Page 2398 - Company News
B2B SaaS-focused VC firm Pentathlon announces final close of first fund
Pentathlon plans to invest in over 20 B2B SaaS startups in a year and make investments of between Rs 75 lakh and Rs 3 crore on an averag
 "B2B SaaS-focused VC firm Pentathlon announces final close of first fund")
Mphasis acquires US-based Blink UX for $94 mn in an all cash deal
Founded in 2000, Blink has over two decades of expertise using its evidence-driven Design SM process to define digital user experience for clients
 "Mphasis acquires US-based Blink UX for $94 mn in an all cash deal")
Connected consumers in India likely to spend 42% more than last yr: InMobi
Almost 68% of the respondents plan to shop online this festive season, with 43% of Indians increasing their online shopping budgets this year
 "Connected consumers in India likely to spend 42% more than last yr: InMobi")
India must end petrol two-wheelers by 2027: e-scooter firm Hero Electric
"2027 would be a good time for new sales to be 100% electric," Naveen Munjal, managing director of Hero Electric Vehicles Pvt., said in an interview
 "India must end petrol two-wheelers by 2027: e-scooter firm Hero Electric")
Godrej Properties achieves highest single day sales at launch of Noida proj
Godrej Properties said it sold 340 homes with an area of more than half a million square feet on the first day of launch, making it one of the most successful launches in the country in recent times
 "Godrej Properties achieves highest single day sales at launch of Noida proj")
Australia's Zip enters Indian buy-now-pay-later space with ZestMoney deal
Australian buy-now-pay-later firm Zip Co Ltd said it would invest $50 million to acquire a minority interest in Indian peer, ZestMoney, as part of its plans to tap new growth markets and add investors
 "Australia's Zip enters Indian buy-now-pay-later space with ZestMoney deal")
In legal fight with Lodha family, MP Birla firms set for showdown at AGMs
Punjab Produce Trading Co (PPTCL), a promoter entity, has proposed Satish Pradhan's name as a director in place of Harsh Vardhan Lodha, who is also in race in Birla Cable board
 "In legal fight with Lodha family, MP Birla firms set for showdown at AGMs")
AAI to exit JV airports soon, process to start with Bengaluru, Hyderabad
According to reports the aviation ministry has already moved a Cabinet note seeking an approval to divest AAI's stake
 "AAI to exit JV airports soon, process to start with Bengaluru, Hyderabad")
Macleods Pharmaceuticals picks banks for $1-billion offering
The Mumbai-based company is planning to file its initial draft prospectus by January and is targeting a listing as soon as next year, the people said
 "Macleods Pharmaceuticals picks banks for $1-billion offering")
Ahead of IPO, Paytm employees add 545,000 more shares for monetisation
Last week, Paytm gave time till September 22 to employees to convert their ESOPs into shares for monetisation in the upcoming IPO
 "Ahead of IPO, Paytm employees add 545,000 more shares for monetisation")
Carlyle sells 3.4% stake in SBI Cards in two separate block deals
As per NSE information, the two tranches of 16 million shares each got executed at around Rs 1,021 apiece
 "Carlyle sells 3.4% stake in SBI Cards in two separate block deals")
No fresh equity to be infused in cash-strapped Voda Idea: Vodafone
The telecom package is expected to reduce its cash flow for the next four years of the moratorium by around Rs 1.1 trillion
 "No fresh equity to be infused in cash-strapped Voda Idea: Vodafone")
Strong growth rates expected to drive Abbott India's outperformance
New launches, power brands, digital initiatives to keep it ahead of peers
 "Strong growth rates expected to drive Abbott India's outperformance")
Strong valuations, sector package to sustain rally in Indus Towers
Stake sale by telcos, higher ESG ranking, capex rollout other triggers
 "Strong valuations, sector package to sustain rally in Indus Towers")
Chinese firms haven't invested in India's highway projects: Gadkari
Union minister Nitin Gadkari has said that Chinese companies have not made investments in highway projects in India in recent times.
 "Chinese firms haven't invested in India's highway projects: Gadkari")
Amazon spends $1.2 bn in legal expenses during 2018-20 for India presence
US e-commerce giant Amazon spent a staggering Rs 8,546 crore or USD 1.2 billion in legal expenses for maintaining a presence in the country during 2018-20, sources said.
 "Amazon spends $1.2 bn in legal expenses during 2018-20 for India presence")
Bharti, Reliance Jio tooled up for indigenous 5G network trials
The move is significant because building indigenous network capabilities will go a long way in making India in a key player in the 5G Open RAN network arena
 "Bharti, Reliance Jio tooled up for indigenous 5G network trials")
Haldia Petrochemicals eyes $30-billion expansion, may hit Street
To set up 3 units in TN, Andhra, Odisha; TCG also considering strategic partner
 "Haldia Petrochemicals eyes $30-billion expansion, may hit Street")
ASCI launches 'Advertising Advice' for brands to check code violation
Expert panel to offer non-binding advice, for a fee, at pre-production stage on advertising claims and depictions
 "ASCI launches 'Advertising Advice' for brands to check code violation")
71% Amazon sellers expect recovery of business during festive season: Study
98% sellers say tech adoption has helped their business, according to a survey by Amazon to gauge expectations of SMBs selling on its India marketplace