Page 2494 - Company News

Trifecta Capital announces first close of late-stage venture capital fund

Existing investors of Trifecta Capital's venture debt funds have also made significant investments in this fund

DLF's Q1 sales bookings jump nearly 7-fold to Rs 1,014 cr despite Covid-19

DLF Ltd's sales bookings jumped nearly 7-fold year-on-year to Rs 1,014 crore during the April-June quarter of this fiscal, on strong demand for its independent floors and luxury homes in Gurugram

ShareChat raises $145 mn from Temasek, others at near $3 bn valuation

The funding signals growing fascination for Indian content-sharing and short-video apps.

Cashify acquires UniShop to empower mobile retailers across India

Re-commerce marketplace Cashify on Tuesday said it has acquired UniShop, an omnichannel retail solution platform, for an undisclosed sum

Beauty brand MyGlamm raises Rs 355 crore in funding from Accel, others

MyGlamm on Tuesday said it has raised Rs 355 crore in fresh funding from Accel, along with participation from existing investors, taking the total funds raised in this round to Rs 530 crore

Tata group continues to battle legacy issues; TCS remains prime cash cow

Ex-TCS, group posted net loss for the third straight year in FY21

Aptus Value Housing, CarTrade, 4 others get Sebi's go-ahead to float IPO

As many as six companies including Aptus Value Housing Finance, CarTrade Tech, and Supriya Lifescience have received capital markets regulator Sebi's go-ahead to float initial share-sales.

Sequential improvement in Q1 suggests investors can swipe for SBI Cards

Unless there is a strong third Covid wave, expect key financial parameters to improve

No new debt scheme till SAT decides our plea, Franklin Templeton tells SC

Franklin Templeton Asset Management told the Supreme Court on Monday that it will not launch any new debt scheme till SAT decides its appeal against market regulator Sebi's order

Gradual tweaks to LIC surplus payouts likely; Finmin exploring a glide path

Finmin exploring a glide path; considering the interests of both policyholders and future shareholders

M&M Finance suffers huge Q1 loss at Rs 1,529 cr on sharp rise in provisions

Makes expected credit loss provision of Rs 2,124 cr

SBI Life net profit drop 43% YoY in June due to higher Covid provisions

The insurer's claims rose 1.28x by volume from FY21 to Q1FY22. In Q1, it has settled 8,956 covid claims, amounting to Rs 570 crore

Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore

The top-up was led by marquee global venture capital firm Accel along with existing investors

Mamata govt contacted me soon after returning to power: Anil Agarwal

Vedanta chairman Anil Agarwal on Monday said the Mamata Banerjee government had contacted him within a fortnight of her party's return to power for investments in West Bengal

Equitas Holdings, Equitas SFB get board, shareholders nod for amalgamation

The board of directors and shareholders of Equitas Holdings Ltd (EHL) and Equitas Small Finance Bank (ESFB) on Monday approved the amalgamation scheme of the two companies.

Biocon partners Adagio for licence to make Covid-19 antibody cocktail

Treatment claims to address the resistant Delta variant as well

Vedanta consolidated Q1 PAT up four-fold at Rs 4,224 cr on revenue spike

Top line up 79% YoY at Rs 28,105 cr; lower base also spurs annual surge in bottomline

e-Nexon to contribute 5% of company's PV sales soon: Tata Motors CFO

Firm plans to launch 10 electric vehicles by 2025, N Chandrasekaran, chairman, Tata Motors said in a letter to shareholders

L&T Q1 consolidated net surges four-fold at Rs 1,174 cr on higher revenue

The company's topline in the period under review stood at Rs 29,334.73 crore, up 38% from the same period last year

DLF reports Q1 PAT of Rs 337 crore versus Rs 72 cr loss a year ago

At the end of June, its net debt shrank to Rs 4,745 crore from Rs 5,267 crore in March-end