Page 2205 - Company News

Farm tech platform DeHaat acquires agri-input marketplace Helicrofter

Deal value not disclosed. Helicrofter has over 2000 agri-input retailers and 30 sellers across Maharashtra.

Despite pandemic, hospital chains set for revenue, margin growth in FY22

Despite the third wave hitting elective surgeries and infecting a large number of medical personnel, hospitals are expected to close the current fiscal with robust revenue and margin growth

Price hike to help FMCG cos post higher revenues in Q3, volumes may get hit

Volumes estimated to remain weak; gross margins under pressure due to high raw material costs

UltraTech Q3 net up 7.8% YoY at Rs 1,708 cr on tax credits, better sales

As per Bloomberg estimates, the company's top line was seen at Rs 12,985 crore, while the bottom line was expected to be at Rs 1,494 crore in quarter ended December

Tech Mahindra taps into insurance biz with acquisition of Com Tec Co IT

Deal struck at €310 mn; also invests 310 mn; €25 mn in acquiring 50% stake in SWFT & Surance

Exide Life appoints Sanjay Vij as Executive Director and Principal Officer

Exide Industries now holds 4.1 per cent stake in HDFC Life

Prestige Estates Q3 sales bookings jump over 2-fold to record Rs 4,268 cr

The group has completed 255 projects with developable area of 144 million square feet and has 47 ongoing projects across segments, with total developable area of 58 million square feet

Securitisation volume growth slows to 8% in December quarter: Report

The cumulative value of deals executed in the first nine months of this fiscal stood at approximately Rs 80,000 crore

Cholamandalam Investment to acquire 72% stake in Payswiff for Rs 450 cr

The company, an NBFC, is part of the Murugappa Group

Sri Lanka to hold talks with Indian Oil to tide over energy crisis

Power Minister Gamini Lokuge said that the talks with the Indian Oil Corporation's local entity would be held for a solution to the fuel crisis

Paytm Payments Bank issues over 450,000 FASTags in December

Paytm Payments Bank Ltd (PPBL) claims to have led the market in the FASTag segment with 28.2 per cent market share

IRFC garners $500 mn through green offshore bonds; lists bonds at GIFT City

The bonds issuance is part of the USD 7 billion Global Medium Term Note (GMTN) Programme, IRFC said

UltraTech Cement shares jump nearly 3 pc after earnings announcement

The stock gained 2.78 per cent to settle at Rs 7,867.90 on BSE

Dhoot Transmission enters health, wellness space with Burge Electronics

It launched a slew of health and wellness products under the label of Burge Electronics

Billions of people still not on internet; affordability key: Sunil Mittal

He was speaking at a panel discussion on technology cooperation in the fourth industrial revolution at the World Economic Forum's online Davos Agenda 2022 summit

Govt reaps over Rs 6,600 crore as dividend from dozen Central PSEs

The government has received about Rs 6,600 crore as dividend tranches from a dozen Central Public Sector Enterprises (CPSEs), including GAIL, NMDC and Power Grid

Tech Mahindra acquires 100% stake in European firm CTC for Rs 2,600 cr

Tech Mahindra said that it has acquired Com Tec Co IT for 310 million euros

Flipkart launches Leap Ahead and Leap Innovation Network startup programmes

Designed to cater to startup needs across stages, the two programmes will support enterprises through insights, mentorship and funding, and helping them scale and build disruptive innovations

Commodity price hike hit company, unable to fully pass on to consumers: M&M

Firm will move first to alternative fuels before migrating to EVs, says top company exec

Top headlines: India's billionaire count now 142; Punjab polls rescheduled

Business Standard brings you the top headlines on Monday