Enterprise Financial News

Disprz, a corporate learning and skilling platform, has raised $30 million in its Series C funding round led by Lumos Capital. 360 ONE Asset (IIFL Wealth) and returning investors Kae Capital, KOIS and Dallas Venture Capital also participated.

It’s down to the short strokes at the auction for Alinta Energy’s remote power assets in Western Australia.

Private equity group Bain Capital has won its five-month pursuit of aged care home operator Estia Health, with its latest $838 million offer being endorsed by the Estia board.

There’s more Asian capital hunting local vitamin and supplements brands.

India and Bangladesh commencing cross-border trade settlement in Indian rupee (INR) would promote two-way commerce by reducing transaction cost, an industry official said on Sunday. CII national committee on EXIM Sanjay Budhia said that since all exports and imports and settlement of trade transactions under this arrangement may be denominated and invoiced in INR, this would also reduce dependence on the US Dollar and would address situations like scarcity of forex reserves apart from strengthening regional currency and trade.

real estate sector spanning 2014 to 2021. Earlier, the company had moved the Bombay High Court, seeking a stay on the investigation and urging it to direct Sebi to reconsider its settlement application. However, the Bombay high court dismissed the petition and ordered the company to bear the cost of Rs2.5 lakh for filing an appeal.

Fintech firm Enkash expects its business to grow by 36% to $30 million, about Rs 250 crore, in this fiscal on account of digitisation in small and medium business in the accounting segment, a senior official of the company said. Ascent Capital-backed Enkash founder Hemant Vishnoi told PTI the company focuses on spends management of small and medium enterprises that have over Rs 10 crore annual turnover and expects the customer base to double in the current fiscal. «We closed last financial year closer to $22 million revenue and we are targeting close to $30 million this year.

State Bank of India intends to sell over Rs 96000 crore distressed loans to asset reconstruction companies in a fresh attempt to clean its books. The country’s largest bank circulated a list of 331 accounts comprising Rs 96278 crore loans to Future group, Anil Ambani promoted companies, Videocon group, and Jaypee group, among others, shows a copy of note circulated by the bank and reviewed by ET. In July, SBI circulated the list among ARCs seeking preliminary interest, said people involved in acquiring stressed loans.

Let’s face it – investing in retail now is as contrarian as it gets. Domino’s Pizza Enterprises, the master franchisee for Domino’s in Australia and New Zealand, has been out of favour with investors for some time.

LIC, Adani Ports, Tata Chemicals, Grasim, Tata Power among others will announce their June quarter results this week.August 7Godrej Consumer, Torrent Pharma, Max Healthcare, Tata Chemicals, Gland Pharma, Ramco Cements, Bayer Cropscience, Emami, Whirlpool, Kims, Poly Medicure, Medplys, Eris Lifesciences, Olectra Greentech among others will report their Q1 results.August 8Adani Ports, Coal India, Siemens, Hindalco, Linde India, Lloyds Metals, Phoenix Mills, Oil India, Prestige Estates, Aarti Industries, Happiest Minds, Brigade Enterprises, Suven Pharma, Eureka Forbes and others will announce their June quarter results.August 9Tata Power, Berger Paints, Trent, PI Industries, IRCTC, Bharat Forge, Abbott India, Uno Minda, ZEE, SJVN, Ratnamani Metals, Kalyan Jewellers, Natco Pharma, Max Financial and others will come up with their Q1 report cards.August 10LIC, Pidilite Industries, Grasim, Samvardhana, Hero MotoCorp, Alkem Labs, Page Industries, CCI, SAIL, Honeywell Automation, Mazagon Dock, Torrent Power, Biocon, Apollo Tyres, Ipca Labs, Sanofi India, among others will declare quarterly results on August 10.August 11ONGC, HAL, ABB India, Apollo Hospitals, Power Finance Corp, Jindal Steel, Zydus Life, Info Edge, IRFC, Astral, Muthoot Finance, Patanjali Foods, NHPC, Nykaa, Voltas, Timken India, Glenmark Pharma, Sun TV and others will announce their first quarter results.August 12Aurobindo Pharma, Rail Vikas Nigam, JK Cement Finolex Cables, Amara Raja Batteries, PTC Industries, among others will report their results for the quarter ended June

Automaker Maruti Suzuki India has planned to add about 28 different models in the next seven years, according to the company's Chairman R C Bhargava. The company is kicking off the 'Maruti 3.0' strategy to ramp up its production too. Bhargava, during his address to the company's shareholders in the Annual Report for 2022-23 added that the company has aimed to add another 20 lakh units of production capacity in nine years.

Forty-four companies, including top brands, have already applied for incentives under the production-linked incentive (PLI) scheme for IT hardware manufacturing, a top government official said. The recently notified import restrictions on products such as laptops and tablets were introduced from a security perspective but will spur local production and won’t lead to supply disruptions, according to this person. IT hardware companies have been told about the licensing portal where it takes five to 10 minutes to get approval for an import licence, this official said.

bricolage. The term was coined by Levi Strauss, a French anthropologist, who compared the term 'bricoleur' to the 'engineer'. A bricoleur defies the standard norms of creating something from well-established resources, and instead 'makes do' with whatever is available at hand, improvising and generating value almost out of nothing.

Maruti Suzuki on Saturday said it is looking at launching 10 new models, including half a dozen electric vehicles, in the next seven years as it looks to double total sales to four million units per annum. The country’s largest carmaker, which has commenced work to double its production capacity, is in the process of setting up its largest manufacturing facility with total installed capacity of one million units at Kharkhoda, Haryana. The company board has also approved establishment of another factory with one million units capacity, the site for which is yet to be finalised.

Zen Technologies Q1 Results: Zen Technologies announced its April-June quarter results for fiscal 2023-24 (Q1FY24) on August 5, reporting a multi-fold jump of 532 per cent at ₹47.08 crore, compared to ₹7.4 crore in the corresponding period last year. The RPG Enterprises Group-company's revenue from operations during the first quarter of current fiscal stood at ₹132.45 crore, registering a surge of 257 per cent, compared to ₹37.07 crore in the year-ago period.

Sanghi Industries Ltd (SIL) from its existing promoter group - Ravi Sanghi and family. Day after the deal was announced Congress leader Jairam Ramesh alleged that the Prime Minister Narendra Modi led government has been ‘handing over’ prized assets to the beleaguered billionaire, all while unleashing probe agencies on Adani Group's competitors.

As of 2023, India has 13 Maharatna companies, whic... moreAs of 2023, India has 13 Maharatna companies, which are among the Central Public Sector Enterprises (CPSEs) listed by the government.

Sonata Software have offered massive returns to investors in the last 10 years. The shares have risen 4300% over the decade. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have swelled to Rs 4 lakh, according to an analysis by ET Markets.

Sanghi Industries, the company acquired by Adani-owned Ambuja Cements, is set to buy out ₹500 crore bonds from Kotak Special Situations Fund a year ahead of maturity. Last November, the listed cement maker had raised the sum through non-convertible debentures at 16-17% interest rate from Kotak Special Situation Fund for an 18-month period, and financing was secured against the company's assets and shares. The fund was utilised to reduce the company's debt, including prepayment of term debt amounting to ₹210 crore and reduction of working capital debt of ₹100 crore.

personal loans to remove a link between his obligation to post collateral and his holding company's share price. In February this year, the Hindenburg research report accused billionaire Gautam Adani's firms of improper use of offshore tax havens and stock manipulation.

Madras High Court has dismissed 14 of the 16 pleas filed by Indian startups against Google's app billing policy, ruling that it was a matter falling under the jurisdiction of the Competition Commission of India (CCI). The court decision leaves many of the companies, including Matrimony.com, Shadi.com and Unacademy, without the protection of the interim injunction from the court that had prevented Google from delisting their apps from its App Store. The companies had approached the high court after Google asked them to either adopt the company’s mandated billing route or risk being removed from its Play Store.