Page 121 - Companies

Banks unwilling to extend new credit to Voda Idea without promoter funding

Talks between Vodafone Idea Limited and its lenders to raise Rs 10,000 crore in debt have been ongoing for more than 9 months

Discussions on with Indus Towers for softer payment terms, says Vi

This follows Indus Towers's warning letter to Vi to pay up its accumulated dues or face disconnection from November.

Rothschild plans to hire 7 bankers in India before year-end for expansion

The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession

Retail IPO applications down by over 50% in H1FY23, shows data

Firms raised a total of Rs 36,535 cr in the period, 30.2% less than Rs 52,325 cr last yr

IPO mop-up plunges 32% to Rs 35,456 cr in H1FY23: Report

Just 14 companies raised Rs 35,456 crore through main-board primary share sales in the first half of the fiscal, down 32 per cent from the year-ago period when 25 issues had mopped up Rs 51,979 crore. But according to Prime Database, the IPO pipeline is strong with 71 issues worth Rs 1,05,000 crore having Sebi approvals and another 43 worth about Rs 70,000 crore are awaiting approval. Of these 114 planned issues, 10 are new-age tech companies, which are looking to raise roughly Rs 35,000 crore. The overall collection would have been much lower had it not been for the Rs 20,557-crore LIC issue, which constitutes as much as 58 per cent of the total amount raised during the first half of the year, as per Prime Database. IPO (initial public offer) fund-raising declined by 32 per cent in the first half of the current fiscal to Rs 35,456 crore by 14 main-board issues, down from Rs 51,979 crore raised through 25 IPOs in the corresponding period of FY22. Of the total, as much as Rs 20,557 .

Udaan starts multiple deliveries per day for pharmacies in six cities

Softbank-backed B2B e-commerce firm Udaan has started delivering stocks to pharmacies four times a day across six cities and plans to scale up the service to other places after six to eight months, the company said on Thursday. The 4X4 delivery service' has been rolled out after a pilot programme and receiving extensive feedback from pharmacies in select cities, which required enhanced delivery capabilities. During the pilot phase, the business witnessed a 45 per cent rise in orders in the select cities. "As part of the new service offering, Udaan will provide medicine delivery to pharmacies every 4-hour with 4 delivery slot options in a day to order medicines across six cities - Kolkata, Jaipur, Indore, Ahmedabad, Bengaluru and Pune. Udaan plans to scale the '4X4 delivery service' to more cities and towns in the next 6-8 months," the company said in a statement. Udaan Business head for Pharma Category Sanjay Sharma said the company will leverage for the convenience and faster ...

NHAI's InvIT plans to raise Rs 2,000 cr to acquire road assets: Report

The Infrastructure Investment Trust (InvIT) is planning to raise Rs 2,000 crore from investors to acquire two to three road assests from its parent firm

Sebi bans The Apex Global, its proprietor from markets for 4 years

Markets regulator Sebi has barred The Apex Global and its proprietor Yadunath Singh Thakur from securities markets for four years and directed them to refund money collected from investors through unauthorised investment advisory services. The regulator found that The Apex Global and Thakur were engaged in the business of providing investment advice to their clients and for consideration and thus, were acting as investment advisers. They were involved in such investment advisory services without obtaining regulatory approval from it, which is in violation of Investment Advisers (IA) norms, the Securities and Exchange Board of India (Sebi) said in its order on Wednesday. Through such services, they had received a total amount of Rs 1.23 crore from June 2013 to December 2019 through unregistered investment advisory activities, it added. Accordingly, Sebi said, the "noticee shall within a period of three months refund the money received from any complainants/ investors, as fees or ...

SBI files 'insolvency petition' against Jaiprakash Associates in NCLT

JAL is involved in cement manufacturing, engineering and construction, expressways, real estate, hospitalities, wind/thermal power plants at various locations all over India.

TotalEnergies may trim stake in Adani Green to cash in on valuation jump

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani.

'Contrary to core values': Oracle reacts after SEC fine over slush funds

Indian employees of US tech giant used discount scheme in dealing with transportation firm owned by railways ministry: Regulator

Fast Company shuts website after Apple News feed hack, obscene alerts

US-based business news publication Fast Company said its content management system (CMS) was hacked and two obscene and racist push notifications were sent to users via its Apple News alerts

Hostile media bid shows how Asia's richest can align and dominate a sector

The NDTV acquisition, if successful, would make Adani and Ambani straight-up rivals in a sector for the first time, given Ambani's control of large media assets including news channels

BigBasket to raise $200 million at a valuation of $3.5 billion: Report

The infusion of fresh capital comes at a time when the company is aiming to expand its core offerings to compete with competitors like Dunzo, Zepto, Swiggy Instamart and others

Ten days after global launch, Apple starts assembling iPhone 14 in India

Apple effectively pays 26 per cent duty on the free on board (FOB) value of imported phones

India operations to offer post-trade products to global clients: OSTTRA

London-based company says Indian team supports its international clients, solves operational problems

Bharat Forge: Rising industrial segment revenue, auto recovery drive gains

Brokerages have also highlighted that the energy crisis in Europe would be a big opportunity for Indian forging and casting companies such as Bharat Forge

DTAB to review 19 fixed-dose combinations drugs, codeine formulations today

CDSCO aims to phase out these combinations and codeine-based drugs in a phased manner

Crypto exchange Binance seeks permit to return to Japan market after 4 yrs

Binance, the world's biggest cryptocurrency exchange, is seeking a license to operate in Japan, four years after retreating from the country as it didn't have a permit

Healthtech start-up Butterfly Learnings raises $1.5 mn in seed funding

Round saw participation from Insitor Partners, 9Unicorns, Venture Catalysts and a clutch of other investors