Clipped from: https://www.business-standard.com/article/finance/rakesh-jhunjhunwala-r-k-damani-approach-rbi-to-acquire-10-in-rbl-bank-121122700049_1.html Neither Jhunjhunwala nor Damani have made any statement regarding their request to RBI RBL bank Ace investors Rakesh Jhunjhunwala and D-Mart’s founder RK Damani have
Category: Company Specific News
What’s next for RBL Bank? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/whats-next-for-rbl-bank/article38043997.ece?homepage=true RBL Bank’s stock will be tested on Monday in the wake of two developments — RBI appointing an additional director on the Bank’s
RBL’s Vishwavir Ahuja: A case of RBI discomfort with influential bankers | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbl-s-vishwavir-ahuja-a-case-of-rbi-discomfort-with-influential-bankers-121122700532_1.html The Kohlapur-based lender turned swanky and state-of-the-art under him but the quick growth attracted central bank’s scrutiny. Vishwavir Ahuja, former managing director and
Paytm debacle fails to halt IPO juggernaut; strong pipeline seen for 2022 | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/paytm-debacle-fails-to-halt-ipo-juggernaut-strong-pipeline-seen-in-2022-121122700921_1.html 14 firms have hit the market after Paytm debacle; as many as 35 firms to raise Rs 50,000 cr in 2022, another 33
Reliance’s epharma push may follow kirana store playbook – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/reliances-epharma-push-may-follow-kirana-store-playbook/articleshow/88460152.cms SynopsisJust like its kirana strategy, Reliance Industries not only aims to sell to the end customer through its B2C business, but also supply
Three senior executives quit financial services firm Paytm, says report | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/three-senior-executives-quit-financial-services-firm-paytm-says-report-121122300535_1.html The Noida-based firm has seen several exits in the past two years Three senior executives at Paytm have quit the financial services firm that recently
We will try to be among top 3 IT services firms: Tech Mahindra’s CP Gurnani | Business Standard News
lipped from: https://www.business-standard.com/article/companies/we-will-try-to-be-among-top-3-it-services-firms-tech-mahindra-s-cp-gurnani-121122200510_1.html “There is definitely a skill war, or a talent war going on,” said Gurnani C P Gurnani, CEO & MD, Tech Mahindra With
Snapdeal files DRHP to raise funds through an initial public offering | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/snapdeal-files-drhp-to-raise-funds-through-an-initial-public-offering-121122100401_1.html The IPO comprises a fresh issue of equity shares worth up to Rs 1,250 crore and an offer-for-sale (OFS) of up to 30,769,600
Sellers welcome CCI’s suspension of 2019 Amazon-Future deal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sellers-welcome-cci-s-suspension-of-2019-amazon-future-deal-121122000537_1.html Last week, CCI had imposed a Rs 202 crore penalty on the e-commerce major for failure to furnish true and complete details about
CCI order concludes Amazon continuously attempted to dodge laws in India: CAIT – The Financial Express
lipped from: https://www.financialexpress.com/industry/sme/msme-eodb-cci-order-concludes-amazon-continuously-attempted-to-dodge-laws-in-india-cait/2383625/ Ease of Doing Business for MSMEs: CCI had said that Amazon “suppressed the actual scope and purpose” of the deal. The commission had also imposed
Amazon may take legal action against CCI order suspending deal with Future | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/amazon-may-take-legal-action-against-cci-order-suspending-deal-with-future-121121900360_1.html Anti-trust regulator has ruled the US company had suppressed information while seeking approval on an investment into Indian retailer two years ago. Smartphone
CCI suspends Future deal, fines Amazon – The Financial Express
Clipped from: https://www.financialexpress.com/industry/cci-suspends-future-deal-fines-amazon/2382815/ The anti-trust regulator also imposed a Rs 202-crore penalty, which Amazon is required to pay within sixty days. The matter is sure to
Flipkart, Walmart invest $145 million in Ninjacart in online grocery push – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/flipkart-walmart-invest-145-million-in-ninjacart-in-online-grocery-push/articleshow/88258155.cmsSynopsis This is the third time Flipkart is investing in Ninjacart. It first invested an undisclosed amount in the Bengaluru-based startup in 2019 and
PhonePe digitizes 25 million kiranas across India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/phonepe-digitizes-25-million-kiranas-across-india/articleshow/88252417.cmsSynopsis The company now has a merchant network across 15,700 towns and villages, constituting 99% pin codes in the country. PhonePe has announced that it
Reliance, partner looking to buy bankrupt textile company Sintex | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mukesh-ambani-s-reliance-looking-to-buy-bankrupt-textile-firm-sintex-121121200290_1.html Reliance is partnering with Assets Care & Reconstruction Enterprise Ltd. to bid for the company under a court-appointed bankruptcy resolution process, Sintex said
Tata AIG to vie for Indian conglomerate’s airline insurance business | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tata-aig-to-vie-for-indian-conglomerate-s-airline-insurance-business-121121200276_1.html Air India is insuring its fleet at a premium of Rs 118 crore in fiscal 2021 on a standalone basis. The total fleet
Dish TV fires fresh salvo against YES Bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/dish-tv-fires-fresh-salvo-against-yes-bank/article37940497.ece?homepage=true Writes to SEBI accusing the bank of violating the takeover regulations by not announcing an open offer Jawahar Goel-backed Dish TV has written
CarTrade share price: You might not be able to recover your investment in CarTrade even after a year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/you-might-not-be-able-to-recover-your-investment-in-cartrade-even-after-a-year/articleshow/88205304.cmsSynopsis Going by the views of the first analyst to start coverage on the stock, you might not recover your investment even after a
Paytm Payments Bank receives scheduled bank status from RBI | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/paytm-payments-bank-receives-scheduled-bank-status-from-rbi-121120900744_1.html With the scheduled bank status, the bank can explore new business opportunities Paytm Payments Bank on Thursday said it has been given the scheduled
MSME lender Indifi Technologies AUM crosses Rs 500 crore in Q2FY22; up by 43% from previous quarter – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-fin-indifi-disburses-loans-worth-rs-500-crore-to-small-businesses/2384482/ Credit and Finance for MSMEs: The rise in loan disbursals is attributed to the increase in the number of borrowers and also the
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