Page 2095 - Company News

SRF stocks shines on import curbs, growth prospects, but valuations pricey

While there are multiple positives across SRF's key segments, investors should await for a better opportunity to enter the stock

Ruchi Soya FPO: FPIs cancel 97% bids during two-day withdrawal period

The number of bids withdrawn in the other categories were relatively muted

GAIL announces Rs 1,083-cr share buyback at Rs 190 per share

Shares of Gail rose 1.5 per cent to end at Rs 155.7

Hero MotoCorp tax case: I-T finds Rs 800 cr siphoned off via shell firms

The department also found that 10 acres of farm land in Delhi was purchased through a few paper companies

TRAI provides clarity on tariff plan with month-wise recharge date

Telecom Regulatory Authority of India (TRAI) clarified that in case the same date for such renewal is not available in a month, the date of renewal will be the last date of that month

Took steps to ensure biz continuity: RIL defends takeover of Future stores

Future Retail had earlier written to RIL over the takeover of its stores, according to three people in the know

Brand Alia Bhatt, at valuation of $68.1 mn, zooms on the highway

A steady stream of brand endorsements has accompanied Bhatt's meteoric rise

Future Retail CEO Sadashiv Nayak quits; group entities default on payments

Future Retail is locked in legal battles with US retail major Amazon and has already become a non-performing asset NPA in the current quarter

ONGC to open Vindhyan Basin in Madhya Pradesh for gas production

The firm had in December 2020 opened the eighth Indian Basin the Bengal Basin, when commercial oil production started from Ashok Nagar discovery

Vedanta to source 580 MW green energy for India operations

The company said a power delivery agreement has been signed with the Sterlite Power Technologies Private Ltd, a special purpose vehicle for supply of solar and wind-based energy

Print media revenue set to rebound by 20% to Rs 27,000cr: Report

Crisil said ad revenue will rebound as economic activity improves, given their high correlation, while reopening of offices and people moving back to offices will help shore up subscription revenue

EVs face a burning question of safety after serial fire incidents

Serial fires in green two-wheelers in a week raise questions about the regulation and safety standards of this fast-growing section of the automobile industry

Hindustan Zinc to invest Rs 350 crore to develop 200 MW renewable capacity

Mining firm Hindustan Zinc Limited (HZL) on Thursday said it will invest Rs 350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle.

NCLT approves transfer of Raymond Apparel business to parent firm

Raymond in a filing on September 27, 2021 said with a focus to fast- track the recovery post pandemic, Raymond will consolidate its B2C business by transfer of apparel business into Raymond Ltd

Future Retail CEO resigns amid legal battle, debt recovery

FRL also said in Thursday's stock exchange filing that Kishore Biyani, founder and CEO of Future Group, was re-appointed as executive chairman of Future Retail for three years

KKR affiliate sells 10% stake in Max Healthcare for nearly Rs 3,300 cr

It sold shares at Rs 340 a apiece to a clutch of investors, which included SBI Mutual Fund, Pension Fund Global and Smaller Cap World Fund

Ruchi Soya fixes FPO issue price at Rs 650 per share; to raise Rs 4,300cr

Patanjali Ayurved-owned Ruchi Soya on Thursday fixed the issue price of its follow-on public offer at the upper limit of its price band at Rs 650 per equity share to raise Rs 4,300 crore

'Rapid digital adoption, more capital flow leading to tech talent crunch'

The findings were made by Scaler, which released annual 'Hiring Trends Report 2022', capturing the current hiring trends and demands of the Indian IT industry

Exide Industries announces investment of Rs 6,000 crore in Karnataka

This is for setting up one of the largest giga factories for advanced cell chemistry technology

GFG Alliance appoints Tata Steel executive as chief investment officer

GFG Alliance, owned by commodities tycoon Sanjeev Gupta, has appointed Sandip Biswas, a former executive with Tata Steel, as chief investment officer