Page 2134 - Company News
Investor-founder relation in India is one of master-slave: Ashneer Grover
'I am the rebel slave who must be hung by the tree so none of the other slaves can dare to be like me ever again,' says co-founder of fintech unicorn BharatPe, Asheer Grover in resignation letter
 "Investor-founder relation in India is one of master-slave: Ashneer Grover")
Top headlines: Grover quits BharatPe board, India's Ukraine evacuation
The RBI is also gauging the extent of damage to the Indian banking sector amid the Ukraine crisis. More on this and other stories in our top headlines this morning.
GIC Re set to participate in reinsuring Kudankulam power plant units
Currently, Indian general insurers have to cede at least 5 per cent of their business to GIC Re till FY22
 "GIC Re set to participate in reinsuring Kudankulam power plant units")
Amul fresh milk prices to go up by Rs 2 per litre in country from March 1
'Amul' brand of fresh milk will become costlier by Rs 2 per litre across the country from March 1, the Gujarat Cooperative Milk Marketing Federation (GCMMF) said
 "Amul fresh milk prices to go up by Rs 2 per litre in country from March 1")
L&T Finance Holdings to focus on retail; exit wholesale, realty finance
Appoints L&T CEO S N Subrahmanyan as chairman; Shailesh Haribhakti to remain independent director
 "L&T Finance Holdings to focus on retail; exit wholesale, realty finance")
Kia India ramps up production to full capacity at Anantapur plant
Kia India had commenced mass production from the facility in August 2019.
 "Kia India ramps up production to full capacity at Anantapur plant")
Piramal Enterprises to raise Rs 500 cr via non-convertible debentures
The debentures are proposed to be listed on debt segment and capital market segment of National Stock Exchange (NSE) and BSE Ltd, it added
 "Piramal Enterprises to raise Rs 500 cr via non-convertible debentures")
Mobile Premier League forays in Europe with acquisition of GameDuell
With this acquisition, Mobile Premier League (MPL) now has a presence across three continents - Europe, Asia and North America
 "Mobile Premier League forays in Europe with acquisition of GameDuell")
SC to hear Mistry's plea to delete remarks against him in case vs Tata Sons
Supreme Court on Monday said it would hear after 10 days the plea of CIPL for expunction of certain remarks made against Cyrus Mistry in the 2021 verdict setting aside the NCLAT's order
 "SC to hear Mistry's plea to delete remarks against him in case vs Tata Sons")
Indian Oil no longer accepts Russian crude oil on free-on-board basis
The letter was sent on Monday to traders who submit cargo offers into IOC's regular crude oil buy tenders
 "Indian Oil no longer accepts Russian crude oil on free-on-board basis")
Ashneer Grover resigns from BharatPe board amid boardroom battle
This comes amid a tussle in the company where Grover has found himself on the opposite side of the Board, key investors in the company and his co-founders
Burmans step in to take control of Eveready, announce open offer
Company needs direction and the brand has immense potential: Mohit Burman
 "Burmans step in to take control of Eveready, announce open offer")
BP move to give up Rosneft stake may not impact Nayara Energy directly
Industry sources were of the view that sanctions may have some impact on the long-term operations and also the investment ability of the company in India
 "BP move to give up Rosneft stake may not impact Nayara Energy directly")
Russia-Ukraine war may throw up export opportunities for Indian metal firms
Russia & Europe account for 10% of global primary aluminium supply. Russia is also the second largest steel exporter. With war threatening supply, exporting nations like India may step in to plug gaps
 "Russia-Ukraine war may throw up export opportunities for Indian metal firms")
Reliance to take over operations of 250 more Future Retail stores: Report
Reliance's move assumes significance as it follows failed efforts since 2020 to close a $3.4-bn deal to acquire the retail assets of Future
 "Reliance to take over operations of 250 more Future Retail stores: Report")
NCLT allows Future Group to convene shareholders' meet on RIL deal
'The schedule of the meetings of shareholders and creditors will be intimated in due course of time,' Future Retail said in a stock exchange filing
 "NCLT allows Future Group to convene shareholders' meet on RIL deal")
Future looks bright for Hindalco, and Ukraine war may have a part to play
Higher aluminium prices, tighter supplies and lower debt are positive triggers
 "Future looks bright for Hindalco, and Ukraine war may have a part to play")
Biocon Biologics to go for IPO in 18-24 months: Kiran Mazumdar-Shaw
Biocon arm buys Viatris biosimilars biz for $3.2 billion
 "Biocon Biologics to go for IPO in 18-24 months: Kiran Mazumdar-Shaw")
After Zomato and Nykaa, shareholders vent ire on Paytm over ESOPs
The three resolutions pertaining to ESOPs put to vote by the digital payments firm got over two-third 'against' votes from institutional investors
 "After Zomato and Nykaa, shareholders vent ire on Paytm over ESOPs")
Ravindra Energy seeks shareholders' nod to raise Rs 102 cr via warrants
The Board of Directors proposes to create, offer, issue and allot two crore warrants at the rate of Rs 51 per unit for an amount up to Rs 102 crore
 "Ravindra Energy seeks shareholders' nod to raise Rs 102 cr via warrants")