Page 27 - Companies News

The Souled Store raises Rs 135 cr from Xponentia, mulls IPO in next 3-4 yrs

The firm will use the fresh capital to expand into new product categories and launch over 100 stores pan India within the next 2 years

Special Situations Fund: Kotak Mahindra Bank arm raises $1.25 billion

The overall targeted amount for the second fund, which will be domiciled in the GIFT City, is $1.6 billion

Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore

Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company

Saj Food Products likely to touch a revenue of Rs 2,500 cr in FY24

The Kolkata-headquartered company, which owns Bisk Farm' brand, is likely to close the current financial year with a revenue of around Rs 2,100 crore

Alibaba splits into six units, plans new IPOs in historic overhaul

The move frees up the Chinese company's main divisions from e-commerce and media to the cloud to operate with far more autonomy, laying the foundation for future spinoffs and market debuts

Hike in withholding tax rate: Indian arms of MNCs may not feel sharp pain

India's tax treaties with most major economies cap withholding tax on royalties and technical fee at 10%

Tamil Nadu's Hosur belt switches on as hub for EVs, ancillary units

Tamil Nadu is pulling out the stops to develop this north-western region of the state as a centre for the EV industry

Highdell Investment sells 2.26% stake in Kalyan Jewellers for Rs 256 cr

The shares were offloaded at a price of Rs 110.04 apiece, taking the transaction size to Rs 256.67 crore, as per the data

Cracking the whip: 18 drug companies lose licence over spurious medicines

Move comes after Drugs Controller General of India conducts inspection on 76 drug firms in 20 states

Warburg sells 2.3% stake in Kalyan Jewellers, mops up Rs 257 crore

PE major's holding in the Thrissur-based gold retailer falls to 24.06% from 26.36%; Shares of Kalyan Jewellers dip 9.1% to end at Rs 107.9 on the NSE

Jindal Stainless to invest Rs 1,200 cr in nickel pig iron JV in Indonesia

JSL says it is the first strategic partnership by an Indian company for securing a stake in a nickel reserve abroad

US-based cloud computing firm Rackspace to lay off 4% of workforce

The company said that it will provide severance and other resources to those employees who are laid off, the report mentioned

Automaker SML Isuzu to raise prices to offset higher input costs

Chandigarh-based SML Isuzu also said its costs were rising due to fitting its buses with electronic stability control technology, which helps prevent losing control of a vehicle

Ex-Flipkart exec-led Flash.co launches new shopping email ID to reduce spam

The firm has tied up with over 40 known brands to offer a variety of rewards, cashback, and flat discounts across multiple categories including fashion, lifestyle, consumer-tech and D2C

First Solar, Reliance, Avaada Group among winners of $2.4 bn green aid

The 39.6 gigawatts of manufacturing capacity is expected to require investment of 930.4 billion rupees, according to a government statement

Vedanta board approves Rs 7,621 crore of interim dividend for FY23

Vedanta Ltd on Tuesday said its board has approved an interim dividend of Rs 7,621 crore for the current financial year

Air India's low-cost subsidiaries move to single unified reservation system

The two carriers, Air India Express and AirAsia India, have also adopted a common social media and customer support channel; air operating permits and regulatory posts to be merged later

AI Express, AirAsia India launch unified reservation system for passengers

Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website

Telecom industry's financial health needs to improve: Bharti Enterprises

Bharti Airtel and Reliance Jio are the two main players in the sector at present

Honda introduces new Activa125, compliant with latest BS-VI norms

Honda Motorcycle & Scooter India on Tuesday said it has launched latest version of its scooter Activa125 with upgraded engine priced at Rs 78,920 (ex-showroom, Delhi)