Page 2 - Indian Companies

L&T Infotech and Mindtree merger to start on strong foundation: Analysts

L&T Infotech and Mindtree merger: Keeping in mind strong growth momentum, analysts tracking the sector were not too confident if this would be the right time to go in for a merger.

Five of top-10 valued firms gain Rs 67,843 cr in m-cap; HUL, Reliance lead

Five of the top-10 most valued firms together added Rs 67,843.33 crore in market valuation last week, with Hindustan Unilever Limited and Reliance Industries emerging as the biggest gainers.

Russia-Ukraine war may expose 42% India firms to significant risks: Moody's

The military conflict between Russia and Ukraine is impacting companies in Asia Pacific

Mcap of 8 of top-10 most valued companies tumble Rs 2.21 trillion

Eight of the top-10 most valued firms together lost Rs 2,21,555.61 crore from their market valuation last week, with Infosys and HDFC Bank suffering the biggest hit.

Indian startup ecosystem gains global recognition: Ashwini Vaishnaw

Terming startups as "accelerators", he said the combination of their multiplier force along with the strength of a trusted post office network can yield phenomenal results

Beauty, personal products maker Believe raises $55 mn in Series C funding

The Series A and Series B fundraises for Beauty, personal products maker Believe were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East-based fund.

Rario raises USD 120 mn from Dream Capital, Alpha Wave Global

With Dream Capital's investment, Rario will get access to 140 million users of Dream Sports

Record number of companies registered in FY22 despite Covid

Showing resilience India has registered 1.67 lakh companies in the financial year 2021-22 (April-March), according to a report by Ministry of Corporate Affairs (MCA)

Trying to make India-specific portfolios, price points: Mars Wrigley CGM

We try not only the traditional ways of distributing but look at various ways of distributing through digital channels, says Parmar

Seven of top 10 firms lose Rs 1.32 trn in m-cap; Reliance biggest drag

Seven of the 10 most valued firms suffered a combined erosion of Rs 1.32 trillion in market valuation last week

OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm

The company is in discussions with potential IPO arrangers, including Goldman Sachs Group and Morgan Stanley and India's Kotak, Avendus and ICICI Securities

Top headlines: India Inc divided over new apps, tax revenues at record high

Business Standard brings you the top headlines this morning

Top headlines: India's FY21 CEO earnings, Russia's suspension from UNHRC

The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up business. More on that story in our top headlines.

India Inc raises a record green capital of $19 billion in 2021

India Inc has raised a record USD 19 billion in green capital in 2021, led by Wall Street major Bank of America, which is only a fraction of the USD 1 trillion that global corporations raised in green financing in the year. While corporate India raised USD 19 billion in green capital in 2021, Bank of America participated in USD 15.65 billion. Globally, the Wall Street major was part of a fourth of the USD 1-trillion green funding drive, helping mop up USD 250 billion, the bank said. In the country, it was part of the eight deals/issuers worth USD 15.65 billion, which included loans, M&As, debt capital and equity capital market funding, it added. It can be noted that BofA had in April 2021 set a target of helping mobilise USD 1.5 trillion in sustainable financing by 2030 and also announced its exit from funding carbon-based companies. Comparative numbers are not available as the lender has not been categorising fund-raise differently. The biggest domestic issuer was the USD ...

Tangedco to raise Rs 7,600 cr via bonds; may import coal for summer demand

Tamil Nadu's state power utility has decided to import 4.8 lakh tonnes of coal as demand surges

Vedantu on track to be 'IPO-ready' in 18-24 months

Edtech startup Vedantu on Thursday said it is on track to be "IPO-ready" in 18-24 months, and is upbeat about the India market prospects that offer ample headroom for growth. With COVID-19 cases receding and offline learning modes opening up, the blazing pace of growth in online learning has sobered a bit, but the market is still yielding robust growth numbers, it said. The company said that as much as 90-95 per cent of the market remains unpenetrated, offering massive scope for edtech players to expand. Vedantu said it is adequately funded for now, and does not anticipate fresh funding requirement for the next two years. The company, last year, raised USD 100 million from a clutch of investors, and had entered the coveted unicorn club. "Within the time frame of 18-24 months we want to be IPO-ready, which means the shape of our P&L (Profit and Loss), our systems and associated processes, we want to be robust and mature in those," Vamsi Krishna, CEO and co-founder of Vedantu, said .

From flexible hours to child care, India Inc innovates to hire more women

Getting women back to paid jobs after a long break is part of a growing awareness across India Inc

Worsening outlook

Fundamentals warrant stock price correction

An astonishing recovery

The rise in corporate earnings in FY21 was largely led by a handful of big companies in price-sensitive sectors such as metals and mining, and oil and gas.

BS Annual Awards 2021: Stellar jury picks the best of India Inc

Eight of country's top decision-makers met virtually to select the winners in 7 categories