Japan’s SoftBank Group Corp fell to a quarterly loss on Tuesday, as its giant Vision Fund investment unit remained in the red for a fourth straight quarter, sharpening focus on when…
Category: Companies
‘Ready to debate with Raghuram Rajan’: Ashwini Vaishnaw defends PLI scheme for semiconductors
Minister of Electronics & IT Ashwini Vaishnaw on Monday rejected the concerns raised by noted economist and former RBI Governor Raghuram Rajan on the Production Linked Incentives (PLI) to boost…
Hero MotoCorp Q3 net profit rises 4% to Rs 711 cr, firm declares interim dividend of Rs 65 per share
Hero MotoCorp on Tuesday reported 4% rise in net profit at Rs 711 crore for the quarter ended December 31, 2022 as against Rs 686 crore in the year-ago period. …
Ambuja Cements Q3 results: Net profit rises 46% to Rs 369 cr
Ambuja Cements on Tuesday reported 46% jump in net profit at Rs 369 crore for the quarter ending December 31, 2022 as against Rs 253 crore in the year-ago period. …
Mensa Brands raises Rs 300 crore in a debt round to fund new acquisitions
E-commerce roll-up unicorn Mensa Brands has raised a debt round of Rs 300 crore led by alt-debt platform TradeCred. The ‘house of brands’ plans to utilize the funds for new…
SC refuses to grant relief to Rapido against Maharashtra ban on bike aggregators
Supreme Court on Tuesday refused to grant relief to Rapido against Maharashtra government’s ban on bike aggregators. Amid Rapido’s stalled operations in Maharashtra, the apex court sent the firm back…
Fintech funding jumps 144% to $637 million in January led by large rounds in PhonePe, KreditBee
Funding in India’s fintech start-ups increased by 144 per cent to $637 million in January, compared to $261 million in December 2022, led largely by two $100 million+ rounds in…
Adani Group still eligible for JPMorgan’s influential bond indexes, says lender
Adani Group companies are still eligible for inclusion in JPMorgan’s influential bond indexes, it said in a note. The note comes after Credit Suisse, Citigroup and Standard Chartered stated over…
Boeing to slash about 2,000 white-collar jobs in finance and HR
Boeing Co expects to slash about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs, the planemaker confirmed to Seattle Times newspaper…
BT Budget Roundtable: ‘Regulators are doing their job,’ says FM Sitharaman on Adani-Hindenburg row
Finance Minister Nirmala Sitharaman on Monday weighed on the Adani-Hindenburg row and said “regulators are doing their job”. Speaking at the BT Budget Roundtable 2023 in New Delhi, she said, “Regulators…