Corporates News

Singapore-based business-to-business (B2B) fashion startup Zilingo has fired its chief executive officer (CEO) Ankiti Bose after a brief suspension. The step was taken following an independent forensic audit into complaints of serious financial irregularities on Bose’s part.The eight-year-old startup did not elaborate on the allegations against Bose or the findings of the independent audit.

Adani Group outbid JSW Group and Ultratech Cements to buy India’s two largest cement companies and make a grand entry into t...

• Oil, gas and metal conglomerate Vedanta jumped 703 spots on the list of world’s top 2,000 companies to be ranked at 593.
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On the Forbes Global 2000 list, Reliance climbed two spots to No. 53 among all public companies worldwide and ranked first a...

Glenmark, the maker of the famed Fabiflu; Cipla the maker of Remdesivir and Dr Reddy’s Labs and the maker of Doxt SI, lost t...

Tyre major MRF Ltd closed FY22 with a lower net profit on a higher revenue as compared to FY21. The company's board recommended a final dividend of R...

Gautam Adani and the JSW Group, two of the largest Indian conglomerates, are in a race to buy two of the biggest cement manu...

One of the largest in India, Axis Mutual Fund has suddenly suspended two fund managers from running any schem...

Adani Sportsline, a part of the Adani Group, on Monday made a foray into franchise cricket by acquiring the rights to own and operate a franchise in ...

While the Mukesh Ambani-led Reliance Industries reported lower than expected net profit and revenue for the M...

Zomato founder and chief executive officer (CEO) Deepinder Goyal on Friday (May 6) announced that he will donate all his employee stock option plan (ESOP) proceeds worth ₹700 crore to Zomato Future Foundation, which will be used towards offering free education to the children of delivery partners, among other things.

Internet major Google has appointed former joint secretary at Prime Minister Narendra Modi's think tank Niti Aayog, Archana Gulati, as head of public policy in India. A Google spokesperson confirmed the appointment. Messages sent to Gulati elicited no immediate reply.

Adani Wilmar has capitalised on the prices of edible oils being on a boil due to the ongoing Russia-Ukraine war. The company’s revenue surged by nearly half as it navigated a “challenging macro environment”. Profits remained under pressure due to rising input costs and an increase of a third in finance costs.

Hindustan Unilever (HUL) is India’s largest and oldest FMCG brand, with a history prior to the country’s independence. In its latest earnings, HUL reported a growth of 10% in sales that was almost entirely driven by price increases and not volumes. Sanjiv Mehta outlined several important aspects in the company’s earnings call – for the Indian economy, the risk of stagflation and more.

The life insurance company will open its IPO on May 4 and close on May 9. There is a special discount of ₹45 for retail inve...

Life Insurance Corporation’s (LIC) initial public offering (IPO), which is all set to launch next week, may become the fifth largest company in terms of market capitalisation on exchanges. The government is looking to raise ₹21,000 crore by selling 22.13 crore shares or 3.5% stake in the life insurance behemoth.

Adani Green is now the seventh largest company in India by market capitalisation. This means that Adani Green is now more va...

Elon Musk had acquired a large 9.2% stake in Twitter, according to regulatory filings earlier this month. The Tesla co-found...

Shares of Adani Power have almost doubled in the last one month as the stock rallied significantly by around ...

IT services company HCL Technologies on Thursday saw its net profit zoom to Rs 3,593 crore for quarter ended March 2022, and struck an optimistic not...

Two foreign investment banking firms expect the share price of Reliance to increase because of the company’s ...

Tobacco giant ITC today announced the acquisition of a 10% stake in its second direct-to-consumer brand, Mylo. Earlier, the ...