Page 588 - Company News
KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food
The company raised around Rs 99.50 crore through an issue of 45.23 crore warrants on a preferential basis to investors
 "KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food")
IDBI Bank to offload MEP Infrastructure Developers' stressed loan exposure
Toll road operator is under insolvency resolution regime
 "IDBI Bank to offload MEP Infrastructure Developers' stressed loan exposure")
CG Power Q2 FY25 results: Net profit declines 10% to Rs 220 crore
CG Power and Industrial Solutions on Monday reported a nearly 10 per cent decline in its consolidated profit after tax to Rs 220 crore for three months ended September 2024.
 "CG Power Q2 FY25 results: Net profit declines 10% to Rs 220 crore")
Indel Money to raise up to Rs 150 cr via NCDs to fund growth plans
The issue, which is open from October 21 to November 4, has an option of early closure in case of early over-subscription, Indel Money said in a statement
 "Indel Money to raise up to Rs 150 cr via NCDs to fund growth plans")
Tata Motors receives order for 1000 diesel bus chassis from UPSRTC
This contract follows a previous order from UPSRTC for 1,350 bus chassis, which are currently operational across Uttar Pradesh
 "Tata Motors receives order for 1000 diesel bus chassis from UPSRTC")
Passion over profit drives Zepto's $5 bn success, says founder Palicha
Speaking at NDTV World Summit, 22-year-old entrepreneur said that despite working 80-100 hours a week, the Zepto team is fuelled by excitement about the platform they are building, not financial gain
 "Passion over profit drives Zepto's $5 bn success, says founder Palicha")
Brookfield Properties to supply green power to office campuses in Delhi-NCR
Brookfield Properties' occupiers in Delhi- NCR now receive 40 per cent of their energy from renewable power
 "Brookfield Properties to supply green power to office campuses in Delhi-NCR")
Prosus targets $400 mn e-commerce profit in 2025, more IPOs in India
Prosus, majority-owned by South Africa's Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India's biggest IPOs this year
 "Prosus targets $400 mn e-commerce profit in 2025, more IPOs in India")
Innovation key to exponential growth of manufacturing sector: Bharat Forge
"I think India has to also create innovation in tech, we can't just copy what we get from outside. We now need to make our products which western world will copy from us," Bharat Forge CMD said
 "Innovation key to exponential growth of manufacturing sector: Bharat Forge")
PhonePe cuts 60% of support staff as AI drives a 40-fold transaction surge
Artificial intelligence (AI) has played a pivotal role in enabling PhonePe to streamline operations that previously required human intervention
 "PhonePe cuts 60% of support staff as AI drives a 40-fold transaction surge")
Tata Motors receives order for 1,000 diesel bus chassis from UPSRTC
The company received the order following a competitive e-bidding process. The bus chassis will be supplied in a phased manner as per mutually agreed terms
 "Tata Motors receives order for 1,000 diesel bus chassis from UPSRTC")
Godrej Properties acquires land in Ahmedabad for residential project
Project's estimated booking value is about Rs 1,300 crore
 "Godrej Properties acquires land in Ahmedabad for residential project")
Suraj Estate Developers raises Rs 343 cr via issue of shares to expand biz
Since incorporation, Suraj Estate Developers has completed 42 projects with a developed area of more than 1,046,543.20 square feet in the South-Central Mumbai region
 "Suraj Estate Developers raises Rs 343 cr via issue of shares to expand biz")
Oberoi Realty sells flats worth Rs 1.3K cr in 3 days of Maha project launch
On October 18, the company launched project 'Oberoi Garden City Thane'
Temasek invests $60m in Upgrad, valuation holds steady at $2.25 billion
Singapore's Temasek invests $60 million in Upgrad, maintaining a $2.25B valuation, while founder Ronnie Screwvala increases his stake to 45 per cent amid strategic changes for growth
 "Temasek invests $60m in Upgrad, valuation holds steady at $2.25 billion")
Godrej acquires 3-acre land in Ahmedabad for Rs 1,300 cr housing project
During April-September period of this fiscal year, Godrej Properties sale booking value grew 89 per cent annually to over Rs 13,800 crore
 "Godrej acquires 3-acre land in Ahmedabad for Rs 1,300 cr housing project")
Neither Reliance, nor Saregama, Poonawalla gets 50% stake in Johar's Dharma
Adar Poonawalla's Serene Entertainment has acquired a 50 per cent stake in Dharma for Rs 1,000 crore
 "Neither Reliance, nor Saregama, Poonawalla gets 50% stake in Johar's Dharma")
Bhartias seeks Rs 12,500 cr funding to acquire Coca-Cola bottling stake
The Bhartia brothers are seeking to raise Rs 12,500 crore for a 40 per cent stake in Hindustan Coca-Cola Beverages, while talks are underway with asset managers and banks to secure the funding
 "Bhartias seeks Rs 12,500 cr funding to acquire Coca-Cola bottling stake")
Global oil volatility, geopolitical tensions drag RIL exports to 5-qtr low
RIL's exports are at a five-quarter low in value terms, and a 15-quarter low as share in O2C revenues
 "Global oil volatility, geopolitical tensions drag RIL exports to 5-qtr low")
Jindal Group in talks to acquire Czech-based Vitkovice Steel for Rs 1k cr
The Naveen Jindal-owned business house already has significant presence in geographies like Australia, Mozambiquie and Oman in sectors such as steel, power and mining
 "Jindal Group in talks to acquire Czech-based Vitkovice Steel for Rs 1k cr")