Companies

Tuesday, Jun 06, 2023 | Last Update : 03:11 PM IST

Business Companies

Companies Page-4

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders. (Photo: PTI/File)

LIC IPO unlikely to take place this fiscal due to delay in valuation

Once listed, LIC is likely to become one of the biggest domestic companies with an estimated valuation of Rs 8-10 lakh crore

19 Dec 2021 1:08 PM

Sabeer Ahluwalia (on the left) with Neil Shaw. (AA Image)

Eastern India gets a private jet club - Yaqoot Air Charter

The private jets will provide air strips in exotic locations that are usually not covered by regular airlines

18 Dec 2021 4:14 PM

The announcement was made at Fuel For India 2021 - Meta's annual event in India. (Photo: PTI/File)

WhatsApp launches pilot to enable financial inclusion across Karnataka, Maharashtra

WhatsApp India Head Abhijit Bose said the pilot aims to effect a behavioral transformation to digital payments at the grassroots

15 Dec 2021 1:12 PM

ABFRL has a portfolio of leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years. — DC Image

Aditya Birla Fashion buys Reebok rights

A long-term licensing agreement between ABFRL and Authentic Brands Group gives exclusive rights to distribute and sell Reebok products

15 Dec 2021 9:44 AM

Netflix has been a premium offering since its launch in India in 2016. (Photo: Twitter/File)

Netflix cuts subscription rates in India

The Standard plan will be charged at Rs 499 per month, while Premium will be available at Rs 649 a month

14 Dec 2021 10:08 AM

Companies also cite heightened cyber-security risks with a large proportion of their employees working from home. (Representational image: Twitter)

Firms see Covid as top risk

The extent to which the coronavirus disease may affect our business and operations in the future is uncertain and cannot be predicted

13 Dec 2021 9:26 AM

Garg, who is in his mid-40's, cited market efficiency, performance and productivity as the reason behind the firings. (Representational Image: Reuters)

Indian-origin CEO who fired 900 on Zoom call takes time off after widespread outrage

On Dec 1 over a Zoom call that lasted less than 3 minutes, Garg abruptly fired more than 900 employees, about 9% of the company's workforce

11 Dec 2021 2:32 PM

The bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934. As per the Act, banks satisfying the RBI that its affairs are not being conducted in a manner detrimental to the interests of its depositors, are included in the second schedule. — PTI

Paytm gets scheduled bank status

While a payments bank cannot access the call money market or the interbank line, a scheduled bank can

10 Dec 2021 9:15 AM

Dey also introduced a new concept of business development officers (BDO), by which 50 per cent officials will focus on marketing the insurer's products. — orientalinsurance.org.in

Oriental weighs options in resizing network

OIC CMD Anjan Dey asked the officers to identify profitable products and lines of business, besides improving the claim settlement ratio

10 Dec 2021 9:07 AM

Some airlines have defaulted on clearance of their dues due to the losses. Air India had outstanding dues of Rs 2,350.62 crore to the Airports Authority of India up to September 2021. Alliance Air has Rs 109.81 crore dues, SpiceJet Rs 185.52 crore and Go Air Rs 56.53 crore. — ANI

Airlines, airports suffer Rs 20K cr losses

In the pandemic year of FY21, airlines are estimated to have incurred loss of about Rs 19,564 cr and airports losses of Rs 5,116 crore

07 Dec 2021 12:20 AM

Built on WhatsApp Business Platform, the partnership will expand access to Uber's mobility services in one of the company's largest international markets, it was stated. (Photo: Agencies)

Uber, WhatsApp announce partnership to launch ride-booking via WhatsApp in India

The first roll out on a pilot basis will take place in the northern city of Lucknow first, and will be expanded to other Indian cities soon

02 Dec 2021 12:48 PM

Ravi will also be the managing trustee of SOT and others will be trustees. The SOT was formed in 2006 as a private discretionary trust. As per reports, SOT owns close to a 30 per cent stake in the group's holding company Shriram Capital. — Representational image/By arrangement

Shriram Group puts succession plan in place

The board members have been appointed by Shriram Ownership Trust (SOT), which will function as the promoter group

01 Dec 2021 10:53 AM

Reliance Capital chairman Anil Ambani — PTI

RBI appoints advisory panel to assist R-Cap administrator

The members: Sanjeev Nautiyal, ex-deputy MD, SBI; Srinivasan Varadarajan, ex-deputy MD, Axis Bank, Praveen P. Kadle, ex-MD&CEO, Tata Capital

01 Dec 2021 10:47 AM

The factory will also focus on lithium-ion battery manufacturing. The company said it will invest Rs 650 crore over the next five years to increase its production capacity and improve operational efficiency to meet the growing demand for electric vehicles (EV). — By arrangement

Ather starts second factory

Ather is setting up a second plant near its existing facility at Hosur in Tamil Nadu to ramp up its capacity to 4,00,000 units a year

01 Dec 2021 10:37 AM

Amazon, which is trying to block Asia’s richest man Mukesh Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other companies. (Bloomberg)

India’s anti-money laundering agency summons Amazon

We are in receipt of summons issued by the ED in connection with the Future Group, an Amazon spokesperson said

28 Nov 2021 2:08 PM

Paytm had posted a loss of Rs 436.7 crore in the same quarter a year ago, according to an exchange filing. (PTI Photo)

Paytm Q2 loss widens to Rs 473 crore

Shares of the company closed at Rs 1,781.15 apiece, down by 0.86 per cent on the BSE on Friday

27 Nov 2021 12:54 PM

The bank had collected Rs 17.70 from each account holder during this period. (SBI Photo)

Digital transaction charges row: No charges for basic savings bank accounts, says SBI

The bank further said that the Central Board of Direct Taxes (CBDT) advised banks to refund charges collected on or after January 1, 2020

24 Nov 2021 1:54 PM

The higher tariffs will be effective from November 25, it said in a statement. (Photo: PTI)

Vodafone Idea hikes mobile call, data rates by 20-25 per cent

The announcement from Vodafone Idea comes a day after Bharti Airtel announced hiking tariffs

23 Nov 2021 12:48 PM

The other categories where hike has been announced are unlimited voice bundles and data top ups. (Photo: PTI/File)

Airtel announces 20-25 per cent tariffs hikes for prepaid offerings

The entry-level tariffed voice plan has been hiked by about 25 per cent

22 Nov 2021 9:10 AM

A QR code for Paytm is pictured at a vegetable stall in New Delhi. (Photo: AFP/File)

Paytm IPO: Offer price fixed at Rs 2,150 apiece

The shares of Paytm are expected to list on bourses on November 18

12 Nov 2021 12:48 PM

4 of 446

Columns

Mohan Guruswamy