On-demand Food and grocery delivery unicorn Swiggy has taken a significant step towards corporate governance by appointing three independent directors to its board. Mallika Srinivasan, Padma Shri awardee and Chairman…
Category: Companies
Tata Steel Q3 results: Firms posts net loss of Rs 2,502 cr
Tata Steel on Monday reported net loss of Rs 2,502 crore for the quarter ended December 31, 2022 as against net profit of Rs 9,598 crore in the year-ago period. …
Adani row: UP discom scraps Adani Group’s smart meters bid worth Rs 5,400 cr
Madhyanchal Vidyut Vitran Nigam (MVVNL), Uttar Pradesh’s power utility, has cancelled its order to Adani Group to supply smart meters to the electricity distribution company (DISCOM). Under the bid, worth…
Vedanta appoints David Reed as CEO of semiconductor business
Amidst rumours about Vedanta Foxconn’s joint venture struggling to partner for a production-grade technology license, Vedanta has now appointed David Reed as the Chief Executive Officer of its semiconductor business.…
Adani Transmission Q3 results: Net profit rises 73% to Rs 478 cr
Adani Transmission on Monday reported 73% jump in consolidated net profit at Rs 478 crore for the quarter ending December 31, 2022 as against Rs 267 crore in the year-ago…
‘Not a squeak from regulators’: Congress’ Supriya Shrinate tears into ongoing Adani vs Hindenburg row
Congress National Spokesperson Supriya Shrinate said that there hasn’t been a squeak from the Indian regulators on the ongoing Adani Group vs Hindenburg Research row that has led to a…
Decoding Paytm’s profitable quarter: 3 things that took the fintech to EBITDA profitability
Fintech major Paytm hit EBITDA level profitability (before ESOP costs) of Rs 31 crore in the December quarter —three quarters ahead of its guidance. EBITDA before ESOPs is a new-age…
Adani Enterprises faces risk of Rs 11,574 crore unsecured loan recall by banks
Adani Enterprises and its subsidiary companies have taken out unsecured loans totalling Rs 11,574 crore, which are now at the risk of being recalled by banks and financial institutions. Though…
Standard Chartered stops accepting Adani dollar bonds after Citigroup, Credit Suisse
British lender Standard Chartered has stopped accepting Adani Group bonds as collateral on margin loans. This comes after similar measures were announced by Citigroup and Credit Suisse, both of which…
Adani Group plans to trim its capital spending plans: Report
India’s Adani Group plans to trim its capital spending plans, newspaper Mint reported on Monday citing people close to the development, days after the conglomerate’s flagship firm called off a…