Page 2285 - Company News

DD Freedish reaches India's 40 mn TV homes; South gains maximum 'Pay DTH'

State broadcaster Prasar Bharati's free DTH brand is now at just over half of all pay DTH homes

Greenlam to invest Rs 950 cr on new plant for plywood, particleboard biz

The investments in the new laminate plant and particleboard will be done by Greenlam South Ltd

Vodafone-Idea ties up with Hungama to roll out music streaming service

Move to drive digital adoption and monetisation

Mensa Brands acquires online kidswear firm LilPicks for unknown sum

Founded in 2017, LilPicks has grown rapidly over the past four years and offers trendy, quality, designer, and affordable clothing, and accessories for children

Dialysis network NephroPlus raises $24 mn to expand in India, abroad

Series E round was round led by IIFL Asset Management, with support from existing investors InvestCorp and Bessemer Venture Partners

Fitch lowers outlook on ReNew Power rating to Stable on slower deleveraging

The firm's capex was expected to be below company's estimates given the continuing Covid-related challenges, including delays in signing new PPAs, the rating agency said

Hindustan Syringes gets nod to restart production in partial reprieve

Haryana's Commission for Air Quality Management allows it to run only eight hours a day on weekdays, and not at all on weekends

Amazon-backed More Retail considering IPO to raise up to $500 mn: Report

Witzig Advisory Services Pvt, owned by Amazon and Samara Capital Partners, acquired More Retail in 2019 from Kumar Mangalam Birla's Aditya Birla Group

Insurance Gazette: What lies ahead of insurers in post-pandemic world

Having emerged from the pandemic largely unscathed, the sector is set to benefit from an unprecedented pick-up in demand. Where it goes from here, however, depends on its ability to innovate

Worldline partners with major card networks to launch tokenisation solution

Worldline said that it has developed a fully interoperable plug-and-play solution to enable card on file tokenisation using single integration

Insurance Gazette: Some discipline is needed in the healthcare ecosystem

Industry leaders speak about the learnings over the past year and the opportunities for progress that the pandemic has provided

BNP Paribas says Sensex to be at 62,000 by 2022-end despite steep valuation

The issue of valuations has divided the analyst community with some saying there is more room to grow, while others have expressed fears to re-rate Indian equities

Fabric-maker Raymond to raise Rs 100 cr through non-convertible debentures

The company's board is meeting on December 17 to consider and approve the NCDs

Vedanta withdraws cases against govt to settle retro tax dispute

Vedanta had challenged the demand for taxes at two forums -- Income Tax Appellate Tribunal and Delhi HC while its parent Vedanta Resources challenged the move before a Singapore arbitration tribunal

PepsiCo India enters Rs 1,000 cr thin wafer market with Lay's Wafer Style

Lay's Wafer Style will be available in three flavours across various price points; will be launched across all channels of distribution

Managed services firm Prodapt buys UK-based SLR Dynamics for unknown sum

SLR Dynamics counts leading European and African telcos as customers. This is Prodapt's second acquisition this year following its purchase of Silicon Valley-based Innovative Logic in August

Flipkart bets on Ninjacart to take on Amazon, JioMart in grocery biz

The $145 million investment has almost doubled valuation of Bengaluru-based Ninjacart from $500 million last year to about $900 million and the firm is approaching unicorn status

Greenlam shares gain after board approves 5-for-1 stock split

Separately, the company informed that the board of its wholly-owned subsidiary Greenlam South has approved setting up a greenfield project for manufacturing of Particle Board at Nellore

NODWIN Gaming picks up 10% stake in digital content network Rusk Media

Nazara Technologies on Monday said its subsidiary NODWIN Gaming has acquired a strategic 10 per cent stake in digital content IP media network, Rusk Media.

SC seeks response of Centre, Uber, Zomato on plea for gig workers' benefits

The plea by Indian Federation of App-Based Transport Workers has sought formulation of welfare schemes like health insurance, maternity benefits, pension, old age assistance, disability allowance