Clipped from: https://economictimes.indiatimes.com/industry/services/retail/tata-digitals-acquisitions-and-investment-limit-set-at-rs-12000-crore/articleshow/81681172.cms Synopsis–Tata Digital is waiting for the Competition Commission of India’s approval for its deal to acquire a 64.3% stake in e-grocer BigBasket. The
Category: Company Specific News
Reliance Retail tells govt e-commerce players bypassing foreign investment norms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/reliance-retail-tells-govt-e-commerce-players-bypassing-foreign-investment-norms/articleshow/81692788.cmsSynopsis At the meeting, Reliance Retail’s representatives said the Indian e-commerce policy does not allow foreign capital in the inventory-based model and foreign investment
Byju’s in talks with B Capital, others to raise $500-600 million, valuation may top $14B – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/byjus-in-talks-with-b-capital-others-to-raise-500-600-million-valuation-may-top-14b/articleshow/81689883.cmsSynopsis The primary capital infusion is largely to fund Byju’s acquisition of Aakash Educational Services which is being pegged at $700-800 million in size.
Dmart stock gains as Maharashtra lockdowns build pressure on firm: Analysts | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dmart-stock-gains-as-maharashtra-lockdowns-build-pressure-on-firm-analysts-121032201120_1.html As much as 72 per cent of the company’s stores reached their full strength almost in December, signaling a recovery The near-term trigger
Bombay HC asks for valuation of Karvy accounts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/bombay-hc-asks-for-valuation-of-karvy-accounts/articleshow/81680532.cms Synopsis–IIFL Securities had won the bid to acquire the 11 lakh demat accounts held by Karvy. Axis Securities emerged as the successful bidder
ICICI Bank enables customers to break high-value transactions into EMIs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/icici-bank-enables-customers-to-break-high-value-transactions-into-emis/articleshow/81670653.cmsSynopsis Customers can purchase gadgets or pay for their insurance premium or school fees in easy EMIs from their savings account using the internet
DHFL directors availed thousands of crores through fake loan accounts under PMAY: CBI–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/dhfl-directors-availed-thousands-of-crores-through-fake-loan-accounts-under-pmjay-cbi/story/434782.html The CBI has registered a case against crisis-hit Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan, who are already in jail
Policybazaar to team up with Paytm, Ola and IndusInd Bank for NUE bid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/policybazaar-to-team-up-with-paytm-ola-and-indusind-bank-for-nue-bid/articleshow/81657479.cmsSynopsis PolicyBazaar and others have set up an entity called Foster Payment Network which will front the NUE bid under Reserve Bank of India’s
Forensic auditor to vet Suzlon’s books – The Hindu
Clipped from: https://www.thehindu.com/business/forensic-auditor-to-vet-suzlons-books/article34144281.ece Suzlon Energy said market regulator SEBI has appointed a forensic auditor to carry out forensic audit of its financial statements. “The company is
Blue Star enters AC mass market – The Financial Express
Clipped from: https://www.financialexpress.com/industry/blue-star-enters-ac-mass-market/2214989/ Blue Star’s manufacturing footprint spans five facilities. Construction for the plant at Sri City, Andhra Pradesh, will commence in FY22. Blue Star has
Future Group on the brink of bankruptcy despite respite in Reliance deal
Clipped from: https://www.businesstoday.in/current/corporate/future-group-on-the-brink-of-bankruptcy-despite-respite-in-reliance-deal/story/434578.html Cash-strapped Future Group is trying to expedite the deal with Mukesh Ambani-led company and save the retail chain — which includes brands like
This pharma stock has zoomed over 10,000% in 96 trading days | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/this-pharma-stock-has-zoom-over-10000-in-96-trading-days-121032200557_1.html Orchid Pharma shares were locked in the upper circuit for the 96th straight trading day Shares of Orchid Pharma were locked in the upper circuit
Voltas expects double-digit growth in AC sales, demand from smaller towns to go up – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/durables/voltas-expects-double-digit-growth-in-ac-sales-demand-from-smaller-towns-to-go-up/articleshow/81614980.cmsSynopsis Voltas is also witnessing an increase in sales in smaller towns. Its present AC sales between the metros and non-metros are in the
Post exit from PCA framework, IDBI Bank to focus on improving efficiency ratios, says MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/post-exit-from-pca-framework-idbi-bank-to-focus-on-improving-efficiency-ratios-says-md/articleshow/81614180.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “With restrictions imposed by RBI gone, we will like to go in a calibrated way and grow the business in a more profitable
We’ll be selective in our lending decisions, says IDBI Bank’s Rakesh Sharma | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/we-ll-be-selective-in-our-lending-decisions-says-idbi-bank-s-rakesh-sharma-121031600264_1.html IDBI Bank, which came out of PCA last week, says processes have been strengthened and past mistakes will not be repeated Rakesh Sharma,
mondolez foods: CBI books Cadbury India for allegedly obtaining factory licence in HP – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/cbi-books-cadbury-india-for-allegedly-obtaining-factory-licence-in-hp/articleshow/81555339.cmsSynopsis It is alleged that the company in conspiracy with Excise officials availed excise exemption benefits of Rs 240 crores (appox) for its new
Kalyan Jewellers raises ₹352 crore from anchor investors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/kalyan-jewellers-raises-352-crore-from-anchor-investors/article34080063.ece ₹1,175-crore IPO opens today Kalyan Jewellers India Ltd has raised ₹351.89 crore from 15 anchor investors, ahead of its proposed initial public offering (IPO),
CEAT Tyres aims to make deeper inroads into smaller towns and cities | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ceat-tyres-to-make-deeper-inroads-into-smaller-towns-and-cities-121031600779_1.html To double Ceat Shoppes to 600 in 2 years as demand for personal vehicles gains traction CEAT Tyres CEAT Tyres is looking to double
Ola to set up cell manufacturing plant for powering Lithium-ion battery | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ola-electric-plans-to-set-up-li-ion-battery-plant-invest-rs-2-400-crore-121031700076_1.html Ola will initially source the cells for the Li-ion battery used in its soon-to-be-launched e-scooters from South Korea The batteries are going to
Robust growth trajectory drives gains for Asian Paints | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/robust-growth-trajectory-drives-gains-for-asian-paints-121031601028_1.html Falling crude oil prices to support margins Analysts at Morgan Stanley say while the market is wary of increased competition and raw material
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