by PTI News | Apr 4, 2022 | 9:27 pm | Corporate Action, News
New Delhi, Apr 4 (PTI) IT company Mobilloite has opened a new office in Pune with an initial capacity of 120 employees, the company said on Monday.Mobilloite employs 500 staff in India."There will be 120 personnel in their Pune office, which we recently opened. The opening of a new office is a market growth activity. [...]
by PTI News | Apr 4, 2022 | 9:24 pm | Corporate Action, News
New Delhi, Apr 4 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Monday said two independent directors -- Anand Chndrasekaran and Malini Chopra -- have resigned from the board of the company. Both of them cited an increase of workload as among the reasons for their resignations, which is effective from Monday, the firm said in [...]
by PTI News | Apr 4, 2022 | 9:22 pm | News
New Delhi, Apr 4 (PTI) Cineline India Ltd, part of Kanakia Group, on Monday announced its return to the film exhibition business with the launch of nine theatres across Maharashtra under the MovieMax brand. The company, which had been present in this business since 1997 under the brand name of Cinemax, recently re-branded itself as [...]
by PTI News | Apr 4, 2022 | 9:13 pm | Corporate Action, News
Mumbai, Apr 4 (PTI) IndiGo co-promoter Rakesh Gangwal on Monday signed a pact with IIT-Kanpur to jointly set up a school of Medical Sciences and Technology on the latter's campus. Gangwal, an alumnus of IIT-Kanpur, will also donate Rs 100 crore to establish the college. Besides, Gangwal will also be joining the Advisory Board of [...]
by PTI News | Apr 4, 2022 | 8:56 pm | Commodities, News
New Delhi, Apr 4 (PTI) The government on Monday said it has initiated an inspection drive to curb hoarding and black marketing of edible oils and oilseeds to arrest rising retail prices and boost their availability. The country, which is dependent on the imports of edible oil to meet over 60 per cent of its [...]
by PTI News | Apr 4, 2022 | 8:55 pm | News
Kolkata, Apr 4 (PTI) A new ride hailing app was launched in Kolkata on Monday which allows passengers and cab drivers to negotiate fare online before finalising the trip for city or outstation trips. inDriver, a California headquartered ride-hailing platform, on Monday announced the start of its services in the city with more than 4000 [...]
by PTI News | Apr 4, 2022 | 8:55 pm | Corporate Action, News
New Delhi, Apr 4 (PTI) The Supreme Court on Monday asked the Future Group and Amazon to jointly urge the Delhi High Court on April 5 to first hear the enforcement petitions of the US e-commerce major which also relate to the preservation of assets of Future Retail Limited (FRL). Amazon and Future Group are [...]
by PTI News | Apr 4, 2022 | 8:50 pm | News
New Delhi, Apr 4 (PTI) Kolkata-based IFB Agro Industries' board has approved a contribution of up to Rs 40 crore to political parties through subscription to electoral bonds during the current fiscal, according to a regulatory filing. This would be done in one or more tranches. "The Board of Directors in its meeting dated 31st [...]
by PTI News | Apr 4, 2022 | 8:43 pm | News
New Delhi, Apr 4 (PTI) Competition Commission of India (CCI) on Monday approved purchase of stake in Hero FinCorp Ltd by a Singapore-based company, which is an affiliate of Apollo Global Management. AHVF II Holdings Singapore II Pte. Ltd will buy certain compulsorily convertible preference shares of Hero FinCorp Ltd. In a release on Monday, [...]
by PTI News | Apr 4, 2022 | 8:41 pm | Economy, News
Mumbai, Apr 4 (PTI) India's most valuable lender HDFC Bank on Monday agreed to take over the country's largest mortgage lender in a USD 40 billion deal, creating a financial services titan in the largest transaction in the nation's corporate history. Once the deal is effective, HDFC Bank will be 100 per cent owned by [...]
