LiveDMart’s Q1FY21 Revenue Gets Hit by Covid-19
On Saturday, Avenue Supermarts, which owns and operates retail chain DMart, has reported 88% drop in the net profit of the April-June period. Due to Covid-19, the...
Category : BUSINESS
Gland Pharma Files Papers for IPO Worth Rs 1,250 Crore
Gland Pharma, a Hyderabad based Pharmaceutical Company, has an Initial Public Offering (IPO) that includes a fresh issue of shares worth up to Rs 1,250 crore and, had filed...
Jio Platforms Receives Rs 30,000 Crore from Four Investors
Jio Platforms has received subscription amounts, totalling Rs 30,062.43 crore, for a 6.3 per cent stake sale to L Catterton, PIF, Silver Lake, and General Atlantic...
Vodafone Idea Paid Rs 2,850 Crore to Mutual Funds, Banks
Vodafone Idea has repaid the outstanding dues of Rs 2,850 crore to 7 bondholders including mutual funds and banks. The payment will be credited in the...
Canara Bank to Raise up to Rs 8,000 Crore in FY21
The Board of Directors meeting of Canara Bank held on July 10, 2020, had approved to raise up to Rs 8,000 crore in the current...
Reliance Gets US $ 1 Bn from British Petroleum for JV Venture
British Petroleum (BP) has paid Reliance Industries Limited $1 billion for a 49 per cent stake in their new Indian fuels and mobility joint venture, Reliance...
Mastercard to Invest Rs 250 Crore to Help Indian SMEs
Mastercard will invest Rs 250 crore in India to help reboot Small Micro Enterprises (SMEs) and enable business recovery. Their dependency on the cash-economy and supply chain disruptions...
TCS Profit Drops Nearly 14% in Q1 Earnings
TCS reported a 13.8% drop in the net profit of first-fiscal quarter, April-June period against the quarter profit from a year earlier.Tata Consultancy Services has declared a...
PNB Terms DHFL Exposure of Rs 3,688.6 Crore as Fraud
India’s second-largest public sector lender Punjab National Bank (PNB) declared its Rs 3,688.58 crore exposure to mortgage financier Dewan Housing Finance Ltd (DHFL) as a fraud. ‘A...
Flipkart Invests Rs 260 Crore in Arvind Youth Brands
Flipkart has announced an investment of Rs 260 crores to pick up a minority stake in Arvind Fashions recently-formed subsidiary Arvind Youth Brands which owns the...