Corporate News
Bharti Airtel Increases Investment in Indus Towers with 1% Equity Acquisition
Before this acquisition, Bharti Airtel had 47.95 per cent stake in Indus Towers. The telecom services provider had got approval from its directors for the acquisition of up to 2.7 crore equity shares in Indus Towers Limited, the company said in a regulatory filing.
Bharti Airtel Increases Investment in Indus Towers with 1% Equity Acquisition
Before this acquisition, Bharti Airtel had 47.95 per cent stake in Indus Towers. The telecom services provider had got approval from its directors for the acquisition of up to 2.7 crore equity shares in Indus Towers Limited, the company said in a regulatory filing.
India Inc. Expected to Maintain 15-18% Operating Profit Margin in Q1 FY25: Report
According to Kinjal Shah, Senior Vice President and Co-Group Head–Corporate Ratings at ICRA Limited, " Fourth quarter of FY2024 has seen 5 percent year-on-year and 6.3 percent sequential growth in revenue for corporate India." He mentioned that such stellar growth is witnessed on the back of strong demand witnessed across consumer-facing sectors like airlines, hotels, automobiles, and FMCG segments. Power and construction sectors also showed excellent growth.
Oyo Plans $125 Million Funding Round, Valuation Set at $2.5 Billion: Report
"Fresh fundraise of about $100 million to $125 million that slashes its valuation to $2.5 billion".
IIFL Finance Reports 6% Decline in Q4 Profit to Rs 431 Crore
Notwithstanding these, its consolidated total income for January-March 2024 rose to Rs 2,922 crore from Rs 2,276 crore in the year-ago period. Interest income from its diversified loan and mortgage portfolio saw a sharp rise to Rs 2,720 crore from Rs 2,058 crore in the same quarter a year ago.
Hyundai Motor India Prepares for $3 Billion IPO Launch
If regulators approve an IPO of this size, it would be India's biggest ever after the government-owned Life Insurance Corporation of India raised $2.7 billion last year.
Zomato Invests Rs 300 Crore in Blinkit, Allocates Rs 100 Crore to Entertainment Division
The board-approved investment of Rs 300 cr in Blinkit Commerce has been revealed from the filings with the Registrar of Companies, accessed via TheKredible.
Adani Airports Achieves Milestone Cargo Handling of Over 1 million Tonnes in FY24, Demonstrates Strong 7% Growth
Of all the months, March was one of the stars, with highest-ever monthly cargo volumes of about 38 MMT, which includes international ports.
Byju’s Plummets from $22 Billion Valuation to Zero Amid Legal and Financial Turmoil
"We assign zero value to Byju's stake amid multiple legal cases and funding crunch," HSBC said in a research note.
Adani Portfolio registers strong growth in FY24, EBITDA reaches record Rs 82,917 crore
The Adani Portfolio of Companies has produced robust and steady growth in FY24 and the previous five years, despite external volatility and headwinds, which indicates the strength and stability of its businesses, the company said on Sunday.
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