Category: Corporate

Bharti Airtel approves a recharge of $ 3 billion via debt and equity

The board of Bharti Airtel Ltd has approved the proposal to raise $3 billion dollars. The funds will be raised through various modes including Qualified Institution Placement (QIPs), stake sale and debt papers. As per the Company’s exchange filing on Wednesday, out of the $3 billion, $2 billion will be raised via equity and the…

Sundar Pichai to be Alphabet CEO, Larry Page steps down

Larry Page is exiting the role of CEO for Alphabet, and Sundar Pichai will be taking over the role. For Sundar Pichai, this role will be in addition to his present role as CEO for Google. Google, Co-Founder Sergey Brin will also step down from the role of President of Alphabet. The role of President…

Chanda Kochhar’s legal battle with ICICI to salvage her earnings

In a recent development in the case of Chanda Kochhar versus ICICI Bank, the former CEO has sought permission from the Bombay High Court to amend her petition in view of the reply given by the bank to the court. Kochhar had earlier (30th November) moved the court challenging her termination and subsequent clawback of…

CarDekho acquires Carmudi Philippines

CarDekho Group, India’s leading car search venture, has expanded its global footprint by acquiring online car classifieds site, Carmudi Philippines. Carmudi was a part of Rocket Internet and is an online car classifieds site focusing on emerging markets. The company was founded in 2013.  In the company’s statement on this move, Co-Founder and President, CarDekho…