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Corporate

Corporate

 HDFC Bank now eyes a bigger and larger role within the banking sector and the economy as a whole with the ongoing merger with its housing finance entity.

What makes HDFC Bank and HDFC merger a win-win bet? CFO S Vaidyanathan explains

Dec 04, 2022

Housing is going to be one of the key drivers of the Indian economy over the next decade and home loans are going to be a key factor in this story, says HDFC Bank CFO Srinivasan Vaidyanathan

Apart from layoffs, the SoftBank-backed hospitality chain also plans to hire 250 fresh members.

IPO-bound Oyo to sack 600 employees as part of restructuring

Dec 03, 2022

Ritesh Agarwal, Founder and Group CEO of OYO, said, “We will be doing all that we can to ensure that most of the people we are having to let go, are gainfully employed. Every member of the OYO team and I myself will proactively endorse the strength of each of these employees."

Adani Group is now placing its bets in green hydrogen to replace traditional fuel sources.

These five new Adani Group companies will hit the IPO market in the near future

Dec 03, 2022

These businesses operate in the areas of green hydrogen ecosystem, airports, roads & highways, data centre, and defence & aerospace. The strategy is to nurture new businesses until they are self-sustaining, and ripe for unlocking value in public markets.

Google CEO Sundar Pichai with Taranjit Singh Sandhu, the Ambassador of India to the United States in San Francisco. (Photo: Twitter/@SandhuTaranjitS)

'India is a part of me,' says Google CEO Sundar Pichai on receiving Padma Bhushan

Dec 03, 2022

Pichai in his note also praised PM Narendra Modi’s “Digital India vision", and said Digital India has certainly been an accelerator for the progress. He added that he is proud that Google continues to invest in India, partnering with governments, businesses, and communities.

NPCI, in November 2022, had proposed a 30% volume cap for third-party app providers in a bid to avoid concentration risk

Relief for PhonePe, Google Pay as NPCI extends UPI volume cap deadline to Dec 31, 2024

Dec 02, 2022

NPCI, in November 2022, had proposed a 30% volume cap for TPAPs in a bid to avoid concentration risk. At present, there is no volume cap

Blackstone’s $69-bn real estate fund hits redemption limit as investors look to exit  (Photo: Reuters)

Blackstone’s $69-bn real estate fund hits redemption limit as investors look to exit

Dec 02, 2022

Blackstone has reported a 9.3% year-to-date return for its REIT, net of fees, a contrast to the publicly traded Dow Jones U.S. Select REIT Total Return Index 22.19% decline over the same period.

Amara Raja plans a gigafactory in Telangana

Amara Raja to invest Rs 9,500 crore in Telangana, to set up lithium-ion battery gigafactory

Dec 02, 2022

The industrial and automotive battery major, Amara Raja, said that the Telangana facility will be a state-of-the-art research and manufacturing facility.

TCS has delayed onboarding of thousands of freshers by up to eight months

'Had an offer from Amazon, but chose TCS': Tata Consultancy Services delays onboarding

Dec 02, 2022

India's largest IT services company, TCS, has delayed onboarding of freshers up to eight months. Business Today previously reported that companies including Infosys, Wipro, Tech Mahindra, Capgemini, Accenture, Mphasis, Mindtree, Deloitte, and HCL Tech have been delaying the onboarding of freshers.

The India arm of Fidelity National Information Services' also has offices in Bengaluru and Gurugram

400 fired and counting: FIS' India arm conducts mass layoffs in Pune

Dec 01, 2022

More employees would be terminated in the near future, people aware of the matter told Business Today

SoftBank invested around $199 million in the insurance aggregator and sold shares worth $250 million in its IPO last year, the report said. (Photo: Reuters)

SoftBank to sell 5% stake in PB Fintech via block deal on Friday: Report

Dec 01, 2022

The base price for the block deal has been set at Rs Rs 440 per share, which is 5-6% discount to CMP at Rs 461.55, says the report

Adar Poonawalla and Byju Raveendran's companies are the top-most unlisted companies in Burgundy Hurun list

Serum Institute, BYJU’S, Swiggy, OYO among the top unlisted companies: Burgundy Hurun list

Dec 01, 2022

With a valuation of Rs 2.19 lakh crore, Adar Poonawala-helmed Pune-based Serum Institute of India tops the Burgundy Private Hurun India 500 Top 10 list of unlisted companies. 

Reliance Industries' value stood at Rs 17.3 lakh crore, and is almost Rs 5 lakh crore, or 47 per cent, more valuable than the second-ranked Tata Consultancy Services

Mukesh Ambani-led Reliance Industries tops Hurun’s list of most valuable companies in India

Dec 01, 2022

2022 Burgundy Private Hurun India 500: The Hurun’s list of most valuable companies, which was released on Thursday, stated that Tata Consultancy Services (TCS) and HDFC Bank are in the second and third spots. Infosys and ICICI Bank are next in line.

CIEL said its revenue grew 80 per cent year-on-year during April-September 2022 to Rs 382 crore and that its plans to make two more acquisitions soon. 

IPO-headed CIEL HR picks up majority stake in HR tech firm

Dec 01, 2022

Firm also launches a campus tech platform and an updated version of mobile-based recruitment platform as the workforce and job market have changed after the pandemic.

Online marketplace funding to grow slower, valuations may rationalise in near term, reveals recent report

Online marketplace funding to grow slower, valuations may rationalise in near term, reveals recent report

Dec 01, 2022

As per a report from Bain and Company and Accel, annual marketplace investments decreased to $4.5 billion in the first 10 months of 2021 compared to $14 billion in the same period last year.

Sanjeev Bikhchandani

What Sanjeev Bikhchandani said about the 'bound to polarise' epilogue from Ashneer Grover's 'Doglapan'

Nov 30, 2022

The founder of InfoEdge said that if founders encash some value early through a secondary share sale, then their hunger to succeed would be sated and they would not try 'hard enough' to maximise value for everyone

The Roys have exited RRPR, but are still a part of Adani-controlled NDTV

The Roys have exited RRPR, but are still a part of Adani-controlled NDTV

Nov 30, 2022

Prannoy Roy and his wife Radhika Roy continue to be a significant part of NDTV through their direct holding of 32.3 per cent in the media major

Indian agrifood start-ups raise $4.6 bn in FY22; overtakes China in H1 2022

Indian agrifood start-ups raise $4.6 bn in FY22; overtakes China in H1 2022

Nov 30, 2022

It marks a 119 per cent growth in VC investments into the sector, from $2.1 billion in the previous year.

Flash, a start-up founded by Flipkart's ex-Senior Vice President, Ranjith Boyanapalli, has raised a seed round of $5.8 million

Binny Bansal, Kunal Shah, others back former Flipkart exec’s e-commerce start-up

Nov 30, 2022

Flash founder Ranjith Boyanapalli worked at Flipkart for eight years prior to launching his start-up in April 2022. The new offering is targeted at India’s 25 million ‘power shoppers’ online.

Swiggy shuts cloud kitchen brand The Bowl Company in Delhi-NCR after pilot run

Swiggy shuts cloud kitchen brand The Bowl Company in Delhi-NCR after pilot run

Nov 30, 2022

The company further said it will continue to invest and grow the brand in cities like Bangalore, Chennai, and Hyderabad.

RRPR, which has been acquired by the Adani Group, held 29.18% stake in the news channel

NDTV takeover: Adani announces the entire board of directors of RRPR

Nov 30, 2022

Prannoy Roy and his wife Radhika Roy, however, still hold a 32.26% stake in NDTV as promoters and have not resigned from the board of the news channel

By 2025, Microsoft aims to help train and certify 10 million people with skills for in demand jobs

Microsoft and LinkedIn’s skills for jobs program to help 10 million people learn digital skills

Nov 30, 2022

By 2025, Microsoft aims to help train and certify 10 million people with skills for in demand jobs