Page 143 - Companies

Food robotics company Mukunda raises $8 mn in round led by Zomato

Zomato's investment in Mukunda has come amid the food delivery's announcement to launch a 10-minute delivery service

Beauty brand Plum raises Rs 270 cr in Series C round led by A91 Partners

The fresh capital is expected to add momentum to Plum's gameplan of further strengthening its omni-channel presence, building new categories and enhancing R&D capabilities

OfBusiness financial arm Oxyzo raises $200 mn in Series A funding round

The funds will be used to expand Oxyzo's broader digital financial services play organically and inorganically across a strong own balance sheet play

Rage Coffee onboards Virat Kohli as investor and brand ambassador

Rage Coffee is planning to expand its online presence and offline footprint Pan-India and will utilise the fresh capital for marketing and distribution purposes

Voting advisory firm IiAS gives a thumbs up to Vodafone Idea fund raise

Promoter infusion will pave the way for Rs 10,000-cr additional fund raise for Vodafone Idea Ltd., say experts

Vedantu appoints former Reliance, Google executive as chief growth officer

Rungta is a seasoned leader with strong management experience across consumer internet, technology, and SaaS organisations

Sony Entertainment acquires Canadian gaming company Haven Studios

Haven Studios was founded by Jade Raymond, co-creator of Assassin's Creed and former head of Stadia Games and Entertainment

Refinancing debt more challenging for Vedanta Resources in tight market

While current capital market conditions have reduced Vedanta Resources' funding options, its strong underlying ops remain supportive of the company's ability to meet its immediate debt obligations

Malaysia's IHH Healthcare offers $1.35 billion for Ramsay-Sime Darby JV

Ramsay Health Care Ltd and Malaysia-based Sime Darby Holdings have received a $1.35 bn buyout offer from IHH Healthcare Bhd for their Asia joint venture, the Australian hospital operator said

Russia to propose 10-year ban on foreign firms which don't return by May 1

Russian State Duma Deputy Yevgeny Fedorov has proposed a 10-year ban on the work of foreign companies that will not return to the country's market until May 1.

European consumer electronics firm Thomson eyes 10% market share in India

European consumer electronics firm Thomson on Thursday announced a range of air conditioners in India with an aim to capture 10 per cent market share.

New UK bill to send tech CEOs faster to jail if fail to comply

The UK government said that its revised online safety law will speed up the process against tech CEOs to send them to jail if their platforms fail to comply with the Online Safety regulation.

HAL signs pact with SASMOS to work together in aerospace domain

Hindustan Aeronautics Limited (HAL) has signed an MoU with Bengaluru-based company SASMOS to work together on advanced electronics, electrical and fibre optic interconnections in the aerospace domain. The a memorandum of understanding was signed between the two companies on March 11. HAL's subsidiary Naini Aerospace Limited (NAeL) was also a signatory to the MoU, SASMOS' statement noted. "The MoU is intended to explore business cooperation, especially in the northern India, through utilization of capacity and capabilities of NAeL to bring their expertise in fibre optics, electronics and electrical interconnected system in the aerospace domain through the support from HAL and SASMOS," it added. Under the MoU, HAL and SASMOS will "work together in the field of advanced electronics, electrical and fibre optics interconnections in the aerospace domain", it mentioned.

Mahanadi Coalfields Limited becomes largest coal producing company in India

The Mahanadi Coalfields Limited (MCL) has crossed 157 million tonne (MT) in coal production in the financial year of 2021-22, to become the leading coal producing company in the country

Payworld expects to double revenue in FY23, increase transaction by 40%

Fintech firm Payworld expects to increase gross transactions on its platform by about 40 per cent and double net revenue in the next financial year, a top official of the company said. Payworld CEO Praveen Dhabhai told PTI that the company expects gross transaction value (GTV) on its platform to grow about 46 per cent to Rs 11,000 crore in the current financial year from Rs 7,500 crore it recorded in 2020-21. "This financial year we will close at about Rs 11,000 crore and for the next financial year we want to grow our GTV by 40 per cent but we are planning to almost double our net revenue," Dhabhai said. Payworld provides a platform to retailers for selling train tickets, Aadhaar-enabled payment services, mutual funds,insurance sale, Fastags etc. Dhabhai said the company is adding more services and partnering with B2B e-commerce platforms to enable retailers to source products directly without any need for visiting wholesalers or distributors. "We add 25,000-30,000 retailers ever

Macleods Pharmaceuticals recalls products in US for manufacturing issues

Macleods Pharmaceuticals is recalling two products in the US market due to deviation from standard manufacturing norms, according to a USFDA report.

Edtech unicorn Unacademy to open offline experience centres

Company has plans to establish similar touchpoints across the country starting with Kota, Jaipur, and Lucknow

Live video infrastructure startup 100ms raises $20 mn in Series A funding

100ms aims to bring real-life interactions to the virtual world by providing developer tooling for live video

Indian co-founded edtech startup Cialfo extends series B funding to $60 mn

Cialfo began its India operations in 2019 and has already enrolled over 300 high schools and 60 universities from the country as members

UnlistedKart App makes its debut in the unlisted stock market

In the past 4 years, UnlistedKart has been at the forefront of the unlisted stock space, achieving a collective top line of 250-plus crores