Page 24 - Indian Companies
Indian SPACs to raise nearly $1 billion through IPOs in US stock market
To acquire domestic media, tech, and consumer goods firms
 "Indian SPACs to raise nearly $1 billion through IPOs in US stock market")
Furlenco raises $140 million to enter new cities, widen portfolio
Currently in 13 cities, firm will serve 15 cities by year-end, including Tier-2 market; also exploring options to enter Dubai and Singapore next year
 "Furlenco raises $140 million to enter new cities, widen portfolio")
Covid-19 pandemic: Big and organised companies escape unscathed
Analysts say when industry growth bounces back over the next few years, listed players will be better positioned
 "Covid-19 pandemic: Big and organised companies escape unscathed")
Strong deal pipeline may boost Q1 show of IT companies: Analysts
Margins will be a concern with salary hikes and attrition taking centre-stage
 "Strong deal pipeline may boost Q1 show of IT companies: Analysts")
Towards better governance
New norms for independent directors need strict monitoring
 "Towards better governance")
From Times Group to Zee, Indian media business in the post-pandemic world
The post-pandemic list tells just one story - that of utter devastation
 "From Times Group to Zee, Indian media business in the post-pandemic world")
Demand recovery key to Apollo Tyres' aggressive $5 billion revenue target
Street will watch out for capital allocation, deleveraging progress
 "Demand recovery key to Apollo Tyres' aggressive $5 billion revenue target")
A sharp turnaround
India Inc remains cautious after a robust Q4 performance
 "A sharp turnaround")
Global capability centres bet big on Indian talent to drive operations
The GCC sector comprises over 1,300 global organisations, which employ more than 1.3 million people
Productivity not deterred by shift to remote work amid Covid-19: Survey
In general, most organisations are desperate for more productivity
 "Productivity not deterred by shift to remote work amid Covid-19: Survey")
How DRDO's tech comes in handy to ramp up medical oxygen output
The compressed air is expanded in a turbine so that refrigeration is produced.
 "How DRDO's tech comes in handy to ramp up medical oxygen output")
IT players to telco giants, a clutch of Indian firms gunning for 5G market
A clutch of Indian companies is readying to make products and solutions for state-of-the-art telecom networks in India and abroad
 "IT players to telco giants, a clutch of Indian firms gunning for 5G market")
Vedantu eyes $200 mn run rate, to hit profitability by June next year
Online live tutoring platform Vedantu on Friday said it expects its revenue run rate to more than double to USD 200 million and hit profitability by June next year. Vedantu, which competes with players like Byju's, has seen month-on-month revenue growth of 50 per cent in April and May this year. Its revenue grew 4x in May 2021 over last year and its current revenue run rate is at about USD 60 million. "Currently, Vedantu is at cash flow profitability of more than 15 per cent on the unit level and is looking at achieving a USD 200 million run rate in the next 12 months with overall company profitability. The platform has a strong community of over 30 million registered users and added 22 million new users since the pandemic began," a statement said. It added that personalised access, interactive classes, and 24/7 customised content have resulted in "4X annual growth in paid subscribers to more than 200,000". Vedantu said it has witnessed majority adoption from outside the top 10 ci
 "Vedantu eyes $200 mn run rate, to hit profitability by June next year")
Headless NCLT awaits reforms to speed up resolution of pending cases
Over 20K cases pending and more than half linked to insolvency, bankruptcy
 "Headless NCLT awaits reforms to speed up resolution of pending cases")
Covid-19 pandemic: Real-time cyber watch by enterprises on the rise
Pandemic has alerted the market to view cybersecurity as a necessary investment, not just an IT project: HCL Tech
 "Covid-19 pandemic: Real-time cyber watch by enterprises on the rise")
Orios Venture announces final close of $30 mn follow-on investment fund
Launched in 2014, Orios Venture Partners has notable portfolio companies including Pharmeasy, GoMechanic, Country Delight, Beato, Mobikwik, among others.
 "Orios Venture announces final close of $30 mn follow-on investment fund")
PTC India posts 4% increase in net profit at Rs 49.77 cr for March qtr
PTC India on Thursday posted a nearly 4 per cent increase in consolidated net profit at Rs 49.77 crore for the March quarter, helped by higher revenues.
 "PTC India posts 4% increase in net profit at Rs 49.77 cr for March qtr")
Q2 countdown: Pause over, India's consumption story moving fast again
Unlock, good monsoon, better pace of vaccination and rural demand could galvanise recovery
 "Q2 countdown: Pause over, India's consumption story moving fast again")
MCA expands small firm definition, raises turnover and borrowing limits
This would enable a wider set of companies to avail of greater flexibility in the accounting standards, according to a notification issued on Wednesday
 "MCA expands small firm definition, raises turnover and borrowing limits")
Vaccine economics: Only pros, no cons
Vaccines are an amazing deal. Use the market to deliver more, more quickly
 "Vaccine economics: Only pros, no cons")
