Page 158 - Companies

Greaves Electric Mobility sells over 10,000 units in December 2021

The higher growth numbers in December came on the back of Ampere's recent announcement of the launch of the company's EV Mega site

Broad-based mkt rally unlikely in 2022 amid multiple headwinds: Brokerages

They advise investors to focus on quality companies as they list their favourite picks

D2C start-up Mamaearth becomes the first unicorn of 2022 with $52 mn round

Along with launching new brands, Mamaearth's parent company Honasa Consumer will continue expanding distribution for existing brands

Former US head of Sony PlayStation launches $225 million gaming SPAC

Jack Tretton, who started his career at Sony in 1995, is now the CEO of PowerUp Acquisition Corp.

Tech Mahindra to acquire 100% stake in Allyis India, Green Investments

Tech Mahindra said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to $125 million.

Global M&A volumes hit record high in 2021, breach $5 trn for first time

(Reuters) - Global dealmaking is set to maintain its scorching pace next year, after a historic year for merger and acquisition (M&A) activity that was fueled largely by easy availability of cheap financing and booming stock markets.

Professor one of richest post SenseTime Group's red-hot debut

The Massachusetts Institute of Technology alum's wealth has jumped by $300 million to roughly $3.7 billion

Earth Energy looks to invest Rs 100 crore in two years as EV demand rises

The investment will go into ramping up production, technology and R&D, the company's CEO said

A grand tax loophole for the ultrawealthy is very easily multiplied

Once aimed at small businesses, it's a popular way for Silicon Valley founders and investors to avoid taxes on investment profits

NTPC to cut stake in renewable energy arm, hunt for strategic investors

Plans to list NREL next FY, hold global roadshows for strategic investors

ED attaches fresh assets of Kerala finance company, promoters

The agency again issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach fresh properties of these entities

Zypp Electric expects five-fold jump in turnover to Rs 25 crore

Launched in 2017, the Gurugram-based start-up earlier in September this year raised USD 7 million in Series-A funding round

Fearing the axe in 2022: Top CEOs sweat supply chain more than Covid

Big bosses are always worried about losing their jobs, especially at public companies, where the potential for a sudden adios comes with the cushy chair

Govt seeks comments on proposed changes to insolvency law

The amendments have been proposed by the Insolvency Law Committee (ILC)

Insurance broker Marsh increases stake in Marsh India from 49% to 92%

Global insurance broker and risk advisor Marsh on Thursday said it has raised its shareholding in Marsh India Insurance Brokers Pvt Ltd to 92 per cent from 49 per cent. Marsh India is a joint venture between Marsh International Holdings Inc and India-based Rampart Trust. The enhanced investment will enable Marsh to meet the increasingly complex needs of companies across all sectors of the fast-growing Indian economy and provide a platform from which it can further strengthen its presence in the future, a release said. As part of the transaction, which has been approved by the Insurance Regulatory and Development Authority of India (IRDAI), Marsh has acquired the additional stake from local partners, including the entire shareholding of the Rampart Trust, the release said. The company, however, did not disclose the financial details of the transaction. Marsh India has 18 branches in the country and serves over 5,500 corporate clients across all business sectors. Last year, the ...

China regulators nixes deal with Alibaba to share info, says report

Alibaba Cloud did not immediately report vulnerabilities in the popular, open-source logging framework Apache Log4j2 to China's telecommunications regulator

SPAC boom fizzles, investors cash out on big names

Shares of BuzzFeed, which merged with blank-check firm 890 5th Avenue Partners, have plunged 40 per cent since their debut on December 6

Health & fitness start-up Healthquad raises $1 mn from Pat Cummins, others

The fast bowler who is also the Test Captain for Australia will be the company's brand ambassador

Govt signs 140 mn euro loan agreement with KfW for energy sector reforms

The project will contribute to a more stable, secure and climate and environmentally friendly energy supply in India

Three senior executives quit financial services firm Paytm, says report

The Noida-based firm has seen several exits in the past two years