Page 36 - Company News

Swiggy shareholders approve IOCC status, cap foreign ownership at 49.5%

Shareholders also approve amendments to the Articles of Association allowing co-founders Sriharsha Majety and Phani Kishan Adepally to retain majority board representation

Skoda targets profitable India growth, weighs CNG and niche diesel return

Evaluates India-made electric SUV as it deepens localisation, expands its retail network beyond 200 locations and looks to widen its customer base in smaller markets

US-based Y Combinator sells nearly 1.2% stake in Groww for ₹1,435 cr

The shares were offloaded at an average price of Rs 192.16 apiece, taking the transaction size to Rs 1,435.19 crore

MobiKwik transfers digital lending business to its NBFC subsidiary MDSPL

The fintech firm has shifted its digital lending operations to MDSPL after RBI approval and expects quarterly disbursals of more than Rs 1,000 crore.

Cred rolls out Circle platform to connect users with vetted domain experts

Circle will connect Cred users with vetted experts across careers, money, wellness and relationships through text, audio or video at a flat fee of Rs 25 per minute

Uber adds train ticket booking service to app in partnership with ixigo

The new service lets users book rail tickets, check PNR status and connect first- and last-mile journeys as Uber expands its multimodal mobility offering in India

Prudential gets CCI nod to acquire 75% stake in Bharti Life Insurance

"CCI approves acquisition of certain equity shareholding in Bharti Life Insurance Company Limited by Prudential Corporation Holdings Limited," the regulator said in a post on X

Manipal Health to buy 100-bed Kinder Women's Hospital for ₹130 crore

Deal strengthens hospital chain's presence in Bengaluru's Whitefield; follows recent IPO and acquisition-led expansion

NeoGeo raises $20 million in Series A round to expand global footprint

The spacetech firm will use the capital to deepen its product portfolio, invest in R&D, strengthen its team and expand across the Middle East and the Americas

TVS Industrial & Logistics Parks to invest ₹1,000 cr in Tamil Nadu project

Warehousing developer TVS Industrial & Logistics Parks on Tuesday said it plans to invest Rs 1,000 crore in upcoming projects across Tamil Nadu.

Manipal Health Enterprises to acquire Kinder Women's Hospital in Bengaluru

Integrated healthcare provider Manipal Health Enterprises on Tuesday said it will acquire Kinder Women's Hospital in Bengaluru for a cash consideration of Rs 130 crore.

Wipro Consumer Care to buy Dermatouch for enterprise value of ₹387.5 crore

To acquire the remaining 40% stake over the next three years

Swiggy announces expanded leadership roles for 3 senior executives

Himavant Kurnala has been appointed Chief Growth and Product Officer, Instamart, Nitesh Garg the Chief Technology Officer, Instamart, and Saurav Goyal the Chief Operating Officer, Food Marketplace.

Biocon arm gets supplemental USFDA approval for autoimmune disease drug

Yesintek is indicated for the treatment of moderate-to-severe plaque psoriasis and active psoriatic arthritis

Tata Sons postpones AGM days after chairman Chandrasekaran announces exit

Tata Sons' AGM was adjourned on Tuesday after the meeting failed to meet the required quorum

Torrent Gas to file updated draft papers for up to $418 million IPO

The ​filing comes at a time when India's primary market activity has picked up ‌substantially after a muted first half of the year due to the Iran war-driven spike in ​crude ‌oil prices.

HELM AG, Parijat enters into strategic tie up in agrochemical space

The partnership spans digital commerce, branded crop protection products, technical manufacturing and international distribution across India and overseas markets

Hindustan Copper plans capital investment of ₹7,000 cr in next 5-6 yrs

The development assumes significance in the wake of the country's rising copper demand, driven by infrastructure expansion, renewable energy, electric mobility and other clean-energy applications

ICICI Bank raises fresh $750 million as overseas borrowing accelerates

The latest issue takes the lender's dollar debt fundraising to $2.05 billion in about a month as Indian banks accelerate overseas borrowing ahead of the RBI swap window's early closure

Inox completes ₹6,000 cr acquisition of BlackRock-owned GIP's Vena Energy

The transaction represents one of the fastest signing-to-execution deals in the renewable energy sector, having been completed within two months, despite involving multiple stakeholders