Amazon Partners with India Post to Adopt Digital Assistant for MSME Exporters
Amazon on Thursday said it has signed an agreement with India Post to simplify cross-border logistics for MSME exporters. Minister of State for Science and Technology Jitendra Singh unveiled a postal stamp to commemorate a decade of partnership between India Post and Amazon at the e-commerce company's Sambhav Summit 2023. At Amazon’s E-commerce SMBHAV Summit [...]
CSB Bank Ltd. and Ashok Leyland collaborate for vehicle financing
On Thursday, Ashok Leyland, a manufacturer of commercial vehicles, announced a partnership with CSB Bank Ltd to provide vehicle financing solutions to its clients. A Memorandum of Understanding between the two businesses will allow them to work together to provide consumers of the automaker with specialized financial solutions, Ashok Leyland said in a statement. "The [...]
On Day 1 of the offering, Rishabh Instruments IPO subscribed 73%
On the first day of subscriptions on Wednesday, 73% of the shares of Rishabh Instruments' Initial Public Offering (IPO), a provider of worldwide energy efficiency solutions, were subscribed The IPO received bids for 56,75,008 shares against 77,90,202 shares on offer, as per the NSE data. The category for Non-Institutional Investors (NIIs) was subscribed 1.24 times, [...]
PhonePe anticipates operating profitability by 2025: CEO Sameer Nigam
The most valued fintech business in India, operating profit is anticipated by 2025, a top official of the company said on Wednesday. PhonePe founder and CEO Sameer Nigam told PTI that the company's payment, advertising, banking and insurance businesses will reach breakeven by the time the company becomes operationally profitable at the group level. While [...]
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Growing potential and delivering innovation; How PubMatic’s Pune based engineering team is driving global success
A Q&A with PubMatic’s Co-founder and President, Engineering at PubMatic – Mr. Mukul Kumar Who is PubMatic? PubMatic is a leading global advertising technology business. PubMatic’s mission is to fuel the endless potential of internet content creators. We do this by helping publishers to monetise their websites and apps via digital advertising. Sounds interesting, tell [...]
Bullish about India market opportunity, biz prospects from 5G deployments: STL MD
New Delhi, Nov 28 (PTI) Digital networks integrator Sterlite Technologies (STL) is bullish about the India market opportunity, including business prospects arising from upcoming 5G deployments, Ankit Agarwal, who recently took over as managing director of the company, said. Agarwal - who transitioned into the role of managing director last month amid top-level leadership changes [...]
Kamdhenu to list paints biz post demerger: CMD Satish Agarwal
New Delhi, Nov 28 (PTI) Buildings material maker Kamdhenu Group plans to list its paints entity on bourses following the completion of the demerger process, its Chairman and Managing Director (CMD) Satish Kumar Agarwal said. Kamdhenu is in the process of separating its steel and paints business with an aim to increase its reach and [...]
McDowell’s shareholders reject appointment of 3 directors
New Delhi, Nov 27 (PTI) Shareholders of McDowell Holdings have rejected the proposals to appoint two independent directors and a non-executive director for the company. Resolution for appointment of Sarvamangala Hadapada and Theerthesh B S as independent directors for a period of two years effective from October 22, 2020 and November 13, 2020, respectively could [...]
Vedantu announces buyback of ESOPs worth USD 3 million
New Delhi, Nov 26 (PTI) Online learning platform Vedantu on Friday announced an Employee Stock Ownership Plan (ESOP) liquidity programme worth USD 3 million (about Rs 22.4 crore). Under this programme, the top leadership and eligible active employees who have completed the vesting period will be able to liquidate their vested ESOP shares, according to [...]
Sebi asks RTAs, merchant bankers to disclose investor charter, complaint data on websites
New Delhi, Nov 26 (PTI) Markets regulator Sebi on Friday directed registrar and share transfer agents (RTAs) and merchant bankers to disclose investor charter as well as data pertaining to complaints they received on their websites. The regulator has listed various categories for which investor charter needs to be disclosed by merchant bankers. The [...]
Texmaco Rail & Engineering rights issue oversubscribed 1.35 times
Kolkata, Nov 26 (PTI) Texmaco Rail and Engineering Ltd has said its rights issue for an amount of up to Rs 164.51 crore was oversubscribed by about 1.35 times.The Kolkata-headquartered company, in an exchange filing, said the rights issue closed for subscription at 5 pm on Thursday.In October, Texmaco Rail and Engineering had said its [...]
IEX shareholders approve the issue of bonus shares and increase in authorised share capital
The Indian Energy Exchange or IEX shareholders approve the issue of bonus shares and an increase in authorised share capital. In a regulatory filing, the company said the shareholders have approved the resolutions as contained in the notice by the requisite majority on November 25, 2021, through the remote e-voting postal ballot process as set [...]
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1. What are Corporate Actions?
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