Clipped from: https://www.business-standard.com/article/companies/reliance-communication-headed-for-liquidation-after-nclat-judgment-121041800877_1.html Debt resolution only after clearance of govt dues, says tribunal Anil Ambani, chairman of Reliance Communications. Anil Ambani-promoted Reliance Communications (RCom), which is now bankrupt,
Category: Company Specific News
SEBI issues notice to Fortis Healthcare subsidiary over diversion of funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-issues-notice-to-fortis-healthcare-subsidiary-over-diversion-of-funds/article34337811.ece?homepage=true Former promoters Singh brothers allegedly siphoned-off ₹500 crore Leading hospital chain Fortis Healthcare (FHL) disclosed on Friday that its subsidiary, Escorts Heart Institute
India needs to create jobs at scale: Nilekani – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/india-needs-to-create-jobs-at-scale-nilekani/articleshow/82117193.cmsSynopsis India needs job creators and Amazon has the potential to do that at scale, said Nandan Nilekani, chairman, Infosys, speaking at the Amazon
Insurepays hopes to raise $5-7 million in Series A funding – The Financial Express
lipped from: https://www.financialexpress.com/market/insurepays-hopes-to-raise-5-7-million-in-series-a-funding/2234514/ Insurepays currently has 1.6 lakh customers and is looking to increase this to 30 lakh over the next 12-18 months. By that time,
Amazon tells Indian court – Reuters story is no reason to resume antitrust probe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-tells-indian-court-reuters-story-is-no-reason-to-resume-antitrust-probe/articleshow/82089332.cmsSynopsis The Reuters report showed the U.S. firm gave preferential treatment to a small group of sellers on its platform, sidestepping foreign investment rules
NCLAT’s dismissal of DVI appeal may pave the way for Amtek resolution | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-s-dismissal-of-dvi-appeal-may-pave-the-way-for-amtek-resolution-121041601080_1.html Amtek owes lenders Rs 12,641 cr and was on RBI’s first list of NPAs mandated for resolution under Bankruptcy Code. The DVI bid
Amazon: Anti-Amazon retailer groups take a dig at Smbhav event, hold ‘Asmbhav’ event – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/anti-amazon-retailer-groups-takes-a-dig-at-smbhav-event-holds-asmbhav-event/articleshow/82095065.cmsSynopsis Speakers at the event called for action against alleged preferential treatment by Amazon to its exclusive brands such as Cloudtail and RetailNet. As Amazon kicked
AWS launches Amazon Digital Suite to accelerate digital adoption for SMBs in India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/aws-launches-amazon-digital-suite-to-accelerate-digital-adoption-for-smbs-in-india/articleshow/82100388.cmsSynopsis SMB spend on public cloud services is expected to contribute more than 29% of the $7.9 billion public cloud services market in India
Recast may boost Airtel’s income in FY22: Analysts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bharti-airtels-new-corporate-structure-gets-analysts-industry-insiders-talking/articleshow/82089703.cms Synopsis–Analysts said that moving all digital assets under the listed Bharti Airtel parent entity mirrors what Reliance Industries (RIL) did when it incorporated
Large sellers are the key for e-comm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/large-sellers-are-the-key-for-e-comm/article34328665.ece They source an array of goods from MSMEs. The notion that they hinder small sellers is misplaced The National E-Commerce Policy has been
Reliance Jio among the most competitive telcos, says Sunil Bharti Mittal | Business Standard News
lipped from: https://www.business-standard.com/article/companies/airtel-has-emerged-stronger-from-several-near-death-experiences-mittal-121041501419_1.html We have increased our market share, brand loyalty and index, and we’re getting more customers than the competition in the last 8-9 months,
Softbank Group to invest $450 million in Swiggy at $5.5 billion value | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/softbank-group-to-invest-450-million-in-swiggy-at-5-5-billion-value-121041600042_1.html Second funding for food delivery startup in as many weeks The financing from Masayoshi Son’s Vision Fund 2 awaits approval from Indian antitrust
Telecom market down to 3 private players, one operator increasingly becoming a question mark: Sunil Mittal – The Financial Express
lipped from: https://www.financialexpress.com/industry/telecom-market-down-to-3-private-players-one-operator-increasingly-becoming-a-question-mark-sunil-mittal/2233935/ Mittal also said India will be a force in the next 5-10 years as a major economy, building its success on industrial upliftment,
Piramal Enterprises Ltd.: Piramal aims to have 10-20 fintech partnerships in next one year – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/piramal-aims-to-have-10-20-fintech-partnerships-in-next-one-year/articleshow/82087669.cmsSynopsis The company which is in the process of acquiring Dewan Housing Finance has already inducted two technology platforms into its system that allow
Amazon launches $250 million venture fund for SME digitisation, agritech, health tech – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/amazon-launches-250-million-venture-fund-for-sme-digitization-agritech-health-tech/articleshow/82083591.cmsSynopsis This announcement was made at the company’s Smbhav event. Amazon has announced a $250 million fund for India with the aim to focus on
PhonePe is planning to enter the stockbroking business – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/phonepe-is-planning-to-enter-the-stockbroking-business/articleshow/82076116.cmsSynopsis PhonePe is is awaiting a stockbroking licence from SEBI to join fintech peers Zerodha, Upstox and Paytm in the battle for market share
Promoter Khaitan family ready to put funds into McNally Bharat: MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/promoters-willing-to-infuse-funds-into-mcnally-bharat-md/articleshow/82076863.cmsSynopsis McNally Bharat is among a long list of construction companies to face the prospect of bankruptcy. However, finding buyers for such companies has
Apollo Tyres enters truck, bus tyre market in North America – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/apollo-tyres-enters-truck-bus-tyre-market-in-in-north-america/article34316958.ece Apollo’s North American range of truck-bus tyres will be produced at its manufacturing units in Hungary and Chennai Following the launch of its
Zomato converts into public company from private limited co ahead of IPO – The Financial Express
Clipped from: https://www.financialexpress.com/market/ipo-news/zomato-converts-into-public-company-from-private-limited-co-ahead-of-ipo/2233208/ The name of the company has been changed to Zomato Limited from Zomato Private Limited, the filings showed. The company has been on
Religare Finvest to default on Rs 100 crore NCD payment obligation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/religare-finvest-to-default-on-rs-100-crore-ncd-payment-obligation/articleshow/82070449.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis NBFC firm Religare Finvest Limited (RFL) had borrowed Rs 100 crore from Axis Bank by placing non-convertible debentures (NCDs) on a private placement
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