Page 1933 - Company News
PepsiCo's India revenue & volume grew in double-digits in 3 mths to June 11
PepsiCo India has also been gaining market share in India since the start of 2022.
 "PepsiCo's India revenue & volume grew in double-digits in 3 mths to June 11")
Realty firm Signature Global files Rs 1,000-cr IPO papers with Sebi
The company proposes to utilise the net proceeds from the fresh issue towards payment of the debt, inorganic growth through land acquisitions and general corporate purposes
 "Realty firm Signature Global files Rs 1,000-cr IPO papers with Sebi")
Muted near-term iron prices likely to keep NMDC stock under pressure
Other triggers such as demerger/listing of steel plant unlikely this year
 "Muted near-term iron prices likely to keep NMDC stock under pressure")
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
 "Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia")
Jubilant Pharma arm to raise $400 mn from Standard Chartered to repay debt
While the term loan and bonds aggregate to USD 350 million, about Rs 2,787 crore, the company is raising another tranche of USD 50 million (about Rs 400 crore) for capital expenditure.
 "Jubilant Pharma arm to raise $400 mn from Standard Chartered to repay debt")
Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis
The SoftBank-backed company expects to turn cash-flow positive in three quarters and highlighted that it has more than 60,000 scooters on the road, according to a Kotak Institutional equities report
 "Ola Electric lays out vision; plans to launch motorcycles, SUVs, robotaxis")
Dabur India acquires entire stake in Asian Consumer Care from JV partner
Dabur held 76 per cent stake in the firm before acquisition through its subsidiary Dabur International, while the remaining 24 per cent was held by Advanced Chemical Industries, the company said.
 "Dabur India acquires entire stake in Asian Consumer Care from JV partner")
JSW Energy subsidiary gets order for 300 MW wind capacity from Solar Energy
The company bagged the project in a tariff-based competitive bids invited by SECI for setting up of 1,200 MW ISTS-connected wind power projects (Tranche - XII), it said.
 "JSW Energy subsidiary gets order for 300 MW wind capacity from Solar Energy")
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
As part of the acquisition strategy, upGrad Rekrut, a 100 per cent subsidiary of upGrad, has acquired Wolves India, a recruitment and staffing firm, for an undisclosed amount
 "Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia")
Infosys to acquire Denmark-based BASE life science for Rs 875 crore
The acquisition will deepen Infosys' expertise in life sciences domain as well as strengthen its footprint across Europe.
 "Infosys to acquire Denmark-based BASE life science for Rs 875 crore")
HDFC to raise up to Rs 5k cr this week via bonds on a pvt placement basis
The secured redeemable non-convertible debentures (NCDs) will bear interest rate at 7.77 per cent, payable annually and has a tenor of 4 years 11 months and 10 days, HDFC said in a regulatory filing.
 "HDFC to raise up to Rs 5k cr this week via bonds on a pvt placement basis")
Twitter shares rise over 6% after Hindenburg takes long position
Twitter has sued Musk for violating his $44-bn deal and asked a Delaware court to order him to complete the merger at the agreed $54.20 per Twitter share
 "Twitter shares rise over 6% after Hindenburg takes long position")
Somany Ceramics aims 27% growth in turnover at Rs 2,700 cr this fiscal
The industry is passing through a "bad phase" due to rise in natural gas prices, a company official said on Wednesday.
 "Somany Ceramics aims 27% growth in turnover at Rs 2,700 cr this fiscal")
Mindtree starts FY23 with strong growth and record order book: CEO
"We are excited to report a strong start to FY23 with robust revenue growth, solid margin, and a record order book, demonstrating our continued industry-leading growth momentum," said Mindtree CEO.
 "Mindtree starts FY23 with strong growth and record order book: CEO")
Agnikul launches India's first rocket facility for 3D-printed engines
Unit has been designed to make two rocket engines a week
 "Agnikul launches India's first rocket facility for 3D-printed engines")
Twitter shares still reflect hope $44-bn deal with Musk gets done
While Twitter plunged further below Musk's $54.20 bid this week, the shares are still pricing in the possibility that the two sides can agree on a transaction at a lower price
Passenger vehicle dispatches rise 19% in June as chip supply improves: SIAM
As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle dispatches to dealers stood at 2,75,788 units last month against 2,31,633 units in June 2021
 "Passenger vehicle dispatches rise 19% in June as chip supply improves: SIAM")
'More women in India seeking entrepreneurial opportunities compared to men'
According to LinkedIn data, published in the World Economic Forum's 2022 Global Gender Gap report, the share of women founders grew 2.68 times between 2016 and 2021
 "'More women in India seeking entrepreneurial opportunities compared to men'")
Adani Ports handle 100 mmt cargo in 99 days, expects 60% growth by 2025
Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest integrated transport utility, has clocked a cargo throughput of 100 MMT in the first 99 days of FY23
 "Adani Ports handle 100 mmt cargo in 99 days, expects 60% growth by 2025")
Adani, Ambani are driving force of India's M&A activity, says Barclays
However, deal activity in India is going to slow down as investors have turned more cautious with rising interest rates and a falling rupee, says head of investment banking for India at Barclays
 "Adani, Ambani are driving force of India's M&A activity, says Barclays")