Page 63 - Companies

Cloud remains long-term investment priority for 70% corporations: TCS study

75% respondents say they invested in AI, machine learning capabilities in the past two years

PE player ChrysCapital invests $100 million in eyewear brand Lenskart

The latest investment brings Lenskart's total capital infusion to nearly $850 million within the past year

ITC's FMCG revenue up 20% in FY23 as it aims to de-risk from tobacco biz

ITC's revenue growth is impressive as compared to 9 per cent in FY22 and 11 per cent in FY21

Startup funding dips 71% in 2023; consumer, environment tech sectors shine

Consumer tech start-ups, offering technology-driven products and services to consumers, have managed to corner the most funding at $1.6 billion

Jettwings, new regional airline for northeast states, plans takeoff in Oct

In India, the first E175 jet with 12 business class and 64 economy seats was inducted by regional airline StarAir in May

Concor disinvestment: Dipam may seek finmin, inter-ministerial group help

Govt seeks to sell stake worth Rs 12,000 cr in national transporter this fiscal as part of disinvestment target

State-owned BSNL behind private telecom firms in rural, urban markets

In March 2020, BSNL had a rural market share of over 7% with a subscriber base of 37 million; Jio and Airtel had a market share of nearly 34% each during the same period

Sony likely to seek forensic audit of Zee Entertainment, say lawyers

The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director

Mortgage lender Aviom India raises $30 mn for business expansion

Company runs programme that offers loans to women who don't have formal income documentation

SAT to take up Zee Ent promoter plea against Sebi order on June 15

'Principles of natural justice' not followed, say legal representatives

Peak XV Partners received 15x return on its investment in Go Fashion

In November 2014, Peak XV Partners had acquired a 33.3 per cent stake in Go Fashion for Rs 60 crore

Gangwal family may sell up to 8% stake in Indigo via block deals by July

The family is bringing its stake down since September last year when it first sold a tranche of 2.8 per cent worth Rs 2,000 crore

Nasdaq to acquire financial services software company Adenza for $10.5 bn

Nasdaq on Monday said it has acquired Adenza, a company that develops risk-management and related regulatory software for the financial services market, for $10.5 billion

JSW Cement raises Rs 400 cr via sustainability-linked loan from BNP Paribas

In October last year, the company had signed another SLL agreement of Rs 400 crore with Japan's Mitsubishi UFJ Financial Group

Sebi's SCORES platform disposes of 2,457 complaints against cos in May

A total of 2,457 complaints against companies and market intermediaries have been disposed of through Sebi's SCORES platform in May. At the beginning of May, as many as 2,984 complaints were pending, and 2,626 fresh complaints were received, according to the data released by markets regulator Sebi on Saturday. The regulator also noted that as of May 2023, 28 complaints were pending for more than three months, the data showed. These complaints were related to investment advisers, research analysts, corporate governance/ listing conditions, minimum public shareholding, venture capital funds and takeover/ restructuring. The average resolution time for a complaint was 31 days, as per the data. In a separate public notice, the markets watchdog Sebi mentioned 12 entities against whom complaints have been pending for more than three months on SCORES as of May 2023. The entities included Brightcom Group Ltd, Ankur Jain, Research Guru, Umesh Kumar Pandey proprietor -- Aurostar Investment

$1.2-billion loan dispute: Byju's' legal battle worries key investor

"They are extremely concerned," said the person familiar with the matter. "They have dispersed some tranche of the amount and may not disperse further"

Zydus begins Phase-IV trial for non-alcoholic fatty liver disease drug

Saroglitazar Mg has been studied in two well-controlled Phase 3 clinical trials in patients with NAFLD and NASH in India

Byju's lenders say lawsuit is meritless, designed to dodge obligations

Lenders says will continue to work in good faith with firm to cure its numerous defaults, but reserves rights to enforce credit agreement if Byju's intentionally remains in default

Tanla to acquire ValueFirst Group in all-cash deal of up to Rs 395 crore

Enterprise messaging firm Tanla said it will acquire peer ValueFirst and its subsidiaries in an all-cash deal ranging up to Rs 395 crore. Tanla will acquire 100 per cent stake in ValueFirst Digital Media Private Limited from US-headquartered Twilio for an all-cash consideration of USD 42 million (Rs 346 crore), subject to upward closing adjustments in the range of USD 2.5-3.5 million (Rs 20-29 crore), Tanla said in a filing on Thursday. The acquisition is expected to close in July 2023. It will also acquire ValueFirst Middle East FZC for a cumulative consideration of Rs 20 crore through a combination of primary investment and a secondary purchase from the existing shareholders, subject to closing conditions, according to the filing. The acquisition of ValueFirst Middle East FZC is expected to close by September 2023. "Acquisition of ValueFirst will further strengthen our undisputed market leadership in India. We only believe in purposeful acquisitions and have had an incredible tr

From Dunhill to Roberto Cavalli: 24 global brands to enter India this year

In the last few months, McLaren, Valentino, and Balenciaga, among several others, have debuted in India