Zee Media on Wednesday confirmed the raising of Rs 230cr through the issuance of NCDs on private placement basis. "The board of directors of the company at their meeting approved the allotment of 2,300 unrated, unlisted, secured, redeemable non-convertible debentures bearing a face value of Rs 10,00,000, each for cash at par, aggregating to Rs 230cr on a private placement basis," the company said.

The Brookfield REIT IPO has been subscribed 2% so far on the first day of bidding, February 3. The public offer has received bids for 17.12 lakh units against the IPO size of over 7.62 crore units. The reserved portion of other investors, including corporates and individuals, witnessed 5.1% subscription, while institutional investors have not started bidding for the issue yet.

Ramco Cements announced 4.82% growth in total revenues for the Q3FY21 on a consolidated basis at Rs1,343.89cr. The cement production showed marginal growth as infrastructure orders picked up. However, residential and office spending is yet to pick up in a big way leading to tepid sales growth on a YoY basis. The consolidated PAT for the Dec-20 quarter was up 118.86% at Rs206.69cr.

Bajaj Consumer goods company with major brands in hair care, Bajaj Consumer reported a healthy Q3FY21 quarter with both bottom-line and top-line front witnessing substantial growth. In Q3FY21, Bajaj Consumer's consolidated net profit stood at Rs57.29cr, higher compared to a profit of Rs56.92cr of the preceding quarter and Rs48.74cr a year ago same period.

PNC Infratech Limited stock hit a fresh 52-week high of Rs226.45 per piece during intraday trade on Wednesday so far. The company informed the exchanges Tuesday that its wholly-owned subsidiary PNC Unnao Highways Pvt Ltd received NHAI confirmation on the achievement of Financial Closure for one of Highway Projects in Uttar Pradesh on Hybrid Annuity Mode on December 31, 2020.

Bharti Airtel share price hits a 52-week high of Rs 619, rising over 3% intraday on February 3, ahead of the company's Q3-2020 result announcement. Telecom major Bharti Airtel will report its earnings today where brokerages suggest watching out for commentary on spectrum renewal and 5G. The numbers are likely to be mixed with some hits on yearly basis and misses on a quarterly basis.

Mobile Premier League (MPL)is planning to bag $100 Mn in a recent funding round. The latest round sees Composite Capital, Moore Capital and Telstra Ventures investing at a post-money valuation of $800 Mn. It comes days after MPL had announced that it had raised $500K from its existing employees, as part of the employee investment plan.

Adani Enterprises incorporated a wholly-owned subsidiary Azhiyur Vengalam Road Private Limited (AVRPL), on February 1, 2021. The new subsidiary will ensure the development, maintenance and management of six-laning of Azhiyur to Vengalam section of NH-17 in Kerala on Hybrid Annuity Mode under Bharatmala Pariyojna and to do all necessary and incidental activities.

Venky’s India reported 5.85% growth in total revenues for the Q3-2020 on a consolidated basis at Rs931.68cr. Venky’s performance poultry and poultry products recorded a growth of over 11% while animal health products grew by less than 10%. The consolidated profit after tax (PAT) for the Q3-2020 turned around to Rs.106.50 crore as against a net loss of Rs-5.86cr in Dec-19 quarter.

Amazon needs to pay about $62 million to settle charges for taking away tips from its delivery drivers. The Federal Trade Commission said Tuesday that for more than two years, Amazon didn’t pass on tips to drivers, even though it promised shoppers and drivers it would do so. The FTC said Amazon didn’t stop taking the money until 2019, when the company found out about the FTC’s investigation.

upGrad is reportedly in advanced talks with Singapore-based sovereign wealth fund Temasek and World Bank’s International Finance Corporation (IFC) to raise $100 Mn in a fresh funding round. The company is raising the capital at a valuation of $450 Mn-$500 Mn. upGrad announced revenue of INR 163 Cr in FY2020, but at the same time losses mounted to INR 79 Cr.

Bharat Biotech partners with Ocugen, a US-based biopharmaceutical company to co-develop, supply, and commercialise - the Indian vaccine maker’s COVID-19 vaccine Covaxin in the US market. Under the terms of the agreement, Ocugen will have US rights to the vaccine candidate and will be responsible for clinical development, regulatory approval including EUA and commercialization for the US market.

Future Group will challenge the Delhi High Court order that has halted the sale of its assets to RIL on objections by Amazon.com, Reuters reported. On Tuesday, the Delhi HC said it is of the "clear view" that the emergency award (EA) by the Singapore International Arbitration Centre (SIAC) is enforceable in India. So, it asked Future Group not to proceed with the Rs 24,731-crore Reliance deal.

Wonderla Holidays announced a loss of Rs 14.75cr its financial results for the Q3 of FY21 that ended on December 31, 2020. The company had declared Rs21.03cr Profit After Tax during the corresponding period of last Financial Year. The loss for the nine months ended December 31, 2020, was Rs45.06cr against Rs63.22cr PAT declared by the company during the corresponding period of last fiscal.

Tata Motors will consider and approve the scheme of arrangement involving the transfer of passenger vehicle (PV) unit to TML Business Analytics Services during its March 05. 2021, meeting. The Tata Group's flagship automobile last year had announced its plan to turn its PV unit into a separate entity and also seek a strategic partnership to enable the unit to secure its long term viability.