New Delhi Indiamart Intermesh Ltd, a B2B e-commerce company, on Thursday reported a 72.2 per cent decline in consolidated net profit to ₹50.2 crore for the March quarter. The company…
Category: Companies
Skoda Volkswagen Group builds global car and software hub in India with Pune R&D expansion
Skoda Volkswagen Group is positioning India as a global engineering hub, with its 33,000 sq ft R&D expansion in Pune aligned with its “Make in India, for India and the…
Waaree Energies bets ₹30,000 crore on full-stack energy play
Waaree Energies is planning a ₹30,000 crore capital expenditure over the next 18–24 months to build a fully integrated clean energy platform, even as the company reported strong March quarter…
Infosys names Nitin Paranjpe non-executive vice chairman; no change in chair, says Nilekani
Infosys has announced that the Board of Directors has approved the appointment of Nitin Paranjpe as non-executive Vice Chairman of the Board with immediate effect, as per the company’s regulatory…
The House of Rare bets on lifestyle pivot, quick commerce to fuel growth
The House of Rare aims to evolve beyond apparel into a broader lifestyle-led retail powerhouse as it expands into categories such as fragrances, luggage and women’s footwear, while also betting…
JPMorgan breaks silence on the Lorna Hajdini sexual abuse case: ‘extensive internal probe reveals…’
Amid the Lorna Hajdini sexual abuse case, JPMorgan, which was also part of the lawsuit, strongly denied allegations. On Monday, a former JPMorgan employee under the pseudonym John Doe accused…
Who is Chirayu Rana? Man behind sexual abuse allegations against JPMorgan’s Lorna Hajdini—what new reports reveal
The former employee of who filed a lawsuit against senior executive has now been identified as Chirayu Rana, according to a report by The New York Post. The complaint, initially…
Reliance sells unit to former associate company, in test of Sebi’s related party transaction rules
Reliance Industries Ltd’s recent sale of a second-level step-down subsidiary to a little-known company may test the limits of regulation on related-party transactions even while technically keeping to the rules,…
Tata Sons can’t escape RBI’s public funds net
A clarification by the Reserve Bank of India has undercut Tata Sons’ attempt to distance itself from public funds, potentially of non-bank financial companies (NBFCs), a category that entails tighter…
Blue Owl sold about half its SpaceX holding at $1.25 trillion valuation, co-CEO says
By Isla Binnie and Manya Saini NEW YORK, April 30 (Reuters) – Blue Owl sold about half its investment in SpaceX at a $1.25 trillion valuation, the alternative asset manager’s…