Corporate News
Indian Companies Set Fundraising Record in FY25 Through Equity and Debt: Report
PRIME Database data showed that public equity raising shot up by a whopping 92% to ₹3.71 lakh crore. Including rights issues, the overall figure reached close to ₹3.88 lakh crore. At the same time, debt raising also reached an all-time high of ₹11.12 lakh crore, dominated by private placements.
Nestlé India Hit with ₹69 Lakh Tax Penalty
The firm had previously challenged the order issued by the Deputy Commissioner of Customs. But the Appellate Authority ordered in favor of the revenue department, upholding the customs duty demand of ₹69,45,387, along with interest and an equal penalty, as per the filing.
Bharti Airtel Prepays ₹5,985 Crore in High-Cost Spectrum Liabilities to Government
Also, Airtel's subsidiary Network i2i has voluntarily redeemed perpetual debt securities of $1 billion.
Zomato Rebranded as Eternal After Approval from Corporate Affairs Ministry
Earlier this month, Zomato shareholders voted in favor of a special resolution to name the company "Eternal." Although the corporate entity will be renamed Eternal, the food delivery service brand name, Zomato, and app will not change. The stock ticker of the company will also be revised to incorporate the new name.
Hero MotoCorp Enters E-Three-Wheeler Market with 32.5% Stake Acquisition in Euler Motors
"Our strategic investment in Euler marks a bold move towards achieving our dream to be a leader in the mobility future," Hero MotoCorp Executive Chairman Pawan Munjal said in a regulatory filing.
Google to Purchase Cloud Security Platform Wiz for $32 Billion
Sundar Pichai, CEO of Google, said, "Since its first days, Google's deep commitment to security has established us as a leader at protecting people around the world in the online environment. Now, companies and governments that are living in the cloud are seeking yet more robust security solutions, as well as greater cloud computing provider choice."
LIC plans to acquire stake in a health insurance firm by March 31, Says CEO Mohanty
However, he wouldn't spill the beans about the specific company LIC is looking to tie up with. "We are actually pretty close now," he said.
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