Page 1969 - Company News
Pidilite Industries stock gains on sales growth, margin recovery hopes
Easing raw material prices are a key trigger for the adhesive market leader
 "Pidilite Industries stock gains on sales growth, margin recovery hopes")
Sebi imposes Rs 30 lakh fine on RIL and two of its compliance officers
Sebi said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the Facebook investment that led to a spike in RIL shares
 "Sebi imposes Rs 30 lakh fine on RIL and two of its compliance officers")
Will Amazon be able to overcome challenges to its expansion plans in India?
A tougher global e-commerce environment and repeated policy and regulation problems are raising questions about the company's India expansion plans
 "Will Amazon be able to overcome challenges to its expansion plans in India?")
Air India's best years have yet to come: CEO-designate Campbell Wilson
Former CEO of no-frills carrier Scoot visits Air India's Delhi office; will take charge formally after completion of formalities
 "Air India's best years have yet to come: CEO-designate Campbell Wilson")
Marzin R Shroff to step down as MD & CEO of Eureka Forbes in August
Will move to a new role as a senior advisor to both Eureka Forbes and Advent International
 "Marzin R Shroff to step down as MD & CEO of Eureka Forbes in August")
IDBI Bank puts properties of Great India Tamasha Company on sale
According to a public notice issued by IDBI Bank, the immovable properties, which will be sold through e-auction next month, are located in Karnataka's Kodagu district
 "IDBI Bank puts properties of Great India Tamasha Company on sale")
BSES to install 5 mn smart meters across Delhi in country's largest rollout
Floats tender worth Rs 4,000 crore to procure the meters; installation to start by October
 "BSES to install 5 mn smart meters across Delhi in country's largest rollout")
Telcos flag concerns about captive network issue ahead of 5G auction
The auction related pre-bid conference was attended by telecom operators Reliance Jio, Bharti Airtel and Vodafone Idea
 "Telcos flag concerns about captive network issue ahead of 5G auction")
DBS Bank India acquires 9.9% in NBFC Svakarma Finance for undisclosed sum
DBS Bank India said the stake buy in Svakarma will help in delivering relevant financial solutions to the micro-enterprises through a combination of direct lending and co-lending
 "DBS Bank India acquires 9.9% in NBFC Svakarma Finance for undisclosed sum")
Auto ancillaries' revenue may grow 8%-10% in FY23 on stable demand: Icra
The revenues are expected to grow 8-10 per cent in 2022-23 on the back of a stable demand and likely easing of supply-chain concerns in the second half of the year, Icra said.
 "Auto ancillaries' revenue may grow 8%-10% in FY23 on stable demand: Icra")
Kamdhenu demerges paints biz; to list new entity Kamdhenu Ventures in Q2
Post demerger, Kamdhenu Ltd will continue to focus on steel business, while Kamdhenu Ventures Limited will expand the paints business
Imposing duty on steel items a knee-jerk action for industry: ISSDA chief
The government's objective behind the move was to cool down steel prices. However, the prices anyway had started showing a downward trend, the industry expert said.
 "Imposing duty on steel items a knee-jerk action for industry: ISSDA chief")
VIL board meeting on Jun 22 to consider Rs 500-cr fundraising from promoter
The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).
 "VIL board meeting on Jun 22 to consider Rs 500-cr fundraising from promoter")
Kia Sonet surpasses cumulative sales milestone of 150,000 units in 2 years
Automaker Kia India on Monday said its compact SUV Kia Sonet has crossed the cumulative sales milestone of 1.5 lakh units since launch in September 2020.
 "Kia Sonet surpasses cumulative sales milestone of 150,000 units in 2 years")
Plastic straws cause FMCG firms indigestion as deadline for ban nears
Juice and beverage giants struggle to meet the impending ban on single-use plastics
 "Plastic straws cause FMCG firms indigestion as deadline for ban nears")
Fitch enhances ratings of 13 Indian firms to 'moderate downgrade risk'
These companies are either govt-related entities (GREs) with ratings linked to the sovereign rating or pvt entities whose ratings would be downgraded if India's Country Ceiling was lowered to 'BB+'
 "Fitch enhances ratings of 13 Indian firms to 'moderate downgrade risk'")
Sequoia Capital asks court to dismiss lawsuit by its former counsel
Sequoia has been locked in a legal battle with Sandeep Kapoor, after he included the company in a defamation lawsuit against media companies that reported on a leaked Sequoia email of June 2
 "Sequoia Capital asks court to dismiss lawsuit by its former counsel")
Mahindra Group announce to recruit Agniveers amid Agnipath protests
Saddened by the violence around the Agnipath scheme, Mahindra Group Chairman Anand Mahindra on Monday announced to recruit "trained and capable" Agniveers
 "Mahindra Group announce to recruit Agniveers amid Agnipath protests")
Reliance AGM may see more focus on green energy, consumer business
Experts expect the firm to make further announcements in green energy
 "Reliance AGM may see more focus on green energy, consumer business")
Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car
SoftBank-backed Ola said it uses proprietary artificial intelligence for optimal performance
 "Goodbye to petrol two-wheelers by 2025! Ola building core tech for e-car")