Sector: All Sectors
Dmart CEO Ignatius Noronha becomes billionaire
Ignatius Navil Noronha, the chief executive officer of Avenue Supermarts Ltd, which runs DMart retail stores, has seen his wealth surge to more than a billion dollars as the shares of the retail firm jumped an astonishing 113% this year. The stock hit a fresh record high of ₹5,899 on BSE and gained as much … Read more
Finance Ministry to seek Cabinet nod for setting up company to monetise land assets of CPSEs
A special purpose vehicle (SPV) in the form of a company would be set up to hold these assets which would be monetised to fetch value to the exchequer The Finance Ministry will soon move the Cabinet to seek approval for setting up a company for transfer and subsequent monetisation of land and non-core assets … Read more
Apple supplier Foxconn may launch first electric vehicle on Oct 18
Apple supplier and the world’s biggest contract electronics manufacturer Foxconn, the world’s largest contract electronics producer is reportedly planning to unveil its first electric vehicle ‘FOXTRON’ in a few days’ time – precisely on October 18. According to couple of teasers released by Original Device Manufacturer (ODM), the front view of the new car has … Read more
Microsoft to shut down LinkedIn in China
LinkedIn is the only major U.S.-owned social network operating in China. Microsoft is pulling the plug on LinkedIn in China nearly seven years after its launch and will replace it with a stripped-down version of the platform that would focus only on jobs. LinkedIn is the only major U.S.-owned social network operating in the country, … Read more
Pine Labs enters online payments with three products under one platform
Pine Labs, a leading merchant commerce platform, launched Plural on Thursday, marking its entry into the online payments space. Backed by years of strong technological capabilities, the company said it now aims to reinvent the space through a suite of online payment products focused on speed, security, and user experience. The firm said Plural is … Read more
Hero MotoCorp partners Gilera Motors for Argentina market
Gilera Motors will be the exclusive distributor for sale and service of Hero motorcycles and scooters in the country. Gilera will also make new investments to drive the business growth. Key points to note – Founded in 1953, Gilera is one of the oldest motorcycle manufacturers in Latin America. Gilera Argentina with more than 200 … Read more
Shriram City Union Finance infuses additional 300 crore into housing subsidiary earlier than expected
Counting this, Shriram City Union Finance (SCUF) so far in FY 2022 has infused a total of Rs 500 crore and since launch Rs 1,088 crore equity into Shriram Housing Finance (SHF). Key points to note – SCUF now holds 85.02% stake of SHF. Equity infusion is to fund growth. In June 2021 conference call, … Read more