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Oct 11, 2024 | 
msn.com | Varun Vyas Hebbalalu |Ashna Teresa Britto
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Oct 4, 2024 | 
reuters.com | Praveen Paramasivam |Ashna Teresa Britto
Oct 4 (Reuters) - Belgium's Verlinvest aims to double its annual investment in India within three years, a top executive said, focusing on healthcare and lifestyle companies, as it bets on the growing spending power in the world's fastest-growing major economy.
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Sep 26, 2024 | 
jp.reuters.com | Aditya Kalra |Ashna Teresa Britto |Haripriya Suresh
ソフトバンクグループが出資するインド食品宅配サービス大手スウィッギーは９月２６日、新規株式公開（ＩＰＯ）を申請した。５月６日、ニューデリーで撮影（２０２４年 ロイター/Priyanshu Singh） [ニューデリー／ベンガルール ２６日 ロイター] - ソフトバンクグループが出資するインド食品宅配サービス大手スウィッギーは２６日、新規株式公開（ＩＰＯ）を申請した。関係者の１人は、１２億５０００万ドル規模のＩＰＯになるとみている。 目論見書によると、スウィッギーは３７５億ルピー（４億４８５６万ドル）相当の株式、プロサスやアクセルインディア、テンセント・ヨーロッパなど既存投資家は約１億８５３０万株をそれぞれ売り出す予定。 先の関係者の話では、スウィッギーはＩＰＯで企業価値を１５０億ドルとすることを目指している。 同社が２０２２年、インベスコ主導で行った資金調達ラウンドにおける評価額は１０７億ドルだった。 インド食品宅配業界でゾマト(ZOMT.NS) , opens new...
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Sep 26, 2024 | 
theprint.in | Aditya Kalra |Ashna Teresa Britto |Haripriya Suresh
The Bengaluru-based startup is targeting a valuation of $15 billion through the offering, said the source, who had direct knowledge of the matter. Swiggy’s last funding round, led by asset manager Invesco in 2022, valued it at $10.7 billion. Swiggy did not immediately respond to a Reuters request for comment.
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Sep 26, 2024 | 
ca.finance.yahoo.com | Aditya Kalra |Ashna Teresa Britto |Haripriya Suresh
A gig worker picks up groceries for an order from a Swiggy's grocery warehouse, in New DelhiNEW DELHI/BENGALURU (Reuters) -SoftBank-backed Swiggy filed papers on Thursday for an initial public offering, which a source said would be worth $1.25 billion, as the food delivery firm looks to tap a booming stock market in one of India's biggest listings this year.
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Sep 9, 2024 | 
gurutrade.com | Ashna Teresa Britto |Savio D'Souza
BENGALURU, Sept 9 (Reuters) - India's GMR Airports Infrastructure said on Monday it increased its stake in the main airport in New Delhi to 74%, by buying out Frankfurt Airport operator Fraport's 10% interest in a deal worth $126 million.
The Airports Authority of India (AAI) will continue to hold its 26% stake in Delhi International Airport Ltd (DIAL), one of the country's biggest and busiest airport, GMR said.
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Aug 7, 2024 | 
gurutrade.com | Varun Vyas Hebbalalu |Ashna Teresa Britto |Sonia Cheema
BENGALURU, Aug 7 (Reuters) - India's Sula Vineyards reported a rise in quarterly profit on Wednesday as consumers snapped up more of its cheaper wine, outpacing feeble demand for its premium offerings due to national elections and heatwaves during the period.
The country's biggest wine maker's consolidated net profit rose 7% year-on-year to 146.3 million rupees ($1.7 million) for the quarter ended June 30.
Its profit had fallen in the previous quarter.
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Aug 6, 2024 | 
gurutrade.com | Ashna Teresa Britto |Sherry Jacob-Phillips
BENGALURU, Aug 6 (Reuters) - 3M India reported on Tuesday a 22% jump in its first-quarter profit, as a decrease in total expenses helped lift the diversified products maker's bottomline.
The company, which makes everything from 'Post-it' notes to power tools, reported a consolidated profit after tax of 1.57 billion rupees ($18.7 million) for the quarter ended June 30, from 1.29 billion rupees a year earlier.
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Jul 25, 2024 | 
gurutrade.com | Ashna Teresa Britto |Sherry Jacob-Phillips
BENGALURU, July 25 (Reuters) - Nestle India's first-quarter profit and revenue came in below expectations on Thursday as price hikes drove shoppers towards cheaper rivals, pushing the consumer giant to mark its slowest revenue growth in eight years.
The Indian arm of the Swiss food giant Nestle reported a net profit of 7.47 billion rupees for the three-month period ended June, missing analysts' estimate of 8.16 billion rupees, as per LSEG data.
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May 14, 2024 | 
gurutrade.com | Navamya Ganesh Acharya |Ashna Teresa Britto |Eileen Soreng
BENGALURU, May 14 (Reuters) - Colgate Palmolive (India) reported a 20% rise in fourth-quarter profit on Tuesday, helped by price hikes and higher demand for its personal care products, mainly toothpastes.
Net profit rose to 3.80 billion rupees ($45.5 million) for the January-March period, from 3.16 billion rupees a year earlier.
