Page 2098 - Company News

VC firm HealthQuad announces close of second fund for young companies

The second fund of HealthQuad closed with a total subscription of $162 million: more than twice its target size at launch

Fully cooperating with ongoing CCI investigation, says Apollo Tyres

CCI officials visited the offices of Apollo Tyres on Wednesday.

ADB and HSBC India establish $ 100 mn guarantee plan for microcredit

ADB and HSBC programme will help women running small businesses and microfinance institutions lending after the pandemic.

Macquarie Group considers sale of toll-road assets in India: Report

Macquarie Group Ltd.'s asset management arm is exploring a sale of toll-road assets in India as the Australian company seeks to monetize some of its early bets in Asia's third-largest economy

Two top IndiGo's executives quit in 2 days as Rahul Bhatia is named MD

IndiGo's Chief Commercial Officer Willy Boulter said he will resign after July, just a day after CFO Jiten Chopra quit the biggest budget airline in Asia by market value

DVC, NTPC establish joint venture for renewable power projects

DVC will hold 49 per cent and NTPC Renewable will hold 51 per cent in the JV

Cricket Australia exploring broadcasting partnership with Reliance Viacom

The meeting is crucial as Reliance Viacom is likely to launch their Sports Channel in the next month

Tata subsidiary joins insurance consortium to provide cover to Air India

Tata AIG will be part of the $12-billion insurance package for A-I

iPhone production under PLI scheme may hit Rs 25,000 crore in FY23

Apple vendors pledge 3x rise in manufacturing over FY22

As biz expands, rail major Wabtec eyes exports from its Indian mfg hubs

The global rail major, a third of whose global engineering team is in India, is looking at opportunities in components, digital solutions, track maintenance and electrification

Safety flags raised after three electric scooters catch fire in a week

EVPure, Ola S1 and Okinawa vehicles go up in flames; government sets up committee for investigation.

India a strategic partner for Salesforce, says Co-CEO Bret Taylor

Points out that company's financial services cloud products have been totaly developed at its Hyderabad office

Jio, Vodafone lose subscribers, Airtel gains in Jan, shows Trai data

Mobile companies took a 20% tariff hike in prepaid plans towards November-end, which has resulted in consolidation of SIM cards

TPG subscribes to 37.5 mn shares in Tata Passenger Electric Mobility

This is for an aggregate consideration of Rs 3,750 crore as the first tranche of the potential investment aggregating Rs 7,500 crore, announced by the company in October 2021

CCI conducts raids on offices of Apollo Tyres, Ceat, Continental

One of the sources said the case was related to an antitrust investigation into the use of unfair trade practices and rigging of bids while supplying tyres for public transport vehicles in Haryana

Pharma SMEs stock up on a month's raw material amid supply disruptions

The lockdown in various Chinese provinces, including Shanghai, is likely to delay shipments by two weeks to a month, said domestic players.

Group buying start-up Citymall raises $75 mn in Series C funding round

It is the company's third fundraise in 18 months, bringing the total capital raised to $110 million.

ONGC OFS subscribed 1.6 times; will be open to retail investors on Thursday

Unsubscribed shares in retail category, if any, will be allotted to non-retail investors

Citi deal can perk up Axis Bank's prospects, but there are challenges too

Cheaper-than-expected valuation for the above-average customer franchise is positive; extracting synergies, smooth integration among key challenges

'Paytm got customers by way of cashbacks, not by rendering services'

Puri said unlike a bank, which books revenues for offering its services and reports profit, Paytm has garnered its millions of customers by offering cashbacks