Page 1012 - Company News

Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics

Founded in 2014, Nephrocare India operates three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata

PNB board clears equity raise upto Rs 7,500 cr in FY25 to aid biz growth

Options open for institutional placement, follow-on issue

Kolkata-based Nephrocare India secures Rs 8.08cr in pre-IPO funding

The funding saw participation from marquee investors, who include former HDFC chairman Deepak Parekh, HDFC Securities chairman Bharat Shah, and MD of Macleods Pharmaceuticals Rajendra Agarwal

Kalpataru bags orders worth Rs 3,244 cr, forays into metro tunnel segment

The firm said it secured an order for design and construction of an underground metro rail project, marking its foray into electric mobility business with TBM (tunnel boring machine) tunnelling scope

BSES plans to energise over 1,000 rooftop solar installations in FY25

The highest energised load is in the commercial segment with 57 Megawatt peak (MWp), followed by the educational segment with 45 MWp, industrial with 6 MWp and others with 11 MWp

Hinduja Renewables bags 140-MW solar project from Gujarat Urja Vikas Nigam

The contract is part of the Solar Tender Phase -XXII issued by GUVNL for selection of solar power developers for setting up 500 MW Solar Power Projects anywhere in India

CESC gets board's approval to raise Rs 100 crore from Axis Bank via NCDs

Power utility CESC Ltd on Friday said it received board's approval for raising Rs 100 crore from Axis Bank through issue of non-convertible debentures on private placement basis.

Automobile major M&M gets Rs 4.12 crore tax penalty; company to challenge

M&M has said it has received an order from the office of the Deputy Commissioner, State Tax, Audit Wing, Indore-01, Madhya Pradesh imposing a penalty amounting to Rs 4,11,50,120

GE T&D India bags 74 million pound order from GE group's British arm

Both the entities are part of GE Group and this related party transaction has been approved by shareholders in last annual general meeting held on August 21, 2023

State-owned Power Grid board approves raising Rs 2,200 crore via bonds

State-owned Power Grid Corporation board on Friday approved raising of Rs 2,200 crore through bonds

Techno Electric & Engineering Company gets projects worth Rs 1,750 crore

The transmission orders include a substation package for Neemrana-ll from Sterlite worth Rs 199 crore

Tata Coffee, Tata Consumer Products merger to be effective from January 1

Tata Coffee will merge with Tata Consumer, TCPL Beverages on January 1, the company said in its exchange filing on Thursday

PNB gets board approval to raise Rs 7,500 crore through QIP or FPO

The fundraising exercise will be done in one or more tranches during the next financial year, the state-owned bank said in a late-evening regulatory filing

SoftBank set to offload over 16% stake as part of OFS in FirstCry's IPO

PI Opportunities Fund-1 is expected to offload over 36 per cent stake and Mahindra & Mahindra would sell over 5 per cent stake as part of the IPO

IIL invests Rs 700 cr in new vaccine plant to combat livestock disease

Equipped with a BSL3 (biosafety level) facility for drug substance production and a Fill-Finish capability for final vaccine products, the unit will focus on combating two major livestock diseases

HUL changes distributor margin structure, increases variable components

Cuts fixed margins and increases variable margins for Bharat ke Shehar

US companies are picky about investing in China except fast-food chains

American fast-food chains have decided a market of 1.4 billion people is simply too delicious to pass up. KFC China's parent company opened its 10,000th restaurant in China last month

Apple supplier Luxshare to control Taiwan rival's iPhone assembly site

The acquisition is expected to give Luxshare a better chance at competing with Taiwan's Foxconn Technology Group, Apple's primary manufacturing partner

True North's Threpsi Care LLP sells stake in Zydus Wellness worth Rs 127 cr

Private equity firm True North's arm Threpsi Care LLP on Thursday divested a 1.23 per cent stake in Zydus Wellness for Rs 127 crore through an open market transaction.

Corporates relook at work-from-home policy as Covid cases resurge

India reports a single-day spike of 702 cases; 6 deaths