Sat, Feb 24, 2024 12:53 PM
Weekend Wrap: From ABB India to Indian hotels, top market movers this week
A Flip by Avya Verma
UltraTech Cement will raise up to Rs 3,000 crore via private placement of non-convertible debentures in one or more tranches, as the cement maker seeks to strengthen its financial muscle amid intensifying competition. The Aditya Birla Group’s flagship company announced on Friday that its finance committee has approved a proposal to issue rupee-denominated, unsecured, redeemable.
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Nikhil Kamath's WTFund and Nazara Technologies invested Rs 2 crore in two Indian gaming startups, Norian Games and Xigma Games, to support innovation and growth in the country's gaming industry. The investment will provide financial support, mentorship, and strategic guidance to the startups, boosting India's presence in the global gaming market.
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Hero MotoCorp Limited, the world’s leading two-wheeler manufacturer, is optimistic and expects to outpace industry growth in the coming quarters. Fueled by fresh launches, rising demand, and a festive season boost, the company anticipates robust momentum ahead. The recently concluded festive season saw us clocking our highest ever retails at 16 lakhs units.
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