New Delhi, Apr 21 (PTI) Listed entities of the Future group firm, including flagship Future Retail, have completed meetings of their respective shareholders and creditors to consider and approve the Rs 24,713 crore deal to sell their assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd despite objections from Amazon. The entities include Future Retail, [...]
New Delhi, Apr 21 (PTI) Paytm owner One97 Communications on Thursday posted a shareholding update which showed that retail shareholders have more than doubled their stake in the company. Canada Pension Plan Investment Board (CPPIB) has also increased its stake in Paytm from 1.57 to 1.71 per cent in the quarter ended March 2022, according [...]
New Delhi, Apr 21 (PTI) Bharti group-backed Oneweb has received a licence from the government to provide satellite services in the country, an official source said on Thursday. UK-based Oneweb has plans to provide connectivity in the country through OneWeb satellite from mid-2022. "The Department of Telecom has issued Global Mobile Personal Communication by Satellite [...]
IT services company HCL Technologies on Thursday reported over a three-fold jump in its consolidated net profit for the fourth quarter ended March 2022 at Rs 3,593 crore as it struck an optimistic note about the "buoyant" market environment and "strong momentum across verticals and service lines" to guide for 12-14 per cent revenue growth [...]
Mumbai, Apr 21 (PTI) Business process management company WNS on Thursday reported a 29 per cent jump in its March quarter net profit at USD 38.9 million. The New York Stock Exchange-listed firm, which has its corporate office in suburban Vikhroli, had reported a post-tax profit of USD 27.5 million in the year-ago period. For [...]
Kolkata, Apr 21 (PTI) The West Bengal government on Thursday announced setting up of sectoral committees to forge synergies between the authorities and industries in which business doyens will function as co-chairmen.Amit Mitra, the principal chief advisor to Chief Minister Mamata Banerjee, said the committee for agriculture and allied products will be co-chaired by ITC [...]
New Delhi, Apr 21 (PTI) Switch Mobility on Thursday said it plans to invest 300 million pounds (over Rs 2,980 crore) across the UK and India to develop its range of electric buses and light commercial vehicles. The company expects to create over 4,000 skilled jobs in the UK and India as part of the [...]
Mumbai, Apr 21 (PTI) The tourism industry is recovering and there is a sense of optimism in the sector, founder and CEO of OYO Rooms Ritesh Agarwal said on Thursday. "India had over a billion domestic visits right before the pandemic, and increasing as we speak, and... I hope that we will get back there [...]
Mumbai, Apr 21 (PTI) The Indian cruise market has the potential to grow by 10-times over the next decade, driven by rising demand and disposable incomes, Union Minister Sarbananda Sonowal said on Thursday. He also said the iconic sea-cruise terminal coming up at BPX Indira Dock Mumbai International Cruise Terminal is expected to be commissioned [...]
Mumbai, Apr 21 (PTI) Amid concerns over minorities being targeted in India, former Reserve Bank governor Raghuram Rajan on Thursday cautioned that an 'anti-minority' image for the country can lead to loss of market for Indian products and may also result in foreign governments perceiving the nation as an unreliable partner. India enters the perception [...]
