Corporate News
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.
LIC Q4 Net Profit Rises to Rs 13,763 Crore, Announces Rs 6 per Share Dividend
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
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.
Nazara Gaming Reports Rs 17 Crore Net Profit in Q4 Despite 8% Revenue Decline
However, the operating revenue experienced a slight dip, standing at Rs 266.2 crore for the quarter, down by 8 percent year-on-year from Rs 289.3 crore recorded in the same quarter of FY23.
United Spirits Reports Impressive Surge in Q4 Profit to Rs 241 Crore
The revenue from operations of United Spirits Ltd for the quarter rose to Rs 6,511 crore—a growth of 12.41 per cent compared to Rs 5,792 crore in the last year.
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