Page 1020 - Company News
Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom
The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology
 "Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom")
Samvardhana Motherson Intl to acquire Lumen Gr, Deltacarb SA for Rs 575 cr
The acquisition of Lumen group is expected to be closed by the fopurth quarter of FY2023-24 subject to satisfactory completion of all conditions precedent, SAMIL added
 "Samvardhana Motherson Intl to acquire Lumen Gr, Deltacarb SA for Rs 575 cr")
Bain Capital nominee Ashish Kotecha steps down from board of Axis Bank
This comes after the direct shareholding of entities affiliated with Bain Capital in the bank came down below two per cent
 "Bain Capital nominee Ashish Kotecha steps down from board of Axis Bank")
Ammunition manufacturing: MoD inks Rs 5,336 cr contract with BEL
The 10-year contract between the defence ministry and BEL has been signed for the procurement of electronic fuzes for Indian Army
 "Ammunition manufacturing: MoD inks Rs 5,336 cr contract with BEL")
Biocon considers selling generic API biz; turn into biosimilar major
The generic API business has been one of the primary businesses for Biocon, however, in recent years, the segment's contribution towards the company's consolidated financials has declined
 "Biocon considers selling generic API biz; turn into biosimilar major")
NCLAT refuses to stay Zee-Sony merger, case now to be heard in January
IDBI Bank and Axis Finance had challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT), which approved the Zee-Sony merger
 "NCLAT refuses to stay Zee-Sony merger, case now to be heard in January")
Bank of Baroda to raise up to Rs 2,500 cr via Basel III compliant bonds
The bank's shares were trading at Rs 219.20 apiece on BSE, down 0.36 per cent over the previous close
 "Bank of Baroda to raise up to Rs 2,500 cr via Basel III compliant bonds")
Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIIs
Bulk of the proceeds from the QIP will be used to pare down debt furthermore providing us capital to pursue the fast-growing solar EPC markets in India and abroad, company's Global CEO said
Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIP
Proceeds will be used to reduce debt and capitalise on the solar engineering, procurement, and construction (EPC) markets in India and overseas
 "Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIP")
Motorola working to double its exports with focus on North American market
Motorola exported more than 1 million units of smartphones from India in 2022. These were manufactured locally by the contract manufacturer, Dixon Technologies
 "Motorola working to double its exports with focus on North American market")
MSC arm acquires 49% in Adani Ennore Container Terminal for Rs 247 cr
After the completion of the transaction, APSEZ would hold a 51 per cent stake in AECTPL
 "MSC arm acquires 49% in Adani Ennore Container Terminal for Rs 247 cr")
Mahindra Finance to foray into life, health, and general insurance
The company will initially invest Rs 5 crore to Rs 10 crore towards technology, hiring and training and certification
 "Mahindra Finance to foray into life, health, and general insurance")
Hero MotoCorp raises stake in Ather Energy, to buy shares worth Rs 140 cr
Ather, the manufacturer of electric two-wheelers, is also aiming to list on the Indian stock market
 "Hero MotoCorp raises stake in Ather Energy, to buy shares worth Rs 140 cr")
Indian envoy to US discusses technology partnership with IBM CEO Krishna
During the meeting at India House, they also discussed new and emerging technologies such as Artificial Intelligence and Quantum
 "Indian envoy to US discusses technology partnership with IBM CEO Krishna")
Why large consumer brands have a lot at stake in Disney, Sony deals
The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country
 "Why large consumer brands have a lot at stake in Disney, Sony deals")
Go Air troubles mount as billionaire-backed Indian airline nears collapse
Chief Executive Officer Kaushik Khona quit at the end of November, saying he couldn't get the carrier flying again and that staff hadn't been paid for six months
 "Go Air troubles mount as billionaire-backed Indian airline nears collapse")
$340 million fundraise by Udaan signals pick-up in startup dealmaking
Led by M&G plc, Udaan's Series E funding includes Lightspeed Venture Partners and DST Global
 "$340 million fundraise by Udaan signals pick-up in startup dealmaking")
China's Country Garden prevents worsening of debt crisis with payment
The distressed builder's onshore unit, Country Garden Real Estate Group Co., repaid in full $111 million bond with a put option that expired Wednesday, it said in a filing
 "China's Country Garden prevents worsening of debt crisis with payment")
RBI asks Religare to submit fresh application for stake transfer of RHDFCL
Religare Enterprises entered into an agreement on April 5 with Religare Finvest Ltd and Religare Housing Development Finance for acquisition of entire 87.5 per cent equity stake of RHDFCL held by RFL
 "RBI asks Religare to submit fresh application for stake transfer of RHDFCL")
Dr Reddy's becomes 1st Indian pharma firm on Dow Jones Sustainability index
Dr. Reddy's has become the first Indian pharma company to earn a place in the Standard & Poor Dow Jones Sustainability World Index (DJSI World) for 2023, a press release from the drug maker said
 "Dr Reddy's becomes 1st Indian pharma firm on Dow Jones Sustainability index")