Thu, Jan 9, 2025 9:26 AM
Market dips, F&O curbs slow new demat account additions in December
A Flip by Shubhangi Gupta
IRB Infrastructure Developers Ltd and IRB Infrastructure Trust reported a 19% year-on-year growth in toll collections for December 2024, totaling ₹580 crore, driven by India's robust GDP growth. Despite a 9.1% decline in revenue, the company recorded a 4.3% increase in consolidated net profit, reaching ₹99.8 crore, with improved operating margins.
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Banana chips maker Beyond Snack has raised Series A funding while pet healthcare startup Dr. Doodley and laundry startup Revivo have secured pre-seed funding. The company has raised $8.3 million (about Rs 71 crore) in a Series A round led by 12 Flags Group, a consumer-focused investment firm set up by Rakesh Kapoor, the former global chief of Reckitt Benckiser.
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Polyplex Corporation has unveiled plans to establish a new BOPET (Biaxially Oriented Polyethylene Terephthalate) manufacturing film plant in India, aiming to bolster its production capacity by 52,400 MTPA. The company disclosed this development following its board meeting on January 9, 2025. BOPET films are polyester films known for their strength, transparency, and excellent barrier properties.
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