The country's largest insurer LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on the NSE. On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. LIC had fixed the issue price of its [...]
The Indian wearables market grew 20.1 per cent year-on-year to 13.9 million units in January-March 2022, according to data released by International Data Corporation on Monday. International Data Corporation (IDC) said the growth can be attributed to new launches, discounts across channels, and aggressive marketing by brands. Watches shipment jumped 173 per cent year-on-year to [...]
NBFC firm Aditya Birla Capital Ltd (ABCL) on Monday said Ajay Srinivasan has decided to step down as MD and CEO of the company and his departure has nothing to do with an investigation into alleged irregularities and corruption. According to reports, serious allegations of corruption and mismanagement have been levelled by a whistleblower against [...]
Adventum Student Living (ASL) on Monday said it has raised USD 5 million (over Rs 38 crore) from investors. ASL is an integrated destination for students pursuing overseas higher education. Within two years of its inception, ASL has introduced and unified three brands - UniAcco, UniCreds, and UniScholarz - that offer a one-stop solution for [...]
GlaxoSmithKline Pharmaceuticals on Monday reported a Rs 55 crore consolidated net loss from continuing operations for the fourth quarter. The drug firm had reported a net profit of Rs 4 crore for the January-March quarter of the 2020-21 fiscal. Revenue from operations rose to Rs 810 crore for the fourth quarter compared to Rs 744 [...]
State-owned Canara Bank is expecting an 8-10 per cent growth in advances as well as a healthy double-digit rise in corporate loan portfolio in the current financial year, its Managing Director and CEO L V Prabhakar said on Monday. In the fiscal ended on March 31, 2022, the lender's gross advances grew by 9.77 per [...]
Gulf-based carrier Oman Air has partnered with IBS Software to fully digitalise its staff travel programme and simplify processes to make it easier for them to manage their personal and corporate travel. A provider of SaaS (software-as-a-service) solutions to aviation, tourism and hospitality sectors, global PE Fund-backed IBS Software caters to a host of clients [...]
DTH players have approached the government to waive the 8 per cent licence fee imposed on them in line with a similar proposal for broadband services so that they remain competitive in the market, industry body DTH Association has said. The DTH body approached the Information and Broadcasting Ministry following a proposal under the consideration [...]
Telecom operator Vodafone Idea on Monday said it has boosted the 4G experience of its customers in the national capital region, with multiple network initiatives that spurred better indoor coverage and faster speeds. The company has, till now, deployed the highly efficient 900MHz spectrum as well as 1800 MHz band on about 8,400 sites in [...]
Eyewear house Neso Brands on Monday said it has raised more than USD 100 million (around Rs 775 crore) in seed fund from several investors, including KKR, Softbank, Alpha Wave Global and Temasek. A subsidiary of Softbank-backed eyewear company Lenskart, Neso Brands will partner and invest in consumer eyewear brands around the world and grow [...]
