Page 155 - Companies
Housing finance co, 8 NBFCs surrender certificates of registration to RBI
The eight NBFCs too cannot carry out the business of non-banking financial institutions
 "Housing finance co, 8 NBFCs surrender certificates of registration to RBI")
Braithwaite & Co aims at Rs 2,500 crore revenue, IPO by FY26
State-run Braithwaite & Co Ltd is aiming at a four-fold increase in its revenue to Rs 2,500 crore and planning to hit the capital market with an Initial Public Offer by the 2025-26 fiscal, a top company official said on Thursday. The public sector undertaking has made a turnaround in the last three years and posted Rs 609 crore revenue in 2020-21, he said. The PSU company under the administrative control of the Ministry of Railways is expecting to touch Rs 700 crore topline in the current fiscal. We have already achieved Rs 488 crore revenue till the third quarter (October-December) of the current financial year and are on track to post Rs 700 crore turnover by March. We are confident to have a topline of Rs 2,500 crore by FY26, Braithwaite & Co Ltd chairman and managing director Yatish Kumar said. The company now has an order book of Rs 1,700 crore. "We will go for listing to raise money via IPO after achieving a revenue of Rs 2,500 crore and a healthy profit for better ...
 "Braithwaite & Co aims at Rs 2,500 crore revenue, IPO by FY26")
Yara and Lantmaennen to launch 'fossil-free' fertilisers in Sweden
Norway's Yara and Sweden's Lantmaennen will next year introduce products that could eventually become the world's first fossil-free nitrogen fertilisers, the companies said
 "Yara and Lantmaennen to launch 'fossil-free' fertilisers in Sweden")
Chip firm TSMC Q4 profit rises 16.4% to a record, beats market forecasts
TSMC posted a 16.4% rise in quarterly profit to a record, thanks to robust global demand for semiconductors
 "Chip firm TSMC Q4 profit rises 16.4% to a record, beats market forecasts")
PointOne Capital announces final close of its maiden Rs 50 crore fund
The fund has onboarded Silicon Valley and India-based entrepreneurs, CXOs and seasoned corporate, startup leaders and mid-sized family offices as its LPs
 "PointOne Capital announces final close of its maiden Rs 50 crore fund")
PGCIL inks pact with Africa50 for Kenya Transmission Project
Once completed, the project will be the first independent power transmission (IPT) in Kenya and will set a reference point in Africa
 "PGCIL inks pact with Africa50 for Kenya Transmission Project")
Precision Shipyard land to boost shipbuilding capability: Titagarh Wagons
The land and facility was acquired under an auction sale by Union Bank of India
 "Precision Shipyard land to boost shipbuilding capability: Titagarh Wagons")
Philips sees Q4 earning dipping 40% due to part shortage, ventilator recall
Philips on Wednesday said it expected fourth-quarter core profit to drop around 40% to about 650 million euros ($739.25 million)
 "Philips sees Q4 earning dipping 40% due to part shortage, ventilator recall")
ToolJet raises $1.5 mn in seed funding round led by Nexus Venture Partners
The company intends to use the funding for team expansion to accelerate the development of the core platform of ToolJet
 "ToolJet raises $1.5 mn in seed funding round led by Nexus Venture Partners")
Neobank Kaleidofin raises $10 million in series B round of funding
The latest fundraise takes the total funds raised by Kaleidofin till date to $18 million
 "Neobank Kaleidofin raises $10 million in series B round of funding")
Apple iPads with 15-inch OLED display likely not possible till 2024
Future Apple iPads that are likely to sport up to 15-inch OLED displays might not be possible till 2024.
 "Apple iPads with 15-inch OLED display likely not possible till 2024")
DB Realty seeks shareholders nod to raise up to Rs 563 cr via warrants
The company informed that an extraordinary general meeting (EGM) has been called on February 2 to consider this proposal
 "DB Realty seeks shareholders nod to raise up to Rs 563 cr via warrants")
Tencent to acquire Xiaomi-backed Black Shark for $470mn: Report
Tencent Games, the world's largest gaming company with hits like PUBG: Mobile and Arena of Valor, is reportedly planning to acquire Xiaomi's BlackShark Gaming division
 "Tencent to acquire Xiaomi-backed Black Shark for $470mn: Report")
DMI Finance raises $47 mn in equity investment from Sumitomo Mitsui, others
DMI Finance, lender since 2009, is the non-banking financial company of the DMI Group
 "DMI Finance raises $47 mn in equity investment from Sumitomo Mitsui, others")
Agritech startup Pepper Farms raises $1 mn as seed funding from investors
Agritech startup Pepper Farms has raised $1 million (around Rs 7.39 crore) from investors to grow its business
 "Agritech startup Pepper Farms raises $1 mn as seed funding from investors")
Product management platform Zeda.io raises $1.2 mn in seed capital
Zeda.io's one-stop comprehensive product management suite is designed to simplify the processes by bringing together all things needed to define, manage and collaborate on products
 "Product management platform Zeda.io raises $1.2 mn in seed capital")
Japan's Mizuho to acquire US private equity agent Capstone: Report
Mizuho Financial Group plans to acquire US private equity placement agent Capstone Partners, a person familiar with the matter said
 "Japan's Mizuho to acquire US private equity agent Capstone: Report")
Binance CEO Changpeng Zhao is now worth over $100 billion
Zhao's fortune could be significantly larger, as the wealth estimate doesn't take into account his personal crypto holdings
 "Binance CEO Changpeng Zhao is now worth over $100 billion")
Greaves Cotton soars 20%, hits all-time high on the back of heavy volumes
Up 52% so far in Jan; demand has surged after EV arm reported strong sales
 "Greaves Cotton soars 20%, hits all-time high on the back of heavy volumes")
Investor optimism on Q3 earnings propels indices; Sensex rises 651 points
Nifty rises 1% to close above 18,000 for first time since November 15
 "Investor optimism on Q3 earnings propels indices; Sensex rises 651 points")