LiveArvind Fashions Targets 15% Growth, Ups Marketing Spend
Arvind Fashions posted 15.5% revenue growth in the June quarter and plans to raise marketing spend further to sustain that pace this year. Revenue for...
Category : BUSINESS
Lohia Corp Raises Rs 492 Cr From Anchors Ahead of IPO
Lohia Corp raised Rs 492 crore from anchor investors including Nomura, Citigroup and Societe Generale ahead of its Rs 1,102 crore IPO. In total, 27...
Lower Average Order Value Threatens Blinkit’s Tier-2 Expansion
Blinkit’s push into Tier-2 cities is running into a problem, lower order values are testing whether its metro model can scale. Smaller towns do have...
Godrej Capital Buys Kanakadurga Finance’s Gold Loan Book
Godrej Capital made its first acquisition, buying Kanakadurga Finance’s gold loan business, worth around Rs 280 crore, across Andhra Pradesh. The deal, announced on 22...
Johnson & Johnson Receives FDA Approval for Surgical Robot
Johnson & Johnson has received USFDA De Novo authorization for its OTTAVA™ Robotic Surgical System, marking the company’s official entry into the fast-growing soft-tissue robotic...
Deutsche Bank Leads Investment in Shapoorji Pallonji’s $2.7 Billion Bond Issue
Deutsche Bank has emerged as the largest investor in Shapoorji Pallonji Group’s $2.7 billion (around Rs 23,000 crore) bond issuance, marking one of India’s biggest...
IL&FS Repays Rs 50,387 Crore Debt, Nears Resolution Target
IL&FS has repaid Rs 50,387 crore to creditors as of 30 June, nearly 4% more than the Rs 48,463 crore it had repaid as of...
PC Jeweller Approves Rs 1,000 Crore QIP to Fuel Growth and Expansion
PC Jeweller’s board has approved a proposal to raise up to Rs 1,000 crore through a Qualified Institutions Placement (QIP), subject to shareholder and regulatory...
Avendus Invests Rs 140 Crore in PPFAS via Share Deal
Avendus Future Leaders Fund has picked up a stake in PPFAS through a Rs 140 crore secondary share purchase from existing promoters. This gives one...
Inox Clean Raises Rs 700 Cr From Poonawalla Family Office
Inox Clean Energy has raised Rs 700 crore from Adar Poonawalla Family Office, valuing the renewable energy firm at Rs 70,000 crore. It’s not the...