Page 153 - Companies

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

Container Corporation of India Dec-quarter net rises 24% to Rs 276 cr

The company had clocked a net profit of Rs 225.66 crore in the corresponding quarter a year ago

PTC India Financial Services plummets 18% after three directors resign

On BSE, shares ended the day at Rs 20.95 apiece, down 18.32 per cent over previous close

Twitter loses appeal in French case over online hate speech

The decision provides ammunition to campaigners elsewhere in Europe who want tougher controls to prevent the spread of racist and discriminatory content

Havells net profit down 12.7% to Rs 305.82 crore in third quarter

The company had posted a consolidated net profit of Rs 350.14 crore in the October-December quarter a year ago

WNS Holdings net profit rises 10.6% to $34.3 million in third quarter

Despite the ongoing pandemic-related volatility and pressure associated with tight global labour markets, WNS continues to perform well and deliver solid financial results, a company official said

Emcure Pharma's Rs 5,000-crore IPO to hit market early next month

Emcure Pharmaceuticals has received regulatory approvals for its draft red herring prospectus and will shortly be filing the RHP for the Rs 5,000-crore initial share sale, which will hit the market soon after the Budget, according to merchant banking sources. The IPO consists of a fresh issue of up to Rs 1,100 crore by the company, which will be used as growth capital, and an offer for sale by promoter shareholders -- founder, managing director & chief executive Satish Mehta who owns 41.92 per cent and by son Sunil Mehta who holds 6.13 per cent. Other promoter groups/persons who are participating in the OFS collectively own 33.55 per cent, and global private equity major Bain Capital owns 13.09 per cent in the Pune-headquartered pharma major which is the 12th largest player in the country. The sources, however, did not disclose how much each of the selling promoters will be offloading through the OFS. The company will utilize Rs 947 crore from the proceeds of the issue to ...

A measure of the economy: companies, capex and a hint of concern

When demand is uncertain; the biggest private enterprises seem better able to build factories, expand resources and create jobs.

Beauty care company Lotus Herbals acquires 25% stake in Conscious Chemist

Natural beauty care company Lotus Herbals on Thursday said it has acquired a 25 per cent stake in direct-to-consumer brand Conscious Chemist. Conscious Chemist is a new-age clean beauty brand operating in the skincare category. The company, however, did not disclose the financial details of the transaction. Commenting on the development, Lotus Herbals Joint Managing Director Nitin Passi said the investment in Conscious Chemist aligns with the company's strategy for accelerating growth in the direct-to-consumer (DTC) space focusing on clean beauty. "The brand also resonates with our commitment to sustainability and environmentally friendly practices. We appreciate the vigour, exuberance and dynamism that Conscious Chemist brings and will provide them tangible access to Indian and global markets, technological and marketing mentorship that will help in propelling its growth over the next five years," he said. Conscious Chemist Co-Founder & CEO Robin Gupta said: "We are confident ...

Glenmark Pharma inks exclusive licensing agreement with Lotus International

Glenmark Pharmaceuticals Ltd on Thursday said its Swiss arm has entered into an exclusive licensing agreement with Lotus International Pte Ltd

United Airlines cuts capacity forecast, flags cost pressure amid Omicron

United Airlines Holdings trimmed its capacity forecast and warned of higher costs, after posting a smaller-than-expected fourth-quarter loss

JSW Ispat Special Products posts Rs 28 crore net loss in Dec quarter

It had reported a net profit of Rs 29.49 crore in the year-ago quarter

Bajaj Housing Fin to raise Rs 3,000 crore via non-convertible debentures

Its overall borrowings stood at Rs 39,128 core, and the mix was 62:38 between banks and markets in September 2021

Activision sexual misconduct fallout prompted Microsoft to pursue deal

The goal, according to a person familiar with the matter, was to offer support to a key partner and make it clear that Microsoft had concerns about the treatment of women at Activision

Diginoor.io raises $1 million seed funding from Contrary Capital, Polygon

Some of the partners of Diginoor.io include AVM Productions, Reliance Entertainment and a host of other major studios

Crypto-native social platform Sahicoin raises $1.75 mn in seed round

Founded by IIT Kanpur alumni, Amit Nayak, Ankush Rajput, and Melbin Thomas, the platform aims to empower the next billion crypto enthusiasts to make faster and better investing decisions

Reloy raises Rs 5 cr in strategic pre-series A funding round led by IPV

Started in 2018, Reloy has been working closely with the largest builders and has influenced over Rs 700 crore sales in the real estate industry with clients like Sharpoorji Pallonji among others

threedots raises $4 mn in seed funding round led by Kalaari Capital

threedots app offers users a daily dose of financial news and a finance centric community apart from stock investing

Nazara Technologies acquires majority stake in Datawrkz for Rs 124 cr

Gaming and sports media company Nazara Technologies on Tuesday said it will acquire a 55 per cent stake in programmatic advertising and monetisation company Datawrkz for about Rs 124 crore. The transaction values the Bengaluru-based company at Rs 225 crore (approximately USD 30 million), linked to CY 22 EBITDA performance, a filing said. The Board has approved the strategic investment by the acquisition of 37,498 equity shares - representing 55 per cent of the equity share capital, on a fully diluted basis -- of Datawrkz Business Solutions Private Limited along with its wholly-owned subsidiaries at a total consideration not exceeding Rs 124 crores in two tranches, it added. The shares will be bought from existing shareholders Senthil Govindan, Karthigha Dhanabalan, K Arunprabu, Mayank Khirwadkar and Vishal Tukaranm Garale, it said. In the first tranche, Nazara will acquire a 33 per cent share for Rs 60 crore during the first quarter of FY2022-23 and it reserves an option to acquire

Vikram Dev Dutt appointed Air India chief, Manish K Gupta new V-C of DDA

Senior bureaucrat Vikram Dev Dutt has been appointed as the Chairman & Managing Director of Air India Ltd as part of a senior-level bureaucratic reshuffle effected by the Centre on Tuesday. Dutt, a 1993-batch IAS officer of AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre, is at present Principal Secretary (Tourism) in Delhi government. He has been appointed as the Air India chief in the rank and pay of Additional Secretary, an order issued by the Personnel Ministry said. The Centre had in October last year accepted Tata Sons bid of Rs 18,000 crore to acquire 100 per cent of the debt-laden state-run carrier. The takeover has not been completed yet. Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, had made the winning bid of Rs 2,700 crore cash and Rs 15,300 crore debt takeover. Manish Kumar Gupta has been appointed as the Vice Chairman of the Delhi Development Authority (DDA). Gupta, a 1991-batch IAS officer, is currently ...