Page 309 - Bs Reporter

Adani's defence subsidiary acquires majority stake in PLR Systems

The transaction was completed by way of a cash transaction with one of the existing shareholders of PLR Systems

Kamath panel to submit recommendations on debt restructuring today

The panel was formed to advise the RBI on the debt restructuring of corporate borrowers facing stress due to the pandemic.

KfW IPEX-Bank offers loan of 10 mn euros to Srei Equipment Finance

The borrower, SEFL, was set up in 2008 to pool orders from individual Indian construction companies and make the newly ordered machines available to the respective users.

Tata Power wins Rs 490 cr defence order for all-weather rocket system

Contract to be executed in 31 Months after accord of Bulk Production Clearance, and once First off Production Model is validated

Edelweiss arm secures $350 mn investment from Ontario Teachers' Pension

The investment will be deployed in Edelweiss Alternate Asset Advisors' (EAAA), a platform that manages AUM of $3 billion

NCLT approves sale of IL&FS' education assets to Falafal Technology

IIDMCC is the wholly-owned subsidiary of ITNL International Pte Limited (IIPL), which in turn is a wholly-owned subsidiary of IL&FS Transportation Networks Ltd

Infosys to hire 12,000 more tech professionals, fresh grads in US by 2022

In 2017, the company had committed to hire 10,000 locals in two years which it has exceeded. Since then, the Bengaluru-based based firm said, it has created 13,000 jobs in the country

Sebi eases default recognition norms for Covid-related debt restructuring

It had directed credit rating agencies not to assign default grade to entities that undergo restructuring solely due to Covid-related stress, earlier in March

Marketing expert Krishan Premnarayen gets AAAI Lifetime Achievement Award

Premnarayen, who became the youngest president of AAAI in 1988, had played a key role in its rise to prominence and its tie-ups with I&B Ministry, Doordarshan and All India Radio

Hong Kong-based PAG picks 51% stake in Edelweiss Wealth for Rs 2,200 cr

PAG has been an active investor in the Asian region and most of its deals involve taking control as is the case with the latest Edelweiss investment

Sebi delays implementation of new norms for proxy advisors due to Covid-19

The new framework, which was to come into effect from September 1, will now be applicable from January 1, 2021

Regulator extends price cap on knee implants by one month till Sept 15

The NPPA had allowed firms to take a 10 per cent hike for their knee implant products last year

Unlock BFSI 2.0: Indians learnt importance of health insurance after Covid

But the crisis has also brought in a new challenge for general insurance providers, with claims doubling every 30 days

Unlock BFSI 2.0: From push, insurance has become a 'nudge product'

While demand for insurance, especially protection products, has gone go up, affordability is an issue

ICICI Bank will offload 2% in ICICI Securities to attain 25% public holding

Some 6.44 million shares will be sold in the open market, the lender says

Mahindra ties up with Israel's REE Automotive to develop commercial EVs

The tie-up will leverage REE's electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel

Tata group, UK govt talks fail on rescue package for JLR, steel plant

Tatas are struggling with both steel and car plants in the UK which are making huge losses

Govt removes tweet on bringing hotel bills of over Rs 20K under I-T scanner

The tweet was put up by mygovindia, a platform founded by the government to promote the active participation of citizens in their country's governance and development, on Thursday

Sterlite Power sells 14.7% stake in IndiGrid, HNIs for Rs 840 crore

Sterlite Power is the sponsor of IndiGrid, India's first power sector InvIT, which saw its initial offer in 2017

NTPC consolidated pre-tax profit dips 6% to Rs 3,443 crore in June quarter

The firm's total income during April-June came down to Rs 26,794.68 crore, compared to Rs 27,353.36 crore in the year-ago period