Corporate

Mumbai, 29th April 2021: The Board of L&T Finance Holdings (LTFH), a leading Non-Banking Financial Company (NBFC-CIC), today announced the financial results for the fourth quarter and financial year ended 31st March 2021. LTFH being a CIC, carries out its businesses through its wholly owned subsidiaries. LTFH is a market leader (ranked No. 1) in Farm Equipment Finance and Renewable Finance and is ranked...

Jindal Steel and Power Ltd (JSPL) on Tuesday said it will sell its entire 96.42 per cent stake in Jindal Power Ltd (JPL), a material subsidiary of the company, to Worldone Private Ltd for Rs 3,015 crore. JSPL, in a release, said it has accepted a binding offer from Worldone to sell its stake in Jindal Power. "The equity value...

Share price of IT major Wipro hit Rs 486.70 on BSE today, taking the company's total market capitalisation to Rs 2.65 lakh crore. On the way, the company surpassed HCL Technologies in terms of market capitalisation to become the third most-valued Indian IT firm. The company has regained this spot after a gap of 18 months. Earlier on October 22,...

AARTECH (Aartech Solonics Limited) announced today that it has bagged a prestigious supply order of an undisclosed amount from the Indian Army for supply of its state-of-the-art KranKing® Ultracapacitor based Systems for ‘A’ Vehicles.KranKing® Ultracapacitor based Systems for ‘A’ Vehicles are extremely effective in the starting operations of Tanks / ICVs (type ‘A’ as well as type ‘B’ Vehicles),...

New Delhi, April 23: 335bazaar, a new model of Indian commerce that combines online and offline shopping experience for a billion Indians, has received seed funding from Village Global, the venture fund backed by some of the world’s most successful entrepreneurs, including Bill Gates, Mark Zuckerberg, Jeff Bezos and Reid Hoffman. The business has two main pillars: 335bazaar experience centres...

Coffee drinkers, pet owners and home bakers helped to drive the biggest rise in quarterly sales at Nestle for 10 years, as the world's biggest food group outshone Danone and set a high bar for Unilever. The Swiss group has weathered the COVID-19 pandemic well so far, as consumers have bought more packaged foods and tried to brighten up...

Zomato has undertaken a corporate revamp to convert itself into a public limited company from a private company. The name of the firm has been changed to Zomato Limited from Zomato Private Limited, the regulatory filings showed. The company passed a special resolution earlier this month, amending its MOA (Memorandum of Association) and renaming itself as Zomato Limited from April 09,...

Cupertino giant Apple on Thursday, April 15, announced a first-of-its-kind carbon removal initiative called 'Restore Fund'. Under this new initiative investments will be made in forestry projects to remove carbon from the atmosphere. The new initiative is part of Apple's broader goal of becoming carbon neutral across its entire value chain by 2030. Launched with Conservation International and Goldman Sachs,...

Flipkart will acquire embattled travel and booking platform Cleartrip, one of the oldest Indian players in the segment. This will be the latest addition to the list of acquisitions by the Walmart-owned Indian e-commerce major in various sectors. The deal is likely to be a mix of cash and equity and will see Cleartrip valued at $40 million, The Economic...

Amazon India has said it will bear the COVID-19 vaccination cost of over 10 lakh of its employees, associates, sellers, and others in its partner network system. The e-commerce giant will also cover its delivery service partner associates, comprising Amazon Flex drivers, 'I Have Space' store partners, trucking partners, and their eligible dependents. The benefit will also be extended to all...