Indian IT major Wipro will be rolling out 87 per cent variable to employees in bands A to B3 for the December-ended quarter of FY 2022-23, the company announced to…
Category: Companies
Adani Power’s Rs 7,017-crore acquisition deadline of DB Power expires
Adani Power’s planned Rs 7,017 crore acquisition of DB Power has failed as the deadline to complete the transaction expired. In a filing, the company said that the long-stop date…
Hindenburg report is not gospel truth: Former SEBI executive director JN Gupta
US-based short seller Hindenburg Research may well have alleged that Adani Group has indulged in stock manipulation, accounting frauds and round tripping of funds through shell companies but many in…
Infosys’ revenue growth in FY23 likely to be better than TCS: Moody’s
The ratings agency gave both the Indian IT giants Baa1 ratings, but noted that it expects 13 per cent revenue growth for Infosys and 8 per cent revenue growth for TCS in…
Hindenburg-hit Adani Group hires banks to hold bond investor calls after market rout
Adani Group and two of its main subsidiaries caught up in a short-selling storm in recent weeks are to hold calls with bond investors on Feb. 16 and Feb. 21,…
RBI grants payment aggregator licence to 32 entities: Here’s the full list
The Reserve Bank of India (RBI) on Wednesday said it has granted in-principle approval to 32 existing online payment aggregators, allowing them to continue their operations. Amazon (Pay) India Pvt…
YCombinator, Binny Bansal’s firm, and others invest $2.5 mn in Bengaluru-based start-up HireSure
HireSure.ai, an HRtech platform that enables companies to leverage data in making more efficient compensation decisions, has raised $2.5 million in seed funding led by YCombinator and Binny Bansal’s Three…
Ticket size of Air India’s record order for almost 500 Airbus, Boeing jets could be roughly $110 bn: Mark Martin
Tata Group-owned Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing, whose ticket size has been pegged at roughly $110 billion by Mark Martin,…
Adani Group touts ‘very healthy’ balance sheet in bid to calm investors
Billionaire Gautam Adani’s embattled conglomerate said its balance sheet is “very healthy” and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in…
Air India seals mega deals with Airbus, Boeing: Ten things to know about the record order
Air India unveiled deals on Tuesday for a record 470 jets from Airbus and Boeing. Here are ten things to know about this mega development in India’s aviation sector. *…