BUSINESS
About 75% of our revenue comes from higher-margin categories: Vishal Mega Mart CEO
We are closely monitoring the growth of quick commerce, particularly how critical the '15-minute delivery' model becomes and whether the necessary infrastructure, such as delivery partners, develops in smaller towns, said Gunender Kapur.
BUSINESS
To avoid listing, Tata Sons may have to provide undertaking not to access public funds
Tata Sons is said to have sought a clarification on providing guarantees to subsidiaries
BUSINESS
Adani Group disclosed US bribery probe for the first time a year after FBI raided Sagar Adani
The first disclosure was made in March 2024 when Adani Green was raising $409 million in debt funding
BUSINESS
US indictment brings focus on certain disclosures made by Adani Group companies
The US DOJ has accused the company of not disclosing developments pertaining to the anti-bribery probe to the US based bondholders while selling them bonds.
BUSINESS
CDPQ says employees charged in US indictment were terminated in 2023, cooperating with authorities
Former CDPQ employees named in the indictment along with Indian billionaire Gautam Adani include Cyril Cabanes, Saurabh Agarwal and Deepak Malhotra.
BUSINESS
Not just Goenka reappointment, proxy advisor asks Zee shareholders to vote against adoption of financial statements
Both Goenka’s reappointment and the adoption of financial statements are ordinary resolutions, which as per Companies Act, require 51 percent of the votes cast at the AGM to be in favour of the resolution for it to pass.
BUSINESS
Kedaara Capital-owned Vishal Mega Mart plans to launch Rs 8,000-crore IPO by mid December
This will be the biggest private equity backed IPO of 2024 and the fourth biggest to hit the Indian market in what has been a busy year for big-bang public offerings
BUSINESS
Amid demand concerns, Piyush Goyal urges automakers to cut prices for sales boost
Seemingly referring to Hyundai, the minister said the auto industry is sitting on high margins and should look at more competitive pricing
BUSINESS
Zomato targets December launch for $1 billion QIP, ropes in Morgan Stanley
Zomato informed its investors that the fundraise is meant to strengthen its balance sheet at this point and that there is also no plan for any minority investments or acquisitions.
BUSINESS
BlackBuck co-founder Rajesh Yabaji receives shares worth Rs 160 crore as gift ahead of IPO
The total shares gifted to Yabaji represent a 3.6 percent shareholding of the company. The shares were transferred to Yabaji in October.
BUSINESS
Piramal-Bain sponsored fund set to acquire ICICI Ventures-backed specialty chemicals maker for $125 million
Anthea manufactures chemical intermediaries used in flavours and fragrances and has an in-house R&D centre in Navi Mumbai
BUSINESS
CG Power picks 3 banks for Rs 3,000-crore QIP; launch likely by December-end
The energy solutions provider plans to use the QIP proceeds to fund acquisitions and its capex plans, including its semiconductor foray, but is yet to finetune the allocation details
BUSINESS
Wockhardt QIP bids dominated by major mutual funds
Since the start of 2024, Wockhardt’s stock price has almost tripled to Rs 1,233.85 per share as on November 8.
BUSINESS
Not anticipating any immediate impact on our business due to US election result: Biocon CEO
The demand for Biocon's generic and biosimilar drugs remains stable, with no immediate changes expected, according to Siddharth Mittal, CEO & MD, Biocon Ltd.
BUSINESS
Jet Airways' 1.43 lakh retail shareholders staring at wipeout after Supreme Court's liquidation order
Retail shareholders held a 19.29 percent stake in the grounded airline as on September 30. At the current market capitalisation, their holding is worth Rs 74.6 crore
BUSINESS
Debt repayment tops India Inc’s use of QIP proceeds in 2024; capex second priority
2024 has been a record year for QIP fundraising, with 77 companies raising Rs 96,320.83 crore, as per data from primary market tracker Prime Database.
BUSINESS
Singapore government cements its position as largest FPI in India
With investments in 78 different Indian companies, the market value of Singapore government’s holdings is roughly same as the next two FPIs combined
BUSINESS
Punit Goenka to face a test of investor confidence at Zee Entertainment AGM
Analysts note that ZEEL’s institutional shareholders, including domestic mutual funds and foreign portfolio investors (FPIs), will play a critical role in determining Goenka’s continuity.
BUSINESS
CarDekho, co-promoted by Shark Tank India’s Amit Jain, in talks to appoint i-banks for up to Rs 4,000-cr IPO
CarDekho will be the second auto classifieds portal to go public in India after CarTrade.com's parent company, which went public in August 2021.
BUSINESS
Varun Beverages to tap markets for Rs 7,500 cr QIP in November
Varun Beverages is the second largest franchisee of PepsiCo in the world (outside US) with operations spanning across 10 countries with franchise rights and additional 4 countries with distribution rights.
BUSINESS
Quick commerce success will require ongoing experimentation and adaptation: Swiggy’s Majety
The food delivery and quick service company has set a price band of Rs 371-390 for its IPO, which opens on November 6.
BUSINESS
Alpha Wave Global in advanced talks to pick up minority stake in VLCC backed by Carlyle
Carlyle acquired a 66 percent controlling stake in VLCC in January 2023 from its founders Vandana and Mukesh Luthra for around $300 million
BUSINESS
KKR in exclusive talks to acquire cancer hospital chain HCG from CVC Capital
CVC’s 60.36 percent stake in HealthCare Global is worth around Rs 3,613.97 crore, as the stock’s closing price in the previous week
BUSINESS
Adani Green energy may explore private placement route to finance bonds
Adani Green recently put off its $1.2-billion bond offering which aimed to replace loans taken for the solar and wind assets with 20-year bonds
