Page 2 - Companies News
Amazon, Flipkart executives to be summoned as regulatory scrutiny grows
Indian laws prohibit foreign e-commerce players from holding inventory of goods they can sell on their website
 "Amazon, Flipkart executives to be summoned as regulatory scrutiny grows")
Essar Group appoints Manu Kapoor to lead global public policy strategy
Manu Kapoor is an established leader with a successful career managing corporate reputation and brands across the Middle East, Africa, Central Asia, Eastern Europe, and Asia
 "Essar Group appoints Manu Kapoor to lead global public policy strategy")
US, Canadian warships sail through Taiwan Strait week after Beijing's games
The US is Taiwan's biggest unofficial ally and is bound by its own laws to provide the island with the means to defend itself
Puravankara bookings fall 17% to Rs 1,331 cr despite strong housing demand
The company sold properties worth Rs 2,459 crore during the first six months of this fiscal year, down from Rs 2,725 crore in the corresponding period of the previous year
 "Puravankara bookings fall 17% to Rs 1,331 cr despite strong housing demand")
Pharma stocks: Nomura gives 'Buy' to Lupin remains 'Neutral' on others
Lupin is preparing the launch of PredForte, having a market of $200 million with 180 days competitive generic therapy (CGT) exclusivity in the near term
 "Pharma stocks: Nomura gives 'Buy' to Lupin remains 'Neutral' on others")
Reliance Power board meeting on Sept 23; firm to consider fund raise
Anil Ambani's twin strategy of debt reduction, coupled with fresh capital raising, has set the stage for a long-term transformation of the Reliance Group, investors feel
 "Reliance Power board meeting on Sept 23; firm to consider fund raise")
ICICI Bank's market cap tops Rs 9 trillion; stock hits new high
In one week, the stock of the second largest private sector lender has outperformed the market by gaining 3.5 per cent, compared to the 1.9 per cent rise in the BSE Sensex.
 "ICICI Bank's market cap tops Rs 9 trillion; stock hits new high")
Tata Motors taps used car market to boost electric vehicle resale, exchange
The company has the largest car park in EVs in India, estimated to be around 170,000 units. As a pilot, the company has already started work with used online car marketplace Spinny
 "Tata Motors taps used car market to boost electric vehicle resale, exchange")
Zee Entertainment refutes $940 million damages claim by Disney's Star India
The dispute centres on an alliance agreement between Zee and Star India valued at $1.4 billion for the broadcasting rights for International Cricket Council (ICC) events
 "Zee Entertainment refutes $940 million damages claim by Disney's Star India")
GST Council may decide on tax treatment of life, health insurance
Fitment panel suggests four options to Council with revenue implications
Gautam Adani planning to revamp family offices, hire auditors and CEO
The moves aim to bring transparency in how the wealth of Asia's second-richest person, valued at $105.4 billion
 "Gautam Adani planning to revamp family offices, hire auditors and CEO")
Hindenburg steps up for Adani round two, this time with attack on Sebi
Hindenburg's original report, in which it had accused the centi-billionaire of pulling largest con, caused Adani Group's market capitalization to crater by $150 bn
 "Hindenburg steps up for Adani round two, this time with attack on Sebi")
FSIB recommends Rama Mohan Rao Amara for Managing Director of SBI
He will fill the vacancy created due to elevation of C S Setty as chairman of the country's largest lender
 "FSIB recommends Rama Mohan Rao Amara for Managing Director of SBI")
BigBasket embraces quick commerce, set to rival Blinkit, Zepto, Swiggy
BigBasket's strategy involves the deployment of 500-600 dark stores nationwide, which will work alongside its large warehouses
 "BigBasket embraces quick commerce, set to rival Blinkit, Zepto, Swiggy")
US based Invesco further slashes Swiggy's valuation to $5.5 billion
The revised valuation represents a massive 49% decrease from the $10.7 billion valuation
 "US based Invesco further slashes Swiggy's valuation to $5.5 billion")
Work from office near pre-pandemic levels, will stop tracking soon: TCS
We actually have come to the point where we believe we are coming back to almost the same levels as we were pre-pandemic times, chief of human resources, Milind Lakkad said
 "Work from office near pre-pandemic levels, will stop tracking soon: TCS")
Zee Entertainment Enterprises to raise $239 million through FCCB
The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share
 "Zee Entertainment Enterprises to raise $239 million through FCCB")
Tesla veteran Jay Vijayan's startup Tekion secures $200 million funding
Automotive software platform gets backing of Dragoneer Investment Group at a valuation of $4 billion
 "Tesla veteran Jay Vijayan's startup Tekion secures $200 million funding")
Paytm gets Sebi warning for transactions with banking unit, defends itself
Company says it's committed to 'highest compliance standards' after regulator flags related party transactions with Paytm Payments Bank in FY22
 "Paytm gets Sebi warning for transactions with banking unit, defends itself")
NCLT admits insolvency plea against Byju's, rejects firm's arbitration plea
Edtech company put under moratorium after tribunal finds it defaulted on due owned to BCCI
 "NCLT admits insolvency plea against Byju's, rejects firm's arbitration plea")
