Companies

Unacademy spent ₹5 to make ₹1 in FY21; revenue, losses surge 6X [financials explained]

Edtech giant Unacademy filed its financial results for FY21, which shows the company has grown immensely but its spending needs to be pulled back several notches to balance the sheets.

Nov 22, 2021

Government intervenes to save IndiGo from Jet Airways-like crash landing

Sky's the limit: IndiGo is now tenth largest airline by capacity globally; growth indisputable [details]

IndiGo has emerged as the tenth-largest airline globally and largest in the APAC region by seat capacity. Here's what's giving thrust to the airline major to fly higher.

Nov 22, 2021

Tesla Chief Elon Musk sells $ 5 billion worth Tesla shares after Twitter Poll

It is pertinent to note that Musk's Twitter poll asking about selling 10% of his Tesla stock came after some Congressional Democrats pushed for rich like him to shed taxes on stock gains even if they don't sell any.

Nov 11, 2021

Yes Bank's Q2FY22 YoY net profit up over 74%

Non-interest revenue increased by 30.2 percent to Rs 778 crore from Rs 597 crore during the review period.

Oct 23, 2021

RIL reports Q2FY22 YoY net profit up by 46% to Rs 15,479 cr

Net profit for the quarter increased 44.1 per cent year on year to Rs 9,228 crore on a standalone basis.

Oct 23, 2021

Why governments across the globe are taxing major tech companies: Explained

It is pertinent to note that the IMF has also expressed some interest in the proposal.

Oct 13, 2021

Invesco proposed merger with large Indian group in Feb 2021: Zee's Goenka

Another merger deal pushed by its largest overseas shareholder that would have robbed the shareholders of at least Rs 10,000 crore come up.

Oct 13, 2021

Airport commissions second solar power plant.

Reliance New Energy Solar to acquire 40% stake in Sterling & Wilson Solar

RNESL will hold 40 per cent of the equity capital of SWSL, consequent to acquisition in the open offer, follow-on acquisition of shares from SPCPL and Khurshed Daruvala, and sell down, if any required.

Oct 10, 2021

Centre notifies 100% FDI in telecom sector via automatic route; India Inc welcomes

A four-year moratorium on AGR-related dues given to help cash-strapped telcos more time to strengthen their businesses and pay off their debts

Oct 9, 2021

It's official: Tata's bid wins Air India back after 68 years

The Centre on Friday declared Tata Sons' subsidiary Talace as the winner with the highest bid for national carrier Air India at Rs 18,000 crore

Oct 8, 2021

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Adani Green Energy closes India's largest renewables M&A deal with SB Energy Holdings

Adani Green Energy Ltd (AGEL) has completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash deal for which definitive agreements were signed on May 18, 2021.

Oct 4, 2021

Air India sale update: Govt receives final bids, Tata, SpiceJet in fray [details]

Air India Limited's sale is finally moving ahead as the Indian government has received the final financial bids for the airline's divestment on Wednesday.

Sep 15, 2021

Jet Airways threatened with bankruptcy proceedings

Jet Airways gets back its wings, likely to fly from first Quarter of 2022

Due to growing losses, the airline, which was previously India's largest private carrier, was forced to cancel all flights in April 2019, owing to lenders billions of dollars and laying off thousands of people

Sep 13, 2021

PayU acquiring BillDesk for $4.7 billion; makes it world's leading online payment provider [details]

The transaction, which is subject to approval from the Competition Commission of India, builds on previous successful acquisitions by PayU in India, including CitrusPay, Paysense and Wibmo.

Aug 31, 2021

SEBI bars Kotak Mahindra AMC from launching new Fixed Maturity Plan schemes for 6 months

Market regulator has also imposed a penalty of Rs 50 lakh on the the AMC and asked it to refund a part of the fund and fees collected from the unitholders of six FMP schemes by Kotak Mahindra

Aug 28, 2021

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