Corporates

Jio-bp To Provide Battery Swapping Facility For Zomato's Electric Vehicles

Jio-bp To Provide Battery Swapping Facility For Zomato's Electric Vehicles

Press Trust of India | Wednesday June 15, 2022, New Delhi

Jio-bp will provide battery swapping facility to electric vehicles of food delivery app Zomato

"No Idea," Says PhonePe Founder After Report Says IPO Soon

"No Idea," Says PhonePe Founder After Report Says IPO Soon

Edited by Animesh Singh | Wednesday June 15, 2022

Just hours after reports came that PhonePe is considering raising funds through an IPO, its Founder Samir Nigam expressed surprise at the development

PhonePe Considers Public Offer, Seeks $8-10 Billion Valuation

PhonePe Considers Public Offer, Seeks $8-10 Billion Valuation

Press Trust of India | Wednesday June 15, 2022, New Delhi

PhonePe, part of Walmart Inc-controlled Flipkart group, is considering to raise funds through an IPO for expanding its financial services portfolio

Gautam Adani Winning Vs Mukesh Ambani On Valuation Growth

Gautam Adani Winning Vs Mukesh Ambani On Valuation Growth

Press Trust of India | Wednesday June 15, 2022, Mumbai

The Adani Group has gained the most in terms of value in the six months to April 2022, with a 88.1 per cent jump to Rs 17.6 lakh crore

After Board Defers Buyback Decision, Bajaj Auto Shares Fall

After Board Defers Buyback Decision, Bajaj Auto Shares Fall

Press Trust of India | Tuesday June 14, 2022, New Delhi

Bajaj Auto shares on Tuesday declined by 5 per cent after the company said its board has deferred a decision on its proposed share buyback

Top Executive Quits After Tesla Puts India Entry Plan On Hold: Report

Top Executive Quits After Tesla Puts India Entry Plan On Hold: Report

Reuters | Tuesday June 14, 2022, NEW DELHI

A key executive who was leading Tesla's lobbying effort in India has resigned

Sequoia Raises $2.85 Billion To Fund Indian, Southeast Asian Startups

Sequoia Raises $2.85 Billion To Fund Indian, Southeast Asian Startups

Reuters | Tuesday June 14, 2022, MUMBAI

Sequoia Capital has raised $2.85 billion to fund Indian and Southeast Asian startups, the venture capital firm said on Tuesday

SREI Group Receives Report On Rs 3,025 Crore Fraud

SREI Group Receives Report On Rs 3,025 Crore Fraud

Press Trust of India | Tuesday June 14, 2022, New Delhi

Srei Equipment Finance said its administrator has received a report from transaction auditor about certain fraud transactions in 2019-20 and 2020-21

Adani's Holcim Acquisition Doubled Corporate Sector's Deal Value In May: Report

Adani's Holcim Acquisition Doubled Corporate Sector's Deal Value In May: Report

Press Trust of India | Monday June 13, 2022, Mumbai

India Inc's deal value more than doubled to $19.1 billion across 190 transactions in May 2022, helped by acquisition of Holcim by Adani Group

Foxconn's Bharat FIH Gets SEBI Okay To Launch Public Offer

Foxconn's Bharat FIH Gets SEBI Okay To Launch Public Offer

Press Trust of India | Monday June 13, 2022, New Delhi

Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group company, has received SEBI's go ahead to raise Rs 5,000 crore through IPO route

Russian Sanctions Hamper ONGC Videsh's Oil Movement

Russian Sanctions Hamper ONGC Videsh's Oil Movement

Press Trust of India | Monday June 13, 2022, New Delhi

ONGC Videsh Ltd is facing temporary disruptions in moving its share of oil from the Sakhalin-1 project in Far East Russia due to Russian sanctions

Crompton Greaves Consumer Electricals To Raise Rs 925 Crore

Crompton Greaves Consumer Electricals To Raise Rs 925 Crore

Press Trust of India | Monday June 13, 2022, New Delhi

Crompton Greaves Consumer Electricals plans to raise long-term funds up to Rs 925 crore through the issuance of non-convertible debentures

The Source of Adani's Billions. Take A Look

The Source of Adani's Billions. Take A Look

Equitymaster | Monday June 13, 2022

Taking the organic and inorganic route to grow, the bellwether group has been investing in an array of new sectors

Zara Announces Over 60% Growth In India Revenue, Despite No New Stores

Zara Announces Over 60% Growth In India Revenue, Despite No New Stores

Press Trust of India | Sunday June 12, 2022, New Delhi

Spain's Inditex, which owns luxury fashion brand Zara, posted a net profit of Rs 148.76 crore and revenue of Rs 1,815 crore for the financial year ended on March 31, 2022, according to the latest annual report of Trent Ltd.

Wipro CEO Thierry Delaporte Is Highest Paid IT Sector Executive

Wipro CEO Thierry Delaporte Is Highest Paid IT Sector Executive

Edited by Animesh Singh | Friday June 10, 2022

IT major Wipro's CEO Thierry Delaporte's total compensation stood at $10.5 million (Rs 79.66 crore) for 2021-22