Page 2148 - Company News
HDFC Bank non-executive director Srikanth Nadhamuni resigns from board
HDFC Bank on Friday said Srikanth Nadhamuni has resigned as a director from its board, citing potential future interests.
 "HDFC Bank non-executive director Srikanth Nadhamuni resigns from board")
BPCL launches EV fast-charging corridor on Chennai-Trichy-Madurai highway
Bharat Petroleum Corporation Ltd (BPCL) has launched 10 EV fast-charging corridors on the 900-km long ChennaiTrichyMadurai highway.
 "BPCL launches EV fast-charging corridor on Chennai-Trichy-Madurai highway")
Pine Labs raises $150 mn from Alpha Wave, takes total to $870 mn in 7 mths
Valuation not disclosed, though one report put the figure at $5 bn
 "Pine Labs raises $150 mn from Alpha Wave, takes total to $870 mn in 7 mths")
Poonawalla Fincorp looking to exceed AUM of Rs 21,000 crore by FY23
The Poonawalla Fincorp AUM was flat at Rs 15,228 crore at the end of December 2021 against Rs 15,006 crore in December 2020
 "Poonawalla Fincorp looking to exceed AUM of Rs 21,000 crore by FY23")
Sebi lifts restrictions on 10 entities in Zee Ent insider trading case
Markets regulator Sebi on Friday lifted restrictions imposed on ten entities, including individuals, in a matter pertaining to alleged insider trading in the scrip of Zee Entertainment Enterprises Ltd
 "Sebi lifts restrictions on 10 entities in Zee Ent insider trading case")
Multiple tailwinds emerge for Coal India after a strong Q3 despite hurdles
Increase in production, higher prices, better margins and high dividend yield are key positives
 "Multiple tailwinds emerge for Coal India after a strong Q3 despite hurdles")
Lenders allow Biyani's Future Retail to pay interest on foreign bonds
For many restructured loan accounts like FRL, banks are in control of fund movement and there is continuous assessment of financial position
 "Lenders allow Biyani's Future Retail to pay interest on foreign bonds")
Minority stakes in Glance, Dunzo signal RIL's attempt for retail expansion
All told, RIL has now picked up minority stakes in retail online platform start-ups with founders leading the game
 "Minority stakes in Glance, Dunzo signal RIL's attempt for retail expansion")
HDIL insolvency: RP gets 16 resolution plans from 9 bidders
Crisis-hit realty firm HDIL, which is facing insolvency proceedings, on Friday said its resolution professional has received 16 bids from nine applicants to acquire the company
 "HDIL insolvency: RP gets 16 resolution plans from 9 bidders")
Equitas Small Finance Bank sets QIP issue price at Rs 53.59 per share
Equitas Small Finance Bank (SFB) on Friday said it has fixed the price for its proposed QIP issue at Rs 53.59 per share.
 "Equitas Small Finance Bank sets QIP issue price at Rs 53.59 per share")
Godrej Properties commits $700-900 million investment in last three years
Godrej Properties Ltd has committed investments worth USD 700-900 million in the last three years and continues to be extremely bullish on the Indian real estate sector, a senior company official said
 "Godrej Properties commits $700-900 million investment in last three years")
HC refers to arbitration dispute between Munjals over use of Hero trademark
The Delhi High Court has referred to a three-member arbitral tribunal the dispute between Vijay Kumar Munjal and Pawan Munjal of the Munjal Group
 "HC refers to arbitration dispute between Munjals over use of Hero trademark")
Growth revival key to reversing declining trend in Godrej Consumer stock
Weak show in India business dents Q3, margin pressures may remain
 "Growth revival key to reversing declining trend in Godrej Consumer stock")
Vedanta to invest up to $20 bn in chip venture in India, roll out by 2025
Vedanta's group firm Avanstrate, which will spearhead the semiconductor business, expects to roll out electronic chips and displays from Indian manufacturing plants by 2025
 "Vedanta to invest up to $20 bn in chip venture in India, roll out by 2025")
HCL Tech extends relationship with RACV through multi-year contract
IT company HCL Technologies has extended its relationship with The Royal Automobile Club of Victoria (RACV) with a multi-year agreement to provide Integration-as-a-Service offering.
 "HCL Tech extends relationship with RACV through multi-year contract")
Coal sector faces challenging H2 as imports fall, global prices spike: CIL
State-owned CIL on Friday said the second half of the current fiscal year has remained tough for the country's coal sector with decrease in coal imports and tripling of international coal prices.
 "Coal sector faces challenging H2 as imports fall, global prices spike: CIL")
Indian Oil installs more than 1,000 electric vehicle charging stations
IndianOil is gearing up to provide EV charging facilities at 10,000 fuel stations in the next three years, said Director, Marketing V. Satish Kumar
 "Indian Oil installs more than 1,000 electric vehicle charging stations")
CSB Bank gets RBI nod to appoint Pralay Mondal as Deputy Managing Director
His prior appointment in the bank since September 23, 2020 was as President
 "CSB Bank gets RBI nod to appoint Pralay Mondal as Deputy Managing Director")
'Survival of certain Coal India subsidiaries at stake without price hike'
In an effort to tide over inflationary pressure, the miner will likely raise prices after the assembly elections in five states, including Uttar Pradesh, in March, the sources said
 "'Survival of certain Coal India subsidiaries at stake without price hike'")
IndiGo's co-founder Rakesh Gangwal resigns from board with immediate effect
'It is my intention to gradually reduce my stake in InterGlobe over the next 5 plus years,' says Gangwal
 "IndiGo's co-founder Rakesh Gangwal resigns from board with immediate effect")