Page 1531 - Company News

VIL allots 12,000 optionally convertible debentures to ATC Telecom Infra

Vodafone Idea Ltd (VIL) on Monday said it has allotted 12,000 optionally convertible debentures to ATC Telecom Infrastructure

SpiceJet's $100 mln debt rejig: Carlyle Aviation to buy stakes in airline

In a move that will help reduce its debt by $100 mn, cash-strapped SpiceJet announced Carlyle Aviation Partners will acquire a 7.5% stake in the airline

Triveni Glass to invest Rs 1,000 cr in Andhra Pradesh for solar glass plant

Triveni Glass Ltd will invest Rs 1,000 crore to set up a 840 metric tonnes per day capacity solar glass manufacturing plant in Andhra Pradesh, the government said on Monday

Return on capital very low, expects tariff hike: Bharti Airtel chairman

The Return on capital in the telecom business is very low and a tariff hike is likely to be the mid of this year, Bharti Airtel chairman Sunil Bharti Mittal said here on Monday

Vedanta-Hindustan Zinc deal worry may hit divestment plan for FY23

Centre's opposition to the Vedanta-HZL deal is on account of valuation and the deal being a related-party transaction

Valuations, demand uptick hopes favour Indian metal companies

Most metal players have underperformed the benchmarks over the past year

JPMorgan Chase & Co investment arm purges its ESG funds of Adani stocks

BlackRock, DWS among firms still in Adani via MSCI ESG indexes

In a month, LIC stock down 15%, out of top 10 in market capitalisation

The state-owned insurer's market value is now down Rs 2.4 trillion, or 40 per cent, compared to initial public offering levels

Norway sovereign fund raised Ambani bets ahead of Adani Group exit

Overall India bets have nearly doubled since pandemic began

Adani stocks trading at valuation premium over Sensex companies

Even after recent carnage, group firms' trailing P/E multiple at 29.4x, against 22.5x of 30-pack index

Private equity firms Bain, KKR, Nibe Vie for $1.3 bn Fujitsu unit stake

Bain Capital and KKR & Co. are among the suitors selected for next round of bidding for Fujitsu Ltd.'s majority stake in its AC manufacturing unit, according to people familiar with the matter

SAIL-Bhilai receives special quality plates order in Chhattisgarh

The company is also executing export orders for an additional volume of around 10,000 tonnes of plates, which is likely to be completed in February

Wipro announces new global business line model to meet client priorities

Wipro on Monday announced 4 strategic global business lines as it looks to deepen alignment with clients' evolving business needs and tap emerging opportunities in high-growth segments of the market

NSE withdraws decision to drop Zee Entertainment from F&O segment

NSE said post the NCLAT order, ZEEL will move out of IBC framework, hence the surveillance action in the stock shall be reverted and the F and O contracts with May 2024 will be available

HC asks Centre to decide on attaching DMRC's assets for payment to RInfra

The court also made it clear that if the Centre refused the sanction, it has to disclose the reasons for the same, so that the Court could take a view thereon

Nine Adani firms end lower; group's combined mcap falls to Rs 6.81 trn

The Adani group has vehemently dismissed the charges as lies, saying it complies with all laws and disclosure requirements

CynLr launches research hub for vision, intelligence and robotics

The hub is called Cybernetics H.I.V.E. and can accommodate 16 robot research cells

Nissan raises global electrified car sales targets; to boost US input

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, up from a previous goal of 50%

Adani rebuffs report of $400 mn fundraise against Australian assets

Australia's corporate regulator earlier this month said it will review the report that has flagged a wide range of concerns about the group led by billionaire Gautam Adani

DoT to approve Vodafone Idea's third quarter payment plan soon: Report

Vi had earlier submitted a payment plan as it has paid only 10 per cent of the dues for the period