Page 13 - Indian Companies
Skillmatics raises $16 mn in series B funding round led by Sofina
Operating in a $100 billion global toys and games market, Skillmatics designs content-led games and play centric learning resources.
 "Skillmatics raises $16 mn in series B funding round led by Sofina")
Sanofi India: Strong balance sheet, high cash reserves positives for stock
Products in the price control list and growth of the non-power brand portfolio will be key monitorables
 "Sanofi India: Strong balance sheet, high cash reserves positives for stock")
Cognizant Q1 meets Street estimates; net income rises 11.5% to $563 mn
Net income was up 11.5 per cent year-on-year, but down from $576 million in the quarter ended Oct-Dec 2021.
 "Cognizant Q1 meets Street estimates; net income rises 11.5% to $563 mn")
Yesh Nadkarni appointed CEO for wholesale lending at Piramal Capital
Nadkarni joins PCHFL from global investment firm KKR, where he was managing director & CEO of the India real estate lending business.
 "Yesh Nadkarni appointed CEO for wholesale lending at Piramal Capital")
Eris acquires Oaknet Healthcare for Rs 650 cr for dermatology foray
With a revenue base of Rs 195 crore in FY22, Oaknet brings a portfolio of leading brands in dermatology and women's health to the Eris stable.
 "Eris acquires Oaknet Healthcare for Rs 650 cr for dermatology foray")
Consumer durables market hit as containers pile-up at Shanghai port
Consumer durable companies in India have stocked up on components, but inventory could start to dry-up from mid-May onwards.
 "Consumer durables market hit as containers pile-up at Shanghai port")
Adani Wilmar acquires Kohinoor rice brand in India to strengthen position
The acquisition of Kohinoor rice brand by Adani Wilmar will fuel the next level of growth for Adani Wilmar and widen the portfolio to cater to premium customer segments
 "Adani Wilmar acquires Kohinoor rice brand in India to strengthen position")
From zone chiefs to staff training: Shriram keeps ball rolling for merger
Appoints PricewaterhouseCoopers to advise on the post-merger integration
 "From zone chiefs to staff training: Shriram keeps ball rolling for merger")
L&T Finance to divest real estate, infrastructure books to reduce leverage
The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth 30,521 crore as on March this year
 "L&T Finance to divest real estate, infrastructure books to reduce leverage")
L&T Infotech and Mindtree merger to start on strong foundation: Analysts
L&T Infotech and Mindtree merger: Keeping in mind strong growth momentum, analysts tracking the sector were not too confident if this would be the right time to go in for a merger.
 "L&T Infotech and Mindtree merger to start on strong foundation: Analysts")
Five of top-10 valued firms gain Rs 67,843 cr in m-cap; HUL, Reliance lead
Five of the top-10 most valued firms together added Rs 67,843.33 crore in market valuation last week, with Hindustan Unilever Limited and Reliance Industries emerging as the biggest gainers.
 "Five of top-10 valued firms gain Rs 67,843 cr in m-cap; HUL, Reliance lead")
Russia-Ukraine war may expose 42% India firms to significant risks: Moody's
The military conflict between Russia and Ukraine is impacting companies in Asia Pacific
 "Russia-Ukraine war may expose 42% India firms to significant risks: Moody's")
Mcap of 8 of top-10 most valued companies tumble Rs 2.21 trillion
Eight of the top-10 most valued firms together lost Rs 2,21,555.61 crore from their market valuation last week, with Infosys and HDFC Bank suffering the biggest hit.
 "Mcap of 8 of top-10 most valued companies tumble Rs 2.21 trillion")
Indian startup ecosystem gains global recognition: Ashwini Vaishnaw
Terming startups as "accelerators", he said the combination of their multiplier force along with the strength of a trusted post office network can yield phenomenal results
 "Indian startup ecosystem gains global recognition: Ashwini Vaishnaw")
Beauty, personal products maker Believe raises $55 mn in Series C funding
The Series A and Series B fundraises for Beauty, personal products maker Believe were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East-based fund.
Rario raises USD 120 mn from Dream Capital, Alpha Wave Global
With Dream Capital's investment, Rario will get access to 140 million users of Dream Sports
Record number of companies registered in FY22 despite Covid
Showing resilience India has registered 1.67 lakh companies in the financial year 2021-22 (April-March), according to a report by Ministry of Corporate Affairs (MCA)
 "Record number of companies registered in FY22 despite Covid")
Trying to make India-specific portfolios, price points: Mars Wrigley CGM
We try not only the traditional ways of distributing but look at various ways of distributing through digital channels, says Parmar
 "Trying to make India-specific portfolios, price points: Mars Wrigley CGM")
Seven of top 10 firms lose Rs 1.32 trn in m-cap; Reliance biggest drag
Seven of the 10 most valued firms suffered a combined erosion of Rs 1.32 trillion in market valuation last week
OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm
The company is in discussions with potential IPO arrangers, including Goldman Sachs Group and Morgan Stanley and India's Kotak, Avendus and ICICI Securities
 "OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm")
