Page 34 - Companies

Orkla announces restructuring of India operations into three business units

This move will enhance the collective business capabilities and drive sharper growth focus across Business Units

Insurtech player InsuranceDekho raises $60 mn in Series B funding round

This is the second fundraise for the Gurugram-based startup in 2023, taking its total fundraise to $200 million

Tata Capital Healthcare Fund II invests $10 mn in Apex Kidney Care

To open over 60 standalone Dialysis centres in the country

Insurtech start-up Onsurity raises $24 million in series B funding round

The company said a portion of the latest funding will be allocated to the company's efforts to chart the path towards profitability

Reliance General Insurance gets Rs 922 crore GST notices from DGGI

Bankers suggest that the new tax demand could impact the company's valuation

Indian Energy Exchange to acquire 10% in Enviro Enablers India Pvt Ltd

EEIPL, through this deal will be able to augment the value offering of its Material Waste Platform (MWP)

Barclays hires Credit Suisse dealmakers in India amid firmwide job cuts

The UK bank is seeking to replenish its ranks in the market after Ashish Jhaveri, head of mergers and acquisitions for the firm in India, left for Jefferies Financial Group Inc

FDA has accepted NDA for dermatological drug Deuruxolitinib: Sun Pharma

Sun Pharmaceutical Industries Ltd said that it had submitted an 8mg twice-daily regimen of deuruxolitinib for FDA review

Banking fintech MobiKwik posts second quarter of PAT at Rs 5 crore

The Gurugram-based fintech has a registered base of 140 million users and over four million merchants

Hitachi Energy's largest global tech, innovation centre comes up in Chennai

Facility will house over 2,500 technologists specialising in transformers and grid automation

Mensa Brands raises $40 million in growth capital from EvolutionX

Mensa Brands will use the money to continue investing in brand-building

TCS to modernise unemployment claims system of US state of Georgia

Company will bring in web-based platform to apply for unemployment insurance benefits

Global giants tap Indian consumers, spend $3,600 a second on World Cup ads

Brands are likely to spend about Rs 2,000 crore ($240 million) in advertisement spots on streaming platforms during the tournament, estimates Jehil Thakkar, a partner at Deloitte India

Business growth remains robust for Bajaj Finance, M&M Financial Services

While analysts remain positive, the two stocks fell by 1.5-4.5 per cent on Wednesday

Marico's revenue to be marginally lower in Q2 due to price corrections

Domestic volume growth in low single-digits

Artha Venture announces second exit at 19-fold return from mobility firm

Company says Fund 1 drawing to a close after investing in 31 firms

TCS announces multi-year tech support deal with British retail firm Asda

Indian firm will build a new digital core to streamline Asda's supply chain forecasting, merchandising processes

300 IBC cases set to be resolved this year: Corporate affairs secretary

Creditors have recovered around Rs 3 trillion through the Insolvency and Bankruptcy Code (IBC), and the recoveries stood at more than Rs 51,000 crore last year

Airtel logs 50 mn unique customers on 5G network; covers all states, UTs

Airtel had earlier targeted rolling out 5G services in all key towns and rural areas by September. Jio aims to reach every district and town with 5G by the end of 2023

Vedanta hopeful of Centre's support for Hindustan Zinc Ltd overhaul

Company executives from both HZL and Vedanta said they expect government support for the move and it will help the government ease in with its earlier considered divestment programme