Page 2 - Private Companies
Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector
The steep proliferation in the state energy demand is attributed to the projected setting up of new industries and manufacturing plants over the next five years
 "Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector")
Uniqus Consultech raises $12.5 mn, eyes $100 mn revenues in next 5 years
The company plans to invest the funds raised in technology and scaling up business across India, US and Middle East
 "Uniqus Consultech raises $12.5 mn, eyes $100 mn revenues in next 5 years")
Reliance most valued Indian firm; 2 Adani units join top ranks: Study
Top 500 companies in Burgundy Private Hurun India's list are worth $2.7 trillion
 "Reliance most valued Indian firm; 2 Adani units join top ranks: Study")
Zomato co-founder Mohit Gupta resigns; pens a heartfelt farewell note
In a farewell note, Gupta said that it was an honour for him to see the company grow leaps and bounds
 "Zomato co-founder Mohit Gupta resigns; pens a heartfelt farewell note")
Alternative fuel start-up Buyofuel raises Rs 11.5 cr in series A funding
The funds raised will be put towards expanding the company's services across geographies, development of product offerings as well as technology
 "Alternative fuel start-up Buyofuel raises Rs 11.5 cr in series A funding")
Q2 earnings: Corporate profits decline, a first in nine quarters
The combined net profit of 2,725 listed companies across all sectors was down 6.3 per cent year-on-year (YoY) in Q2 -the first contraction after eight consecutive quarters of YoY growth
 "Q2 earnings: Corporate profits decline, a first in nine quarters")
Sembcorp acquires 100% stake in GIP-backed Vector Green for Rs 2,780 cr
Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp's gross renewable assets in India to 3 Gw
 "Sembcorp acquires 100% stake in GIP-backed Vector Green for Rs 2,780 cr")
Strong SUV sales bump up M&M's Q2 net by 46% YoY to Rs 2,090 crore
Revenue during the period rose 57% to Rs 20,839 crore from Rs 13,314 crore
 "Strong SUV sales bump up M&M's Q2 net by 46% YoY to Rs 2,090 crore")
Billionaire Hinduja brothers end family feud on pact signed in 2014
The fight among Hinduja brothers was caused because of a pact signed by them in 2014 that said that 'everything belongs to everyone and nothing belongs to anyone'
 "Billionaire Hinduja brothers end family feud on pact signed in 2014")
German PE firm acquires 80% stake in Mahindra-owned Peugeot Motorcycles
The Munich-based private equity holding company has a portfolio of 32 companies and has a presence across Europe
 "German PE firm acquires 80% stake in Mahindra-owned Peugeot Motorcycles")
Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn
The media technology provider has raised over $100 mn in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic
 "Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn")
Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses
The SoftBank-backed company reported losses of Rs 102 crore in FY22 after reporting a profit of Rs 28 crore in the previous financial year
 "Lenskart FY22 revenue rises 66% to Rs 1,502 cr, but slips into losses")
We work in a few mkts, don't spread ourselves thin: Mahindra Lifespaces CEO
In a Q&A, Arvind Subramanian says his firm hopes to achieve Rs 2,500 crore residential sales a year and industrial leasing of Rs 500 crore by 2025
 "We work in a few mkts, don't spread ourselves thin: Mahindra Lifespaces CEO")
GAIL Q2 net profit down 46% on higher prices, Russian gas disruption
In an emergency bid to secure stable LNG supply, GAIL has sought to expedite talks on short- and long-term supply deals with Gulf firm ADNOC
 "GAIL Q2 net profit down 46% on higher prices, Russian gas disruption")
Freshworks faces class action lawsuit in US for false statements during IPO
One of the two law firms suing Freshworks is urging investors who have incurred losses of $100,000 to join the litigation, asserting that the company has violated federal security laws
 "Freshworks faces class action lawsuit in US for false statements during IPO")
AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park
The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy
 "AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park")
Samsung India reports 10% jump in FY22 revenues from ops to Rs 85,324 cr
In FY22, the South Korean company's overall revenue in India, including other income, increased by 10% to Rs 85,324 crore
 "Samsung India reports 10% jump in FY22 revenues from ops to Rs 85,324 cr")
Hitachi Energy to supply transformers for NTPC renewable energy park
The NTPC REL facility in Kutch produce electricity to support 8 million people
 "Hitachi Energy to supply transformers for NTPC renewable energy park")
Gifts, dinner vouchers, pre-Diwali bashes by corporates light up hotel biz
Companies across the sectors, particularly the multinationals want to do more for employees to attract them to come to office
 "Gifts, dinner vouchers, pre-Diwali bashes by corporates light up hotel biz")
Entities involved in trade would cease to be a charitable institution: SC
This judgement could have wide ramifications as the charitable institutions involved in any trade or commerce in the name of said provision could come under its radar
 "Entities involved in trade would cease to be a charitable institution: SC")
