Page 2052 - Company News
S&P raises Adani Electricity Mumbai's outlook from 'Negative' to 'Stable'
IHC investment in parent Adani Transmission Ltd to improve leverage and credit quality
 "S&P raises Adani Electricity Mumbai's outlook from 'Negative' to 'Stable'")
Flipkart commits to increasing employability for the differently-abled
Signed agreement with dept under Ministry of Social Justice and Empowerment, and skill council focused on such people
 "Flipkart commits to increasing employability for the differently-abled")
TVS Motor Co signs deal with Rapido to strengthen hyperlocal mobility biz
By signing this MOU, TVS Motor and Rapido are bringing together their strength in mobility and seamless technology platform, respectively, to deliver a winning proposition to this demanding user base
 "TVS Motor Co signs deal with Rapido to strengthen hyperlocal mobility biz")
Budget of homebuyers becoming flexible, says M3M's Pankaj Bansal
Incidentally, NCR-Delhi has also replaced Bengaluru as the startup capital of India and the growing startup and unicorn community is also exploring the residential sector for investments
 "Budget of homebuyers becoming flexible, says M3M's Pankaj Bansal")
Gross leasing of warehousing space in 5 cities up 11% in Jan-Mar
Gross leasing of industrial and warehousing space rose 11 per cent across five major cities to 6.2 million square feet during January-March period
 "Gross leasing of warehousing space in 5 cities up 11% in Jan-Mar")
Eduvanz raises Rs 50 cr in debt round as credit disbursal doubles in FY22
Onboards Oxyzo and Unifi AIF as new lenders; existing lenders, Vivriti and MAS, take incremental exposure
 "Eduvanz raises Rs 50 cr in debt round as credit disbursal doubles in FY22")
Agritech startup raises Rs 29 cr from investors for growth and expansion
Poshn said in a statement that it has "raised Rs 28.8 crore in seed funding, led by Prime Venture Partners and participation from Zephyr Peacock"
 "Agritech startup raises Rs 29 cr from investors for growth and expansion")
Startup TeaMonk raises about Rs 4 cr from investors to expand business
The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said in a statement
 "Startup TeaMonk raises about Rs 4 cr from investors to expand business")
Veranda Learning Solutions IPO subscribed 74% on first day of offer
The initial public offering of Veranda Learning Solutions Limited received 74 per cent subscription on the first day on Tuesday
 "Veranda Learning Solutions IPO subscribed 74% on first day of offer")
Debutant Veranda Learning closes at Rs 160 on BSE, Rs 131 on NSE
The 20-per-cent divergence in the first day closing price exposed the chinks in the price discovery process, especially for smaller companies
 "Debutant Veranda Learning closes at Rs 160 on BSE, Rs 131 on NSE")
Small Indian towns overtaking big cities on EV ride, shows report
Top three e2W consuming states saw towns with sub-million population accounting for majority of sales--56% in Maharashtra, 75% in Karnataka and 78% in Tamil Nadu
 "Small Indian towns overtaking big cities on EV ride, shows report")
ONGC struggling to move Russian oil to Asia as sanctions bite: Report
Several Indian companies including ONGC have stakes in Russian oil and gas assets, and India has been buying more Russian crude since Moscow invaded Ukraine
 "ONGC struggling to move Russian oil to Asia as sanctions bite: Report")
Mondelez tops quarterly sales estimates powered by higher prices and demand
Mondelez Inc beat Wall Street estimates for quarterly revenue, as higher prices and sustained demand for the chocolates and snacks helped it overcome a hit to business from supply chain hurdles.
 "Mondelez tops quarterly sales estimates powered by higher prices and demand")
Top headlines: LIC IPO, India Inc capex push, PLI round 2, and more
Here are the top headlines on Wednesday morning
 "Top headlines: LIC IPO, India Inc capex push, PLI round 2, and more")
New reporting requirements for companies put onus on auditors
Auditors to certify that transactions are not violative of PMLA/FEMA rules, according to ICAI guidelines
 "New reporting requirements for companies put onus on auditors")
ED searches 26 locations in ABG Shipyard money laundering case
Surat-based ABG Shipyard and its former promoters are accused of duping a consortium of 28 banks to the tune of Rs 22,842 crore
 "ED searches 26 locations in ABG Shipyard money laundering case")
Nasscom appoints Krishnan Ramanujam as Chairperson for 2022-23
Krishnan was the Vice Chairperson of the body. He succeeds Accenture's Senior Managing Director in India Rekha M Menon, who had served as the Chairperson for 2021-22.
 "Nasscom appoints Krishnan Ramanujam as Chairperson for 2022-23")
Shareholders, creditors approve Jindal Stainless Steel-JSHL merger
Having a total melting capacity of 0.8 million tonne per annum (MTPA), the Hisar-based JSHL is the largest specialty stainless steel producer in India with a diversified value-added product portfolio
 "Shareholders, creditors approve Jindal Stainless Steel-JSHL merger")
Porsche sales in India rise 22% to 188 units in January-March quarter
The brand's SUV range comprising Cayenne and Macan continue their success in India and remain the most sold models in the range, the company said in a statement.
 "Porsche sales in India rise 22% to 188 units in January-March quarter")
S&P lowers ratings for Future Retail overseas bonds to 'highly vulnerable'
About Rs 100 crore cash, cash equivalents already eroded
 "S&P lowers ratings for Future Retail overseas bonds to 'highly vulnerable'")