Page 1675 - Company News
V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore
Deal likely to close by mid-Jan 2023, will be funded by mix of internal accruals and debt
 "V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore")
Snapdeal defers $152 mn IPO indefinitely citing poor market conditions
Development follows shelving of IPO plans by several notable firms such as Image Marketing (owner of wearable brand Boat), Droom Technology and PharmEasy
 "Snapdeal defers $152 mn IPO indefinitely citing poor market conditions")
NDTV approves proposal to invite two Adani nominees on its board
The appointment of directors, NDTV said, would be taken up at its next board meet on December 23
 "NDTV approves proposal to invite two Adani nominees on its board")
Airtel allocates equity worth Rs 71 crore to foreign debt bond holders
Bharti Airtel on Friday said it has approved the allotment of equity worth $8.6 million, about Rs 71 crore, to those holding its foreign debt bonds issued in January 2020
 "Airtel allocates equity worth Rs 71 crore to foreign debt bond holders")
Hero MotoCorp announces resignation of Malo Le Masson; CFO takes charge
Two-wheeler maker Hero MotoCorp on Friday announced the resignation of its head of strategy, mergers and acquisitions, and global product planning Malo Le Masson
 "Hero MotoCorp announces resignation of Malo Le Masson; CFO takes charge")
Some ultra long-haul flights facing delays, working to resolve matter: AI
Air India says some of its ultra long-haul flights are facing delays due to issues related to airport entry passes and it is working closely with authorities to resolve the matter
 "Some ultra long-haul flights facing delays, working to resolve matter: AI")
TVS Motor's Singapore arm to acquire EV related tech, assets in Germany
TVS Motor Company on Friday said its Singapore-based subsidiary has inked a pact to acquire Electric Vehicle (EV) related technology and assets in Germany
 "TVS Motor's Singapore arm to acquire EV related tech, assets in Germany")
upGrad's acquisition of test-prep provider Exampur may hit roadblock
Disagreement over valuation of Noida-based company which wants more from the deal, says source
 "upGrad's acquisition of test-prep provider Exampur may hit roadblock")
V-Guard to acquire Sunflame Enterprises for Rs 660 crore in all-cash deal
Electricals and home appliances player V-Guard Industries on Friday said it will acquire Sunflame Enterprises for Rs 660 crore in an all-cash deal
Marico to acquire Vietnamese personal care brands 'Purit de Prvence', 'liv'
The move will help the homegrown-FMCG major to expand its presence in Vietnam
 "Marico to acquire Vietnamese personal care brands 'Purit de Prvence', 'liv'")
Elan Group raises $60 mn from PAG for construction of realty projects
Last month, Elan Group announced an investment of Rs 4,000 crore to develop its first housing project on Dwarka Expressway in Gurugram
 "Elan Group raises $60 mn from PAG for construction of realty projects")
HCL Tech's shares drop most since mid-Jan on downbeat revenue outlook
Shares of HCL Technologies Ltd fell nearly 7% on Friday, in their sharpest intraday drop since mid-January, after the IT services firm warned furloughs and spending cuts
 "HCL Tech's shares drop most since mid-Jan on downbeat revenue outlook")
Twitter Files: Select group placed people on secret blacklists, says report
Twitter employees build blacklists and actively limited the visibility of entire accounts, according to the second installment of Elon Musk's "Twitter Files"
 "Twitter Files: Select group placed people on secret blacklists, says report")
Snapdeal to shelve its $152 million IPO amid tech stock market retreat
Snapdeal filed its initial public offering (IPO) regulatory papers for approval in December 2021, a year that saw many stock market debuts and record fund raising by Indian startups
Letter from Foxconn founder pushed China to ease Covid restrictions: Report
The letter from Foxconn's founder Terry Gou was sent a month ago when the Apple supplier's factory in Zhengzhou was rocked by protests
 "Letter from Foxconn founder pushed China to ease Covid restrictions: Report")
Podcast: Will Viatris deal inject fresh momentum into Biocon biz?
Sohini Das caught up with Biocon Biologics CEO Shreehas Tambe to know more about the deal and the company's future plans
 "Podcast: Will Viatris deal inject fresh momentum into Biocon biz?")
Adani firms, RIL share honours in Motilal Oswal wealth-creation study
The biggest wealth creator in absolute terms is Mukesh Ambani-led Reliance Industries, with an increase in market capitalisation of Rs 13 trillion between 2017 and 2022
 "Adani firms, RIL share honours in Motilal Oswal wealth-creation study")
Delhi HC summons Ashneer Grover, wife and kin over BharatPe's complaint
Fintech unicorn accuses them of fraud, claims Rs 88.67 crore
 "Delhi HC summons Ashneer Grover, wife and kin over BharatPe's complaint")
JSPL acquires Monnet Power for Rs 410 cr through insolvency process
Monnet Power has a 1050 MW under-construction plant in Odisha's Angul
 "JSPL acquires Monnet Power for Rs 410 cr through insolvency process")
Reliance General Insurance seeks Rs 600 crore from bankrupt parent
Profit-making subsidiary's request complicates matters for Reliance Capital's lenders that have to decide matter Friday
 "Reliance General Insurance seeks Rs 600 crore from bankrupt parent")