New Delhi, Jan 20 (PTI) Amazon has written to the independent directors of Future Retail Ltd (FRL) saying any sale of small format stores by the company without the consent of the US e-commerce giant would be in violation of injunctions, and reiterated its willingness to assist the cash-strapped retailer in addressing financial concerns. In [...]
New Delhi, Jan 20 (PTI) On-demand home services provider Urban Company on Thursday said its partners' net earnings grew 11 per cent in the December quarter compared to the preceding three-month period, with partners earning an average of Rs 297 per hour net of commissions and fees. In its UC Earnings Index for the third [...]
New Delhi, Jan 20 (PTI) Kotak Mahindra Bank (KMB) on Thursday signed a Memorandum of Understanding (MoU) with GIFT SEZ Limited (GIFT SEZ) for boosting financial services ecosystem at International Financial Services Centre (IFSC) at Gandhinagar. This will enable both to work together towards greater enhancement of the financial services ecosystem in GIFT IFSC for [...]
New Delhi, Jan 20 (PTI) Aditya Birla Sun Life AMC Limited on Thursday said it has received approval from IFSCA to carry out portfolio management services through a branch office in International Financial Services Centre (IFSC). The company's move to set up new unit at the Gujarat International Finance Tec-City (GIFT City) is a strategic [...]
New Delhi, Jan 20 (PTI) Retail chain Shoppers Stop Ltd on Thursday reported a consolidated net profit of Rs 77.32 crore for the third quarter ended December 2021. The company had posted a net loss of Rs 25.11 crore in the October-December quarter a year ago, said Shoppers Stop in a regulatory filing. [...]
Mumbai, Jan 20 (PTI) Domestic rating agency Icra Ratings Thursday revised the asset under management (AUM) growth outlook of retail non-banking financial companies (NBFCs) to 5-7 per cent for the fiscal 2022 from an earlier expectation of 8-10 per cent. In the first half of FY2022, retail NBFCs grew by less than one per cent. [...]
New Delhi/Davos, Jan 20 (PTI) With his country holding the G20 presidency this year, Indonesian President Joko Widodo on Thursday said the world needs more resilient health infrastructure to face future threats and the block of 20 leading economies has an important role to play in the development of resources to meet this goal. In [...]
Mumbai, Jan 20 (PTI) The domestic auto components industry is expected to see a revenue growth of 15-17 per cent this fiscal and 10-12 per cent in the next financial year on the back of recovery in automobile sales after having remained subdued in the last couple of years, according to a report. Brickwork Ratings [...]
New Delhi, Jan 20 (PTI) Broadband technology firm Sterlite Technologies Ltd (STL) on Thursday said it has secured an ex-parte ad-interim injunction from the Delhi High Court against domestic telecom gear maker HFCL for selling and making a type of optical fibre cable on which the company claims to have a patent. However, Himachal Futuristic [...]
New Delhi, Jan 20 (PTI) Biophore India Pharmaceuticals on Thursday said it has received licences from Medicines Patent Pool (MPP) on behalf of originator company MSD to manufacture and market molnupiravir for treatment of COVID-19 and will launch in India next week priced at Rs 1,500 for a pack of 40 capsules. The licences are [...]
