Page 53 - Companies

NHAI's InvIT plans to raise Rs 2,000 cr to acquire road assets: Report

The Infrastructure Investment Trust (InvIT) is planning to raise Rs 2,000 crore from investors to acquire two to three road assests from its parent firm

Sebi bans The Apex Global, its proprietor from markets for 4 years

Markets regulator Sebi has barred The Apex Global and its proprietor Yadunath Singh Thakur from securities markets for four years and directed them to refund money collected from investors through unauthorised investment advisory services. The regulator found that The Apex Global and Thakur were engaged in the business of providing investment advice to their clients and for consideration and thus, were acting as investment advisers. They were involved in such investment advisory services without obtaining regulatory approval from it, which is in violation of Investment Advisers (IA) norms, the Securities and Exchange Board of India (Sebi) said in its order on Wednesday. Through such services, they had received a total amount of Rs 1.23 crore from June 2013 to December 2019 through unregistered investment advisory activities, it added. Accordingly, Sebi said, the "noticee shall within a period of three months refund the money received from any complainants/ investors, as fees or ...

SBI files 'insolvency petition' against Jaiprakash Associates in NCLT

JAL is involved in cement manufacturing, engineering and construction, expressways, real estate, hospitalities, wind/thermal power plants at various locations all over India.

TotalEnergies may trim stake in Adani Green to cash in on valuation jump

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani.

'Contrary to core values': Oracle reacts after SEC fine over slush funds

Indian employees of US tech giant used discount scheme in dealing with transportation firm owned by railways ministry: Regulator

Fast Company shuts website after Apple News feed hack, obscene alerts

US-based business news publication Fast Company said its content management system (CMS) was hacked and two obscene and racist push notifications were sent to users via its Apple News alerts

Hostile media bid shows how Asia's richest can align and dominate a sector

The NDTV acquisition, if successful, would make Adani and Ambani straight-up rivals in a sector for the first time, given Ambani's control of large media assets including news channels

BigBasket to raise $200 million at a valuation of $3.5 billion: Report

The infusion of fresh capital comes at a time when the company is aiming to expand its core offerings to compete with competitors like Dunzo, Zepto, Swiggy Instamart and others

Ten days after global launch, Apple starts assembling iPhone 14 in India

Apple effectively pays 26 per cent duty on the free on board (FOB) value of imported phones

India operations to offer post-trade products to global clients: OSTTRA

London-based company says Indian team supports its international clients, solves operational problems

Bharat Forge: Rising industrial segment revenue, auto recovery drive gains

Brokerages have also highlighted that the energy crisis in Europe would be a big opportunity for Indian forging and casting companies such as Bharat Forge

DTAB to review 19 fixed-dose combinations drugs, codeine formulations today

CDSCO aims to phase out these combinations and codeine-based drugs in a phased manner

Crypto exchange Binance seeks permit to return to Japan market after 4 yrs

Binance, the world's biggest cryptocurrency exchange, is seeking a license to operate in Japan, four years after retreating from the country as it didn't have a permit

Healthtech start-up Butterfly Learnings raises $1.5 mn in seed funding

Round saw participation from Insitor Partners, 9Unicorns, Venture Catalysts and a clutch of other investors

Unilever CEO Alan Jope to retire at end of 2023 after GSK setback

Jope, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor currently in place

Hero Electric to set up Rs 1,200 crore manufacturing unit in Rajasthan

The greenfield facility by Hero Electric will be spread over 170 acres and have an annual capacity of manufacturing 2 million units

Salesforce to increase India headcount to 10,000 by Jan next year: CEO

Salesforce India will increase its headcount in the country to 10,000 by January next year from 7,500-plus currently, its chairperson and CEO Arundhati Bhattacharya has said. Bhattacharya further said that in the order of priority, the focus areas for Salesforce in India are banking, financial services and insurance (BFSI), manufacturing, services and social services. "We are (Salesforce India's headcount) at about 7,500 plus. We are expecting that we will end FY23, which for us ends in January of 2023... we expect to be in the range of 10,000," she told PTI in an interview. Currently, cloud-based services provider Salesforce has offices in six Indian cities of Mumbai, Hyderabad, Bengaluru, Pune, Gurugram and Jaipur. Salesforce increased its headcount significantly in India during the pandemic to 7,500 from 2,500 in April 2020. Replying to a question on flexible and hybrid work culture post-pandemic, she said, "We will see more and more workforce returning to the ...

Housing.com to hire about 200 people in FY23; to invest in tech, promotion

Realty portal Housing.com will hire about 200 people this fiscal to strengthen its team, besides investing in technology as well as brand promotion to become the clear market leader, its CEO Dhruv Agarwala said. REA India, part of Australia's REA Group and US-based News Corp, owns three real estate portals -- Housing.com, PropTiger and Makaan.com. In an interview with PTI, Agarwala highlighted that the turnover of REA India rose 92 per cent during 2021-22 fiscal (July-June) to nearly Rs 300 crore. Housing.com -- one of the leading real estate classified platforms in India -- contributed around 80 per cent to the total revenue, and housing brokerage platform PropTiger.com the balance 20 per cent. Makaan.com's revenue was negligible. REA India will continue to invest in technology, brand promotion and talent acquisition to grow Housing.com business. It has already announced Rs 40 crore investment in FY'23 for Housing.com and could raise it further looking at competitors. At present,

The unstoppable rise of German Aldi in Britain shows no sign of slowing

Aldi is the fourth-largest grocer in the country, gaining market share from bigger rivals as millions of Britons search for cheaper bills on their weekly shop

Oil India sees 'healthy' profit in September qtr despite windfall tax

Oil India Ltd is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said