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,
Category: Industry
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
Rise of risk capital | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/rise-of-risk-capital-121041501474_1.html Private funding is bridging a crucial gap India’s unicorn club is expanding rapidly, with 10 start-ups crossing the $1-billion valuation mark in just four months
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,
ETtech Scoop: Swiggy set to raise $450 million from SoftBank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/swiggy-close-to-raising-450-million-from-softbank-vision-fund-at-5-billion-valuation/articleshow/82082536.cmsSynopsis The SoftBank deal is likely to peg Swiggy’s valuation at $5 billion—pre-money or pre-investment—and is an extension of the $800 million funding round
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
Uncertainties with rising Covid cases could compound NBFCs woes – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/icra-uncertainties-with-rising-covid-cases-could-compound-nbfcs-woes/article34317673.ece ‘Asset quality pressures would play out fully this fiscal as the level of economic activities are yet to pick up’ The resurgence of
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
Change in tax structure prompted India Inc to favour buybacks again in FY21 | Business Standard News
https://www.business-standard.com/article/companies/change-in-tax-structure-prompted-india-inc-to-favour-buybacks-again-in-fy21-121041400874_1.html In 2020-21, Indian firms offered to buy back shares worth Rs 39,295 crore, or 97% more than Rs 19,972 cr proposed in the previous
SEBI may question Franklin MF on ‘missing’ ₹304 cr – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/stock-markets/sebi-may-question-franklin-mf-on-missing-304-cr/article34320470.ece Regulator already probing fund house for alleged fraud, unfair trade practices
Legality versus morality | Business Standard Column
Law and morality are often not aligned. Apart from regulations, we must consider the difficult perspective of character versus morality by exploring “behavioural corporate governance”
Autos to electronic goods and home appliances, industry looking at an awful April – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/durables/autos-to-acs-industry-looking-at-an-awful-april/articleshow/82075260.cmsSynopsis Impact on supplies of cars, two-wheelers, ACs, refrigerators and washing machines may show up as early as next week and supply challenges can
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
Related Party Transactions – Section 188 of Companies Act, 2013–TAX GURU
Clipped from: https://taxguru.in/company-law/related-party-transaction-sections-188-companies-act-2013.html How to Identify whether the proposed transaction is a Related Party Transaction u/s 188 of Companies Act, 2013 or not? 1st Stage (Preliminary
Smaller auto component suppliers bore a larger impact from pandemic: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-components/smaller-auto-component-suppliers-bore-a-larger-impact-from-pandemic-report/articleshow/82068434.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis While the number of days for which these large companies held inventory and the number of days after which they received payment for
The myth and magic of unicorns | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-myth-and-magic-of-unicorns-121041400005_1.html According to US-based analytics platform CB Insights’ database, out of a total of 642 unicorns around the world, India has 29 as of
The mis-selling menace | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/the-mis-selling-menace-121041301493_1.html Sebi order on AT-1 bonds is in the right direction The Securities and Exchange Board of India (Sebi) in an order has imposed
Financiers buy into India’s used car business amid uptick in demand | Business Standard News
lipped from: https://www.business-standard.com/article/automobile/financiers-buy-into-india-s-used-car-business-amid-uptick-in-demand-121041301382_1.html An expansion of demand driven by economic uncertainty has accelerated the plans of organised players to tie up with banks and NBFCs GirnarSoft,
Covid-19 pushed steel exports to record high in FY21: SteelMint data | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/covid-19-pushed-steel-exports-to-all-time-high-in-fy21-steelmint-data-121041300557_1.html Finished steel exports in FY21 stood at 11.65 mn tonnes and semi-finished at 7.25 mn tonnes, up 31% and 153%, respectively, over previous
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