Page 2075 - Company News
NTPC's annual coal imports in FY23 expected to hit 8-year high
India's top electricity producer NTPC Ltd's coal imports this financial year will be highest in 8 years despite near-record prices, as it looks to address domestic shortage, 2 senior officials said
 "NTPC's annual coal imports in FY23 expected to hit 8-year high")
Wipro will continue to invest in Telangana, says Azim Premji
He also praised Telangana for its handling of the Covid crisis, saying that the state has by and large contributed significantly towards managing the pandemic
 "Wipro will continue to invest in Telangana, says Azim Premji")
Hope of demand recovery drives gains for Havells' stock
Margin performance will be an additional trigger going ahead
 "Hope of demand recovery drives gains for Havells' stock")
HDFC-HDFC Bank merger: Brokerages see return ratios improving by FY25-26
Analysts think there are multiple challenges such as impact of SLR/CRR/PSL compliance cost; the RBI's aversion to banks holding considerable stakes in para-banking businesses
 "HDFC-HDFC Bank merger: Brokerages see return ratios improving by FY25-26")
BS Number Wise: The late and lagging government annual reports
Just over half the ministries, departments and autonomous bodies released these crucial documents for 2020-21
 "BS Number Wise: The late and lagging government annual reports")
Parl panel questions Sebi chief on NSE case, Ruchi Soya's follow on offer
Sebi Chairperson Madhabi Puri Buch on Tuesday appeared before a parliamentary panel and was questioned on the NSE controversy, Sahara case and share offers of Paytm and Ruchi Soya, sources said
 "Parl panel questions Sebi chief on NSE case, Ruchi Soya's follow on offer")
Bandhan Bank's overall collection efficiency ratio stands at 96%
The overall collection efficiency ratio (CER) of private lender Bandhan Bank stood at 96% at the end of FY 2021-22, against 93% in the preceding third quarter, the bank said in a statement on Tuesday
 "Bandhan Bank's overall collection efficiency ratio stands at 96%")
Poonawalla Fincorp AUM grows 17% to Rs 16,575 crore in FY22
The finance company has set a target of having AUM of about Rs 45,000 crore by 2025.
 "Poonawalla Fincorp AUM grows 17% to Rs 16,575 crore in FY22")
Zoom opens technology centre in Chennai; second in the country
The company has two data centres in Mumbai and Hyderabad, a company statement said
 "Zoom opens technology centre in Chennai; second in the country")
US-based Nithia Capital acquires steel maker CREST for Rs 600 crore
CREST is an integrated plant with a sponge iron capacity of 225 kilo tonne per annum (KTPA)
 "US-based Nithia Capital acquires steel maker CREST for Rs 600 crore")
Marico expects low single-digit growth in India revenue in Q4 FY22
FMCG major Marico said its domestic business in the January-March quarter stayed relatively firm, helped by "low single-digit" revenue growth and marginally positive volumes.
 "Marico expects low single-digit growth in India revenue in Q4 FY22")
India Inc raises a record green capital of $19 billion in 2021
While corporate India raised USD 19 billion in green capital in 2021, Bank of America participated in USD 15.65 billion
 "India Inc raises a record green capital of $19 billion in 2021")
Nazara Technologies invests $2.5 mn in US-based Bitkraft Ventures
The announcement comes at the back of its recent partnership with Griffin Gaming Partners, in which Nazara has committed to invest $4 million.
 "Nazara Technologies invests $2.5 mn in US-based Bitkraft Ventures")
Phool raises Rs 60 cr from Sixth Sense Ventures, Alia Bhatt, IAN Fund
The money was raised in a series A round which also saw participation from existing investors -- actor Alia Bhatt and IAN Fund
 "Phool raises Rs 60 cr from Sixth Sense Ventures, Alia Bhatt, IAN Fund")
Milk prices to remain firm going forward, says Amul MD
Dairy major Amul feels prices will remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, a top official said on Tuesday
 "Milk prices to remain firm going forward, says Amul MD")
Dr Lal PathLabs unveils pilot project to transport blood samples via drones
The company is initiating pilot projects in different parts of the country
 "Dr Lal PathLabs unveils pilot project to transport blood samples via drones")
Torrent Power raises Rs 600 crore via non-convertible debentures
The issue is proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Ltd
 "Torrent Power raises Rs 600 crore via non-convertible debentures")
MakeMyTrip's fintech arm TripMoney buys majority stake in BookMyForex
MakeMyTrip's fintech arm TripMoney on Tuesday said it has acquired a majority stake in online foreign currency exchange services provider BookMyForex to become a one-stop solution for all forex need
 "MakeMyTrip's fintech arm TripMoney buys majority stake in BookMyForex")
Over 54% of India Inc keen on hiring in Q1FY23: TeamLease report
The hiring outlook for April-June 2022 quarter is up by four percentage points on a quarter-on-quarter basis, says TeamLease Employment Outlook Report
 "Over 54% of India Inc keen on hiring in Q1FY23: TeamLease report")
Elon Musk gets fierce competition as Amazon enters space internet biz
The tech giant signed contracts for launches with United Launch Alliance (ULA), Arianespace, and Jeff Bezos' Blue Origin. The financial details of the deal were not disclosed
 "Elon Musk gets fierce competition as Amazon enters space internet biz")