Page 825 - Company News
Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs
Blinkit, formerly Grofers, was acquired by Zomato in 2022 in a distress sale via an all-stock deal for $568 million
 "Blinkit now more valuable than Zomato's food delivery biz: Goldman Sachs")
SBI Life Insurance Q4 results: Net profit rises 8% to Rs 811 crore
The net premium income of the largest private life insurer rose 26.23 per cent year-on-year to Rs 25,116 crore in the reporting quarter from Rs 19,896 crore in Q4 FY23
 "SBI Life Insurance Q4 results: Net profit rises 8% to Rs 811 crore")
Go First: Busy Bee Airways to evaluate position after reviewing court order
Busy Bee Airways, along with SpiceJet chief Ajay Singh, has put in a bid for Go First under the insolvency resolution process
 "Go First: Busy Bee Airways to evaluate position after reviewing court order")
Alphabet, Microsoft earnings show hefty AI bets are driving growth
After pouring billions of dollars into the infrastructure needed to support AI applications, both Alphabet and Microsoft reported that their quarterly revenue growth was outpacing expectations
 "Alphabet, Microsoft earnings show hefty AI bets are driving growth")
Macrotech Developers aims 21% growth in pre-sales to Rs 17,500 cr in FY25
"Our best ever quarterly and annual performance showcases the buoyancy in demand for high quality homes in India from branded developers," Lodha said
 "Macrotech Developers aims 21% growth in pre-sales to Rs 17,500 cr in FY25")
ATC Telecom Infra exits Vodafone Idea, sells entire stake for Rs 1,840 cr
American Tower Corporation (ATC) Telecom Infrastructure is one of the largest infrastructure service providers for Vodafone Idea
 "ATC Telecom Infra exits Vodafone Idea, sells entire stake for Rs 1,840 cr")
Advent to infuse Rs 2,475 crore into Apollo Hospitals' subsidiary
The merger will happen in a phased manner over the next 24-30 months. The combined entity is expected to deliver Rs 25,000 crore of revenue in three years with 7-8 per cent EBITDA
 "Advent to infuse Rs 2,475 crore into Apollo Hospitals' subsidiary")
IPTV to challenge cable TV mkt in India: Excitel Broadband CEO Vivek Raina
Fixed line broadband player aims to triple 1 million customer base in 3 years
 "IPTV to challenge cable TV mkt in India: Excitel Broadband CEO Vivek Raina")
CESC acquires co building 300 MW solar park in Rajasthan for Rs 3.84 cr
In a regulatory filing, CESC said Purvah Green Power has completed the acquisition of the 100 per cent stake in Bhadla Three SKP Green Ventures at a consideration of Rs 3.84 crore
 "CESC acquires co building 300 MW solar park in Rajasthan for Rs 3.84 cr")
PE firm Advent International to invest $297 mn in Apollo Hospitals' unit
Advent will invest in compulsory convertible instruments in two tranches for a 12.1% stake in the merged pharmacy business entity, which will have an enterprise value of Rs 22,481 crore
 "PE firm Advent International to invest $297 mn in Apollo Hospitals' unit")
Bank of Maharashtra Q4 results: Net profit up 45% at Rs 1,218 crore
Public sector lender mulls Rs 7,500 crore equity capital raise
 "Bank of Maharashtra Q4 results: Net profit up 45% at Rs 1,218 crore")
Patanjali Foods gets proposal to buy non-food biz from Patanjali Ayurved
The board of directors of Patanjali Foods discussed the initial proposal received from Patanjali Ayurved
 "Patanjali Foods gets proposal to buy non-food biz from Patanjali Ayurved")
Amazon India's eighth edition of 'Prime Day' event coming up in July
The e-commerce firm stated Prime Day 2023 was the biggest ever Prime Day in India as 14 per cent more Prime members shopped hundreds of thousands of deals compared to Prime Day 2022
 "Amazon India's eighth edition of 'Prime Day' event coming up in July")
SBI Card Q4 results: Net profit rises 11% to Rs 662 crore, revenue up 14%
The company's capital to risk ratio (CRAR) stood at 20.5 per cent as of 31 March 2024 as compared to 23.1 per cent as of 31 March
 "SBI Card Q4 results: Net profit rises 11% to Rs 662 crore, revenue up 14%")
Patanjali Foods to evaluate offer to buy Patanjali Ayurved's non-food biz
In a regulatory filing, Patanjali Foods informed that its board has discussed initial proposal received from Patanjali Ayurved Ltd for a sale of latter's non-food business undertaking to company
 "Patanjali Foods to evaluate offer to buy Patanjali Ayurved's non-food biz")
HCLTech to hire more than 10,000 freshers from campuses for FY25
Net fresher addition in Q4 for the company stood at 3,096 freshers. For the entire FY24, HCLTech added 12,141 freshers. The company's total headcount in Q4 was 227,481
 "HCLTech to hire more than 10,000 freshers from campuses for FY25")
Dr Basu Eye Hospital plans to open five new hospitals in India in 5 years
The hospital claims that the costs of their treatments are significantly lower compared to traditional surgeries and modern medical treatments
 "Dr Basu Eye Hospital plans to open five new hospitals in India in 5 years")
Paras Health plans to operate upwards of 2,300 beds in North India by FY25
With this, Paras Health is aiming to operate upwards of 2,300 beds in North India by the end of FY 2025
 "Paras Health plans to operate upwards of 2,300 beds in North India by FY25")
Mahindra Holidays & Resorts Q4 results: PAT jumps 47.7% to Rs 83.2 cr
For the entire 2023-24, the company reported a consolidated profit after tax of Rs 116.05 crore against Rs 113.82 crore in the preceding fiscal, according to a regulatory filing
 "Mahindra Holidays & Resorts Q4 results: PAT jumps 47.7% to Rs 83.2 cr")
Capria Ventures closes Rs 153 cr India Opportunity Fund post Awign exit
Capria venture capital firm sold its stake in Awingn to Japanese conglomerate Mynavi Corporation
 "Capria Ventures closes Rs 153 cr India Opportunity Fund post Awign exit")