Page 2077 - Company News

Motherson in race for Marelli Holdings' restructuring: Report

Motherson has partnered with US investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding

File response on SIAC award petition: Delhi High Court to Future

The latest hearing comes after the Supreme Court asked Future Group and Amazon to request HC to hear the case on the enforcement of the emergency arbitration award passed by SIAC

Centre unlikely to dilute stake in LIC for at least 2 years after IPO

The move is to woo investors, avoid pressure on stock

Rising raw material cost pushes steel prices to fresh record highs

Raw material prices had been on the rise, but since Russia waged war on Ukraine, prices surged.

Tata Steel output falls 3% to 7.57 MT in Q4; sales jump 4% to 7.82 MT

Its total sales, however, rose by over 4 per cent to 7.82 MT in the fourth quarter, from 7.51 MT in the year-ago period

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

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

Hope of demand recovery drives gains for Havells' stock

Margin performance will be an additional trigger going ahead

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

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

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

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

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.

Zoom opens technology centre in Chennai; second in the country

The company has two data centres in Mumbai and Hyderabad, a company statement said

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)

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.

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

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.

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

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