Page 156 - Companies

Fintech startup Pine Labs seeks to raise $500 million in IPO: Report

Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving ahead with preparations for a US listing and seeks to raise about $500 million

Paytm records over four-fold jump in loan disbursals in Oct-Dec 2021

Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter

Sunteck Realty sales bookings rise marginally to Rs 352 cr in Dec quarter

Mumbai-based Sunteck Realty on Monday reported a marginal increase in its sales bookings to Rs 352 crore for the quarter ended December 2021. Its sales bookings stood at Rs 349 crore in the year-ago period, according to a regulatory filing. During April-December period of the current fiscal, the company's sales bookings grew by 23 per cent to Rs 800 crore from Rs 651 crore in the corresponding period of the previous year. The company said that in the last 18 months, it has acquired around 23 million square feet of development potential across five projects at Vasai West, Vasind, Borivali West, Kalyan (Shahad) and Pen-Khopoli, totalling to an "estimated Gross Development Value (GDV) of Rs ~20,000 crores." In the forthcoming quarters, Sunteck has a slew of project launches lined-up both in the premium and aspirational residential segments. "These launches will lead to continued growth momentum in the pre-sales of the company and thereby, grow our market share," it added. Last week,

Ousted James Hardie CEO rejects claims of concerns related to conduct

Executive Chairman Mike Hammes later said on a conference call that he had urged CEO Jack Truong to change his behaviour but a "sincere change" had not occurred.

Alliance Air issues tender to refurbish entire fleet of 18 ATR-72 aircraft

Alliance Air, a subsidiary of Air India, has issued a tender to refurbish its entire fleet of 18 ATR-72 aircraft.

Amazon challenges CCI's suspension of 2019 Future deal: Report

Amazon.com Inc has filed a legal challenge at an Indian tribunal against the national antitrust agency's suspension of a 2019 deal with Future Group

AMO Electric to raise $100 mn to expand product range, sales infra

Electric two-wheeler maker AMO Electric is looking to raise about USD 100 million next fiscal as it looks to scale up R&D to introduce new products, expand manufacturing capacity and enhance sales infra across the country in order to consolidate its position in the sector. The Noida-based company currently sells four electric scooters through a sales network of over 150 outlets across the country. "The electric two-wheeler segment is poised for tremendous growth over the next few years. In order to consolidate our position, we are looking to raise around USD 100 million next financial year. This will give impetus to the R&D endeavours and enable us to try to be among the top three players in the industry," AMO Electric Founder and MD Sushant Kumar told PTI in an interaction. The company is in talks with various financial institutions for raising the capital, he added. Kumar noted that the company plans to launch two new products in the current quarter and four new high speed ..

Amansa sells shares of CG Power and Industrial Solutions worth Rs 351 cr

This took the total deal value to Rs 350.83 crore

Spandana Sphoorty seeks forbearance and a waiver from its lenders

The company suffered a loss of Rs 58.87 crore in the September quarter (Q2FY22) on a sharp rise in impairments and other provisions

Hinduja Global Solutions shares tank 20% on likely promoter loan

On Friday, the stock fell to Rs 2,855 a share, dragging its market valuation to Rs 5,967 crore.

Zuddl raises $13.35 mn in Series A funding led by Alpa Wave Incubation

The virtual events market space is expected to grow at about 24 per cent CAGR over the next few years according to research firm, Grand View Research

ReNew Power raises $400 million from global debt investors

The money will be used to refinance existing high-cost debt and fund capital expenditure

Hero MotoCorp appoints Arun Jaura as CTO; chief compliance officer resigns

Two-wheeler maker Hero MotoCorp on Friday announced the appointment of industry veteran Arun Jaura as its chief technology officer (CTO) to lead the company's research and development (R&D). The company, in a statement, also announced the resignation of Neerja Sharma, company secretary and chief compliance officer. Jaura, who was the managing director of Michelin India Technology Center before taking up the current position, reports to Hero MotoCorp Chairman and CEO Pawan Munjal, the company said in a statement. Vikram Kasbekar, who has been leading the R&D function at Hero MotoCorp in the past two-and-a-half years, will support Jaura for a seamless transition and continue to work on some key assignments in the coming months, it said. The appointment of Jaura, a global technology expert, is aimed at strengthening the company's leadership team amid its continued focus on its vision 'Be the Future of Mobility', Hero MotoCorp said. Sharma has decided to take a pause and refresh .

HCL Tech completes acquisition of 51% stake in German IT company GBS

In December, HCL Technologies had announced that it will acquire 51 per cent stake in GBS

Macrotech Developers Q3 sales bookings up 40% to Rs 2,608 crore

Macrotech Developers, one of the leading real estate developers in India, markets its properties under Lodha brand

Competition increases in flexi-cap funds category, shows data

The net assets under management of the flexi-cap category ballooned from Rs 75,600 crore in January 2021 to Rs 2.14 trillion as of November 2021

Reliance raises $4 bn in India's largest-ever foreign currency bonds issue

'The issue was nearly 3 times oversubscribed with a peak order book aggregating $11.5 bn and was priced through RIL's secondary curve,' a company statement said

Yojee teams up with Here Tech to create operations intelligence solution

Cloud-based logistics platform Yojee has teamed up with Here Technologies to create a unique operations intelligence solution to transform warehouse management for global companies

I don't think we are a media company: Meta, India's vice president & MD

In the last 18 months, a lot of what we have been talking about has been put in place, said Mohan

Toshiba no 2 shareholder urges EGM vote on break-up plan as investors carp

The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan