Page 21 - T E Narasimhan

Nissan, Tamil Nadu end $660-million tax dispute after five years

State government and Nissan file a joint compromise memo for withdrawal of case after reaching settlement

Vedanta moves Supreme Court seeking reopening of Sterlite copper plant

On August 18 the Madras HC refused to allow the unit at Tamil Nadu to start functioning again. It has remained shut since April 2018

Lower GST will help entire auto supply chain: TVS Motor's Sudarshan Venu

Govt would look into the auto industry's demand for lowering the tax rate on two-wheelers, said Sitharaman

Revenues are close to 75% of pre-coronavirus levels, says Sun TV

Speaking to investors, S L Narayanan, Group CFO, Sun TV Network said, capex depends on how quickly the theaters restart

Ashok Leyland shares up 13% post Q1 nos; expects Q3 and Q4 to be better

The company reported a consolidated net loss of Rs 388.82 crore for the first quarter ended June 30 (Q1) as against a net profit of Rs 274.96 crore in Q1FY20

Sun TV pre-tax profit drops by 40% to Rs 352 cr in Q1, revenue at Rs.606 cr

40% drop in revenue, largely due to absence of IPL and movie distribution

Nearly 70k Covid-related claims worth Rs 700 cr settled by insurers: Irdai

Regulator asks insurers to look at more standard products to increase the coverage

Cautiously optimistic of reaching pre-Covid sales by Dec-end: JK Tyre CMD

About Covid-19, Raghupati Singhania says it has caused the company to defer its expansion plans

Indian Bank reports PBT of Rs 614.22 cr in Q1, operating profit rises 23%

The first quarter numbers are not comparable year on year and quarter on quarter as they come after the merger (Indian Bank +Allahabad Bank)

Biz consulting group Ma Foi launches e-learning platform Ma Foi Etude

Platform will cater mainly to rural and semi-urban students empowering them with future-ready skills that meet corporate demands

Madras HC stays order barring Patanjali Ayurved from using mark 'Coronil'

Division Bench grants the company relief for two weeks

Tamil Nadu reports 5,890 new Covid cases, Chennai back to 1,000-plus

According to the State Health Department 68,301 persons tested across the state, while 5,556 patients were discharged and 117 new deaths were reported

City Union Bank PBT in Q1 down 15% to Rs 199 cr on provisions

PBT for the quarter was impacted on account of additional provision of Rs 100 crore towards Covid-19

MRF pre-tax profit down 93% to Rs 28 cr in Q1 on Covid hit

Revenue dropped by nearly 45 per cent to Rs 2,403.57 crore during the first quarter ended June 30, 2020 as against Rs 4,40950 crore

Tamil Nadu bank branches to work with 50% staff under new guidelines

Move follows objection and strike threat by unions over earlier instruction calling for 100% attendance

Ramco Cement PBT drops 43% to Rs 157.5 cr in Q1, firm cites Covid impact

Revenue dropped 24 per cent to Rs 1,056.79 crore, EBITDA down 27%

PE/VC investments drop 51% to $4.1 billion as big deals shrink in July

According to the IVCA-EY report, July recorded 10 large deals (value greater than $100 million) worth $3.1 billion compared to 13 large deals worth $7.1 billion in July 2019

Govt plans sale, registration of EV two, three wheelers without batteries

Battery, which accounts for 30-40% of the total cost of a vehicle, could be provided separately.

Air Asia picks Kerala-based startup JIFFY.ai for Robotic Process Automation

JIFFY.ai has development centers in Silicon Valley, Thiruvananthapuram, Bangalore and Kochi

Volvo Buses India integrates with VECV in merger valued at Rs 100 cr

Two bus businesses will become part of a new division in VECV, say executives.