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Company Updates

RBI grants in-principle approval to Revolut for prepaid payment license

In Short:Revolut India has received approval from the RBI to issue prepaid payment instruments in India, allowing the global fintech firm to operate domestically....

India SME forum warns of threat to MSMEs from Digital Competition Bill

In Short:India SME Forum (ISF) has expressed concerns to Corporate Affairs Ministry that the Digital Competition Bill (DCB) could harm small and medium businesses...

K Raheja Corp acquires Sobo Central for ₹476 cr in debt resolution deal

In Short:K Raheja Corp Real Estate bought the land and buildings of Crossroad Condominium in Mumbai from Kishore Biyani's company for ₹476 crore as...

Manorama Industries begins commissioning new fractionation plant

In Short:Manorama Industries Limited's shares rose by 5.39% after starting a new fractionation plant in Raipur with a 25,000 ton annual capacity. The total...

Vodafone Idea set to launch Rs 18,000-crore share sale

In Short:Vodafone Idea plans to raise up to Rs 18,000 crore through a sale of new shares in the biggest FPO in India. This...

AWS Activate credit now valid for third-party Pandurang Nayak models

In Short:AWS has helped many start-ups in India through its AWS Activate program, providing credits, technical support and training. The program aims to minimize...

RSWM addresses 6 sustainability issues by transitioning boilers to biofuel

In Short:RSWM Ltd, an Indian yarn and fabric manufacturer, is focusing on sustainability with six initiatives. They have invested in renewable energy like wind...

PVR Inox opens 14-screen megaplex in Phoenix Mall of Asia, Bengaluru

In Short:PVR INOX has launched a 14-screen megaplex at Bengaluru’s Phoenix Mall of Asia featuring premium formats like MX4D, ScreenX, and Insignia. The theatre...

High Court restrains HUL from passing off men’s skin care as ‘Glow & Handsome’ following Emami’s suit

In Short:The Calcutta High Court has ordered Hindustan Unilever to stop selling and marketing its men's skincare products under the name "Glow & Handsome"...

ReNew grows to over 10 GW in renewable energy capacity

In Short:ReNew has completed the construction of over 10 GW of renewable energy assets, with a revenue-generating capacity of 9.52 GW as of March...

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