Page 41 - Ishita Ayan Dutt

Eveready posts loss in March quarter, initiates steps for 'quick' recovery

Firm is also undergoing a change of control, with the Burman Group intent on taking charge

Delhi HC stops Punjab & Sind Bank from acting on SREI loan reclassification

Sources say the order will help SREI preserve the resolution process while protecting lenders and stakeholders from any value erosion on account of such unnecessary reclassification

Punjab & Sind Bank declares SREI firms' outstanding dues as fraud

Lender becomes first to classify SREI Infra Finance and SREI Equipment Finance as fraud accounts, say sources; bank says the accounts fully provided for as per prudential norms

Burmans scale up holding to 20.07% in Eveready via open market purchases

A disclosure to the stock exchanges on Monday showed 88,683 shares translating to 0.12 per cent were bought on April 13 by Burman Group entities

Indian tea companies smell opportunity as Sri Lanka crisis brews

Island nation largest orthodox tea supplier, exporting over 95% of its production, according to ICRA report

UK-based investor Nithia Capital eyes more acquisitions in steel space

Firm has been active in Indian steel space the past few years. Earlier in the month, it completed acquisition of Crest - under IBC - for a consideration exceeding Rs 600 crore

JSW Utkal Steel gets green nod for 13.2 mt new steel plant in Odisha

The firm said capex for the integrated steel plant is likely to be about Rs 65,000 cr including associated facilities

Boosters for all: Pvt hospitals in a bind over new pricing, old vax stocks

Some Kolkata hospitals have decided to go with the new pricing from Monday on the basis of discussions.

Srei founder Hemant Kanoria urges RBI governor not to accept KPMG report

Sources say he has pointed out that any action based on "improper" report may hamper ongoing resolution process being undertaken by RBI's administrator under IBC

Winding path to 'green steel': Transition for sector needs policy enablers

The root of the problem lies in the centuries-old steelmaking process

Rising raw material cost pushes steel prices to fresh record highs

Raw material prices had been on the rise, but since Russia waged war on Ukraine, prices surged.

India's tea exports to Russia face shipping snags, payment delays

Uncertainty looms large over one of India's largest tea markets; exporters scramble to get state help.

Top Court directs Arbitral Tribunal to dispose of Eveready challenge

Asks Eveready not to 'dissipate or dispose' of its assets, except in the usual course of business

Mamata may need to conjure up resources to woo big-ticket projects

Investor summits by any state are about intent, big numbers, and tall claims.

IFB Agro board approves contributions up to Rs 40 cr to political parties

Firm mentions in Stock exchange filing that it was writing in continuation of earlier letters to boures wherein it had intimated about excise issues affecting it

States begin doing away with Covid restrictions; Delhi removes no-mask fine

Some states like Tamil Nadu are, however, taking a cautious approach, and are yet to announce major relaxations

'Very large' cost hike for steel industry can come next qtr: Seshagiri Rao

Senior executive of JSW Steel sees 'distortions in market' after Russian invasion of Ukraine

Samsung eyes 40% share in mid to high-end smartphone mkt by year end

Leans on revamped Galaxy A-Series; current market share is upwards of 25 per cent in the Rs 20,000-45,000 segment

Tata Steel board approves appointment of Noel Naval Tata as vice-chairman

Noel Tata is also the chairman of Tata International Limited, Voltas Limited, Tata Investment Corporation Limited and the vice-chairman of Titan Company.

Emami acquires Dermicool prickly heat talc brand from Reckitt for Rs 432 cr

Deal will be funded through internal accruals, is the biggest by Emami after 'Kesh King' hair and scalp products (2015), and Zandu Pharma (2008)