Topic
business-news
Business ITC Now Second Largest FMCG Company by Revenue, Aims for Top Spot
ITC's non-tobacco FMCG business crossed Rs 24,000 crore in revenue, making it the second-largest FMCG company in India by revenue after Hindustan Unilever, surpassing Nestle and Britannia. Chairperson Sanjiv Puri announced the milestone at the annual general meeting, saying the company aspires to become India's number one FMCG player.
Business Kuku Technologies Seeks Rs 3.5k Cr in Confidential IPO Filing
Kuku Technologies has confidentially filed for an IPO to raise Rs 3,500 crore. The digital entertainment startup aims for a Rs 15,000 crore valuation, with plans to list later this fiscal year.
Business Rajesh Exports Shares Plummet 5% Amid SEBI Ban on CEO
Rajesh Exports Ltd shares fell 5% after SEBI banned CEO Rajesh Mehta for financial irregularities. The regulator cited misstatements and fund diversion.
Business Tech Stocks Tumble Amid AI Concerns, Oil Prices Pressure Markets
Tech stocks faced a significant downturn as concerns over AI disruptions grew, while rising oil prices added pressure to Dalal Street. The BSE Sensex fell by over 1,100 points during the session, recovering slightly to close 304 points down.
Business TCS Shares Plummet 8% Amid Market Volatility
Tata Consultancy Services (TCS) shares fell over 8%, marking the worst single-day drop since the Covid-era crash. The decline erased recent gains and raised concerns about market stability.
Business Prism Secures SEBI Approval for Rs 6,650 Crore IPO
Prism, the parent company of Oyo, has received approval from SEBI for a Rs 6,650 crore IPO, aiming for a $7-$8 billion valuation. The company plans to update its draft papers by July amid market volatility.
Business GVK Group Enters Fertility Care with Oval Fertility Launch
GVK Group has entered the fertility care sector with the launch of Oval Fertility in Hyderabad. The venture, co-founded by Veena Reddy and Dr. Brian Levine, aims to address the rising demand for fertility services in India.
Business Eldorado Drilling Acquires Vantage Drilling for $257 Million
Eldorado Drilling is set to acquire Vantage Drilling for $257 million, marking a strategic expansion in the offshore drilling sector. The merger, funded by Eldorado's principal shareholder, aims to enhance operational capabilities and customer solutions.
Business Top Indian Firms Lose Rs 1.54 Lakh Crore in Market Value
Seven of India's top ten companies saw a combined market valuation loss of Rs 1.54 lakh crore, with Reliance Industries suffering the steepest decline. Despite the losses, Reliance remains India's most-valued company.