Page 763 - Company News
Quick-commerce firm Zepto raises $665 mn in funding, valued at $3.6 bn
Series F round comes as Mumbai-based startup aims to become profitable before launching IPO
 "Quick-commerce firm Zepto raises $665 mn in funding, valued at $3.6 bn")
SBI pays Rs 6,959 crore dividend to govt, BoM gives Rs 857 crore for FY24
The dividend cheque was presented to Finance Minister Nirmala Sitharaman by SBI Chairman Dinesh Kumar Khara in the presence of Financial Services Secretary Vivek Joshi
 "SBI pays Rs 6,959 crore dividend to govt, BoM gives Rs 857 crore for FY24")
Google pauses plans to allow more real-money gaming apps on PlayStore
Google is doing so due to challenges related to the absence of a central licensing framework and complexities in developing an appropriate monetisation model
 "Google pauses plans to allow more real-money gaming apps on PlayStore")
Olympus Capital Asia sells 9% stake in Aster DM Healthcare for Rs 1,530 cr
Hong Kong-based Olympus Capital Asia on Friday divested a 9 per cent stake in Hospital chain Aster DM Healthcare for Rs 1,530 crore through open market transactions.
 "Olympus Capital Asia sells 9% stake in Aster DM Healthcare for Rs 1,530 cr")
Reliance shareholders approve retail unit's $4 bn lease to Jio Financial
JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business
 "Reliance shareholders approve retail unit's $4 bn lease to Jio Financial")
Nvidia loses title of world's most valued company; stock declines 2%
Nvidia, Microsoft and Apple are in a three-horse race to be the world's most valuable company
 "Nvidia loses title of world's most valued company; stock declines 2%")
Rice exporter GRM Overseas to raise Rs 136.5 cr via issue of share warrants
The company's board has approved the allotment of up to 91,00,000 share warrants at an issue price of Rs 150, including a premium of Rs 148 per warrant
 "Rice exporter GRM Overseas to raise Rs 136.5 cr via issue of share warrants")
Get InvITs under purview of bankruptcy law: SBI MD Ashwini Kumar Tewari
He elaborated that at present, the primary responsibility of an InvIT or a special purpose vehicle under it is towards the trust holders and there are "gaps" which need to be filled
 "Get InvITs under purview of bankruptcy law: SBI MD Ashwini Kumar Tewari")
Your next smartphone can come pre-installed with India's own Indus Appstore
PhonePe is in advanced talks with major smartphone manufacturers to include its homegrown Indus Appstore in their devices
 "Your next smartphone can come pre-installed with India's own Indus Appstore")
Bankers back BPCL Rs 32k cr loan, cautious on Vodafone Idea's Rs 23k loan
Bankers sentiments differ on loans sought by state-backed oil giant BPCL and telecom major Vodafone Idea, which cumulatively amount to Rs 55,000 crore
 "Bankers back BPCL Rs 32k cr loan, cautious on Vodafone Idea's Rs 23k loan")
Sun Pharma inks MoU with Takeda to introduce gastrointestinal drug in India
Sun Pharmaceutical Industries on Friday said it has inked a licensing pact with Takeda Pharmaceutical Company to commercialise a novel gastrointestinal drug in India
 "Sun Pharma inks MoU with Takeda to introduce gastrointestinal drug in India")
North East SFB to increase fixed deposit rate by 50 bps to 9.25%
The SFB is in the process of merging with fintech Slice to augment its capital base
 "North East SFB to increase fixed deposit rate by 50 bps to 9.25%")
Hinduja Group planning to raise Rs 7,300 cr to partly fund RCap buy
It has mandated Barclays Plc and 360 ONE as arrangers and underwriters for the issuance, the people said, asking not to be identified as the discussions are private
 "Hinduja Group planning to raise Rs 7,300 cr to partly fund RCap buy")
IBBI proposes amendments to insolvency rules; seeks public comments
This proposal seeks to eliminate inconsistencies between the CIRP regulations and the Companies (Registered Valuers and Valuation) Rules
 "IBBI proposes amendments to insolvency rules; seeks public comments")
Sebi orders Religare Enterprises to process Burman family's open offer
Co will have to apply for requisite approvals from RBI, Irdai, Sebi before July 12; Notices slapped on board for alleged breach of responsibilities
 "Sebi orders Religare Enterprises to process Burman family's open offer")
Tata Comm raises $ 250 million sustainability loan from DBS, ANZ, EDC
The loan is of a five-year tenor, and is called as a sustainability-linked loan (SLL), wherein progress on carbon emission targets will determine the costs, according to a statement
 "Tata Comm raises $ 250 million sustainability loan from DBS, ANZ, EDC")
Nikon India aims for 10% growth in FY25, to expand healthcare business
Currently, India contributes around 6 per cent of Nikon's imaging business globally, Nikon India Managing Director Sajjan Kumar said
 "Nikon India aims for 10% growth in FY25, to expand healthcare business")
IndiGo, Garuda Aviation Academy to train fresh pilots as junior officers
These courses start right from cadet selection to induction into the airline as a pilot, according to the airline
 "IndiGo, Garuda Aviation Academy to train fresh pilots as junior officers")
Hinduja Group starts bond sale process to fund buying Reliance Capital
It has mandated Barclays Plc and 360 ONE as arrangers and underwriters for the issuance, the people said, asking not to be identified as the discussions are private
 "Hinduja Group starts bond sale process to fund buying Reliance Capital")
Vedanta Group biggest wealth creator in FY25; adds over Rs 2.2 trn in mcap
In comparison, Adani and Mahindra groups saw their market cap rise by Rs 1.4 trillion each
 "Vedanta Group biggest wealth creator in FY25; adds over Rs 2.2 trn in mcap")