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…
Category: Companies
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…
Zomato Gold adds 9 lakh members in a month; 10-minute delivery service to be replaced with home-style meal service
Food delivery platform Zomato’s recently relaunched loyalty program Gold has onboarded over nine lakh members in a month, the company said. Announcing the financial results for the quarter ended December…
LIC chairman on Adani Group: ‘Haven’t reduced exposure, but…’
The Life Insurance Corporation (LIC) has not reduced any exposure in Adani Group but it wants the embattled conglomerate to “throw some light on what is happening in the market”,…
Reliance Trends Footwear ropes in newly-wed Kiara Advani and Sidharth Malhotra as brand ambassadors
Trends Footwear, owned by Reliance Retail, has on Thursday announced the newly-wed Bollywood couple Kiara Advani and Sidharth Malhotra as its brand ambassadors. Akhilesh Prasad, President and CEO, Fashion and…