LiveReliance Jio, Bharti Airtel Gaining Equal at the Expense of Vodafone Idea
New data from the Telecom Regulatory Authority of India (Trai) shows that Reliance Jio Infocomm Ltd and Bharti Airtel Ltd are splitting the exit Vodafone...
Category : BUSINESS
NCLT Rejects Central Bank’s Bankruptcy Plea Against Simplex Infrastructures
The National Company Law Tribunal (NCLT) in Kolkata has dismissed the Central Bank of India’s insolvency application against Simplex Infrastructures. In an order dated May...
Masayoshi Son Now Owes Softbank $5.2 Billion in Side Deals
Masayoshi Son is now personally being held accountable for a side deal he set up at SoftBank Group Corp about $5.2 billion to boost his...
SoftBank Sells 2% Stake in Paytm Worth $120 Million
SoftBank informed stock exchanges that it had sold a little more than 2% of Paytm parent One97 Communications Limited to comply with SEBI’s takeover rules....
Raymond Q4 Profit Down 26% to Rs 1,965 Crore
Diversified group Raymond Ltd on Tuesday reported a 25.84% drop in consolidated net profit at Rs 196.48 crore for the fourth quarter ended March 31,...
Mitsubishi Electric Partners with Tamil Nadu to Set Up Rs 1,895 Crore Manufacturing Plant
On Tuesday, Japan’s Mitsubishi Electric Corp signed an agreement with Tamil Nadu state government to set up a Rs 1,895 crore factory in India, a...
Supreme Court Upholds CCI’s Rs 202 Crore Fine Against Amazon
The Supreme Court (SC) has granted a stay of the Competition Commission of India (CCI) order for Amazon to pay a fine of Rs 202...
Stride Ventures Marks First Close of its Third Venture Debt at $100 Million
Stride Ventures marked the first close of its third fund at $100 million as the homegrown debt firm plans to capitalise on India’s increasing venture...
Three Adani Firms Lose Accreditation to UN-Backed Climate Group
Three Adani group companies, including Adani Green Energy Ltd, have lost recognition to the world’s leading arbitrator of corporate green goals in a blow to...
Razorpay to Shift Parent Firm to India from US Amid IPO Plans
On Tuesday, Y Combinator and Sequoia-backed fintech unicorn Razorpay announced that it is moving its parent entity to India from the US amid plans to...