Page 1022 - Company News

Foxconn set to open its first iPhone assembly plant in Bengaluru in April

The key Apple supplier will create a capacity that can assemble 20 million iPhones annually at the assembly unit in Karnataka

Vedanta Resources secures debt refinancing worth $1.25 billion: Report

Earlier on Thursday, S&P Global Ratings downgraded Vedanta Resources Ltd's long-term issuer rating and bonds from "CCC" to "CC" on potential extension of bond maturities

S&P downgrades Vedanta Resources to 'CC' on potential bond extensions

The ratings remain on CreditWatch with negative implications, where they were first placed on September 29, 2023

Adobe signals slow growth in generative AI tech, disappoints investors

In the fiscal fourth quarter, sales increased 12% to $5.05 billion. Profit, excluding some items, was $4.27 a share

Singapore's Sembcorp renewables' unit gets 300 MW solar project from NHPC

The project will be funded by internal funds and debt, and is expected to be ready for commercial operation in 2026, the energy and urban solutions provider said

India has $20 bn dry powder waiting to be invested: Peak XV MD Anandan

Says investors are looking to invest unallocated capital in sectors like AI

Myntra surpasses 75 mn new app users, achieves record customer growth

The Gen Z fashion segment on the platform has recorded 2.25X surge in demand and 175% YoY growth in customers

Private equity firm Bain Capital sells Rs 3,737 cr stake in Axis Bank

More than 50 entities, largely comprising foreign funds, were among the buyers, including Societe Generale, Morgan Stanley, Goldman Sachs and UBS

Indian exporters on Amazon see over 80% business growth during BFCM sale

Customers across global markets shopped from Indian exporters on Amazon Global Selling during the 11-day sale period

Muthoot Microfin IPO to open on Dec 18 at price band of Rs 277-291

The funds are expected to augment the capital base of the company. Out of the total, the company plans to raise Rs 760 crore through the sale of fresh equity and Rs 200 crore via Offer for Sale

Agilitas Sports secures Rs 100 cr Investment from Nexus Venture Partners

Sport comprises 16 per cent of the Indian footwear market and is the fastest-growing segment

Nasdaq planning to repurpose technology from curtailed crypto foray

Nasdaq and other mainstream financial firms pulled back on their ambitions in digital assets as regulators seek to isolate the US financial system from cryptocurrencies

Tiruppur's sustainable fashion materials gain traction in global market

Seeing interest from Primark, Marks & Spencer, Tesco, Decathlon

CCI proposes fees to file applications, seeks stateholders' comments

CCI has invited stakeholders to submit their comments by January 1, 2024 on the draft amendment in CCI (General) Regulation 2009, the regulator said

Govt not considering any proposal to take over Vodafone Idea: MoS

To a question on whether the government has any plan to take over Vodafone Idea, Chauhan said, "No such proposal is under consideration in the Department"

Inox India secures Rs 438 crore from anchor investors ahead of IPO

The company has allotted 66.33 lakh equity shares to 41 funds at Rs 660 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website

Godrej Consumer starts price war in liquid detergents with new product

Godrej fab launched at Rs 99/ litre in South India

Half a century on, Emami group to identify new sectors for growth

In the last 50 years, it has traversed the journey from a start-up cosmetics company with four products to more than 500 across a Rs 30,000 crore group with diverse business interests

IndiGo occupies sixth position in global mcap, surpassing United Airlines

On Wednesday, shares of InterGlobe Aviation, the parent company of IndiGo, ended 1.73 per cent higher at Rs 2,982.50 on BSE

Indian firms record 25% biz growth during Amazon's BFCM 2023 shopping event

The business during these events was more than 80% higher than on usual days, it said