Page 34 - Company News

Abakkus Mutual Fund to debut with flexi-cap scheme launch on December 8

New entrant Abakkus Mutual Fund will launch its first equity scheme, Abakkus FlexiCap Fund, on December 8, with Sanjay Doshi as fund manager and Sunil Singhania in an oversight role

Equitas Small Finance Bank looking to offload ₹352 bad loans to ARCs

The bank plans to sell ₹308 crore of stressed loans comprising 9,194 accounts on a cash or cash-and-security-receipts basis

Finfactor raises $15 million in Series A, led by WestBridge Capital

Funds will boost analytics, product development, and support Finvu Account Aggregator's growth in lending and wealth management

HUL names Vandana Suri executive director for home care from 1 January

Hindustan Unilever has named Vandana Suri to its management committee as executive director for home care, succeeding Srinandan Sundaram, who will become CEO of Unilever International from 1 January

Bandhan Bank's ₹7,000 crore MFI portfolio sale evokes interest from ARCs

At right price, ARCs are eager to acquire the portfolio

Agentic AI critical for growth trajectory, says Salesforce South Asia CEO

Arundhati Bhattacharya, president and CEO, Salesforce South Asia, says agentic AI is crucial for India's growth, boosting productivity, digital transformation, and workforce upskilling across sectors

Shapoorji Pallonji Finance eyes bonds to raise funds in early FY27

Shapoorji Pallonji Finance plans to tap the bond market in early FY27 but says high borrowing costs make a rating upgrade essential

Mindspace Reit acquires three premium office assets for ₹2,916 crore

The board of the manager of the Reit has approved the acquisition and also a preferential issue of units aggregating up to ₹1,820 crore

Decathlon India eyes 10-city qcom push, aims to double market share by 2030

Decathlon India is set to scale its Q-com offering to 10 more cities after successful pilots, while expanding large experience-led stores and targeting a doubling of its market share

Arnifi expands India footprint with new Bengaluru office, plans to hire 100

Dubai-based entity setup and management platform Arnifi has launched its new office in India at Bangalore and looks to hire 100 people, its founder Manu Midha said. This new setup, located in Bangalore, marks a major expansion of its presence in India, the founder said. The company announces plans to hire over 100 people and invest in technology and talent capabilities, Midha said. Arnifi India aims to support more companies looking to invest and set up their entities in overseas markets, Midha said, adding that so far, more than 500 companies have set up businesses in global markets through Arnifi. Many of them export services and products overseas, thereby generating the much-needed foreign exchange inflows into the country. Last week, UAE Ambassador to India Abdulnasser Alshaali had said that the India-UAE Startup Series, launched in June this year, was turning economic diplomacy into a real-world opportunity, with the largest start-up initiative attracting more than 10,000 ...

Motilal Oswal Alternates plans maiden private credit fund worth ₹3,000 cr

Motilal Oswal Alternates, the alternative investment platform of financial services group Motilal Oswal, on Thursday said it is entering into private credit space, with a new fund that targets to mobilise Rs 3,000 crore. This marks the group's entry into the country's fast-growing private credit market with a differentiated multi-pronged investment strategy, at a time when India's credit landscape is undergoing a structural shift. In a statement, Motilal Oswal Alternates said it has initiated regulatory processes to launch its private credit arm. "The maiden fund proposes to raise Rs 3,000 crore, including the green shoe option of Rs 1,500 crore," it added. The proposed fund looks to invest in growth capital and special situation-oriented transactions. Motilal Oswal Alternates has raised over Rs 23,000 crore across 11 private equity and real estate strategies and is poised to exceed USD 3.5 billion in assets under management over the next year with the addition of the private cred

Ace International raises ₹305 cr to build dairy nutrition hub in Andhra

Funding from FMO, responsAbility, Incofin, and Fiedlin will back a greenfield facility in Kuppam, aimed at high-performance, customised nutrition ingredients

India's new test for Permanent Establishment: Control over Presence

The Hyatt case has reignited a debate over what constitutes a permanent establishment, with courts increasingly focusing on the 'form over substance' principle

CAFE weight relief unfairly benefits one OEM, says JSW MG Motor

Small car protection in CAFe norms is a global norm and in national interest, says Maruti

India will soon have fully domestic supply chain in solar: ReNew CEO

There are a few reasons why we chose Andhra Pradesh for our investments. It is blessed with good renewable energy resources, said Sumant Sinha

Xoriant buys quality engineering firm TestDevLab to expand its presence

The deal, value of which is not disclosed, is Xoriant's fourth acquisition in the last three years, which include Fexle Services and MapleLabs last year and Thoucentric in 2023

Morphle Labs raises $5 million to automate core of cancer diagnostics

Inflexor Ventures-led round backs robotic microtomy and high-throughput imaging systems as the startup accelerates global expansion and regulatory approvals

Juspay, Sabre Direct Pay partner to drive payments for travel merchants

Juspay has partnered with Sabre Direct pay to modernise global travel payments, offering local methods, faster checkout, cross-border capabilities, and enhanced security through tokenisation

KKR, PSP Investments inject capital to boost Lighthouse Learning network

KKR and PSP Investments have injected fresh capital into Lighthouse Learning to help the education group expand its school network, boost teaching and tech capabilities, improve operations

ChatGPT Go's free year turns Indian markets into its biggest test bed

OpenAI rockets to No. 1 on Play Store, but slipping revenue ranks reveal a tougher question: will Indians pay once the free ride ends?