Page 55 - Companies

Indus Towers MD & CEO Bimal Dayal resigns

Dayal was relieved from his services as MD, CEO and as a director from the board with effect from 17 September 2022 post working hours

After Amazon, Apollo Global wades into India's corporate governance jungle

After Amazon.com Inc., it's the turn of Apollo Global Management Inc. to wade into the jungle that's corporate governance in India

Ambuja, ACC capacity to double to 140 mtpa in 5 years: Gautam Adani

Both companies will become country's most profitable cement firms as margins will go up due to rising demand: Gautam Adani

Oyo reports its first EBITDA positive quarter, reduces FY22 losses

In FY22 revenues were Rs 4,905 crore, up 18 per cent against Rs 4,157.3 crore reported in FY21

Takeover scare for McLeod Russel as Carbon Resources picks up over 5% stake

The would-be acquirer makes non-binding offer to banks to settle the bulk tea producer's dues

DotPe raises $58 mn in series B, plans entry into financial services

The firm currently serves over 7.5 million brands including McDonald's, 24 Seven and Taco Bell

DotPe raises $58 mn in series B funding; to foray into financial services

Gurugram-based offline-to-online commerce platform DotPe on Monday said it has raised $58 million in its series B funding round led by Temasek

Ola does a u-turn: Plans more experience centres to take count to 200

At present the company has 20 experience centres; move is in contrast to company's earlier gameplan to disrupt traditional auto distribution channels by selling directly to customers

Firms starting to pass on rising costs amid pick-up in demand: RBI study

Report says the gap between output and input prices widened during the pandemic, particularly after the first Covid-19 wave

Meesho taps Bharat in its battle with Amazon, Flipkart this festive season

The SoftBank-backed firm is expecting 80% of its orders to come from rural India, which includes small towns and cities

Chip crunch driving used-vehicle sales, Shriram Automall revenues up 52%

Firm says pre-Covid level of sales achieved and that pre-owned vehicles are no longer a second choice

Adani group overtakes Tatas to be India's most valued conglomerate

The gap between Mukesh Ambani and Adani has widened by 40 per cent. Ambani, with $91 billion net worth, is ranked eighth in the world

Restructuring at Ola group likely to take away 200 engineering jobs

Aim is to minimize redundancy and centralise operations, says company

FM Nirmala Sitharaman calls for more women directors on India Inc board

Data from Prime Database shows that there are 2,350 women and 10,356 men holding position of directors at listed firms

Mankind Pharma files for IPO, could be second largest among pharma firms

The offer for sale is expected to be anywhere between Rs 5000-5500 crore, say sources

Peerless group poised for growth, targets Rs 1,000 crore turnover

PGFI's revenues for the year ended March 31, 2022, had stood at around Rs 498 crore while profit for the year was at 102.76 crore. But pre-Covid, turnover was in the region of Rs 535 crore

Walmart India team playing key role in innovation: CEO Doug McMillon

He added that they've changed the way people spend and save and their perception of value as well as how they travel, communicate, and work

Appoint grievance officer in 7 days: Delhi HC to domain name registrars

The companies have expressed that there is an absence of an effective mechanism to stop websites or parties from using the domain name and trademark of well known brands

More firms to have reduced compliance burden as govt revises norms

The government has revised the paid-up capital and turnover thresholds for small companies that will help reduce the compliance burden on more entities. The latest decision by the corporate affairs ministry, which is implementing the companies law, has again revised the definition of small companies and is aimed at further improving the ease of doing business. With the amendments to certain rules, the threshold for small companies' paid-up capital has been increased to "not exceeding Rs 4 crore" from "not exceeding Rs 2 crore". Similarly, the turnover threshold has been revised to "not exceeding Rs 40 crore" from "not exceeding Rs 20 crore", the ministry said in a release on Friday. The revisions will allow more entities to come under the category of small companies. According to the ministry, small companies are exempted from the requirement to prepare cash flow statement as part of financial statement and can file an abridged annual return. They will not be required to have the

Gautam Adani's elder son to oversee newly acquired cement companies

An announcement on Karan's appointment could come as soon as Friday, the people said. A representative for Adani Group declined to comment.