Delhivery on Friday reported its net loss widened to Rs 196 crore for the quarter ending December 31, 2022 as against Rs 127 crore in the year-ago period. The logistics…
Category: Companies
Adani-Hindenburg row: ‘How to ensure protection of investors,’ Supreme Court asks SEBI
Supreme Court on Friday began hearing a plea seeking an inquiry into the Hindenburg Research report on the Adani Group by a committee headed by a retired judge of the…
Will meet Adani management to discuss Hindenburg issue: LIC chairman
LIC chairman MR Kumar said that the company’s management will soon meet the top management of the Adani Group and seek a better understanding of the crisis. In an exclusive…
LIC chairman MR Kumar says shareholders, policyholders need not worry about insurer’s exposure to Adani Group
State insurer Life Insurance Corporation (LIC) Chairman M R Kumar on Friday said that the shareholders and policyholders should not worry about their investments amid rumours of its overexposure to…
Canada Pension Plan Investment Board makes two investments, one exit in India in Q3 FY23
Toronto-based investment management firm Canada Pension Plan Investment Board (CPP Investments) has made capital allocation decisions to back IIFL Wealth and IndoSpace’s new real estate fund, and exercised an exit…
Zomato-owned Blinkit to grow dark store count by 30-40% in a year
Quick commerce platform Blinkit, which was integrated within Zomato’s operations in August 2022, looks to ramp up its dark store network as more of these stores turn profitable. In a…
Global Investor Summit 2023: Reliance to invest Rs 75,000 crore in UP, says Mukesh Ambani
Reliance Industries Chairman Mukesh Ambani said that the conglomerate will invest Rs 75,000 crore in Uttar Pradesh. Ambani was delivering a speech at the Global Investor Summit 2023, held in…
Gautam Adani hires Wachtell law firm in US in battle against Hindenburg: Report
Gautam Adani has hired one of the most expensive legal firms in the US, Wachtell, in its fight against short-seller Hindenburg Research. Known to be one of Wall Street’s fiercest…
PepsiCo India reports double digit revenue growth in 2022
Global food and beverages major PepsiCo on Thursday said its Indian unit delivered a “double-digit organic revenue growth” in 2022. The company has gained market share in beverage and savory…
‘At Zomato, winter is NOT coming,’ says CEO Deepinder Goyal as Q3 loss widens
After announcing Q3 results, Zomato CEO Deepinder Goyal said on Thursday that at the food delivery platform “winter is NOT coming”. Goyal said as tech industry is announcing layoffs, “this…