Page 2229 - Company News

DMI Finance raises $47 mn in equity investment from Sumitomo Mitsui, others

DMI Finance, lender since 2009, is the non-banking financial company of the DMI Group

Waste management-focused Recykal raises $22 mn from Morgan Stanley, others

Waste management-focused startup Recykal on Tuesday announced a USD 22 million (around Rs 162.58 crore) fund raise led by Morgan Stanley India.

Hyundai Motor, Boston Dynamic declare to create better life via robotics

"We will lead the robotics technology to create a better life for customers and ourselves."

How Amazon-Reliance battle for retail supremacy became a legal jungle

For more than a year, Amazon.com Inc and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4 billion sale of assets

Japan's Mizuho to acquire US private equity agent Capstone: Report

Mizuho Financial Group plans to acquire US private equity placement agent Capstone Partners, a person familiar with the matter said

Singapore Airlines aims to raise $500-$750 mn in US bonds deal: Report

Singapore Airlines is aiming to raise $500 million to $750 million in a US dollar bond deal, according to two sources

Govt to own 35.8% in Vodafone Idea after converting dues, says company

This will result in dilution for all the existing shareholders of the company, including the founders

Facebook parent Meta delays office reopening, mandates booster shots

All workers returning to office will have to present proof of their booster jabs, while the company closely monitors the Omicron variant situation.

Airbus says deliveries of new airline jets are nosing higher

The company said it ended last year with a backlog of 7,082 aircraft on order

Short and sweet: Indian TikTok clones on a roll, attract 240 mn users

Taka Tak, Moj, and others gain big from the void left by the ban on Chinese app

Blackstone exits Mindspace Business Parks REIT; sells stake for Rs 1,740 cr

The REIT owns quality office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad, and Chennai

Trinity Alternative says no illicit transactions with Srei Group entities

On October 4, 2021, the Reserve Bank of India (RBI) superseded the boards of the group firms -- Srei Infra Finance and Srei Equipment Finance

Brookfield-backed IndoStar Capital Finance eyes 800 branches in four years

The non-banking financial company (NBFC) expects to grow loan book 4-5 times and also enter financing of used cars and tractors as part of its medium-term strategy

Let's target to create 75 more unicorns by 2022-end: Piyush Goyal

The minister called upon stakeholders in the innovation ecosystem to strive to take India to the top 25 in the Global Innovation Index

Govt set to allow 20% foreign direct investment in LIC ahead of listing

DFS, Dipam and DPIIT have finalised the change in FDI policy

Vistara fleet crosses 50 aircraft; 12 planes added in last 21 months

Vistara, which completed seven years of its operations on January 9, said on Monday its fleet has crossed 50 aircraft with over 12 planes added in the last 21 months alone despite pandemic challenges

Project pipeline to keep revenue trajectory strong for Oberoi Realty

Robust sales traction in Q3 helped bring down high levels of inventory

US-based trust files suit against Fortis, others; seeks $6.5 bn in damages

Fortis Healthcare on Monday said a US-based entity has filed a suit against it and various others, including IHH Healthcare Berhad

South Korea's SsangYong Motor sold for $255 mn to local consortium

SsangYong has been under court receivership since April in an attempt to rehabilitate the carmaker after majority owner M&M failed to secure a buyer

Construction major HCC defaults on debt worth Rs 2,161 crore

Company has total dues of Rs 9,727 crore, Rs 4,091 crore of them to Indian banks