Companies

Relieved by GCMMF as MD, Sodhi says had resigned in morning

RS Sodhi, Amul's MD for 40 years, steps down; Jayan Mehta gets interim charge [details]

RS Sodhi said when he took over in 2010, Amul's turnover was Rs 8,000 crore, and now it has touched Rs 61,000 crore.

Jan 10, 2023

CERC asks Centre to compensate imported coal-based power plants; Tata Power welcomes decision

Power plants dependent on imported coal should be fully compensated for meeting electricity demand under forced circumstances, the Central Electricity Regulatory Commission (CERC) has said in an order.

Jan 4, 2023

Adani group to own 64.71% stake in NDTV after Roys decide to cash out 27.26%

The two original promoters of New Delhi Television Ltd (NDTV) -- Prannoy Roy and Radhika Roy -- have decided to sell their 27.26 per cent holding in the company to Adani group's RRPR Holdings Private Ltd

Dec 24, 2022

Reliance Retail Ventures is all set to acquire METRO Cash & Carry India in Rs 2,850 Cr deal

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, has signed definitive agreements to acquire 100 per cent equity stake in METRO Cash & Carry India Pvt. Ltd. (METRO India) for a total cash estimation of Rs 2,850 crore, subject to closing adjustments

Dec 22, 2022

Jio completes acquisition of Reliance Infratel, after paying Rs 3,720 cr to lenders

Reliance Jio Thursday completed the acquisition of Reliance Communication Ltd.'s (RCOM) tower and fiber assets by paying Rs 3,720 crore to the lenders

Dec 22, 2022

Adani Group to have its nominees on NDTV Board

The Board of New Delhi Television Ltd (NDTV) has approved a proposal to invite the Adani Group's RRPR Holding Private Ltd to nominate two Directors to the former's Board

Dec 10, 2022

FADA cautiously optimistic on near term outlook for auto sales

The hike in vehicle prices by the manufacturers, the fallout of the 35 basis points (bps) increase in the repo rate by the Reserve Bank of India (RBI), may dent the confidence of two-wheeler and entry level car buyers, said the Federation of Automobile Dealers Associations (FADA).

Dec 9, 2022

Make in India: Apple fasts forwards plans to shift manufacturing to India amid China unrest [details]

Apple is fast forwarding its manufacturing plans in India and Vietnam in the wake of China unrest over zero-Covid policy which has severely disrupted its supply chain, leading to an acute shortage of new iPhone 14 Pro models.

Dec 4, 2022

New NDTV board approves Prannoy Roy & Radhika Roy's resignation as RRPR directors

In a dramatic late night development on Tuesday, the new NDTV board approved the resignations of Prannoy Roy and Radhika Roy as directors of RRPR Holding Private Ltd (RRPR), the promoter group vehicle of New Delhi Television Ltd (NDTV).

Nov 29, 2022

High-profile exits at BharatPe continue; top-level execs quit firm [details]

Fintech platform BharatPe has hit with a fresh wave of resignations at the top level, as its chief technology officer (CTO) Vijay Aggarwal and Rajat Jain, chief product officer (CPO), have quit among others.

Nov 29, 2022

Tata Consumer to acquire Bisleri for around Rs 7,000 crore: Report

Ramesh Chauhan is divesting Bisleri International to Tata Consumer Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore, The Economic Times reported.

Nov 24, 2022

Amazon begins mass layoffs to combat "unusual and uncertain macroeconomic environment"

Reuters reported that the layoff will primarily affect the retail and human resource development sections of the company

Nov 17, 2022

Flipkart to expand India biz; Walmart raising up to $3 billion: Report

Retail giant Walmart is reportedly raising up to $3 billion for its e-commerce giant Flipkart to further expand its operations in the country.

Oct 26, 2022

E-commerce supply chain unlocks limitless opportunities in India

E-commerce providing tailwinds to tier-2, 3 cities to nurture local talent

Flipkart has become an ecosystem enabler by rolling out myriad initiatives, which create new employment opportunities for the youth of the country — all the way from metros to tier 2, 3 cities, mofussil towns and villages.

Oct 24, 2022

2,500 people to lose jobs in Byju's as firm eyes ensuring profitability

Divya Gokulnath, co-founder of Byju's said that the company will start focussing on building brand awareness overseas through new partnerships

Oct 13, 2022

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