Page 30 - Companies

Startup PumPumPum gets Rs 5.5 cr to expand used car leasing business

Company says it plans to expand to 15 cities in five years, lure millennials for clients.

Beating Coronavirus blues: Bikanervala charts new growth path with Bikano

With snacks brand Bikano growing 30 per cent, the group is now breaking the Rajasthani stereotype

SRAM & MRAM Group to invest Rs 100 cr in manufacturing of PPE products

UK-based global conglomerate SRAM & MRAM Group on Thursday said it will invest Rs 100 crore in manufacturing the PPE products under its flagship brand'Walletz4u' in India. The company is set to produce premiumNitrile Examination Glovesthat are currently being produced from its factories in Malaysia, Thailand and Vietnam, saidSRAM & MRAM Group in a statement. "With the series of investments and manufacturing units in place, the company is gearing up to become the leading OEM (original equipment manufacturer) of medical and industrial grade gloves in East Asia," it added. SRAM & MRAM Group ChairmanSailesh Lachu Hiranandanisaid the company hasgeared itself up to tackle the PPE shortage by acquiring and leasing a lot of production lines to meet the ever-increasing demand, especially gloves of all types for all industry verticals. "With the launch of 'Walletz4u', the conglomerate has joined the leading players for selling their branded premium gloves across the globe," he

IMF favours global minimum corporate tax: Chief economist Gita Gopinath

Gopinath said current disparities in national corporate tax rates had triggered 'a large amount' of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues

Record-setting $49 billion Asia IPO boom likely to taper off, shows data

Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets

Tech roles need women, but companies still prefer men

Technology is too important to be left in the hands of men alone. Unhappily, despite its importance in our daily lives, enough women are not participating in the creation of future technologies

Slowing entry segment volumes may derail Hero MotoCorp's sales trajectory

While overall two-wheelers sales are down, what is hurting Hero MotoCorp is that the slowdown is impacting the entry and executive segments the most

UK's richest woman gets $648 million in salary from betting empire

Her salary of 421.2 million pounds from the closely held British firm makes her one of the world's best-paid bosses

We made significant progress in bolstering our balance sheet: Onkar Kanwar

The strategy going forward is really to sweat our assets and get our utilisation levels to reach 90-95% in all our plants, said Kanwar

Video startup Chingari raises $13 mn, plans 100 mn users in 6 months

Homegrown Chingari said it will use the funds to grow from 56 million users to over 100 million in two quarters, enhance its content, and hire talent

Just 1 in 5 of world's biggest listed firms disclosed data about workforce

Just one in five of world's biggest listed companies disclosed data about their workforce in a survey run by a $7 trillion investor coalition, as they respond slowly to pressure to be transparent

Soc Gen Securities Services deploys TCS BaNCS across multiple locations

SGSS was looking for a platform that met its strategic objectives of providing standardised corporate actions processing and cash management services, and consistent customer

The focus for Spencer's Retail is profitable growth: Shashwat Goenka

We want to ensure that the new stores we open become profitable from the first year itself and add to the bottomline, said Goenka

JLR launches maiden electric offering Jaguar I-PACE in Indian market

The maiden offering will go on sale from 22 outlets across 19 cities

Raising learning outcomes in backward areas linked to improving governance

KEF is working with the state and district officials to resolve many archaic, pre-colonial rules and procedures

Home-selling platform Offerpad to go public in $3 billion SPAC deal

The deal with Zillow co-founder Spencer Rascoff-backed Supernova Partners Acquisition Company Inc will fetch $650 million in proceeds for Offerpad

View from the corporate netherworld

Book review of Hot Seat: Hard-won Lessons in Challenging Time

Top Toshiba shareholder gets support from CalPERS, Norway fund for probe

CalPERS and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba Corp shareholder for an independent probe into the Japanese conglomerate

Exempt independent directors from any criminal liability, says CII

'Proceedings against independent directors may be initiated only once there is prima facie evidence of their possible involvement in the matter, rather than as a matter of course,' says CII

Max Healthcare Institute raises Rs 1,200 crore via QIP issue route

Max Healthcare Institute Ltd (MHC) on Wednesday said it has raised Rs 1,200 crore via issue of securities.