Corporates News
ITC to acquire 16% stake in Mother Sparsh that focuses on baby care segment
Conglomerate ITC on Friday said it will acquire a 16 per cent stake in Mother Sparsh, a D2C Ayurvedic and natural personal care brand, for Rs 20...
HDFC to raise up to ₹10,000 crore next week
Housing Development Finance Corporation (HDFC) Ltd on Thursday said it will raise up to Rs 10,000 crore by issuing bonds on private placement basis t...
Bhakti Makwana
INTERVIEW: After a blockbuster listing, Latent View Analytics looks to acquire small data analytics companies focused in Europe and US
Investors in Latent View Analytics IPO have tripled their money in three days while the stock is still on an ...
ITC starts clinical trials of its COVID-19 nasal spray, say sources
Cigarette-to-FMCG conglomerate ITC has initiated clinical trials of nasal sprays for COVID-19 prevention. The product has been developed by scientist...
Rounak Jain
Amazon approaches Supreme Court to stop antitrust review of deal with Future Group
Amazon has approached the Supreme Court seeking a pause on the antitrust review. The CCI is investigating allegations that t...
IRCTC will resume serving cooked meals to passengers on trains, which was halted due to COVID-19 restrictions
The Railway Board has issued an order to resume serving cooked meals to passengers on trains, a service that ...
Bhakti Makwana
ITC has a ₹2,500 crore IT business hiding in plain sight and that makes the street go Yippee!
Shares of ITC went up as much as 4% today after a report said that the company is planning to split its IT business. ITC Inf...
Rounak Jain
JPMorgan takes Tesla to court over Elon Musk’s 2018 tweets — demands $162 million
JPMorgan has filed a lawsuit against Tesla over breach of contract. The bank has claimed that the automaker owes it over $16...
Bhakti Makwana
The mystery behind the fall in Tata Steel’s shares despite a seven-fold rise in profit
Tata Steel has announced strong net profit in September quarter that grew 7 times on year to ₹12,548 crore. An average trade...
Kritti Bhalla
Zomato has officially pulled out of all international markets
Zomato has identified three geographical segments — India, UAE and the rest of the world. The ‘Rest of the World’ category includes the US, UK, Singa...
Bhakti Makwana
Nykaa is now bigger than Coal India, Britannia, IRCTC and almost double of Hero MotoCorp
Nykaa, which listed its IPO on November 10, crossed ₹1 lakh crore market cap mark within a few hours of its stock market deb...
Bhakti Makwana
INTERVIEW: Mphasis CEO explains why he is hiring fewer people even when a lot of employees are leaving the firm
The midcap IT firm’s net profit grew marginally by 0.5% quarter-on-quarter to ₹341 crore in September quarter...
Bhakti Makwana
KFC, Pizza Hut operator Sapphire Foods’ IPO opens today — check closing, allotment and listing dates
Sapphire Foods India will open its IPO on November 9 and close on November 11. The IPO consists of a pure offer for sale of ...
Rounak Jain
There are several problems ailing SpiceJet and the taxman knocking on its doors is just one of them
SpiceJet is currently navigating turbulent airwaves, and it needs a liquidity boost to help it come out of its troubles. The...
Bhakti Makwana
IRCTC will lose a chunk of its revenue to the Indian government starting next month
The government has asked railway company IRCTC to share 50% of its revenue from convenience fees. The development may impact...
Bhakti Makwana
Tech Mahindra's attrition rate is nearly twice that of TCS
IT company Tech Mahindra has reported a muted September quarter earnings as profit declined marginally by 1%. While talent shortage remains a concern...
Bhakti Makwana
L&T aims to become carbon neutral by 2040 and here's how
The company aims to achieve carbon neutrality by 2040, ahead of the Paris Agreement deadline of 2050. Currently, more than 10% of the total electrici...
Bhakti Makwana
Reliance’s oil-to-chemicals business seems to be in the right spot to leverage China’s climate crackdown
Analysts expect RIL’s oil-to-chemicals business margins to lift in the coming quarters if China sticks to its climate change...
Rounak Jain
Zee-Invesco saga: Punit Goenka speaks up for the first time, asks if corporate governance doesn’t apply to institutional investors
Zee CEO has released an official statement, continuing the Zee-Invesco saga. Goenka has questioned whether co...
Infosys COO Pravin Rao set to retire, company to announce new structure soon
Infosys on Wednesday said its Chief Operating Officer Pravin Rao will be retiring in the third quarter of the current fiscal...
Wipro Q2 consolidated profit up by 17% to ₹2,930.6 crore
IT company Wipro posted a 17% jump in consolidated net profit to ₹2,930.6 crore for the quarter ended on September 30, 2021. The company had posted a...
Infosys Q2 profit up 11.9% to ₹5421 crore, raises revenue forecast for FY22
India's second largest IT services company Infosys on Wednesday said its consolidated net profit grew by 11.9% to ₹5,421 cro...
Rounak Jain
Invesco reveals it proposed Zee’s merger with Reliance, suggests that the company left money on the table in Sony merger
In the latest round of back and forth between Zee and its investor Invesco, the latter has revealed that it h...
Bhakti Makwana
Rakesh Jhunjhunwala-backed Akasa Air to fly from summer 2022
Reportedly, Jhunjhunwala has invested ₹247.50 crore in the airline and is expected to own nearly 40% stake in the new airline. Industry veterans Adit...
Bhakti Makwana
Cyrus Mistry's Sterling & Wilson was at the right place at the right time for Mukesh Ambani's green energy ambitions
Shares of Sterling & Wilson Solar surged as much as 17% on Monday as Reliance Industries bought a 40% stake i...
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