Page 2291 - Company News

D2C footwear brand Neeman's raises Rs 7 cr in debt from Stride Ventures

The sustainable footwear brand was founded two and a half years back and has sold 250,000 pairs of footwear since then.

Grab's Nasdaq debut to set tone for Southeast Asian tech listings

Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut after a record $40 billion merger with a special purpose acquisition company (SPAC)

China's Weibo plans to raise $385 mn from Hong Kong secondary listing

Chinese social media firm Weibo Corp plans to price its shares at HK$272.8 ($35.01) each to raise $385 million in its Hong Kong secondary listing

At Rs 2.15 crore, IIT Roorkee bags highest international salary

IIT Roorkee scored with highest domestic offers for three students: ranging from Rs 1.30 cr to Rs 1.80 cr, with 11 students getting a Rs 1 cr-plus salary package

NHAI suffers toll loss of Rs 2,731 crore due to farmers protest

Replying to a written question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said the protest started affecting toll collection from October 2020

Pfizer begins application for Canada's approval of Covid-19 pill

The country has identified seven people with the new variant as of Nov. 30.

Hospitality SaaS company Rategain aims to mop up Rs 1,300 cr via IPO

Hopes to regain pre-Covid level of $60 million ARR in FY22

Raymond's board approves JK Files & Engineering's Rs 800-crore IPO

The company's shareholding in JKFEL will stand reduced by such number of shares as may be tendered for sale in the OFS

Correction in ICICI, Axis Bank stocks can be a long-term opportunity

The two lenders posted strong performance in Q2, and analysts' target prices indicate upside of at least 35-40%

Cred to acquire expense management start-up Happay at $180 mn valuation

Happay is a business expense, payments and travel management platform serving over 6,000 businesses

Sumitomo Mitsui completes acquisition of 74.9% stake in Fullerton India

Fullerton India's management team will continue to operate under the leadership of current Managing Director and Chief Executive Shantanu Mitra, the company said

Reliance Power defaults on interest payment to IDBI and DBS banks

Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore

Promoter stake in ADA group firms falls as lenders invoke pledged shares

Retail, lenders stuck with dud shares; promoter stake in Reliance Infra fell to 5% this September end from 48.4% in March 2018. Reliance Infra's stake in Reliance Power fell to 25% from 75%

Nykaa looks to triple store count in retail expansion: CEO Falguni Nayar

Falguni Nayar declined to give a timeline for the rollout but said the company was targeting 100 cities.

Birla Estates to invest Rs 5,500 cr to build luxury housing project: CEO

The company plans to develop 2.5 million square feet of housing, one million square feet of office buildings and 1,00,000 square feet of high street retail

US fund TFCC to buy 46% stake in Chennai's Ramcharan for $4 billion

According to the company's official website, Ramcharan's registered office is at Dover City in Kent County

Swiggy valued at $10.5 billion in $700-million Invesco-led round

Valuation has doubled since it was valued at $5.5 billion in April

Maruti Suzuki India reports 3% production dip in November

The auto major reported total production of 1,45,560 units in November compared to 1,50,221 units in November 2020

HMSI posts 35 pc decline in two-wheeler sales to 2,80,381 units for Nov

The Indian arm of the Japanese two-wheeler had sold a total 4,33,207 units, including exports, in November 2020, the company said

Technology firm Genesys to prepare 3D map of India's top-100 cities

Genesys Chairman and Managing Director Sajid Malik said the company has the capacity to finish the project for 100 cities within 18 months