Business News Today

Peerless group poised for growth, targets Rs 1,000 crore turnover

PGFI's revenues for the year ended March 31, 2022, had stood at around Rs 498 crore while profit for the year was at 102.76 crore. But pre-Covid, turnover was in the region of Rs 535 crore

Indian semiconductor industry may benefit from the proposed US CHIPS Act

US Chips act has a total outlay of $53 billion, five times India's PLI scheme for semiconductors which amounts to $10 billion

Local language tech platform VerSe goes global, expands to West Asia

VerSe Innovation, which was recently valued at $5 billion in a funding round, has rolled out the offering of its content platform Dailyhunt in the Middle East countries

IFB Agro board approves contributions up to Rs 40 cr to political parties

Firm mentions in Stock exchange filing that it was writing in continuation of earlier letters to boures wherein it had intimated about excise issues affecting it

Venture capital firm 3one4 Capital elevates Nruthya Madappa to Director

3one4 Capital closed a total of 51 deals in 2021 - 28 early stage and 23 in growth and late stages

BVG India sees topline at Rs 2k cr this fiscal, to double headcount by FY25

While the 3i Group 26 per cent in the company and will be existing and 30 per cent are with angel investors

Darwin Platform Infrastructure wins financial bid for Lavasa Corporation

DPIL has proposed a payment plan and schedule that includes upfront payment (Rs 100 crore)

Prosus joins top league of global investors after India's BillDesk buy

Naspers' digital investment arm now has India exposure of $10 billion

BigBasket co-founder makes a silent exit, plans to build new business

Abhinay Choudhari is building his laundry offering on affordability and a quick turnaround time of 24 hours

upGrad to tackle next phase of evolution through three distinct pathways

upGrad recorded an annual run rate of $120 mn for the year ended March 2021

ICICI Lombard, SVAAS Wellness tie up for cashless outpatient services

It is a first-of-its-kind integrated and cashless digital health solution in India, the statement said

B2B e-commerce startup Udaan to tap $100-bn opportunity in small-town India

Udaan is expanding into building a digital trade ecosystem and aims to have 10% of the total transactions worth $1 trillion on its platform in the next few years

Tumblr's parent company buys popular podcast app Pocket Casts

The co-founders, Russell Ivanovic and Philip Simpson, will remain in charge of the Pocket Casts team

Four of top-10 firms add Rs 68,458 crore in m-cap; HUL, Infosys top gainers

The valuation of Infosys jumped Rs 24,628.79 crore to Rs 6,41,108.34 crore.

Top headlines: Grasim Q4 net rises 13%; BSE sees a new milestone

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Top headlines: Delhi's positivity rate at 1-month low; Bitcoin below $50k

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Happiest Minds Technologies' Q4 consolidated net profit zooms to Rs 36 cr

In dollar terms, the revenue stood at $30.2 million, up 18 per cent year-on-year and 15.4 per cent sequentially

Top headlines: Maruti Suzuki hikes prices; Mindtree Q4 net climbs 54%

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Top headlines: Wipro Q4 net jumps 28%: US imposes sanctions on Russia

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Top headlines: TCS Q4 net rises 15%; factory output contracts 3.6% in Feb

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