Tuesday, September 20, 2022

Adani Group pledges stake worth $13 billion in Ambuja Cements and ACC

Adani Group pledges stake worth $13 billion in Ambuja Cements and ACC According to regulatory updates on Tuesday, billionaire Gautam Adani-led group has encumbered its 63.15 per cent stake in Ambuja Cements and 56.7 per cent stake in ACC (of which 50 per cent is held by Ambuja) to the Hong Kong Branch of Deutsche Bank AG.

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MC Insider: Stake sale for philanthropy, block deal buzz, more cement MAs, accounting illusions, and more

MC Insider: Stake sale for philanthropy, block deal buzz, more cement MAs, accounting illusions, and more NULL

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Companies need to be prepared for continued or higher inflation: HUL CEOMD Sanjiv Mehta

Companies need to be prepared for continued or higher inflation: HUL CEOMD Sanjiv Mehta The unprecedented inflation is not homegrown but has been caused by several global factors, including supply chain disruption due to the pandemic and Ukraine-Russia war, he said while speaking at the FICCI LEADS 2022 event here.

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Mother Dairy expecting 20% revenue growth in FY23 to Rs 15,000 crore

Mother Dairy expecting 20% revenue growth in FY23 to Rs 15,000 crore The turnover of Mother Dairy, which also sells edible oils and fruits vegetables, stood at Rs 12,500 crore in last fiscal year.

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Fintech industry needs to work relentlessly on safety to uphold people#39;s trust: PM Modi

Fintech industry needs to work relentlessly on safety to uphold people#39;s trust: PM Modi In his message at the Global Fintech Fest, Modi said the sector has been an example of the wonders that can be worked when a government that encourages innovation comes together with the energy of young and inventive minds.

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Monday, September 19, 2022

Fiat Chrysler gets new chance to block Mahindra 4x4s in Jeep trademark case

Fiat Chrysler gets new chance to block Mahindra 4x4s in Jeep trademark case The 6th U.S. Circuit Court of Appeals said that a Detroit federal court applied the wrong standard when it found that Mahindra#39;s post-2020 Roxors were unlikely to cause consumer confusion.

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Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

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NRL to invest Rs 35,000 crore in major ongoing projects

NRL to invest Rs 35,000 crore in major ongoing projects The company is determined to execute the major ongoing initiatives, namely, Numaligarh Refinery expansion, Paradip Numaligarh crude oil pipeline and crude oil import terminal at Paradip, 2G ethanol project and IBFPL, Chairman cum Managing Director Ranjit Rath told reporters after the annual general meeting.

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SoftBank-backed Oyo seeks to resurrect IPO after growth resumes

SoftBank-backed Oyo seeks to resurrect IPO after growth resumes The hotel-booking company filed fresh financial documents on Monday and is now targeting an initial public offering in early 2023 provided that IndiaĆ¢€™s stock market continues to hold up and economic conditions improve, according to people familiar with the matter.

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Sunday, September 18, 2022

Ola to lay off at least 500 employees across software teams

Ola to lay off at least 500 employees across software teams Many of these employees are believed to have been working on different aspects of the Ola app. The move comes against the backdrop of declining sales of the Ola Electric scooter.

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Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

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LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...