Page 1000 - Company News
Fintech firm Mobikwik refiles draft papers with Sebi to raise Rs 700 cr
Unicorn fintech firm One MobiKwik Systems Ltd has filed its preliminary papers with markets regulator Sebi to raise up to Rs 700 crore through an initial public offering
 "Fintech firm Mobikwik refiles draft papers with Sebi to raise Rs 700 cr")
Invesco raises valuation of Indian food delivery firm Swiggy to $8.3 bn
US asset manager Invesco has raised the valuation of Indian food delivery platform Swiggy to $8.3 billion from $7.85 billion in October in a second straight markup, regulatory filings showed
 "Invesco raises valuation of Indian food delivery firm Swiggy to $8.3 bn")
Suzlon Group secures 225 MW wind energy project from Everrenew Energy
Renewable energy solutions provider Suzlon Group has secured a new 225 MW wind energy order from Everrenew Energy
 "Suzlon Group secures 225 MW wind energy project from Everrenew Energy")
American Tower to sell India operations to Brookfield for $2.5 billion
ATC India will be included in DIT, which includes the existing telecommunications assets
 "American Tower to sell India operations to Brookfield for $2.5 billion")
Apple hit with second downgrade this week on iPhone sales concerns
Coming into 2024, Apple was the big tech stock with the least number of bullish recommendations
 "Apple hit with second downgrade this week on iPhone sales concerns")
How China's top automobile manufacturer BYD beat Tesla at its own game
The company is able to offer a wide range of affordable EVs at low prices, maximizing sales (if not revenue) while expanding its footprint in new markets
 "How China's top automobile manufacturer BYD beat Tesla at its own game")
Qualcomm unveils chip for mixed reality to compete with Apple's Vision Pro
The San Diego-based chipmaker said the new component, which can run 12 or more high-definition cameras, will be used by Samsung Electronics Co. and Alphabet Inc.'s Google on products under development
 "Qualcomm unveils chip for mixed reality to compete with Apple's Vision Pro")
Zomato begins liquidation of its Vietnam-based step-down subsidiary
Zomato's revenue from operations rose 71 per cent year-on-year (Y-o-Y) to Rs 2,848 crore in Q2, up from Rs 1,661 a year ago. It had reported a revenue of Rs 2,416 in the previous quarter
 "Zomato begins liquidation of its Vietnam-based step-down subsidiary")
Reliance, Disney start antitrust diligence on India media merger: Report
Reliance has appointed Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has roped in AZB & Partners, the people said
 "Reliance, Disney start antitrust diligence on India media merger: Report")
Multiple margin levers ahead for food delivery platform Zomato's stock
It had begun levying a convenience fee of Rs 2 per order from August 2023, which was subsequently raised to Rs 3 per order
 "Multiple margin levers ahead for food delivery platform Zomato's stock")
Grasim Industries rights issue price fixed at Rs 1,812 per share
The company has decided on a rights entitlement ratio of six shares for every 179 fully paid-up equity shares held by the eligible equity shareholders as of the record date
 "Grasim Industries rights issue price fixed at Rs 1,812 per share")
Sanstar files IPO papers with market regulator Sebi to raise funds
The company may consider a pre-IPO placement of up to 40 lakh equity shares. If such placement is completed, the fresh issue size will be reduced
 "Sanstar files IPO papers with market regulator Sebi to raise funds")
Reliance Jio gained 3.15 mn users in October; Vi lost 2.04 mn: Trai
Bharti Airtel, the second-largest player in the market, saw its subscriber count increase by 0.35 million, much lower than the 1.32 million users the company added in September
 "Reliance Jio gained 3.15 mn users in October; Vi lost 2.04 mn: Trai")
Poonawalla Fincorp's AUM rises 57% to around Rs 21,850 cr in Q3FY24
Sequentially, Poonawalla Fincorp's AUM expanded by 8 per cent over in the second quarter ended September 2023
 "Poonawalla Fincorp's AUM rises 57% to around Rs 21,850 cr in Q3FY24")
NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation
Sundar was with State Bank of India before taking charge at NARCL
 "NARCL MD & CEO Natarajan Sundar quits, Canara Bank CGM on deputation")
I-T dept raids realty players including Bhutani Infra, Logix in Noida
The premises of realty groups like Bhutani Infra, Group 108, Logix and some other companies were raided by the tax department, they said
 "I-T dept raids realty players including Bhutani Infra, Logix in Noida")
It's talent tug of war: Why Cognizant is in the crosshairs of top IT firms
Cognizant pulling top executives from rivals has triggered a legal battle at a time when the pie is shrinking
 "It's talent tug of war: Why Cognizant is in the crosshairs of top IT firms")
VIL to seek reversal of Rs 10.7 cr penalty order received under CGST Act
The troubled telco further said it will seek rectification and reversal of the order, as it does not agree with it
 "VIL to seek reversal of Rs 10.7 cr penalty order received under CGST Act")
Toys to have major share in Walmart's $10 bn Indian exports target: DPIIT
The company has earlier informed toy makers about their requirements and expected quality standards
 "Toys to have major share in Walmart's $10 bn Indian exports target: DPIIT")
Swan Energy takes management control of Reliance Naval & Engineering
The company had emerged as the winning bidder under an insolvency resolution process
 "Swan Energy takes management control of Reliance Naval & Engineering")