Page 9 - Indian Companies

Four companies receive Sebi approval for initial public offerings

Markets regulator Sebi has given its nod for the proposed initial public offerings of four companies -- BIBA Fashions Ltd, Keystone Realtors Ltd, Plaza Wires Ltd and Hemani Industries Ltd. These companies have received their respective observation letters from Sebi, according to an update on the regulator's website as on October 14. In Sebi's parlance, issuance of the observation letter implies the go-ahead from the regulator for the proposed IPO. Ethnic wear fashion label Biba Fashion, which is backed by Warburg Pincus and Faering Capital, had filed the Draft Red Herring Prospectus (DRHP) for an IPO in April. The proposed IPO comprises fresh issuance of equity shares worth Rs 90 crore and an Offer For Sale (OFS) of 2.77 crore equity shares by the promoter and existing investors, as per the draft papers. In June, Rustomjee group company Keystone Realtors has filed the preliminary papers to raise Rs 850 crore through an IPO. It consists of fresh issue of equity shares aggregating

Five-day DefExpo 2022 all set for launch in Gandhinagar on Tuesday

Prime Minister Narendra Modi is scheduled to inaugurate DefExpo 22 on Thursday

Largest ever contingent of India Inc participates in GITEX Global 2022

India had the highest number of participating companies after the host, UAE, at the four-day event

58% of CEOs in India expect a recession to be mild and short: KPMG survey

66 per cent CEOs in India compared to 86 per cent globally anticipating a recession to hit over the next year

The rise and rise of conversational AI: What is it and how does it work?

Automating routine and transactional interactions such as account management, order confirmations, returns, and address change with smart bots is on the rise.

PotHoleRaja: How one start-up is fixing roads the eco-friendly way

PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads

Why India continues to attract demand for global capability centres

According to a BCG study, India currently has over 1,500 global capability centres, with 300-500 to be added over the next five years

Fast-track mechanism on the cards to help Indian investors in UAE

The mechanism will also assist Indian companies to foray into the UAE market and expand

Cleartrip 2.0: The second coming of the 16-year-old travel company

Cleatrip, which was acquired by Flipkart in a distress sale last year now becoming one of the fastest-growing online travel platforms

Half of all Indian cos set to boost ICT budget post 5G rollout: KPMG study

The report adds that over 85% of Indian enterprises from various sectors are expecting up to 20% return on investments made in 5G and industry 4.0 use cases

13 firms ink non-disclosure agreement with Centre to use ULIP data

As many as 13 firms, including MapMyIndia, CargoExchange and Yes Bank, have signed a non-disclosure agreement with the government to access data from the Unified Logistics Interface Platform, the commerce and industry ministry said on Saturday. The Unified Logistics Interface Platform (ULIP) was launched on September 17 as part of the national logistics policy. The ministry said that 11 more organisations like Instavans and Trucks, Bosch India, Portlinks and Shiprocket are in the process of signing the agreement. The policy aims to bring ease of doing business in the logistics sector by simplifying the logistics processes, improving its efficiency, bringing in transparency and visibility, and reducing logistics cost and time. "Till date, 13 organisations - MapMyIndia, CargoExchange, Freight Fox, Conmove, Intugine, Eikonatech, Yes Bank, Superprocure, CargoShakti, CloudStrats, Shyplite, APSEZL, and AITWA have signed Non-Disclosure Agreement (NDA) to access data on ULIP," the ministry

Rothschild plans to hire 7 bankers in India before year-end for expansion

The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession

Walmart on a drive to attract Indian sellers to its Canadian marketplace

The US retail giant operates more than 400 stores and is one of the largest online retailers and fastest growing marketplace platforms in Canada

Dubai-based Mark ab Capital invests Rs 350 crore in Shriram EPC equity

The Dubai-based company has bought 26.48% stake in the turnkey solutions firm and has become its promoter

12th DefExpo set to be first-ever edition exclusively for Indian companies

The upcoming 'DefExpo 2022', slated to be held in Gujarat's Gandhinagar, is set to be the first-ever edition exclusively for Indian companies, the Ministry of Defence said on Saturday. Over 1,000 exhibitors have registered and the numbers are anticipated to be the highest-ever recorded during the previous editions of DefExpo, it said. Defence Secretary Ajay Kumar comprehensively reviewed the preparations for the event, scheduled to be held from October 18-22, during the Apex Committee meeting here on Saturday, the ministry said in a statement. Chief Secretary, Government of Gujarat, Pankaj Kumar and other senior officers of the state government as well as the Ministry of Defence attended the meeting. "The 12th edition of DefExpo is scheduled to be held in Gandhinagar, Gujarat between October 18-22, 2022 in a first ever four-venue format which promises to engage the public and inspire them to join the aerospace and defence manufacturing sector for 'Aatmanirbharta' in defence," it ..

Happilo: Farmer's son and a nutty biz selling good health in small packs

Vikas Nahar's enterprise does Rs 40 cr a month on average, selling exotic and local nuts processed at 16,000 sq ft of processing space that he now plans to scale up by another 100,000 sq ft

Indian cos leading global fight against climate change: Mahindra Group MD

India can take the lead in the global fight against climate change as a number of homegrown companies are already leading the march, Mahindra Group MD & CEO, Anish Shah said on Tuesday. Global warming has resulted in a number of natural disasters and if it continues unabated it would lead to catastrophic consequences, he said while speaking at the FICCI LEADS 2022 event here. "We've seen our Prime Minister (Narendra Modi) make some very bold statements, including getting to 50 per cent renewable energy by 2030, and that is really an acknowledgement of the fact that India can lead the world on this," Shah said. He further said, "a number of Indian companies have been leading at the world stage in this, as well by looking at new technologies, by looking at green materials coming in by decarbonising industries." Therefore, Shah said, "It's something that we cannot ignore and say we are a developed country or a developing country and it's for others to solve. We have to be able to ...

With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks

The FY21 revenue figure of Rs 2,428 cr is similar to the revenue figure of Rs 2,434 cr in the previous year, though the difference is that the bottom line in 2019-20 showed a profit of Rs 51 cr

Indian refiner Nayara Energy appoints Prasad K Panicker as chairman

Despite a challenging external environment, Nayara Energy said it has developed an articulated strategy for a phased expansion into petrochemicals

India Inc is beginning to take baby steps towards LGBTQ+ inclusion

Tata Steel, Godrej Consumer Products among those ushering in change