Page 2730 - Company News

ReNew Power prices its green bonds at 4 per cent, say sources

The company raised the bonds through an orphan special purpose vehicle route, in which a foreign portfolio investor raised the bonds to invest in rupee equivalent bonds by ReNew Power

Unicorn VerSe Innovation raises another $100 mn from global investors

The DailyHunt and Josh parent is now valued at $1.1 billion

Expansion remains priority, await direction from SC on Fortis plea: IHH

The group had acquired a 31 per cent controlling stake in Fortis in 2018, which triggered a mandatory open offer to acquire another 26 per cent of Fortis shares from the market

SoftBank-backed Grofers' revenue doubles to Rs 177 cr, loss widens by 42%

The company's total expenses for the fiscal were reported as Rs 814 crore

HCL Tech's one-time Rs 700 cr bonus for staff on crossing $10 bn revenue

Applies to employees who have spent a year with HCL; a large number of visas unused due to Covid

Jindal Stainless chalks out Rs 2,000-3,000 cr capex plan for next 2-3 yrs

Currently, Jindal Stainless' Odisha plant has a capacity of 1.1 million tonnes, while its Hisar plant is a 0.8 million tonne specialised product division

PE firm Advent International acquires 51% stake in ZCL Chemicals

ZCL is one of the fastest-growing manufacturers of specialty active pharmaceutical ingredients (APIs) and advanced intermediates

InMobi's revenue grew 12% to Rs 432 crore, losses up 41% to Rs 77 crore

The company's total expenses for the fiscal were reported as Rs 508 crore.

Defence ministry, BEL ink pact to procure ship-borne modern radio system

The deal is worth over Rs 1,000 crore

Watchmaker Titan expands portfolio, launches fitness gear brand TraQ

Country's largest watchmaker Titan has expanded its portfolio within the wearable category by launching its new smart fitness gear brand TraQ

Essar Shipping third quarter net loss widens to Rs 182 crore

Essar Shipping on Monday said its consolidated net loss widened to Rs 181.88 crore in the third quarter ended December 2020

January air traffic growth slows down to 3.5% sequentially: Icra

DGCA yet to release traffic data; in December domestic airlines flew 7.3 mn passengers with month-on-month growth of 15%

Vodafone tax case: India moves Singapore HC against arbitration panel order

The govt has challenged in the Singapore High Court an international arbitration tribunal's verdict that overturned its demand for Rs 22,100 crore in back taxes from Vodafone

HC stays single judge order for status quo in Future, Reliance deal

The court also issued notice to Amazon and sought its stand on FRL's appeal by February 26

Paytm eyes Rs 3,000 cr enterprise bill payment transactions by FY21-end

Paytm on Monday announced that its Enterprise Bill Payment System (EBPS), a part of Paytm Payouts, is expected to cross Rs 3,000 crore in transactions by FY21-end

State-run ONGC to usher in India's first geothermal energy in Ladakh

The firm said it will implement India's maiden geothermal field development project in Ladakh that will use the heat generated by the Earth's core to generate clean energy

Advent to buy controlling stake in ZCL at enterprise value of Rs 1,700 cr

Advent is a private equity fund

Astrazeneca gets nod to use ant-diabetes drug for kidney disease in India

The firm said it has received marketing authorisation to use its anti-diabetic drug dapagliflozin for the treatment of patients with chronic kidney disease

Skyroot, Bellatrix signs MoU to use latter's orbital transfer vehicle

In simple terms, an Orbital Transfer Vehicle is like a taxi in space that takes satellites to their operational orbits

Meat brand TenderCuts raises $15 mn from Paragon Partners, Nabard VC

TenderCuts claims it is the only branded company to offer fresh meat to consumers either at the store or at the doorstep, within two hours of the first cut