Page 2792 - Company News
Embassy REIT raises Rs 3,680 cr to partly fund acquisition of IT park
Embassy Office Parks REIT has raised Rs 3,680 crore ($501 million) through sale of units to institutional investors and will use this amount to partly fund its acquisition of IT park in Bengaluru
 "Embassy REIT raises Rs 3,680 cr to partly fund acquisition of IT park")
Garment Mantra acquires 83.8% stake in Jannat Fabrics, to pick up 100% soon
The management is expecting to acquire 100 per cent stake in the next few months to make it a wholly-owned subsidiary of Garment Mantra.
 "Garment Mantra acquires 83.8% stake in Jannat Fabrics, to pick up 100% soon")
Dailyhunt parent VerSe becomes unicorn after funding from Google, Microsoft
The new funding comes at a time when VerSe Innovation is expanding its family of apps through its leading short video platform Josh, which is available in 12 local languages
 "Dailyhunt parent VerSe becomes unicorn after funding from Google, Microsoft")
Indian govt invites bids to sell its 63.75% stake in Shipping Corporation
The Indian government invited bids to sell its 63.75% stake in Shipping Corporation of India to a private investor, in a key asset sale that was delayed due to the coronavirus pandemic
 "Indian govt invites bids to sell its 63.75% stake in Shipping Corporation")
Stellaris Venture Partners to launch $160 mn fund; IFC to invest $25 mn
The fund plans to invest in 20-25 companies across healthcare, education, financial services, logistics, consumer internet and enterprise technology
 "Stellaris Venture Partners to launch $160 mn fund; IFC to invest $25 mn")
Ratan Tata gets 'Global Visionary of Sustainable Business and Peace' award
Ratan Tata was conferred the title of "Global Visionary of Sustainable Business and Peace" by the Federation of Indo-Israel Chambers of Commerce for epitomising "unity, peace and sustainability"
 "Ratan Tata gets 'Global Visionary of Sustainable Business and Peace' award")
ATC sees huge opportunities in a challenging and competitive market
The firm bought out, recently, Tata group's 12.3 per cent stake in ATC Telecom Tower Infrastructure for Rs 2,480 crore, raising its stake to 91 per cent
 "ATC sees huge opportunities in a challenging and competitive market")
Air India's new owner may be allowed to trim fleet size, lay off staff
Since the skies are far from clear, the new owner will also be allowed to lay off employees, given their requirement will shrink with the reduction in the fleet size, said officials in the know
 "Air India's new owner may be allowed to trim fleet size, lay off staff")
Mahindra-owned SsangYong files for bankruptcy second time in 11 years
The development comes a week after the struggling automaker missed repayment of 60 billion Korean Won to JP Morgan Chase Bank, South Korea, which was due on Dec 14
 "Mahindra-owned SsangYong files for bankruptcy second time in 11 years")
Concerns may be overdone, downside limited for Mphasis stock
While there are worries over de-growing DXC business and buzz of Blackstone's exit, deal pipeline and growth in other verticals remain strong
 "Concerns may be overdone, downside limited for Mphasis stock")
Analysts cheer Colgate's growth plans and focused product innovation
Focus on modern trade and market share gains has led brokerages to hike their target price estimate for the stock
 "Analysts cheer Colgate's growth plans and focused product innovation")
Wistron plant violence: Enough stocks of iPhone SE 2020, says Apple
iPhone SE 2020 is one of the popular phones like Apple 11, which is the biggest seller in the domestic market.
 "Wistron plant violence: Enough stocks of iPhone SE 2020, says Apple")
Wistron sees no major impact of Karnataka plant vandalisation on company
Taiwanese major to continue manufacturing iPhone SE and iPhone 7 models at the unit
 "Wistron sees no major impact of Karnataka plant vandalisation on company")
Tata Motors to increase commercial vehicle prices from January 2021
Tata Motors on Monday said its commercial vehicle prices will be revised upward from January next year.
 "Tata Motors to increase commercial vehicle prices from January 2021")
Honda Motor to shut Noida plant and cut production of four-wheelers
The Japanese automaker will move all India production to its newer Tapukara plant to the southwest of New Delhi, according to the Nikkei
 "Honda Motor to shut Noida plant and cut production of four-wheelers")
Google partners with Sheroes to support 500 rural women entrepreneurs
Last year, the tech major had started a small pilot for an accelerator programme for 10 women entrepreneurs in rural India across its Internet Saathi network
 "Google partners with Sheroes to support 500 rural women entrepreneurs")
Pine Labs' valuation tops $2 bn on closing funding from Lone Pine Capital
Funding makes it country's most valued fintech after Paytm and PhonePe. Pine Labs silent on deal size, industry sources put it at $75-100 million
 "Pine Labs' valuation tops $2 bn on closing funding from Lone Pine Capital")
Reliance-Future deal: Delhi HC rejects plea for injunction against Amazon
Court prima facie finds suit filed by Future Retail is maintainable, Emergency Award valid, and Future Retail's resolution approving deal with Reliance was also valid
 "Reliance-Future deal: Delhi HC rejects plea for injunction against Amazon")
Värde Partners, New Vernon's Rs 1,000-cr realty deal hits approval wall
New Vernon's investment panel casts a cloud over Värde's earlier investments
 "Värde Partners, New Vernon's Rs 1,000-cr realty deal hits approval wall")
Daimler India announces global competition for early-stage start-ups
Open from Dec 21 to Jan 29; initiative organised in association with Office of the Principal Scientific Adviser to GOI and Invest India
 "Daimler India announces global competition for early-stage start-ups")