Business Expansion

Signature Global records 120% YoY growth in Q3 pre-sales at Rs 2,770 crore. Tata Technologies signs strategic MoU with Telechips to innovate solutions for next-gen software-defined vehicles. Exicom Tele-Systems partners with Mufin Green Infra to drive expansion of EV charging solutions in India. WPIL's European subsidiary acquires 100% shareholding in Misa Italy. Watch here for more details

Chart of the Day: How Cipla built a billion-dollar US business in a decade

The company’s US revenues are projected to move closer to $900 million in FY24 and $1 billion in FY25, up from $148 million in FY15

Hospitals' defensive credentials on display, but investment risks abound

Hospitals have inelastic demand and pricing power. But hospitals are capital intensive businesses and expansion puts stress on financials

Wipro ropes in TCS's Dhruv Anand as managing director and country head for Japan

Anand spent his formative years at Wipro before moving on to Tata Consultancy Services (TCS) where he held leadership roles in sales, delivery, and account management for Japanese customers and their global operations.

MC Interview: Aakash Education sees 20-30% revenue growth in FY22, online business transitions to Byju’s: Aakash Chaudhry

The entire digital offering including meritnation.com business, have been taken out from Aakash’s kitty and logged in to the Byju’s kitty. From three offerings earlier, AESL is now focusing on two, physical and hybrid

Pharma companies turn to acquisitions to build scale, gain an edge

Pharma companies are reorganising themselves, by focusing on select products lines, regions and exiting non-core assets

Tata Chemicals should make the most of the spurt in soda ash prices

Global soda ash demand is estimated to exceed production by 3 million tonnes per annum till 2025-26, creating conducive conditions for higher prices

Coliving marketplace Crib raises $4,00,000 for business expansion

Headquartered in Gurugram, Crib is building a digital ecosystem aimed at redefining how landlords operate, tenants stay and market sells.

Apollo Hospitals' digital platform gives it an edge, execution key

Apollo’s digital platform grew at a healthy pace last quarter. Its early investments are paying off and contributing to improved valuations

Size is becoming less of a barrier for IT services firms

Smaller and medium sized IT services firms are regularly winning large contracts while companies such as Accenture see no major issue in demand fulfilment

NCR focus to yield good dividends for Max Healthcare

Shares of Max Healthcare gained 15 percent this week after the company said it has acquired the rights to develop and operate a 500-bed hospital at Saket, South Delhi

V-Mart's South India foray needs careful manoeuvring

The acquisition makes V-Mart a pan-India value fashion retailer by giving it a presence in South India

PharmEasy is just what the doctor ordered for Thyrocare

Thyrocare has a lean cost structure. But compared to its major diagnostic peers, Thyrocare has lower on-ground (b2c) presence

Mrs. Bectors' subdued sales guidance could pose a risk to its valuation

The company expects 6-8 percent in the domestic biscuit business in current fiscal, slower than the 23 percent expansion seen in FY21.

How SBI Life and HDFC Life differed in December quarter

SBI Life saw strong growth in protection revenue while HDFC Life calibrated the business fearing heightened risks due to COVID-19 pandemic

Gujarat Pipavav charts growth path, regulator consent key

Dedicated freight corridor connectivity can help Gujarat Pipavav gain market share. The expansion plan is subject to approval from the regulator

SBI to raise USD 1.5 bn from overseas bonds

The country's largest lender SBI today said it will raise USD 1.5 billion from overseas bonds in one or more tranches to fund business expansion.

DHFL to raise Rs 1,500 cr via NCDs

Mortgage firm DHFL today said it plans to raise Rs 1,500 crore through non-convertible debentures (NCDs) to fund business expansion.

Axis Bank proposes to raise Rs 5,000 cr via debentures

Axis Bank today said it proposes to raise Rs 5,000 crore through debentures to fund business expansion.

FarEye raises $3.5 mn from SAIF Partners

FarEye, a logistics management software provider, said it has raised USD 3.5 million (Rs 20 crore) from SAIF Partners

South Indian Bank to raise Rs 500-cr from bonds

Private sector South Indian Bank said it proposes to raise up to Rs 500 crore from bonds to fund business expansion

23 SMEs in waiting to launch IPO

As many as 23 small and medium enterprises have lined up their initial public offers (IPOs) to fund business expansion and meet working capital requirements.

Tata Steel in talks to raise up to $5bn to fund expansion

Tata Steel is believed to have begun talks to raise up to USD 5 billion (over Rs 25,000 crore) from a consortium of lenders to part-fund its domestic business expansion plans.