Page 12 - Indian Companies

Zomato shuts down intercity 'Legends' services with immediate effect

Zomato had launched its intercity food delivery service in August 2022 to offer consumers delicacies from across ten cities in India from the comfort of their homes

LIC Housing Finance raises Rs 1,050 crore through 5-year bond at 7.75%

The greenshoe option gives the underwriter the right to sell investors more bonds than planned if the demand is higher than expected

Godrej & Boyce targets mkt share boost with battery-powered forklift truck

The BMS was developed in collaboration with Log9 Materials and currently boasts 30 per cent localisation

Wipro extends relationship with John Lewis Partnership for 4 years

As part of this engagement, Wipro FullStride Cloud will extend JLP's current cloud infrastructure, network, and end-user services for another four years

Global caution sends private equity-backed M&A deal value to 6-year trough

A private equity fund gathers money from investors, particularly high networth individuals and invests in high-return opportunities

Paytm to refocus on delivering sustainable, profitable biz model: Sharma

This comes after One97 Communications, the company operating Paytm brand, handed pink slips to employees in the March quarter of FY24

Tata's Rs 6K cr plant for iPhones likely to start operations in November

Hosur factory to be second assembly plant for Tata

India will need around 100K company secretaries by 2030, says ICSI

India will need around 1 lakh company secretaries by 2030 amid rising economic growth and increasing focus on good governance, according to the company secretaries' apex body ICSI. Currently, there are more than 73,000 company secretaries and out of the total, around 12,000 are practising company secretaries. Company secretaries play a key role in the corporate governance framework in ensuring compliance of companies with various statutory requirements. Institute of Company Secretaries of India (ICSI) President B Narasimhan said there has been a paradigm shift in the way the country's economy is perceived today and company secretaries have essentially become a significant linchpin in making India one of the most preferred investment destinations of the world. India will need around 1 lakh company secretaries by 2030, he told PTI during a recent interaction. On an average, the ICSI gives membership to over 2,500 people every year. Going by projections, India is expected to become

Warburg Pincus buys majority stake in furniture fittings maker Ebco

Ebco is one of India's oldest and most prominent furniture fittings and architectural hardware brands, said a company statement

Large deals power paradigm shift in India's venture capital terrain

Additionally, the total number of high-value deals above $100 million increased from seven to eight

Apollo Hospitals Q1 FY25 results: Net profit rises 83% to Rs 305 crore

During the period under review, the company's revenue grew by 15 per cent to Rs 5,086 crore, compared to Rs 4,418 crore during the same quarter last fiscal

Fischer Medical Ventures to launch locally made affordable CT scan machines

Fischer Medical Ventures is actively looking to expand its portfolio through acquisitions and investments in high-tech medical imaging and technology solutions

Revenue for Indian API companies to grow at 7-8% CAGR by 2029: ICRA

The industry is also expected to see a mild improvement in operating profit margins (OPM) to 12 to 14 per cent in financial year 2025 (FY25), from the estimated 11 to 13 per cent in FY24

Honasa Consumer expects Rs 1,000 cr ARR from The Derma Co in next 3-5 years

Honasa Consumer expects its skin care brand The Derma Co to reach an annual revenue run rate of Rs 1,000 crore in next three to five years, according to the FMCG maker's latest annual report. Besides, the company also expects its other skin care brand Aqualogica and hair care brand Dr. Sheth's to enter the Rs 500-crore ARR (annual revenue run-rate) club and BBLUNT to reach Rs 250 crore ARR by then. Its flagship brand Mamaearth, which plays across face, hair, and body segment, has already become the fastest-growing BPC (Beauty and Personal Care) brand to reach an annual revenue of Rs 1,000 crore and became the sixth-largest multi-category brand. "The other brands in our 'House of Brands' portfolio hold enormous potential as well. In the next three to five years, we expect The Derma Co to enter the Rs 1,000-crore ARR club, Aqualogica and Dr. Sheth's to enter the Rs 500-crore ARR club, and BBLUNT to enter the Rs 250-crore ARR club," said its founders Ghazal and Varun Alagh addressing

'Something big soon India': Hindenburg Research eyes new target after Adani

Hindenburg has targeted several well-known companies, including Adani Group, Nikola, Clover Health, Block Inc, Kandi, and Lordstown Motors

Bank of Baroda, Canara Bank, and UCO Bank hike MCLR by 5 basis points

UCO Bank reduces T-bill benchmark linked rates

Merck Life Science partners with Aragen to boost biotech R&D in India

Merck Life Science will supply equipment and technologies to Aragen, facilitating a more efficient clinical-to-commercial process timeline

At 18% export growth rate, India may touch $1 trn goal by 2028-29: PwC

In the "Conservative" case, if exports grow at the rate of 10 per cent, India would have to wait until 2032-33 to meet the target of $1 trillion in exports

No back-door entry for defaulting promoters: FM Nirmala Sitharaman

Statement comes in response to concerns over haircuts in insolvency cases

Improving outlook may drive further gains in Godrej Consumer Products

GCPL has delivered industry-leading volume growth in India and it may record double-digit earnings growth over FY24-26