Page 1977 - Company News
Higher prices of natural gas take the steam out of gas utility stocks
However, despite the likely pressure on volumes and margins, and having cut earnings estimates, most analysts are positive on the natural gas sector
 "Higher prices of natural gas take the steam out of gas utility stocks")
Private placements at lowest since 2014; total money raised down 23%
A combination of lower requirements and higher interest rates are said to have acted as a dampener
 "Private placements at lowest since 2014; total money raised down 23%")
5G spectrum auction: DoT invites players for pre-bid conference on June 20
The pre-bid conference is the first major event in the detailed auction timetable that is mentioned in the bid document.
 "5G spectrum auction: DoT invites players for pre-bid conference on June 20")
Reliance Industries in focus as benchmark refining margin inches up
Morgan Stanley said RIL's margins would be 50 per cent above its last peak season in mid-2008
 "Reliance Industries in focus as benchmark refining margin inches up")
Tesla CEO Musk appeals ruling that upheld securities fraud settlement
Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk's tweets claiming that he had the funding to take Tesla private in 2018.
 "Tesla CEO Musk appeals ruling that upheld securities fraud settlement")
ShareChat raises $255 mn from Google, Times Group, others; valued at $5 bn
ShareChat (Mohalla Tech) in a statement said it has closed multi-tranche funding round through which it raised a total of USD 520 million and reached USD 5 billion in valuation.
 "ShareChat raises $255 mn from Google, Times Group, others; valued at $5 bn")
Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Vodafone Idea lost about 15.7 lakh mobile subscribers during April 2022, the monthly subscriber data released by the Telecom Regulatory Authority of India (TRAI) on Thursday showed.
 "Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users")
Aviation stocks: SpiceJet tumbles 7%; IndiGo tanks over 5% over ATF rise
Shares of aviation firms SpiceJet and InterGlobe Aviation came under heavy selling on Thursday after ATF prices were raised to a record high.
 "Aviation stocks: SpiceJet tumbles 7%; IndiGo tanks over 5% over ATF rise")
HDFC invokes 50 lakh pledged shares of Ansal Housing for recovery of dues
The country's largest mortgage lender HDFC on Thursday said it has invoked 50 lakh pledged shares of Ansal Housing as part of recovery of its outstanding dues from the developer.
 "HDFC invokes 50 lakh pledged shares of Ansal Housing for recovery of dues")
IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP
A consortium of lenders extended financial support of Rs 2,659 crore for the six-lane greenfield expressway corridor of 129.700 km (expandable to eight lanes) between Meerut and Budaun in UP
 "IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP")
Glenmark Pharma launches first FDC drug Indamet for asthma patients
Glenmark Pharmaceuticals on Thursday said it has launched a novel fixed-dose combination (FDC) drug in the country for patients with uncontrolled asthma
 "Glenmark Pharma launches first FDC drug Indamet for asthma patients")
Retail businesses grow 24% in May against pre-pandemic level: Report
The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI
 "Retail businesses grow 24% in May against pre-pandemic level: Report")
Indian private equity investments reach $70 bn in 2,000 deals in 2021
Indian investments grew by 96 per cent over 2020 (excluding the mega deals of Jio Platforms and Reliance Retail).
 "Indian private equity investments reach $70 bn in 2,000 deals in 2021")
Blackstone pips Saudi's PIF to top slot in PE investments in India in 2021
Blackstone invested $4.9 billion in India in 2021
 "Blackstone pips Saudi's PIF to top slot in PE investments in India in 2021")
Agro company CFO arrested for duping investor of Rs 117 cr in Mumbai
The Mumbai police's Economic Offences Wing has arrested the chief financial officer (CFO) of an agro company for allegedly duping an investor for Rs 117 crore, an official said on Thursday
 "Agro company CFO arrested for duping investor of Rs 117 cr in Mumbai")
Ex-BharatPe MD Ashneer Grover to raise $200-300 million for new venture
Ashneer Grover, who is currently in the US, may sell his BharatPe stake or raise fresh capital by issuing a stake in the new company
 "Ex-BharatPe MD Ashneer Grover to raise $200-300 million for new venture")
Karnataka HC reserves judgment on Xiaomi plea challenging ED's seizure
Karnataka High Court has reserved its judgment in a petition by Chinese firm Xiaomi against the seizure of Rs 5,551.27 crore from its bank accounts by the Enforcement Directorate (ED)
 "Karnataka HC reserves judgment on Xiaomi plea challenging ED's seizure")
Strides Pharma arm gets EU-GMP certification for 2 facilities from Hungary
Strides Pharma Science on Thursday said its subsidiary has received EU-GMP certification for two of its manufacturing facilities from Hungary's National Institute of Pharmacy and Nutrition
 "Strides Pharma arm gets EU-GMP certification for 2 facilities from Hungary")
Unicommerce to increase manpower by 50%, hire 150 employees in FY23
E-commerce-focussed IT firm Unicommerce on Wednesday said it will increase manpower by 50 per cent by adding over 150 team members in 2022-23
 "Unicommerce to increase manpower by 50%, hire 150 employees in FY23")
HDFC in final stage of selling 4 large, stressed accounts before the merger
Ahead of the HDFC-HDFC Bank merger, the mortgage financier is trying to sell four large, stressed accounts, one of which is the Subhash Chandra-promoted Siti Networks
 "HDFC in final stage of selling 4 large, stressed accounts before the merger")