đź“Š California Software Company announcing its Q2 results today!
Fri, Oct 15, 2021 8:00 AM

đź“Š California Software Company announcing its Q2 results today!

California Software Company Ltd offers information technology (IT) enabled services, enterprise IT solutions through its strategic business unit, Calsoft Enterprise Solutions (Inatech). The company is expected to announce its Q2'FY22 results today (October 15, 2021). How will the market react to this news? Let us know in the comments section.

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Air India registered â‚ą7,017.42cr standalone loss for FY21
Thu, Oct 14, 2021 11:00 PM

Air India registered â‚ą7,017.42cr standalone loss for FY21

Divestment-bound Air India Ltd reported a huge loss during 2020-21 during the COVID-19 outbreak and lockdown restrictions. The standalone net loss of Air India Limited settled at â‚ą7,017.42cr in the year through 31 March 2021, declined by a â‚ą7,765.73cr loss registered in the last year. The losses of the carrier declined during 2020-21 as compared to the previous year.

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Arrivae secured Rs 50cr in funding round led by Rakesh Jhunjhunwala
Thu, Oct 14, 2021 10:51 PM

Arrivae secured Rs 50cr in funding round led by Rakesh Jhunjhunwala

Furniture startup Arrivae on Thursday told that it secured 50cr in the first external funding round led by ace investor Rakesh Jhunjhunwala. The Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11) and Ramesh S. Damani (Chairman, DMart) also took part in the funding round.

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Microsoft to pull down LinkedIn in China
Thu, Oct 14, 2021 10:42 PM

Microsoft to pull down LinkedIn in China

After seven years of launch, Microsoft Corp is reverting the current version of LinkedIn in China to replace it with a stripped-down version of the platform that would focus only on jobs. LinkedIn is the only major U.S.-owned social network operating in the country, where the government requires such platforms to follow strict rules and regulations.

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BYJU’s testing a new model where students can visit offline centers
Thu, Oct 14, 2021 10:34 PM

BYJU’s testing a new model where students can visit offline centers

BYJU’s is bringing a new hybrid model for its 100 Mn users. Edtech decacorn is working on a new model where students can visit physical/offline education centers for classes. BYJU’s offline centres will offer a hybrid learning experience to students. The model is similar to what BYJU's owned Aakash plans to implement

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Non-executive chairman Sameer Gehlaut quits Indiabulls Real Estate
Thu, Oct 14, 2021 10:09 PM

Non-executive chairman Sameer Gehlaut quits Indiabulls Real Estate

Indiabulls Real Estate's Sameer Gehlaut, non-executive director and Chairman of the firm submitted papers effective from December 31, 2021. The company announced that Gehlaut resigned from the post as he is planning to concentrate on the business of providing technology-enabled transaction finance and primary healthcare services.

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đź“ŚCompetitive Strengths of Mobikwik IPO!
Thu, Oct 14, 2021 10:00 PM

đź“ŚCompetitive Strengths of Mobikwik IPO!

[1] Mobikwik is a technology-driven Fintech company with robust synergy across business networks benefiting all the parties. [2] Organic addition of majority of the users with low customer acquisition cost (CAC). [3] Strong consumer brand recognition and recall across India. As of March 31, 2021, Mobikwik has over 101.37 million registered users. [4] Technology-powered, innovation-driven firm.

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PNB Housing ends Rs4000cr Carlyle investment deal
Thu, Oct 14, 2021 9:32 PM

PNB Housing ends Rs4000cr Carlyle investment deal

Ongoing legal issues may delay the approvals, hence the board of PNB Housing Finance Ltd has ended a Rs 4,000-crore fund raising deal with a Carlyle-led group of investors. Subsequently, Pluto Investments, a Carlyle entity will begin the process to eliminate an open offer made by them, the finance company said in a notice to stock exchanges.

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Century Textiles reported Rs54cr net income in Q2
Thu, Oct 14, 2021 9:32 PM

Century Textiles reported Rs54cr net income in Q2

Century Textiles & Industries on Thursday posted a net income of Rs 54cr and a revenue of Rs 998cr on a standalone basis in the Q2'FY22. It had reported a net income of Rs 5cr and a revenue of Rs 600cr last year in the corresponding period. MD J C Laddha said they could deliver resilient performance as the manufacturing businesses posted excellent results due to healthier results.

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HCL Tech adds RSUs in compensation mix to retain high performers
Thu, Oct 14, 2021 9:24 PM

HCL Tech adds RSUs in compensation mix to retain high performers

HCL Technologies board declared a new model on October 14 that its existing long-term incentive (LTI) program will comprise Restricted Stock Unit (RSU) grants as part of the compensation mix, as it looks to preserve high performers amid war for talent. The IT major will move from 100% cash awards to a mix of 70% cash and 30% RSUs for the grants, which will be offered in the later year.

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Sebi digitalized methods to obtain SCORES credentials for cos
Thu, Oct 14, 2021 8:36 PM

Sebi digitalized methods to obtain SCORES credentials for cos

For companies that are intending to list on the bourses, SEBI has introduced an online mechanism for obtaining SCORES credentials. This development is a part of Sebi's green initiative and to streamline the redressal of investor grievances against companies before listing," according to the Securities and Exchange Board of India (Sebi).

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Nippon Steel filed lawsuit against Toyota in patent violation
Thu, Oct 14, 2021 8:32 PM

Nippon Steel filed lawsuit against Toyota in patent violation

Nippon Steel Corp. accused Toyota Motor Corp of violation of the supplier’s patent relating to electrical steel sheets. The company has even filed a lawsuit against the Japanese automotive manufacturer. The Japanese steelmaker has also appealed for a preliminary injunction in the Tokyo District Court prohibiting Toyota, from manufacturing and selling cars fitted with motors that use the sheets.

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Coal supply to non-power sector suspended temporarily: CIL
Thu, Oct 14, 2021 8:28 PM

Coal supply to non-power sector suspended temporarily: CIL

The coal supply to the non-power sector by CIL has been halted because electricity generating plants in the country struggling with coal shortages. According to a recent letter of Coal India's arm South Eastern Coalfields Limited (SECL) the "Supplies to non-power sector plants have been kept suspended till further information,".

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Indusind Bank designates Gobind Jain as new CFO
Thu, Oct 14, 2021 8:19 PM

Indusind Bank designates Gobind Jain as new CFO

SV Zaregaonkar, the chief financial officer of Indusind Bank has resigned with effect from 30 September. Gobind Jain has been appointed in his place as the new CFO. In a statement to the exchanges, the private sector bank said that Zaregaonkar has stepped down to take over other responsibilities until his last date of serving period.

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NHAI's InvIT awaiting  liberalized insurance, pension fund investment norms
Thu, Oct 14, 2021 8:10 PM

NHAI's InvIT awaiting liberalized insurance, pension fund investment norms

The National Highways Authority of India plans to launch its delayed infrastructure investment trust after rules for insurance and pension fund investments in InvITs are liberalized. Earlier, NHAI was in talks with insurance and pension funds and considering to wait for the investment limits of such funds to be relaxed, the people said.

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