Page 16 - Indian Companies

Promoter entity Finsider International sells entire 2.6% stake in Vedanta

Finsider International is a unit of Anil Agarwal-led Vedanta Resources, whose debt stood at around $6 bn as of March 31

Amazon says committed to 'appropriate' action in Manesar Warehouse incident

Amazon India is in constant touch with the relevant authorities and encourages them to visit its facilities to see not just the workplaces but also how the policies are implemented

Fabric maker Raymond to add over 100 stores of ethnic wear brand in FY25

Leading textile and fabric manufacturer Raymond has plans to add over 100 stores of its ethnic wear brand 'Ethnix by Raymond', the latest annual report of the company said. Raymond, which has introduced Ethnix format couple of years ago as a brand for occasions and celebrations, now has over 114 stores. The company intends to fuel growth with 'Ethnix By Raymond' as it taps into the exponentially growing segment of ethnic wear in India, it said. "As the Indian weddings are getting glitzier and people are celebrating the various occasions, we have expanded are our store footprint by taking Ethnix by Raymond to the length and breadth of the country," Chairman and Managing Director Gautam Hari Singhania said while addressing shareholders. Ethnix business is already contributing to the topline of the branded apparel segment of Raymond with its strong performance. "Going forward we will open more doors for this category and will be celebrating with Bharat by adding 100+ of new stores of

Rs 2 trillion funds tied up for expansion, says Adani Green Energy

'The entire funding for the expansion to 50 GW from the current capacity of 10.9 GW has been tied up already.'

IPO-bound startups find favour among investors amid funding resurgence

Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better

Retailers advance sales as customers stayed indoors in May to avoid heat

The mid-year end-of-season sales start typically mid-June and go on till the end of July. A few pieces go on heavy discounts towards the Independence Day weekend

Mahindra Finance's CFO Vivek Karve resigns; to pursue other interests

However, he will continue with the company beyond his notice period, till October 31, 2024, to ensure a smooth transition

Tata Electronics collab with Synopsys for design automation in Dholera

The chip design expertise from Synopsys will be utilised in Tata's upcoming semiconductor facilities in Gujarat and Assam

Snapchat announces new safety features with a focus on teenage users

The company on Tuesday introduced the features on the platform with the aim of making it difficult for strangers to contact people randomly

Short debt's share in total external debt down 2.1 percentage points: RBI

The ratio of short-term debt to foreign exchange reserves declined to 19.0 per cent at end-March 2024 from 22.2 per cent at end-March 2023

Dairy startup co Sid's Farm raises $10 million in Series A Round

Sid's Farm plans to use the funds to establish a strong presence in Hyderabad and Bengaluru by enhancing manufacturing capabilities

Special course to help independent directors read financial statements

Training by the Indian Institute of Corporate Affairs is expected to help improve compliance

A field of opportunity for Indian artificial intelligence companies

Being local is their advantage against global tech giants in the race to build large language models

Bidders of Haldiram Snacks Foods seek clarity on ownership of the brand

Bankers said prospective bidders of the company do not want any confusion over the brand in future and have sought clarity over the usage of the brand

Innovation key pillar of growth for Nestle India, says annual report

Penetration, premiumisation and innovation combined with disciplined resource allocation were the key growth drivers for the business, the report stated

Ticketing, movie business deal: Zomato, Paytm confirm talks are on

Although neither Zomato nor Paytm disclosed the valuation of the transaction, the potential deal is estimated to be in the range of Rs 1,600 crore to Rs 2,000 crore

Centipede in ice cream: Amul seeks return of tub to launch investigation

On Sunday, a woman from Noida shared photos on social media platform X, showing a centipede in the packaging

Hyundai Motor India gears up for 21% capacity boost in H2 of FY26

Creta EV and three other electric cars to be launched in India, it added

Hyundai Motor India plans to roll out nearly Rs 25,000 crore IPO

Likely to dilute 17.5% stake in country's biggest initial share sale

For firms, royalty payments have grown faster than sales since pandemic

Listed companies have seen a sharper rise