Aditya Birla Sun Life Asset Management Co. is raising a ₹2,000 crore alternative investment fund (AIF) that will target the stocks of mid- and small-cap companies, joining a growing list…
Category: Companies
Noel Tata’s resistance to IPO creates rift atop Tata Group
Noel Tata’s opposition to taking his family empire’s parent firm public is creating discord atop one of India’s most storied conglomerates, according to people familiar with the matter. Two of…
Zee sues JioStar over alleged music copyright breach
Highlights * Zee locks horns with billionaire Mukesh Ambani-led Disney JV * India’s Zee accuses Reliance-Disney of infringing its music * Reliance-led group was earlier open to resolution Zee Entertainment…
‘QA is always the first hit’: Freshworks’ 500 layoffs fuel fears of AI replacing testers
That’s how one software tester described the growing anxiety among quality assurance professionals after announced plans to lay off about 500 employees globally as part of an AI-led restructuring. For…
Asian Footwear to double EBOs to 150, targets ₹1,000 crore revenue; IPO by FY29
The Bahadurgarh-based Asian Footwear is backed by a ₹225–234 crore investment from Motilal Oswal in 2021, has scaled revenue from ₹230 crore in FY22 to around ₹700 crore in FY26,…
Royal Enfield to invest ₹2,200 crore in Andhra Pradesh plant
Motorcycle manufacturer Royal Enfield will invest approximately ₹2,200 crore in two phases to establish a state-of-the-art manufacturing facility at Satyavedu in Tirupati district, Andhra Pradesh. The upcoming investment will be…
Instant home services start-up Pronto raises $20 million as valuation doubles from March
Indian on-demand home services start-up Pronto has raised an additional $20 million in its Series B round from venture capitalist Lachy Groom, doubling its valuation to $200 million in just…
Bajaj Auto warns motorcycle growth could slow to 7–9% in FY27 as Pulsar, exports and EVs power growth
Bajaj Auto has cautioned that India’s motorcycle industry could slow sharply in FY27, with growth moderating to around 7–9 per cent from over 20 per cent levels seen in recent…
Meesho to sharpen AI focus as voice search, recommendation tool lift user base
Meesho will accelerate investments in AI-powered features in the coming quarters, after tech tools like voice search Vaani and recommendation engine PRISM helped boost both transacting user base and purchase…
Pronto closes $45 million Series B at $200 million valuation
Home services startup Pronto has closed its Series B round, raising $45 million at a $200 million valuation, founder Anjali Sardana said on Thursday. The company’s valuation doubled in less…