Jupiter International Ltd (JIL), a Kolkata-based homegrown solar cell manufacturer, has appointed bankers to help raise $300 million through an initial public offering (IPO), three people familiar with the matter…
Category: Companies
Vodafone Idea, BSNL begin talks to share telecom infrastructure
NEW DELHI: Vodafone Idea and state-owned Bharat Sanchar Nigam Ltd (BSNL) have started talks on sharing towers, fibre and even spectrum, in a push to cut costs, improve network reach…
Natco Pharma fires first shot in weight-loss drug price war; generic semaglutide to cost 90% less at ₹1,290 per month
MUMBAI: Natco Pharma has heralded what could become an intense pricing war in India’s pharmaceutical sector by offering its version of generic semaglutide that’s 90% cheaper than the original weight-loss…
ValueQuest returns to financials on easing balance-sheet stress
MUMBAI: Private equity firm ValueQuest is ramping up exposure to banking and financial services in its second fund, betting that balance sheet stress in the sector has eased enough to…
Flipkart’s Group CFO Sriram Venkatarama resigns ahead of planned IPO in India
Flipkart’s group chief financial officer Sriram Venkataraman is stepping down from his position, the e-commerce giant said in a statement on Friday, adding that in the meantime, Flipkart CFO Ravi…
Rentomojo aims to raise up to ₹1,200 cr via IPO, to file draft papers soon
Furniture rental startup Rentomojo is expected to file its draft papers in the coming weeks for a listing to raise about ₹1,000–1,200 crore, three people familiar with the matter said.…
Mint Explainer | Why Big Food is cutting back: Slow growth, new health trends, and GLP-1 drugs push giants to exit
Earlier this week, Bloomberg reported that Unilever plans to spin off its food business, after carving out its ice-cream unit into The Magnum Ice Cream Company, including India’s Kwality Walls.…
Crypto.com layoffs: Company to cut 12% workforce as AI push reshapes operations — all you need to know
exchange Crypto.com announced on Thursday that it is trimming 12% of its workforce as part of its efforts to integrate artificial intelligence into its operations, a trend seen across corporate…
Titan leans on silver as gold rally prices out entry-level buyers
Bengaluru: Soaring gold prices are squeezing Titan Company Ltd’s price-sensitive customers, prompting the Tata Group firm to double down on studded silver jewellery to defend growth in its sub- ₹1…
HDFC Bank crisis: Investors in the dark despite repeated reassurance
Investors were left scratching their heads on Thursday after the abrupt resignation of HDFC Bank chairman Atanu Chakraborty the previous night, while shares of India’s largest private sector lender plunged…