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Articles for Companies & Markets

Indian Oil Withdraws Rs 22,000 Cr Rights Issue Amid Govt’s Non-participation

Withdrawal follows the Union Budget's lack of capital support for Oil marketing companies, raising concerns over potential price cuts and profitability

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Sebi Objects To Use IPO For Promoter Loan Repayments

Market regulator's stance delays several IPOs, demanding alternative financing routes

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BharatPe Settles Dispute With Ashneer Grover, Drops Legal Action

Both parties decide to not pursue the case-filled and Ashneer will no longer be associated with the company

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NSE, BSE Revise Transaction Charges Effective From 1 Oct

These revisions aim to standardise fees across exchanges, ensuring consistency and transparency for market participants

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Zomato Co-Founder Akriti Chopra Resigns As Chief People Officer After 13 Years

Chopra’s departure marks the end of a significant chapter for Zomato, where she was instrumental in shaping the company's early years and growth trajectory

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Loco Sells Majority Stake To UAE’s Redwood For $65 Mn

The acquisition aims to accelerate Loco's expansion into overseas markets while also providing an exit strategy for the startup's existing investors

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PM Modi Meets Leadership Team Of Tata Sons, PSMC; Discusses Semiconductor Manufacturing Projects

The discussion focused on updates regarding semiconductor manufacturing projects in India

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Swiggy Eyes Blockbuster IPO Amid Booming Indian Market

Swiggy, backed by the Japanese conglomerate SoftBank, intends to raise a whopping Rs 3,750 crore ($448.56 million) by issuing fresh shares. Additionally, existing shareholders such as Prosus, Accel India, and Tencent Europe are also expected to sell portions of their existing stakes.

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