Page 2092 - Company News
Fertiliser companies raise DAP, NPK rates on spike in input costs
IFFCO hikes DAP prices by 12.5%; existing stock will continue to be sold at old rates
 "Fertiliser companies raise DAP, NPK rates on spike in input costs")
Govt puts Oriental Insurance's solvency ratio at a dismal 0.69
The number was flagged in a recapitalisation advice, sent by the department of financial services in the finance ministry to the company this week.
 "Govt puts Oriental Insurance's solvency ratio at a dismal 0.69")
Whistleblower files complaint against Invesco mutual fund
The complaint has been filed with the Securities and Exchange Board of India (Sebi) as well as with the US Securities and Exchange Commission (US SEC)
 "Whistleblower files complaint against Invesco mutual fund")
Street factoring in Ukraine war-driven sustained spike in energy prices
Post hike in retail fuel prices and hopes of higher profitability have led to gains in stocks of oil and gas producers, and distribution companies
 "Street factoring in Ukraine war-driven sustained spike in energy prices")
Apparel retail stocks in focus on recovery gains led by easing of curbs
Double-digit growth and improving profitability to drive earnings in FY23
 "Apparel retail stocks in focus on recovery gains led by easing of curbs")
WF Asian Reconnaissance offloads 698,000 IIFL Wealth shares worth Rs 119 cr
This took the total deal value to Rs 119.79 crore. However, buyers of the shares could not be ascertained immediately
 "WF Asian Reconnaissance offloads 698,000 IIFL Wealth shares worth Rs 119 cr")
Dr Reddy inks $61-mn deal to acquire Cidmus brand in India from Novartis
The acquisition of Cidmus is yet another move by drug major to widen access of healthcare professionals and patients to well-established brands
 "Dr Reddy inks $61-mn deal to acquire Cidmus brand in India from Novartis")
Future Retail, Future Enterprises default on Rs 8,158-cr loan repayments
FRL said it has missed the due date for repayment of Rs 5,322.32 cr to lenders on account of the ongoing litigations with e-commerce major Amazon and other related issues
 "Future Retail, Future Enterprises default on Rs 8,158-cr loan repayments")
Testing times for PLI schemes: Covid-related delays put firms in pressure
Companies have petitioned the government to double the incentive from 2.5 per cent to 5 per cent and extend the tenure
 "Testing times for PLI schemes: Covid-related delays put firms in pressure")
Bharat Biotech slows down Covaxin production as it sees decrease in demand
'For the coming period, the company will focus on pending facility maintenance, process and facility optimization activities,' the Hyderabad-based company said
 "Bharat Biotech slows down Covaxin production as it sees decrease in demand")
Future Enterprises defaults on Rs 2,835-crore loan repayment
Debt-ridden Future Enterprises Ltd (FEL) on Friday said it has defaulted on payment of Rs 2,835.65 crore to various banks and lenders.
 "Future Enterprises defaults on Rs 2,835-crore loan repayment")
Acrysil to acquire UK's Tickford Orange Ltd for 11 million pounds
The acquisition will be through the company's wholly owned subsidiary Acrysil UK Ltd
 "Acrysil to acquire UK's Tickford Orange Ltd for 11 million pounds")
HDFC registers individual loan growth of 12% in Q4 at Rs 8,367 crore
During the March quarter, there was no sale of investments in subsidiary/associate companies, as per the filing
 "HDFC registers individual loan growth of 12% in Q4 at Rs 8,367 crore")
Indian Overseas Bank, Software Technology Park of India ink MoU
'This MoU will help the bank in leveraging innovation through the financial technologies engaged under the FinBlue initiative,' the statement said
 "Indian Overseas Bank, Software Technology Park of India ink MoU")
Multiples PE leads $111-mn funding round in Kogta Financial
Kogta focuses on the large and underserved used vehicle finance market and MSME loans
 "Multiples PE leads $111-mn funding round in Kogta Financial")
Kansai Nerolac Paints elevates Anuj Jain as the managing director
Kansai Nerolac Paints Ltd on Friday said its Executive Director Anuj Jain has been elevated as the managing director of the company
 "Kansai Nerolac Paints elevates Anuj Jain as the managing director")
Industry body Amfi prescribes new benchmark for mutual fund schemes
Industry body Amfi has prescribed a new benchmarking system for mutual funds for each of their schemes in a bid to standardize and bring uniformity in the benchmarks
 "Industry body Amfi prescribes new benchmark for mutual fund schemes")
Coal India subsidiary MCL posts record 168 mt production in FY'22
The Odisha-based miner dispatched 176.17 mt of coal to its consumers, with a 21 per cent growth over the previous year, MCL chairman-cum-managing director Om Prakash Singh said
 "Coal India subsidiary MCL posts record 168 mt production in FY'22")
PGCIL transfers 26% stake in Powergrid Vizag Transmission for Rs 330 cr
State-owned Power Grid Corporation of India (PGCIL) has transferred its remaining 26 per cent stake shareholding in Powergrid Vizag Transmission Ltd to infrastructure investment trust PGlnvlT
 "PGCIL transfers 26% stake in Powergrid Vizag Transmission for Rs 330 cr")
Suzuki Motorcycle reports 6.3% decline in March sales at 65,495 units
Exports were at 14,761 units in March 2022 as compared to 9,170 units in the year-ago month, the company said in a statement
 "Suzuki Motorcycle reports 6.3% decline in March sales at 65,495 units")