Page 2221 - Company News

REC raises $1,175 million from a consortium of seven banks

State-owned REC has raised USD 1,175 million from a consortium of seven banks.

JSW Infra raises $400 mn in maiden bond issue from international investors

Sajjan Jindal-led JSW Group's port development arm on Friday announced a USD 400 million fundraise through a bond issue from international investors.

Aditya Birla Fashion to buy 51% stake in House of Masaba for $12.14 million

ABFRL picked up a 51% stake in luxury wedding wear brand Sabyasachi in January last year, while Reliance Retail bought 52% of designer label Ritu Kumar in October

Tesla removes dates about Cybertruck production from its website

Elon Musk-owned electric vehicle company Tesla has reportedly removed the dates about Cybertruck production from its website.

Has IPO-bound travel tech major OYO regained trust of its hotel partners?

As OYO prepares for its public listing, the continued satisfaction of its hotel partners and winning back dissatisfied partners will play a key role in determining how its business performs.

Indian mobility tech startup EVage raises $28 mn from US-based VC firm

EVage on Friday said it has raised $28 million from US-based venture capital firm RedBlue Capital.

Amazon brand startup Thrasio to invest $500 for India e-commerce expansion

The company and its peers buy out small merchants and plan to use their retail expertise to turn the acquisitions into global brands.

S Korea's LG Energy Solution plans US battery JV with Honda: Report

The potential battery JV between LGES and Honda could cost as much as 4 trillion won ($3.4 billion) and have an annual production capacity of up to 40 gigawatt hours (GWh) of batteries

Longest drought for overseas equity offerings since liberalisation

No overseas equity capital market issues have been seen in the last three years

Tata Sons, Tata Investment Corporation to participate in TCS buyback offer

the TCS Board had approved an upto Rs 18000 crore buyback offer entailing 4 crore shares at Rs 4,500 apiece

5G will not boost ARPU at once, Voda Idea tells telecom regulator

VIL also pointed out that a similar trend was seen when Indian telcos shifted from 3G to 4G in FY 2016

Posco, Adani Group to invest up to $5 bn for green steel mills in India

Sign non-binding MoU; to explore setting up an integrated steel plant at Mundra

What happens if Vodafone Idea is unable to repay govt in four years?

The question of what happens if the telco is unable to repay the government in four years remains unanswered

Plastic pipe makers may underperform in near term on Omicron stress

Weak Q3, lower PVC prices, demand uncertainty are key concerns

45-odd Indian start-ups hold promise of entering unicorn club this year

SOONICORN STATUS: By 2025, India expects to add 95 new tech unicorns

Street upgrades earnings, target prices of TCS, Infosys

Upsides for Wipro is least among the three IT majors

Flipkart Group acquires electronics recommerce firm Yaantra for unknown sum

Incorporated in 2013, Yaantra is a leading brand that repairs and sells refurbished consumer tech products such as smartphones and laptops

Foundation PE buys Limited Partner stake in Prime Venture Partners' Fund 1

With this, Prime VP has delivered a healthy, top-decile return to its Limited Partners in 9th year of operation and has further extended the fund by four years

Steel firms expect higher offtake from auto in Q4 after weak show earlier

It isn't clear how soon the chip shortage will get sorted, but analysts expect a gradual easing of constraints. Over a two-year timeframe, strong growth is expected from CVs and PVs

Tesla isn't in India yet due to 'challenges with govt', says Elon Musk

Disagreements over a local factory and the country's import duties of as much as 100% have led to an impasse between the company and the administration.