Corporate

Rossari Biotech Limited (Rossari, Company), a Speciality-Chemicals manufacturer providing intelligent and sustainable solutions for customers across industries, today announced that its Board of Directors has approved the acquisition of Unitop Chemicals Private Ltd (Unitop Chemicals, company). As per the agreement and subject to customary closing conditions, Rossari will be acquiring 100% of the equity capital of Unitop Chemicals. 65%...

To support its subscribers during the second wave of the COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance. The provision for special withdrawal to meet the financial need of members during the pandemic was introduced in March 2020, under Pradhan Mantri Garib Kalyan Yojana (PMGKY). An amendment to this effect was made by the...

An order passed on May 31 by Madhabi Puri Buch, whole time member of the Securities Exchange Board of India, barred two senior executives of Infosys - Pranshu Bhutra and Venkata Subramaniam from buying, selling or dealing in securities, either directly or indirectly until further orders. Both the executives held senior positions at the legal and accounting department respectively...

Greenply Industries Limited, India’s largest interior eco-friendly infrastructure company with over 30 years of experience in manufacturing a comprehensive range of plywood, block boards, decorative veneers, flush doors, and other allied products has recently divulged that it will invest around INR 75 crores to set up a plywood and allied products manufacturing unit through a wholly owned subsidiary in at...

Digital payments and financial services firm Paytm has been making headlines for its intended initial public offering (IPO), touted to be one of India's biggest, surpassing Coal India's IPO. The board of the company was scheduled to meet on Friday to deliberate on the Vijay Shekhar Sharma-helmed company's IPO plans. Latest developments suggest that the board has given its...

Alphabet Inc's Google is nearing a settlement of an antitrust investigation in France over allegations it abused its power in online advertising, and will likely pay a fine and institute operational changes, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The French Competition Authority has said that Google's tool to help websites and apps sell...

The year 2020 marked the beginning of Internet home businesses giving people an opportunity to be their own boss. Owing to the nationwide lockdown and unprecedented times, many Indians underwent job losses and salary cuts and have still not yet recovered from the complex market and volatile economy. During these times, the idea of internet entrepreneurs became a hero...

Vijay Shekhar Sharma led Paytm is eying India's largest initial public offering (IPO) to raise about Rs 21,800 crore as it plans to list on the country's bourses in November. Paytm's parent company One97 Communications Pvt Ltd is targeting a valuation of around  $25 billion from the IPO. Paytm's IPO launch could turn out to be one of the...

Amazon founder Jeff Bezos has picked a date to step down as CEO. Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said Wednesday that Amazon executive Andy Jassy will take over the CEO role on July 5. "We chose that date because it's sentimental for me," Bezos said during an Amazon shareholder meeting Wednesday. He...

Banking tech start-up Zeta bagged secured an investment of $250 million from SoftBank Vision Fund 2 in Series C of funding. The company is now valued at $1.45 billion, after one of the largest single investments in a banking tech start-up globally, the Bengaluru-based firm claimed. Sodexo, a Paris-based food services and facilities management company, participated as an additional minority...