Mumbai: Express logistics firm Allcargo Gati Ltd on Tuesday said it has raised Rs 169.28 crore by issuing equity shares through qualified institutional placement (QIP).Allcargo Gati Ltd said in a statement that the fund raising committee of the company's board in its meeting held on June 28...
New Delhi: Fintech firm Olive expects its revenue to grow 40 per cent to Rs 350 crore in FY20, mainly due to growth in user base, big ticket loans and expansion of portfolio, a top company official said on Monday. Said.The company claims that its revenue has more than doubled to around Rs 250...
The ED disclosed this in a recent statement filed in the Kerala High Court against CMRL for committing cognizable offenses under the Money Laundering Act, and it was one such payment.The issue of Veena Vijayan's IT firm receiving huge sums of money first came to light last year in a media...
New Delhi: Realty firm Godrej Properties on Friday said it has got leasehold rights over 11 acres of land in Pune to develop a housing and high-street retail project with an estimated revenue of about Rs 1,800 crore.In a regulatory filing, Godrej Properties said the company has "acquired...
New Delhi: Investment firm GTI Capital Group on Friday sold 4.7 per cent stake in hospitality firm Samhi Hotels for Rs 193 crore through an open market transaction.GTI Capital Alpha, a subsidiary of Mauritius-based GTI Capital Group, sold shares of Samhi Hotels through separate block deals on...
The Noida-based firm said in a statement that it will develop secure applications and managed services under the 'GovDrive-Storage as a Service' project.A cloud-based platform built to ease document sharing by government officials, GovDrive helps government employees share seamless documents...
Bengaluru, Realty firm Brigade Enterprises on Thursday said it has launched a new housing project with a revenue potential of Rs 1,100 crore.The project 'Brigade Insignia' is located in Yelahanka, Bengaluru and comprises 379 units.“The project has a revenue potential of Rs 1,100 crore,” the...
New Delhi, Portfolio management firm Emkay Investment Managers Ltd (EIML) on Thursday announced the launch of an alternative investment fund, Emkay Capital Builder Fund, through which it aims to mobilize Rs 500 crore in the next 6-8 months .The open-ended Category III Alternative Investment...
Bengaluru: Realty firm Concord on Thursday said it has acquired a 1.6-acre land parcel in Bengaluru to develop a housing project with a revenue potential of Rs 200 crore."Designed as a premium high-rise residential complex, this combined development will have a gross development value (GDV) of...
The license of the block has been given to Syed Owais Ali firm of Ratlam.According to mining engineer Gaurav Meena, "Two blocks Bhukia-Jagpura were allotted for mining in Ghatol subdivision of Banswara. After the technical bids for both the blocks were opened recently, the mining license has...
New Delhi, Dutch investment firm Prosus has written off US$578 million (about Rs 4,800 crore) it invested in edtech firm Byju's, the company said on Monday.In September 2022, Prosus lost significant influence over Think & Learn, which owns the Byju's brand, as its stake in the edtech firm...
In its annual report for FY24, the investment firm said that in the financial year, "due to reduction in value to equity investors, the group wrote off the fair value of its 9.6 per cent effective interest in Byju's".“A fair value loss of $493 million was recognized in other comprehensive...
New Delhi, Enterprise communications firm Route Mobile on Monday said it has partnered with Bilesi e Solutions to provide WhatsApp-based metro rail ticketing services in Nagpur, Hyderabad and Pune.Currently, there are active metro services in 15 Indian cities, and Route Mobile has now enabled...
New Delhi, Realty firm Birla Estates Pvt Ltd on Monday said it has acquired 16.5 acres of land in Pune to develop a housing project with an estimated revenue potential of Rs 2,500 crore.Birla Estate is a 100 per cent wholly owned subsidiary of Century Textiles and Industries Limited and the...
Portugal played hard against the Czech Republic on match day, but on Saturday, they soon took a firm grip on proceedings. With Vitinha pulling the strings, they began to dictate the pace and on 21 minutes they were ahead when Nuno Mendes' deflected cut-back was coolly dispatched by Bernardo...
New Delhi, Hong Kong-based Olympus Capital Asia on Friday sold 9 per cent stake in hospital chain Aster DM Healthcare for Rs 1,530 crore through an open market transaction.Investment firm Olympus Capital Asia, through its arm Olympus Capital Asia Investments, sold shares of Dubai-based Aster...
New Delhi: Grocery delivery startup Zepto said on Friday it had raised $665 million in an investment round that valued the company at $3.6 billion, nearly triple what it was worth a year ago, and is preparing to quote soon.The fundraising will help Zepto compete with e-commerce giant Amazon...
New Delhi, VC firm Avtaar Venture Partners on Thursday exited Rategain Travel Technologies by selling its entire 1.8 per cent stake for Rs 160 crore through an open market transaction.Avatar Venture Partners through its arm Avatar Holdings sold shares of SaaS solutions provider Rategain Travel...
New Delhi, MarTech company WebEngage and IT services firm InfoAxon have partnered with Reliance General Insurance (RGI) to streamline customer engagement to provide a seamless omnichannel experience for its customers, partners and agents, said a joint statement. stated in.The partnership aims...
New Delhi, Private equity firm Westbridge Capital on Wednesday sold 1.7 per cent stake in AU Small Finance Bank for Rs 845 crore through an open market transaction.Westbridge Capital, through its associate Westbridge AIF I, sold shares of Jaipur-based AU Small Finance Bank through a wholesale...