Page 193 - Company News

Bata extends GST benefits to customers with 'Price Promise' initiative

Under the scheme, prices across Bata outlets reflect a 7 per cent reduction, with the company absorbing the differential to pass on immediate savings to buyers, the company said in a statement

Maple Highways in talks to raise about $200 million from Societe Generale

French bank Societe Generale SA and the borrower are working on documentation for the loan deal, said the people, who asked not to be identified because the information is private

SoftBank cuts Ola Electric stake to 15.68% after offloading 2.15%

SoftBank still holds 691.6 million shares in Ola Electric, making it the second largest shareholder in the company after founder Bhavish Aggarwal

Kaleidofin Capital raises $3 million in debt from Triodos for 3-year tenure

Kaleidofin Capital raised $3 million in debt from Triodos Investment Management to support informal sector enterprises including agriculture and dairy segments

Qcom platform FirstClub Technology raises $23 mn in series A funding

Quick commerce platform FirstClub raised $23 million in Series A led by Accel and RTP Global, valuing it at ₹1,050 crore, with plans to expand clubhouses and categories

Amazon completes Axio acquisition, secures direct lending license in India

The Reserve Bank of India cleared the deal in June, said Mahendra Nerurkar, Amazon's vice president for payments for emerging markets. The deal has been in the works since December

Eldorado Agritech files draft papers with Sebi, to raise ₹1,000 cr via IPO

The proposed IPO is a combination of a fresh issue of equity shares worth ₹340 crore and an offer for sale (OFS) of shares valued at ₹660 crore by promoters

Mother Dairy to pass on benefits of GST reduction to consumers: MD

The move would significantly boost the affordability and accessibility of value-added dairy products for consumers

Hinduja-backed IndusInd's new CEO Rajiv Anand seeks to cut risks in revamp

CEO Rajiv Anand has asked division heads to identify lapses in their businesses and submit improvement plans as part of a new three-year roadmap

Reliance Jio crosses 500 mn users at 9 years, unveils anniversary offers

Reliance Jio has completed nine years with 500 million users, making it the world's largest mobile data network, and announced year-long offers including unlimited data weekends and special plans

Small cars remain base, but SUVs can't be ignored: Maruti MD Takeuchi

Suzuki is transferring more export production from Japan to India, as the role of the latter continues to increase in the company's global strategy

Jio offers unlimited free data as it marks 9th year and 500 mn users

Reliance Jio has rolled out free unlimited data for all users with graded duration based on their existing plans, the company said on Wednesday.

Citibank names Kaustubh Kulkarni as co-head for investment banking in Apac

Citi has appointed Kaustubh Kulkarni, former JP Morgan India country officer, as co-head of investment banking for Asia Pacific, with his new role effective from December

JAL bidders to join challenge auction with ₹12,000 crore floor value

Lenders of Jaiprakash Associates have set Rs 12,000 crore as the minimum bid for a challenge auction on Friday, with five firms including Adani and Dalmia in contention

Reliance plans to raise $2 billion through asset-backed securities

For the asset backed deal, the securities will be issued by a trust and backed by a pool of loans tied to the conglomerate's infrastructure and telecom divisions, the people said

Urban Company sets price band at ₹98-103 per share for ₹1,900 cr IPO

Investors can apply for a minimum of 145 equity shares and in multiples thereof. A discount of Rs 9 per share is being offered to eligible employees applying under the employee reservation portion

­OpenAI plans to add safeguards to ChatGPT for teens, others in distress

Move came after a California teenager spent months on ChatGPT discussing plans to end his life

SBI sets Sep 5 as record date to exercise call option on Tier-II bonds

The bank has approval from the board of directors to raise up to Rs.20,000 crore through debt capital in 2025-2026 (FY26)

Arkade Developers to buy 3.54-acre Bhandup West land for ₹148 crore

Arkade Developers has signed an MoU to acquire Woollen and Textile Industries Ltd, giving it ownership of a 3.54-acre land parcel in Bhandup West for Rs 148 crore

Poly Medicure to buy 90% stake in Pendracare Group for ₹188.5 crore

The existing management of PendraCare will continue to lead the business and Sander Hartman, who will continue to hold 10 per cent non-voting shares in the group, will remain as the CEO