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Latest Articles in Companies Markets
BYJU’s Is About To Close $250 Mn Funding Round At Lower Valuation
BYJU’s appears to be unable to meet its March 2023 deadline for achieving group-level profitability, as envisioned in its earnings in October last year and its quarterly results for the current fiscal year are once again delayed
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Shriram Life Plans To Double Its Rural Presence By 2025 Through Digital Campaign
By 2025, the company hopes to be completely paperless, to reduce the time it takes to onboard new clients to four minutes and to settle claims in six hours
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L&T Inks Agreement With McPhy Of France For Electrolyser Technology
Under the agreement, McPhy will give L&T an exclusive license to its pressurised alkaline electrolyser technology for the manufacture of electrolysers, including future product upgrades, as part of this collaboration
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Tata Group Plans To Invest $2 Bn In Its Super-app Tata Neu
Tata Neu enables users to purchase groceries and electronics, as well as book airline tickets and restaurants from Tata brands and it also includes a membership service and financial goods like bill payments, loans and insurance
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Realme To Hire New India Head From China, Current CEO Madhav Sheth May Resign
According to sources, realme plans to make the India statement as soon as possible, as the domestic smartphone market is in flux
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Vedanta Denies Any Sale Talks, Calls Them 'Untrue', 'Baseless'
The statement by the company comes after there were news reports about company’s Anil Agarwal contemplating a stake sale in the company
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Infosys Appoints D Sundaram As Its Lead Independent Director After Kiran Mazumdar Retires
Kiran Mazumdar-Shaw resigned on 22 March 2023, at the end of her tenure and D Sundaram took over as an independent director on 23 March 2023
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Bright Outdoor Media’s Public Issue Of Rs 55.48 Cr Receives Overwhelming Response
The retail category saw 1.15 times subscription for the public issue while the NII category received bids for 1.39 times the quote
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Metro Brands To Demerge FILA Business As Wholly-Owned Subsidiary
The Demerger of Wholly-Owned Subsidiary FILA by Metro Brands to Impact its Footwear and Apparel Business in South Asia
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NSE To Discontinue ‘Do Not Exercise’ Facility from 29 March
After the option is discontinued, the brokers won’t be able to exercise options contracts on behalf of clients
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Accenture To Cut Jobs And Lower Revenue Forecast Amid Global Economic Downturn In IT Services
The majority of job cuts will be in non-billable corporate functions, and the company's anticipated annual revenue growth has been revised downwards
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Bisleri Deal Dissolves, Tata To Expand Its Own Brands
The development came following the company’s failed attempt to acquire the bottled water brand Bisleri
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NSE, BSE To Put Adani Power Under Short-Term ASM Again
The two exchanges said that Adani Power has satisfied the criteria for inclusion under short-term ASM
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Dadachanji-led Investor Group Buys 15.6 Mn Units Of Shrem InvIT Worth Rs 177 Cr
This is Dadachanji’s third investment in Shrem InvIT, wherein he bought 9 million units at Rs 114 per unit with a total investment of Rs 102 crore
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Kiran Mazumdar-Shaw To Retire From Infosys Board; D. Sundaram Appointed Lead Independent Director
The Board has appointed D. Sundaram as the Lead Independent Director of Company, effective March 23, 2023 based on the recommendation of Nomination and Remuneration Committee
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