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    CMD Sanjiv Puri said the demerged entity will have a 'royalty-like' arrangement for use of the other ITC brands and assets.
    Updated : Aug 11, 2023

    Hotel business demerger to sharpen capital allocation for ITC: CMD Sanjiv Puri at Annual General Meet

    Speaking at the 112th Annual General Meeting, ITC CMD Sanjiv Puri said the continued interest of ITC in the demerged entity will provide long-term stability and instill a sense of assurance among partners, investors and employees.

    Zerodha increases allocation to Rainmatter, says Nithin Kamath
    Updated : Aug 11, 2023

    ‘Ability to stay invested forever’: Zerodha allocates Rs 1,000 cr to Rainmatter to back startups

    Nithin Kamath said that they believe Zerodha grew as much as it did because they had the freedom to build what they thought was right without any pressure to grow quickly.

    Kannan will serve as an Independent Director on the board
    Updated : Aug 11, 2023

    Wipro appoints NS Kannan as independent director on the board

    Kannan will serve as an Independent Director on the board. He has over 30 years of experience in the financial services domain, including banking and insurance

    SAIL Q1 results: Net profit falls 81% to Rs 150 cr
    Updated : Aug 10, 2023

    SAIL Q1 results: Net profit falls 81% to Rs 150 cr

    Total expenses rose 5.6%, while revenue from operations barely rose at 1.4% to Rs 24,358 crore

    Tata-owned Air India unveils new logo, aircraft livery as part of revamp
    Updated : Aug 10, 2023

    Tata-owned Air India unveils new logo, aircraft livery as part of revamp

    Air India’s new logo symbol - ‘The Vista’ - is inspired by the peak of the gold window frame, signifying limitless possibilities, progressiveness, says the airline

    Hero MotoCorp Q1 results: Net profit rises 32% to Rs 825 cr
    Updated : Aug 10, 2023

    Hero MotoCorp Q1 results: Net profit rises 32% to Rs 825 cr

    Hero MotoCorp Q1 results: Revenue rises 4.5% to Rs 8,767 cr

    LIC Q1 results: Net profit surges fourteen-fold to Rs 9,544 cr
    Updated : Aug 10, 2023

    LIC Q1 results: Net profit surges fourteen-fold to Rs 9,544 cr

    LIC's solvency ratio improved marginally to 1.89 compared with 1.88 last year and its net premium income was mostly flat at Rs 98,363 crore

    TotalEnergies SE had put its investment in Adani New Industries Ltd (ANIL) on hold in February
    Updated : Aug 10, 2023

    Gautam Adani to go solo on hydrogen project as TotalEnergies SE might sit out: Report

    As per the June 2022 announcement, TotalEnergies had agreed to take 25 per cent equity in Adani New Industries Ltd (ANIL).

    Sourav Majumdar, Editor of Business Today, Siddharth Vishwanath, Partner- Risk Consulting PwC India, Kaivalya V, Founder and CTO, Zepto and Shankar Viswanathan, CIO, Sundaram Clayton Ltd.
    Updated : Aug 10, 2023

    Managing Risks in the Era of Digital Transformation

    In a recent discussion hosted by Sourav Majumdar, Editor of Business Today, the panelist consisting of Kaivalya V, Founder and CTO, Zepto, Siddharth Vishwanath, Partner- Risk Consulting  PwC India, and Shankar Viswanathan, CIO, Sundaram Clayton Limited, shared insights on preparing for and mitigating risks during digital transformation.

    Toyota Rumion is a cross-badged version of Maruti Suzuki Ertiga
    Updated : Aug 10, 2023

    Toyota reveals Maruti Suzuki Ertiga-based Rumion MPV in India: Engine, variants, expected price

    The Toyota Rumion will be available with two powertrain options: Petrol and Compressed Natural Gas (CNG)

    Adani Group denies report of Adani Wilmar stake sale
    Updated : Aug 10, 2023

    Adani Group denies reports of exiting $6 billion Adani Wilmar JV

    Adani Group's stake in Adani Wilmar JV: The media reports came amid reports that the company is focusing on its core businesses and is aiming to shore up investments.

    (Image: Reuters)
    Updated : Aug 10, 2023

    Alibaba beats quarterly revenue estimates

    The company's U.S.-listed shares rose nearly 4% in trading before the bell

    Shares of Godrej Consumer Products were trading at Rs 1,025.45, up by 0.62 per cent, at 3 PM.
    Updated : Aug 10, 2023

    Godrej Consumer Products to invest Rs 515 cr to set up manufacturing plant in Tamil Nadu, generate 400 jobs

    The manufacturing facility is scheduled to come up at Thiruporur Taluk, in Chengalpattu District of Tamil Nadu.

    NCLT approves merger of Zee Entertainment With Sony India
    Updated : Aug 10, 2023

    NCLT approves merger of Zee Entertainment with Sony India; ZEEL shares rally 18%

    In December 2021, Zee Entertainment and Sony India reached an agreement to combine their businesses

    Tata Sons had acquired a 100 per cent stake in loss-making Air India on January 27, 2022, through its fully owned subsidiary, Talace Private Limited.
    Updated : Aug 10, 2023

    Tata-owned Air India in talks with multiple banks for Rs 3,000-cr loan: Report

    A State Bank of India executive has said several lenders are willing to extend the loan. The loans will be in addition to the investment made by the Tata Group in the company.

    Venture Capital firm Antler unveils platform to fund and support founders build businesses on ONDC
    Updated : Aug 10, 2023

    Venture Capital firm Antler unveils platform to fund and support founders build businesses on ONDC

    The platform offers pre-seed capital of $300,000, with an additional investment up to $200,000 from key partners in the Antler network, for ready teams with an idea

    In December 2021, Zee Entertainment and Sony Pictures agreed to merge their businesses.  
    Updated : Aug 10, 2023

    Zee-Sony merger update: NCLT to pronounce order on scheme today 

    Zee-Sony merger news: Last month, the division bench comprising judicial member HV Subba Rao and technical member Madhu Sinha reserved the order on the merger.

    The Disney management had expected the Disney+ Hotstar user base to decline in October-December 2022
    Updated : Aug 10, 2023

    Disney+ Hotstar loses another 12.5 million subscribers on IPL void  

    Its subscriber base stands at 40.4 million at the end of June 2023. Between September 2022 and June 2023, the platform has lost a whopping 20 million-plus subscribers.

    Suzlon launches QIP to raise up to Rs 2,000 cr, sets floor price at Rs 18.44 per share
    Updated : Aug 09, 2023

    Suzlon launches QIP to raise up to Rs 2,000 cr, sets floor price at Rs 18.44 per share

    The QIP base size is up to Rs 1,500 crore with an oversubscription option of up to Rs 500 crore, said Suzlon

    Eicher, Amazon collaborate to deploy electric trucks for middle-, last-mile deliveries
    Updated : Aug 09, 2023

    Eicher, Amazon collaborate to deploy electric trucks for middle-, last-mile deliveries

    Amazon will progressively deploy 50 Eicher electric trucks in major hubs like Delhi, Manesar, and Gurugram over the coming months as a first step

    Axis Bank to raise stake in Max Life via Rs 1,612-cr investment
    Updated : Aug 09, 2023

    Axis Bank to raise stake in Max Life via Rs 1,612-cr investment

    Axis Bank along with its entities acquired a 12.99% stake in Max Life in 2021, and through this new investment they will own 19.02% in the insurer

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