Corporate News
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.
Baron Capital revises Swiggy's valuation to $15.1 bn
According to recent US Securities and Exchange Commission (SEC) filings, as of March 31, the valuation of Swiggy has grown 24% from what Baron Capital had said in its previous assessment, pegging the company at $12.2 billion.
Lenskart Raises $200 Million from Temasek and Fidelity, Reaching $5 Billion Valuation
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
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
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
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
This block stock transaction intends to give liquidity to the promoters while ensuring their continued control over the company.
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