Mumbai: The board of Federal Bank has approved the acquisition of a select portfolio of retail credit cards from UK-based Standard Chartered, the private sector lender informed the exchanges on…
Category: Companies
At 94, Dinshaw’s Dairy bets on a Gen Z glow-up
Dinshaw’s Dairy Pvt Ltd, founded in 1932, is trying to look and think younger. The 94-year-old Nagpur-based ice cream maker is recasting its identity to appeal to a new generation…
Bain Capital sells nearly 1% stake in Emcure Pharma for ₹289 crore
Global investment firm Bain Capital has divested a nearly 1 per cent stake in for over ₹289 crore through open market transactions, according to block deal data on the NSE.…
Hero MotoCorp ties up with Quilmotors for expansion in Equador
Two-wheeler maker on Thursday announced a partnership with Quilmotors as its exclusive distributor for accelerating growth in Ecuador. Quilmotors will be responsible for assembly operations, network development, sales, after-sales service…
Pocket FM revives funding talks, seeks to raise around $120 million
Tencent-backed audio platform Pocket FM has revived plans to raise fresh capital, targeting $100 million-$120 million at a valuation of $1.5 billion-$2 billion, according to two people familiar with the…
Amazon Now’s India orders growing 25% every month: CEO Andy Jassy
BENGALURU: E-commerce marketplace Amazon’s quick delivery arm, Amazon Now, is seeing its order volume grow 25% month-on-month in India within a year of rollout. “Amazon Now, which offers delivery in…
HUL bets on price hikes, cost cuts to counter Mideast-led pressures
Hindustan Unilever Ltd said on Thursday it is relying on cost cuts and price hikes to counter commodity and currency volatility stemming from the Middle East war, after reporting an…
Torrent Power lines up biggest debt sale yet to bankroll coal deal
India’s Torrent Power is set to launch its largest-ever corporate bond issue to fund an acquisition, marking the first such bond sale of the current financial year, three merchant bankers…
Parexel buys Vitrana to advance its AI capabilities in patient safety solutions
Parexel, a global clinical development partner providing insights-driven clinical and consulting solutions, has acquired Vitrana, a provider of AI-enabled, end-to-end pharmacovigilance (PV) technology platforms, for an undisclosed sum. The acquisition…
AVI Polymers’ promoters to hike stake by 5%
The promoter group of plans to acquire up to 5 per cent of the company’s total paid-up equity share capital through open market transactions. The company has received an official…