Page 16 - Companies

JSW Ispat Special Products posts Rs 28 crore net loss in Dec quarter

It had reported a net profit of Rs 29.49 crore in the year-ago quarter

Bajaj Housing Fin to raise Rs 3,000 crore via non-convertible debentures

Its overall borrowings stood at Rs 39,128 core, and the mix was 62:38 between banks and markets in September 2021

Activision sexual misconduct fallout prompted Microsoft to pursue deal

The goal, according to a person familiar with the matter, was to offer support to a key partner and make it clear that Microsoft had concerns about the treatment of women at Activision

Diginoor.io raises $1 million seed funding from Contrary Capital, Polygon

Some of the partners of Diginoor.io include AVM Productions, Reliance Entertainment and a host of other major studios

Crypto-native social platform Sahicoin raises $1.75 mn in seed round

Founded by IIT Kanpur alumni, Amit Nayak, Ankush Rajput, and Melbin Thomas, the platform aims to empower the next billion crypto enthusiasts to make faster and better investing decisions

Reloy raises Rs 5 cr in strategic pre-series A funding round led by IPV

Started in 2018, Reloy has been working closely with the largest builders and has influenced over Rs 700 crore sales in the real estate industry with clients like Sharpoorji Pallonji among others

threedots raises $4 mn in seed funding round led by Kalaari Capital

threedots app offers users a daily dose of financial news and a finance centric community apart from stock investing

Nazara Technologies acquires majority stake in Datawrkz for Rs 124 cr

Gaming and sports media company Nazara Technologies on Tuesday said it will acquire a 55 per cent stake in programmatic advertising and monetisation company Datawrkz for about Rs 124 crore. The transaction values the Bengaluru-based company at Rs 225 crore (approximately USD 30 million), linked to CY 22 EBITDA performance, a filing said. The Board has approved the strategic investment by the acquisition of 37,498 equity shares - representing 55 per cent of the equity share capital, on a fully diluted basis -- of Datawrkz Business Solutions Private Limited along with its wholly-owned subsidiaries at a total consideration not exceeding Rs 124 crores in two tranches, it added. The shares will be bought from existing shareholders Senthil Govindan, Karthigha Dhanabalan, K Arunprabu, Mayank Khirwadkar and Vishal Tukaranm Garale, it said. In the first tranche, Nazara will acquire a 33 per cent share for Rs 60 crore during the first quarter of FY2022-23 and it reserves an option to acquire

Vikram Dev Dutt appointed Air India chief, Manish K Gupta new V-C of DDA

Senior bureaucrat Vikram Dev Dutt has been appointed as the Chairman & Managing Director of Air India Ltd as part of a senior-level bureaucratic reshuffle effected by the Centre on Tuesday. Dutt, a 1993-batch IAS officer of AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre, is at present Principal Secretary (Tourism) in Delhi government. He has been appointed as the Air India chief in the rank and pay of Additional Secretary, an order issued by the Personnel Ministry said. The Centre had in October last year accepted Tata Sons bid of Rs 18,000 crore to acquire 100 per cent of the debt-laden state-run carrier. The takeover has not been completed yet. Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, had made the winning bid of Rs 2,700 crore cash and Rs 15,300 crore debt takeover. Manish Kumar Gupta has been appointed as the Vice Chairman of the Delhi Development Authority (DDA). Gupta, a 1991-batch IAS officer, is currently ...

Just Dial's consolidated net profit declines by 61.2% in Oct-Dec

The company's net profit stood at Rs 49.9 crore in the year-ago period

Kellton Tech Solutions hits 10% upper circuit amid bearishness in equity

The small-cap firm's current market capitalisation is worth Rs 1,092 crore, exchange data showed

Amazon not to ban Visa credit cards in UK over 'interchange' fees

Amazon has reversed its earlier decision to ban Visa credit cards over fee issues from January 19.

Qarmatek raises $3 mn in funding round led by GVFL and Caspian Debt

In the preliminary stage, the funds will be utilised towards expanding and digitising operational capabilities, to scale across key domestic markets and to foray into B2C operations with MOBEX

Canada ends contract with Malaysia's Supermax over labour allegations

Canada has terminated its sourcing contract with Malaysian glove maker Supermax Corp following allegations about forced labour

Oyo Hotels targets $9-billion valuation in IPO; may get Sebi nod soon

The SoftBank Group-backed start-up is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year

Enter into a contract with firm to demolish twin-towers in a week: SC

The NOIDA authority informed the bench that it has finalised the company Edifice Engineering for demolishing the twin towers in consultation with the Central Building Research Institute (CBRI)

Unilever to sell slow-growth brands as it weighs higher bid for GSK unit

The Dove soap owner said Monday it will announce a revamp of its structure later this month

Credit Suisse chairman Horta-Osorio resigns over Covid breaches

Swiss bank appoints Axel Lehmann as chairman after Horta-Osorio quits within a year after taking charge

Exide Life appoints Sanjay Vij as Executive Director and Principal Officer

Exide Life has announced the appointment of Sanjay Vij as the Executive Director and Principal Officer with effect from January 10. On January one, 2022, HDFC Life Insurance Company Limited announced the completion of the acquisition of Exide Life Insurance Company Limited, subsequent to receiving all relevant regulatory approvals, an Exide Life statement noted on Monday. Pursuant to the agreement, there was a cash pay-out of Rs. 726 crore and 8,70,22,222 equity shares at an issue price of Rs 685 per share were allotted to Exide Industries Limited. Exide Industries now holds 4.1 per cent stake in HDFC Life. The process for merger of Exide Life into HDFC Life will be initiated shortly, the statement said. Vij joined HDFC Life in July 2001. As the Group Head - Bancassurance and Chief Values Officer (CVO) in HDFC Life, he was responsible for managing the P&L, market growth, and business of crucial bancassurance channels, it was stated.

Cholamandalam Investment to acquire 72% stake in Payswiff for Rs 450 cr

The company, an NBFC, is part of the Murugappa Group