It’s enhanced stake now stands at 44.16%. Key points to note – The stake has been bought from PAG – world’s largest Asia focused investment groups. PAG still continues to hold the majority at 55.84%. Edelweiss has paid Rs 230 crore for this stake purchase. This is at the same valuation when PAG had picked … Read more
ICICI Bank has scrapped the bell curve assessment for employees which rewards individual outperformers, as part of a human resource (HR) policy overhaul. This means employee targets based on individual performances have been done away with for the first time in its history. Salary hikes and bonuses will now be linked directly to the bank’s … Read more
Ninjacart, a business-to-business marketplace for agricultural produce, said on Monday it has raised $145 million (Rs1,095 crore) in a fresh round of funding from existing investor Walmart Inc. and its Indian e-commerce arm Flipkart. Ninjacart will utilize this capital for technology upgradation and better infrastructure to organize, empower and enhance the lives of agri-value chain … Read more
Gati is targeting to become a Rs 3,000 crore revenue company in the next three years – it’s Chief Executive Officer Pirojshaw Sarkari has said. Key points to note – Company reported revenues of Rs 1,488 crore during trailing twelve months ended September 30, 2021. The target therefore implies doubling of this number in 3 … Read more
The Company has updated on the following – JV with FRIWO Group to expand component offerings to the electric vehicles Technology Licence Agreement with Dhama Innovations for Temperature Controlled Automotive Seats (TCAS) Expansion of alloy capacities both for 4 wheelers and 2 wheelers All the above expansions definitely seem to be in the emerging areas … Read more