Oct 7, 2021
By: Rounak JainRaised ₹315 crore from marquee investors, intends to use the funds for financing growth activities, strategic acquisitions including those in verticals like gamified learning, freemium games, esports and more.
Credit: Nazara-Technologies
Moved NCLAT to appeal against NCLT’s order demanding a reply by October 7. Has also alleged that Invesco wants to ‘clandestinely’ take over the company, and sought a stay on proceedings until NCLAT decides on the matter.
Credit: Zee-Entertainment
It also revealed that although the Zee-Sony India merger is best for the company, it is open to offers from other bidders.
Credit: Zee-Entertainment
Reported a strong recovery in demand to above or close to pre-pandemic levels. It said its jewellery, watches and eyewear businesses grew by 78, 73 and 74 percent respectively in the September quarter, year-on-year.
Credit: Titan-Company
Oil prices eased the most in two weeks after an increase in US inventories, and Russia stepped in to say it is ready to help ease the global energy crisis.
Credit: ONGC
Private equity giant Blackrock sold 2.55 million equity shares (rights entitlement) via bulk deals on October 6.
Credit: BCCL
Received tentative approval from the US FDA for Brexpiprazole tablets used in the treatment of schizophrenia.
Credit: Lupin
Entered into a memorandum of understanding with the govt-owned Braithwaite & Co. Ltd., to use the expertise of each other to generate at least ₹1,000 crore business per year.
Credit: BCCL
LIC increased its stake to 6.12 percent by acquiring nearly 40 million shares from the open market on October 6.
Credit: Ambuja-Cements