Page 1011 - Company News
Vizag Steel Plant restarts 'Blast Furnace-3' to raise hot metal production
Named 'Annapurna', symbolising abundance and prosperity, chairman Bhatt exuded confidence that BF-3 would bring prosperity to the steel plant. He was accompanied by other officials
 "Vizag Steel Plant restarts 'Blast Furnace-3' to raise hot metal production")
Missed timelines, manpower crunch pose challenges for insolvency resolution
As the Insolvency and Bankruptcy Code (IBC) timelines stretched well beyond their specified limits, the companies undergoing the resolution process saw an erosion in the value of their assets
 "Missed timelines, manpower crunch pose challenges for insolvency resolution")
Vi shares rise 22% to 1 yr high as company nears fundraising deadline
The company has said multiple times that any new funding by banks will be used for the deployment of capital expenditure, and not to roll over existing dues
 "Vi shares rise 22% to 1 yr high as company nears fundraising deadline")
Maruti saw biggest jump in average revenue earned per car in 2023 at 13%
In 2022, MSIL had experienced an 11.98 per cent Y-o-Y increase in average revenue per car
 "Maruti saw biggest jump in average revenue earned per car in 2023 at 13%")
India transforming from nation of savers to that of investors: Uday Kotak
India has transformed from being a nation of savers to investors and the tussle between the saver/borrower and issuer/investor model is underway
 "India transforming from nation of savers to that of investors: Uday Kotak")
Distributors may halt HUL stock buys amid margin structure change
FMCG companies typically give fixed margins of 4-6 per cent, while variable margins depend on milestones or performance parameters
 "Distributors may halt HUL stock buys amid margin structure change")
NFRA finds certain lapses in audit quality of Walker Chandiok - Co
The regulator initiated an audit quality inspection of Walker Chandiok & Co LLP in December last year and covered various aspects
 "NFRA finds certain lapses in audit quality of Walker Chandiok - Co")
AI Express' flights connecting Ayodhya with Bengaluru, Kolkata from Jan 17
The carrier will operate its inaugural flights between Ayodhya and Delhi on Saturday, alongside the inauguration of the Maharishi Valmiki International Airport Ayodhya Dham
 "AI Express' flights connecting Ayodhya with Bengaluru, Kolkata from Jan 17")
Goldman Sachs beats JP Morgan to emerge best provider for merger advice
The bank ended up with a 31% share of the global take for merger advice, edging past JPMorgan Chase & Co., which was in the lead at the year's midpoint, according to data compiled by Bloomberg
 "Goldman Sachs beats JP Morgan to emerge best provider for merger advice")
Weak rural demand to delay Dabur's recovery; worst performer among peers
The slowdown in consumption was on account of higher food inflation that had impacted the home and personal care segment
 "Weak rural demand to delay Dabur's recovery; worst performer among peers")
Meesho turns profitable with losses halved to Rs 1,675 cr in FY23
The company's revenue grew 77 per cent to Rs 5,735 core
 "Meesho turns profitable with losses halved to Rs 1,675 cr in FY23")
Defence Secretary Aramane urges HAL to partner with private players
Hailing the important work being done by HAL, Aramane said, "HAL has received applause at the highest levels and the government trusts your capability to deliver and make the country self-reliant "
 "Defence Secretary Aramane urges HAL to partner with private players")
State-owned NBCC bags Rs 89 cr order from DMRC to construct staff quarters
NBCC (India) Ltd is a Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company has been listed with National Stock Exchange (NSE) and BSE since 2012
 "State-owned NBCC bags Rs 89 cr order from DMRC to construct staff quarters")
Tata's TCIL to invest over Rs 1,785 cr in manufacturing unit in Jamshedpur
The facility, an expansion project, is scheduled for commissioning in 2026, and is likely to generate about 600 direct and indirect employment opportunities, TCIL said
 "Tata's TCIL to invest over Rs 1,785 cr in manufacturing unit in Jamshedpur")
Delhi court extends ED custody of three vivo-India executives by one day
The ED had filed a charge-sheet against four people in a special PMLA court in Delhi. The court recently took cognisance of the charge-sheet
 "Delhi court extends ED custody of three vivo-India executives by one day")
MICL Gr to invest Rs 50 cr for residential property redevelopment in Mumbai
The site is located at Mumbai's Pali Hill, the epitome of upscale living with scenic views, affluent residences, and a vibrant cultural scene, surrounded by lush greenery
 "MICL Gr to invest Rs 50 cr for residential property redevelopment in Mumbai")
SJVN secures Rs 10,000 cr construction finance facility from banks
State-owned SJVN Ltd has secured Rs 10,000 crore construction finance facility to fund its upcoming renewable energy projects from a group of leading domestic and international lenders
 "SJVN secures Rs 10,000 cr construction finance facility from banks")
Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics
Founded in 2014, Nephrocare India operates three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata
 "Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics")
PNB board clears equity raise upto Rs 7,500 cr in FY25 to aid biz growth
Options open for institutional placement, follow-on issue
 "PNB board clears equity raise upto Rs 7,500 cr in FY25 to aid biz growth")
Kolkata-based Nephrocare India secures Rs 8.08cr in pre-IPO funding
The funding saw participation from marquee investors, who include former HDFC chairman Deepak Parekh, HDFC Securities chairman Bharat Shah, and MD of Macleods Pharmaceuticals Rajendra Agarwal
 "Kolkata-based Nephrocare India secures Rs 8.08cr in pre-IPO funding")