Page 1830 - Company News

Dwindling wage growth emerging as bigger worry, says Ind-Ra report

This is in spite of the overall economy growing at 13.5 per cent, much lower than consensus estimates, in the first quarter of the current fiscal

Flavoured milk or beverage? AAAR says Vadilal's Power Sip is the latter

GST rate is 5% on milk and 12% for beverage; company says product is flavoured milk

Reliance Jio going with Nokia, Ericsson to roll out 5G network in October

Sources say that Airtel is planning a similar launch of 5G in most of the same cities from October onwards

NCLAT sets aside insolvency proceedings against Mack Star Marketing

The NCLAT observed that out of Rs 147.6 crore -- sanctioned by Yes Bank in Mack Star's name for the purpose of renovating 'Kaledonia' a two-year-old building constructed at a cost of Rs 100 crore

Future Lifestyle Fashions gets three-month extension for holding AGM

The deal was called off by the billionaire Mukesh Ambani-led Reliance Industries Ltd in April after it failed to get the support from lenders' of the respective companies

Fortune India Rich List 2022: 142 billionaires worth $832 billion

Fortune and Waterfield collected details of listed and unlisted wealth, additional information regarding investments outside of the listed business

Vehicle sales up 8% in Aug, two-wheelers cause for concern: FADA

Tractor sales decline 32% despite good monsoons; three-wheelers do modestly compared to 2019

Lack of clarity on new policy likely to cap further upside for Concor

The positive for the stock is that the new policy lifts the LLF overhang, clearing the way for divestment

CreditSights finds 'errors' in its report on Adani companies' debt

In a report dated September 7, CreditSights said it had spoken with Adani Group's finance and other executives and reconciled some figures for Adani Transmission and Adani Power

PhonePe tokenises 14 mn cards ahead of RBI's deadline of Sept 30

PhonePe said it is working with three major card networks, Visa, Mastercard, and RuPay, to meet the regulator's tokenisation deadline of September 30.

Lenders review resolution process of debt-ridden Reliance Capital

The Committee of Creditors (CoC) on Wednesday reviewed the resolution process of the debt-ridden Reliance Capital, for which the bidding process closed on August 29

Tatas all set to monetise road, ropeway projects; to raise Rs 6K crore

The Tata group is following several other companies, which are selling infrastructure projects, to raise cash

Coal price hike remains difficult for CIL: Chairman tells analysts

Coal India expects to achieve production levels of above 900 million tonne by 2024-25

Now, book a bus ride in Gurugram on Uber; service in other cities soon

This pilot will start with Gurugram CNG AC buses on the top-two routes during peak commute hours

Varde Partners to pick up 15% in Reliance Power for Rs 933 crore

Reliance Power's stock price closed trade at Rs 21.30 a share on Thursday, down 1.62 per cent over the previous day's close

M&M unveils its first electric sports utility vehicle 'XUV400' in India

The deliveries of XUV400 are scheduled to begin from the end of January next year

Jet Airways faces turbulence ahead of launch as 3 senior executives quit

The Jalan-Kalrock consortium (JKC), which is preparing to launch the airline, however, downplayed the exits

Steel-makers margins to nearly double in H2 to 25% from H1 levels: Report

Lower raw material prices, mainly global coking coal and domestic iron ore, may lower production costs by 30 per cent in the second half of this fiscal, he said

'Govt to acquire VIL stake after share price stabilises at Rs 10 or above'

The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source

CreditSights finds calculation errors in debt report on Adani Group firms

CreditSights said it had discovered calculation errors in its recent debt report on two power and transmission companies controlled by Gautam Adani, following a conversation with the management