Page 989 - Company News

Broking firm Upstox's revenue surges 44% to Rs 1,000 crore in FY23

It generated Rs 200 crore in operating cash during the last two quarters ended December 2023

No rebranding plans for Ching's Secret, Smith & Jones, Organic India: Tata

Tata Consumer is set to acquire a controlling stake in Organic India at a valuation of Rs 1,800 crore and a 75 per cent stake in Capital Foods at a valuation of Rs 5,100 crore

Foxconn, HCL announce semiconductor JV in India with $37.2 mn investment

Foxconn Technology Group and HCL Group will establish a semiconductor outsourced assembly and testing (OSAT) unit in India, with Foxconn investing $37.2 million for a 40% equity stake

HDFC seeks Singapore bank licence to open its 1st branch in the country

The bank has applied to the Monetary Authority of Singapore for a banking licence and is awaiting approval, according to sources familiar with the matter.

Tata unit Agratas in India in talks for green loan of up to $500 million

The wholly owned subsidiary of Tata Sons Pvt Ltd develops battery cells, with factories in India and the UK. Its facilities are designed to be powered by clean energy, according to company's website

DMI group acquires BNPL startup ZestMoney in a distress sale deal

The acquisition comes more than a month after Bengaluru-based ZestMoney, shut down amid an unsuccessful attempt to revive its business under new management and regulatory uncertainty

Sun Pharma to buy remaining stake in Israeli unit Taro for about $348 mn

The Indian drugmaker, which currently owns about 78.5 per cent stake in Taro, had offered to buy its remaining stake for $38 per share in May

Nazara Technologies to raise Rs 250 cr via preferential allotment

The fundraise is part of the company's planned fundraising of Rs 750 crore that was announced earlier in financial year 24

ICICI Prudential Life Q3 results: Net profit flat at Rs 227 crore

The assets under management of the company increased to Rs 2,86,676 crore as against Rs 2,51,884 crore at the end of third quarter of previous fiscal, it said

Adani Group raises stake in IANS, subscribes to fresh shares worth Rs 5 cr

IANS has an authorised share capital of Rs 11 crore, and a revenue of Rs 11.86 crore in FY23

Byju's vs BCCI: Edtech wants arbitrator to decide Rs 158 crore dispute

The firm claimed before the NCLT that it is in talks with the BCCI to settle the payment dispute. However, the BCCI reportedly denied and told the tribunal that no negotiations were underway

ESG, technology theme to dominate India Inc acquisitions in 2024

Streamlined regulatory approvals, sector-specific incentives would encourage firms to write acquisition cheques

Apple reclaims most valued brand title; Tata only Indian brand in top 100

Tesla (brand value down 12 per cent to $58.3 billion) has dropped out of the top 10, falling to 18th place in the ranking

Minda Corp divests 15.07 pc stake in Pricol worth Rs 631 crore

Minda Corporation Ltd sold more than 1.83 crore shares, amounting to a 15.07 per cent stake in Pricol, as per the block deal data available with the NSE

Classic Legends charts revival plan; to focus more on Asean markets

The company revealed that they are now targeting the Asean markets, starting with the Philippines

LIC becomes most valuable PSU firm, surpasses SBI in market valuation

Shares of LIC climbed 3 per cent to reach its 52-week high of Rs 919.45 in intra-day trade on the BSE. However, later it pared the gains and ended 0.63 per cent lower at Rs 886.90

Electric 2W manufacturer Ather Energy to launch family scooter 'Diesel'

The Ola rival's new scooter is slated to be unveiled in mid-2024

India to tap 12% of global iPhone production in FY24, up from 9% earlier

Apple crosses PLI target of $8.9 bn this financial year

Adani Group to invest Rs 50,000 cr to set up data centre in Maharashtra

The MoU was signed in the presence of Maharashtra Chief Minister Eknath Shinde and Adani Group Chairman Gautam Adani at the World Economic Forum 2024 in Davos, it said in a statement

Zomato to support 300,000 restaurants, empower 1 mn gig workers by 2030

The company aims to facilitate 100 per cent of its deliveries through EVs by 2033 and carry out the delivery of 100 million plastic-free food orders by 2025