Page 24 - Companies

Star Health cuts IPO size to about $848 mn after tepid subscription

Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees

Visa launches crypto advisory service for financial institutions, merchants

Visa Inc launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of digital currencies gains steam

Meta unveils new office in India, company's 1st such stand-alone in Asia

In a bid to scale its India operations, Meta (formerly Facebook), on Wednesday unveiled its new office here which is said to be the company's first stand-alone office in Asia.

Audio OTT app Pocket FM raises $22.4mn funding in round led by Lightspeed

Company registered over 40 million downloads and 3 billion monthly listening minutes since its launch in 2018

Bata India to bet on franchise model for expansion in near future

Bata, while announcing its results for Q2FY22, said that it continued with its retail expansion drive in tier 3-5 cities through franchise route, taking the overall tally to 270+ as on date

Omicron may throw a wrench in companies' plans to return to office

Company executives are beginning to consider different permanent work models for their employees as pandemic, and the spread of the Omicron variant, destabilise their latest return-to-office plans.

Greenko group embarks on dollar bond issuance to refinance project debt

Greenko is one of the country's leading renewable-energy companies with an operating capacity of 5.2 GW and 138 projects across 14 states

Indian companies were progressive during Covid-19 pandemic: Study

97 per cent of them having an active short-term incentive plan for in-year performance recog­ni­ti­on

D2C footwear brand Neeman's raises Rs 7 cr in debt from Stride Ventures

The sustainable footwear brand was founded two and a half years back and has sold 250,000 pairs of footwear since then.

HDFC Bank quickest to list among 100 global firms, shows data

E-commerce giant Amazon also is among the fastest as it went public in just three years.

Companies gear up for Omicron version of coronavirus vaccines

Zydus to keep a laboratory product ready based on the new variant

Data management platform Parablu raises $1 mn in pre-Series A round

The SaaS company builds secure, enterprise-class data management solutions

Companies bullish on their hiring plans this quarter, says report

Due to businesses re-pivoting and refocusing their strategies to better meet customer and market wants, the workforce requirement is slated to increase: Report

CFOs optimistic about economy, business growth in FY22: Deloitte India

According to the survey, M&A was considered as a key growth driver for FY22

Asian Paints to invest Rs 960 cr to expand Gujarat unit's capacity

Asian Paints Ltd said it will invest Rs 960 crore to expand the manufacturing capacity of its facility situated at Ankleshwar in Gujarat

500,000 cos went out of biz, 700,000 new cos registered in 6 years: Data

As many as 12,808 companies were closed down in 2016-17, 70,972 companies in 2019-20 and 14,674 in the last fiscal, the data showed

Constructive dissonance essential for better neeti

Aberrant judgements occur often in institutions where constructive dissonance is absent

Profit concentration in India Inc rises amid private sector growth

20 most profitable companies account for 65% of corporate profits

14 cos approached govt to settle retrospective taxation cases: Revenue Secy

As many as 14 companies against whom retrospective tax demands were raised have approached the government to settle cases, Revenue Secretary Tarun Bajaj said.

Startup Fasal raises $4 mn to expand business in India, southeast Asia

Precision agriculture platform Fasal on Monday said it has raised USD 4 million from investors to expand business in India and South East Asia. The company raised this fund in pre-Series A round led by 3one4 Capital with participation from existing investors Omnivore and Wavemaker Partners, Fasal said in a statement. Other investors in this round include Genting Ventures (Malaysia), The Yield Lab Asia-Pacific, Antares Investments, and Sandeep Singhal of Nexus. Fasal is a full-stack AI-powered IoT SaaS platform for horticulture sector. Using on-farm sensors and scientific algorithms, Fasal delivers farm and crop-specific actionable insights to farmers in vernacular languages. The platform is also working on a range of new services including F&V market linkages and parametric crop insurance. To date, the startup claimed that it has helped save more than 9 billion litres of water from irrigation, reduced pesticide expenditure by around 60 per cent, and increased yields across 40,000