Page 2515 - Company News

Bajaj Group market cap hits $100 bn; fourth family-owned biz to hit mark

Many family business houses have seen a huge jump in their market cap in the past one year

Matrimony.com to buy wedding planning firm ShaadiSaga for Rs 11 cr

The deal will enable Matrimony.com to scale up its presence significantly in the North and West regions

Bisleri eyes major e-commerce headway amid the coronavirus pandemic

The company had launched its e-commerce portal 'Bisleri@Doorstep' last year providing access to the full range of its products.

1MG partners with B Medical Systems for Covid-19 vaccine cold chain setup

Under the deal, B Medical Systems will back 1MG's jab campaign across metros and Tier-1 cities; 1MG will also get access to ultra-low freezers and transport boxes for storage and transport of vaccines

Moglix acquires used machinery e-commerce firm Vendaxo for undisclosed sum

Move is a step towards creating a sustainable, capital-efficient manufacturing ecosystem; Moglix aims to provide access to high-value capital goods at economical prices to manufacturers

TCS Q1 preview: Analysts see up to 36% YoY PAT rise; operating margin eyed

India's second-most valuable company, in terms of market capitalisation, is expected to post a stellar show in the first quarter of the financial year 2021-22 (Q1FY22)

Fullerton India's acquisition value accretive for Sumitomo: Moody's

The substantial goodwill that the deal will generate will result in SMFG's Common Equity Tier-1 ratio declining by only around 22 basis points in fiscal 2021

R-Infra gets shareholders nod to raise Rs 550 cr via preferential allotment

Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis

JSPL announces over Rs 1 trillion investment in Odisha in next 10 years

Jindal Steel and Power Limited will invest over Rs 1 trillion in Odisha to create employment opportunities in the state, its Chairman Naveen Jindal has said

Vedanta's funding ops to improve on raising debt cap at subsidiary: S&P

Investors have been more receptive to debt issued via Twin Star than that from Vedanta Resources, a global miner

Samsung skips telecom PLI scheme; Ericsson participates through Jabil

South Korean electronics major Samsung has not applied for the production-linked incentive scheme for telecom gear manufacturing

NCLAT issues notices to lenders, Piramal on 63 Moons Technologies' plea

NCLAT on Tuesday issued notices to DHFL's lenders and its winning bidder Piramal Capital over a petition filed by 63 Moons Technologies challenging the resolution process of the debt-ridden firm.

Nasper-backed PayU in talks to acquire BillDesk for up to $4 billion

Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk

Centre moves SC seeking transfer of pleas challenging validity of IT rules

The petitions pending in the high court have challenged the new IT Rules intended to regulate social media firms

JLR warns of lower Q2 volumes, downgrades outlook due to chip shortage

Company sees semiconductor shortage deepening in the September quarter of the current financial year.

Sumitomo Mitsui Financial Group to acquire 74.9% stake in FICC for $ 2 bn

SMFG has plans to eventually acquire 100 per cent stake in FICC, which is a wholly-owned subsidiary of Fullerton Financial Holdings (FFH)

Roposo's owner Glance announces JV with Collective Artists Network

Glance Collective will be the first-of-its kind strategic alliance for global content creator and commerce platform

Tata Steel outlines Rs 10,000-12,000 cr annual India capex over next 5 yrs

As against a $1 billion annual debt reduction target, the company is likely to reduce gross debt by over $2 billion in FY22

150 year-old Allana Group invests $10 mn in Iron Pillar Fund II

The corpus would enable Iron Pillar portfolio companies to expand globally

Double-digit volumes to drive Q1 growth for Godrej Consumer, Marico

Margins, however, are expected to correct on a YoY basis