Page 152 - Companies

HDFC Capital raises nearly $1.8 bn fund for affordable housing financing

HDFC Capital, a wholly-owned subsidiary of HDFC Ltd, has achieved the initial close of its third fund of $1.88 billion (about Rs 13,500 cr) focused on affordable housing.

Market cap of 10 most valued companies erodes by over Rs 2.53 trn

The top-10 most valued companies suffered a combined erosion of Rs 2.53 lakh crore in market valuation last week, as the domestic equity benchmarks witnessed heavy selling

Tata Motors expects growth momentum to continue, to ramp up production

Tata Motors expects its growth momentum to continue this year as well as anticipates supply side issues to improve, helping it roll out more units to cater to the enhanced demand

Tech giant Google lands in trouble over 'Deceptive' Pixel 4 radio ads

Tech giant Google has reportedly landed in legal trouble over 'Deceptive' Pixel 4 radio advertising.

Facebook declined to spin-off its Workplace app as $1 bn unicorn

Facebook (before it was rebrandeded as Meta) was approached by venture capitalists to spin off its Workplace app and make it a new company valued at over $1 billion. But Facebook declined.

Germany's Lufthansa to buy 40% stake in Alitalia's successor ITA: Report

Germany's Lufthansa is set to buy a 40% stake in state-owned Alitalia's successor ITA Airways and a deal could be unveiled next week

CEO Parag Agrawal shakes up Twitter security team; 2 senior execs leave

Staff changes follow 'assessment of how the organization was being led,' according to a memo from the new CEO.

Sony seeks partners to transform cars into 'entertainment spaces'

Sony CEO Kenichiro Yoshida suggested for the first time that the creator of PlayStation games consoles will try to turn an EV development project started two years ago into a money-making venture

Pandemic darlings face the boot as investors eye return to normal life

The selloff which began after Netflix and Peloton posted disappointing quarterly earnings spread to the wider stay-at-home sector

For $100 billion, Intel looks to construct biggest chip plant

The move is part of Chief Executive Officer Pat Gelsinger's strategy to restore Intel's dominance in chip making

Adani Wilmar fixes IPO price band at Rs 218-230 per share

The public issue of Adani Wilmar comprises fresh issue of equity shares and there will not be any secondary offering

Jio Platforms net profit rises 8.8% to Rs 3,795 crore in Dec quarter

The company had posted a net profit of Rs 3,486 crore in the same period a year ago

Reliance Retail Q3 pre-tax profit up 24% to Rs 3,822 cr; revenue rises 53%

Its revenue from operations stood at Rs 50,654 crore, up 53.41 per cent from Rs 33,018 crore in the corresponding period of last fiscal

L&T Finance Holdings' net profit rises 12% to Rs 326 cr in Dec quarter

L&T Finance Holdings on Friday reported a 12 per cent increase in its net profit to Rs 326 crore for the quarter ended December 2021. The non-banking finance company (NBFC) had registered a net profit of Rs 291 crore in the year-ago period. In a statement, the company said it witnessed strong improvement in disbursements and collections in Q3FY22, and witnessed an all-time high retail quarterly disbursements of about Rs 7,600 crore, up by 29 per cent from a year ago. Total income during the October-December 2021 period, however, was down at Rs 3,099 crore, as against Rs 3,504 crore in Q3FY21. "The period saw businesses returning to pre-COVID-19 levels despite industry de-growth during the festive season. "In our retail businesses of farm and two-wheeler finance, we maintained business momentum as a leading retail financier with a stable market share, owing to our digital and data analytics capabilities," Dinanath Dubhashi, managing director and CEO of L&T Finance Holdings, ...

CCI approves deal involving three GlaxoSmithKline group entities

The proposed deal involves the transfer of GlaxoSmithKline Asia Pvt Ltd's products and GSK Consumer Brands (indirectly) to GSK CH HoldCo

RattanIndia Power consolidated net loss widens to Rs 386.69 cr in Dec qtr

RattanIndia Power Ltd (RPL) consolidated net loss widened to Rs 386.69 crore in the December quarter, compared to the same period a year ago, due non-operation of Nashik thermal power plant. The company had reported a consolidated net loss of Rs 69.09 crore in the quarter ended on December 31, 2020, the company said in a regulatory filing. The widening of the consolidated loss in the December quarter was "due to non-operation of Nashik Thermal Power Plant (Sinnar Thermal Power Ltd). That exposure has no bearing on parent RattanIndia Power Ltd," a company spokesperson said. The consolidated results of RPL also includes the financials of Sinnar Thermal Power Limited (STPL), which is a subsidiary of RattanIndia Power Ltd and is a separate SPV holding Sinnar Thermal Power Plant, the spokesperson said. All units of Sinnar Thermal Power Plant at Nashik are commissioned, but not operational at present. STPL's debt exposure is ring fenced and has no bearing on the parent RattanIndia Power

Future Retail 'not in position' to make $471 mn payment as deadline nears

Future Retail Ltd. isn't in a position to make a payment on 35 billion rupees ($471 million) of past-due debt before the grace period expires

Adani Wilmar sets IPO price band at Rs 218-230 rupees, to open on Jan 27

Adani Wilmar has set the indicative price band for its initial public offering (IPO) of shares at between 218 rupees and 230 rupees apiece

Singtel buys minority stake in Indonesian bank for about $35 mn

Singapore Telecommunications, Southeast Asia's largest telecommunications operator, said it has bought a 16.3% stake in PT Bank Fama International for 500 billion rupiah ($34.9 million)

China Evergrande says hiring more advisers to help deal with debt

China Evergrande Group said on Friday that it was hiring more financial and legal advisers to help it with demands from creditors