Lenskart Raises $200 Million from Temasek and Fidelity, Reaching $5 Billion Valuation
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With this, the company, founded by Peyush Bansal, has raised close to $1 billion in the last 18 months. According to Avendus Capital, the startup's financial advisor, this is one of the largest rounds at this growth stage anywhere in the world.
Hero Fincorp Approves Rs 4,000 Crore Initial Public Offering
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The IPO will have a combination of new shares and an offer for sale by certain current and eligible shareholders of the company.
With net profit of Rs 100 Crore, FY 24 becomes first profitable financial year for OYO
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Ritesh Agarwal emphasized that this milestone marks the company's first net profitable year, with nearly Rs 100 crore in net profit. He also pointed out that the company has maintained a positive EBITDA for eight consecutive quarters and has a cash reserve of around Rs 1,000 crore.
Tata Group, Adar Poonawalla's SII find place in Time magazine's prestigious 'Top 100 Most Influential Companies' list
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While Tata Group made it to the elite 'Titans' category, the Serum Institute, headquartered in Pune, found a place in the 'Pioneers' section.
Promoter of Nazara Technologies Offloads 6.3% Equity Stake to Plutus Wealth Management
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This block stock transaction intends to give liquidity to the promoters while ensuring their continued control over the company.
LIC Q4 Net Profit Rises to Rs 13,763 Crore, Announces Rs 6 per Share Dividend
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It also declared an interim dividend of Rs 6 per share. Besides, LIC also reported an improvement in its asset quality, with gross non-performing assets (GNPA) coming down to 2.01 percent from 2.56 percent last year.
BharatPe and PhonePe Reach Amicable Resolution on Trademark Disputes Over 'Pe' Suffix
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Rajnish Kumar, Chairman of the Board at BharatPe, termed this agreement as a positive development for the industry. He said that the maturity and professionalism shown by the management of both sides are exemplary.
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