Page 8 - Companies

BharatPe strongly denies out-of-court settlement talks with Ashneer Grover

Fintech platform BharatPe on Monday said that there are no settlement talks going on between the company and its former founder and Managing Director Ashneer Grover

GAIL declares interim dividend of 40% for financial year ending 2022-23

India's largest gas firm GAIL on Monday declared an interim dividend of 40 per cent or Rs 4 per equity share for the financial year ending March 31 (2022-23). The total dividend payout would be Rs 2,630 crore, the company said in a statement after its board of directors approved payment of an interim dividend. GAIL chairman and managing director Sandeep Kumar Gupta said the company has been providing shareholders with a steady long-term returns on their investments. The government of India, with 51.52 per cent shareholding in the company, will receive Rs 1,355 crore dividend.

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal

Chennai-based company says 'vast majority' of its finances not held at failed US lender

Billions worth of crypto trades at risk as shutdown of 3 banks takes toll

On Sunday, regulators in New York closed Signature Bank. As of March 8, the bank still held $16.5 billion in crypto-related deposits

Managing director Mohanty named LIC interim chairperson as Kumar era ends

Takes charge on March 14 for three months, faces challenges of LIC's falling market share and share price, apart from depleted value of its holdings in Adani group

Government of Gujarat promoted companies: A success story

The state is consistently ranked among top three in terms of attracting capital investment including foreign direct investment

Study shows online 'personal brands' are key to job success for Gen Z

Generation Z, people born between 1997-2012, perceive online "personal brands" as a crucial tool to gain more advantage in job markets, new research reveals

Godrej Industries plans to raise Rs 1,000 cr via bonds pvt placement basis

Godrej Industries, part of Godrej Group, plans to raise Rs 1,000 crore through an issue of bonds on a private placement basis. "The management committee of the board of directors of the company has on March 10, 2023, inter alia, approved the placement memorandum/ information memorandum for issuance of up to one lakh rated, listed, unsecured, redeemable, NCDs (Non-Convertible Debentures) having face value of Rs one lakh only each, aggregating up to Rs 1,000 crore on private placement basis," said Godrej Industries in a late-night regulatory filing on Friday. The issue has been divided into two tranches of 25,000 NCDs with a face value of Rs 1 lakh each. Each series will have an aggregate nominal value of up to Rs 250 crore with an option to retain over-subscription up to Rs 250 crore aggregating up to Rs 500 crore. Godrej Industries operates in the businesses of Oleochemicals, surfactants, finance & investments and estate management. It has substantial interests in several ...

Margin pressure for consumer electrical companies to continue in Q4

Volumes key as costs rise and firms refrain from hiking prices of products

Why is everyone talking about SVB? Here's all that you need to know

Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio

Vodafone Group, Three UK putting final touches on tie-up with Britain

Talks are ongoing and no final decisions on the structure of the merger or timing of any announcement have been made

Barclays silent as JPMorgan distances itself from Epstein-linked Jes Staley

With Staley contesting the findings of the UK regulatory probe, the British lender is maintaining a steady silence even as questions mount about its decision making over his departure

Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding

The pre-IPO round at Aakash will help the startup to tide over a liquidity crunch as talks to raise funds at a parent level are getting delayed with a prolonged due diligence process

As Air India restarts its hockey team, a look at Tata's sporting legacy

Some of India's top hockey and football talent has come from the ecosystem the conglomerate as nurtured

Vietnam chief of Apple supplier exits after flagging shift from China

Deputy Chairman Kazuyoshi Yoshinaga is departing for "personal reasons," the Chinese firm said in a brief exchange filing, without elaborating

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

Instagram down for users for a few hours worldwide, cause unclear

Users complained about difficulties logging in, uploading photos, and accessing Instagram features

Nissan to develop new powertrains, may cut cost of hybrid cars by 30%

By enhancing the common parts that underpin a vehicle, the Yokohama-based automaker expects to be able to lower the cost of its hybrid cars to the same level as gasoline-powered cars by 2026

Competition Commission of India squeezed by staff vacancies and workload

The Competition Commission of India, which has imposed million dollar penalties on Alphabet Inc.'s Google to Amazon.com Inc., is functioning with just two members

DBS CEO Piyush Gupta's total pay for 2022 rises by 13% to $11.4 million

Gupta received a cash bonus of about S$5.8 million ($4.3 million) and a salary remuneration of S$1.5 million that contributed to an overall compensation of S$15.4 million for 2022