Wipro Chairman Rishad Premji on Wednesday while speaking with Business Today’s Aabha Bakaya at Nasscom Technology & Leadership Forum 2023 revealed his hiring formula. Premji, upon being asked how he…
Category: Companies
Adani Group says it has secured $3 billion credit from sovereign wealth fund, claims report
The Adani Group has told its creditors that it has secured a $3 billion loan from a sovereign wealth fund, a Reuters report said on Wednesday. Two sources with knowledge…
Tata Power Renewable Energy announces completion of capital infusion worth Rs 4,000 crore
Tata Power’s subsidiary, Tata Power Renewable Energy (TPREL), has said that it has received the second and final round of investment worth Rs 2,000 crore from GreenForest New Energies Bidco…
Axis Bank completes acquisition of Citibank’s India consumer business
Mumbai-headquartered Axis Bank has completed the acquisition of the India consumer business of the Citigroup-owned foreign bank Citibank for Rs 12,325 crore prior to evaluation of the closing position of…
Adani Group’s high debt is not a con but…: Valuation guru Aswath Damodaran
The Adani Group as a whole has too much debt and it has done more harm than good for the conglomerate, valuation guru Aswath Damodaran said in another blog post…
Vedanta Resources prepays all of its debt due till March 2023
Mining major Vedanta Resources Limited (Vedanta) on Tuesday said it has pre-paid all of its maturities due till March 2023 and has deleveraged by $2 billion in the past 11…
Softbank may sell Rs 600-cr stake in Delhivery through block deals on March 1: Report
Japanese investment giant conglomerate Softbank Group plans to sell its stake in block deals totaling roughly Rs 600 crore in Delhivery, a logistics and supply chain company based in Gurugram, reported…
Adani-Hindenburg issue: Sebi has not found any irregularities yet, claims report
Market regulator Securities and Exchange Board of India (Sebi) has said that it is currently looking into the specific allegations made by US-based short seller Hindenburg Research against the Gautam…
HDFC-HDFC Bank merger: NCLT reserves order after hearing HDFC, HDFC Bank’s counsels
The National Company Law Tribunal (NCLT) on Tuesday reserved the order for the merger of the Housing Development Finance Corporation (HDFC) and HDFC Bank, according to sources. The NCLT has…
What will happen to Vistara’s 5000 employees after it merges with Air India?
Air India’s Chief Executive Officer Campbell Wilson announced on Monday that the Tata Group plans on scrapping the brand Vistara, another airline owned by the Tata group of companies, after…