Tag: MUMBAI
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Companies News Update: March 1, 2025
Major news highlights include Qatar Airways defending its crew’s handling of a deceased passenger, Tesla finalizing its first showroom in India, Ksb’s considerable profit increase, and Byju’s LinkedIn post removal regarding allegations against EY. These events reflect notable trends and shifts in the business sector as of March 1, 2025. On March 1, 2025, significant…
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Tata Motors Faces Executive Turnover Amid Major Restructuring Ahead of Demerger
Tata Motors Ltd is experiencing a notable exit of numerous senior executives amid a restructuring that will carve out its commercial and passenger vehicle operations into two separate companies. Departures include several high-ranking figures who have secured positions at rival firms. The company is implementing a talent mapping strategy to manage the transition effectively, but…
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Tesla Posts Job Openings in India After Meeting with PM Modi
According to reports, Tesla Inc. posted 13 job openings in India after Elon Musk’s meeting with PM Modi, primarily in Mumbai and Delhi. Roles include service technicians and customer engagement positions. Recent reductions in import duties may facilitate Tesla’s expansion in India’s growing EV market, offering recovery opportunities following declining sales. Tesla Expands Job Opportunities…
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Laxmi Dental Secures Rs 314 Crore from Anchor Investors Before IPO
Laxmi Dental raised over Rs 314 crore from anchor investors ahead of its IPO. The specified price range is Rs 407-428 per share, with subscription opening on January 13. Proceeds will fund debt repayment and growth initiatives. The company offers various dental products and will list shares on the BSE and NSE. Laxmi Dental, supported…
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Neo Asset Management Plans to Raise ₹6,000 Crore for New Private Credit Fund
Neo Asset Management aims to raise ₹6,000 crore (~$699 million) for its second private credit fund, targeting wealthy individuals and institutions. The new fund would more than double the ₹2,575 crore raised previously. The firm plans to invest in mid-sized companies and specific financing scenarios, responding to a growing demand in India’s financial market. Neo…
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The Push for Transparency in Credit Scoring: Addressing Concerns and Recent Changes
The article highlights issues surrounding credit scores in India, focusing on individual cases where borrowers faced higher interest rates or were unfairly labeled as defaulters despite good repayment records. It discusses the recent moves by the Reserve Bank of India to enhance transparency and accuracy in credit reporting, noting the significance of these scores in…
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Paytm’s Singapore Entity to Divest Stake in PayPay for ₹2,364 Crore
Paytm’s Singapore unit, One97 Communications Singapore, is selling its stake in Japan’s PayPay to Softbank Vision Fund 2 for ₹2,364 crore. This sale is aimed at strengthening Paytm’s cash reserves and focuses on core business operations amid regulatory challenges. PayPay, valued at approximately ₹60,000 crore, holds a significant market share in Japan’s payment services sector.…
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Ajay Devgn’s Wealth and Ventures: Insights into the Actor’s Net Worth and Lifestyle
Ajay Devgn, the celebrated actor, has returned to cinema with “Singham Again”. His net worth is estimated at roughly ₹427 crore, evident through his luxurious homes and significant investments. Devgn owns exquisite cars including a Rolls Royce and a Mercedes-Maybach and has diverse business interests, including successful production and VFX companies. His ventures illustrate a…