Page 2159 - Company News
ABG Shipyard, its directors booked by CBI in Rs 22,842-cr bank fraud case
The company was sanctioned credit facilities from 28 banks and financial institutions led by ICICI Bank with the SBI having exposure of Rs 2,468.51 cr
 "ABG Shipyard, its directors booked by CBI in Rs 22,842-cr bank fraud case")
India files complaint against ABG Shipyard alleging $3 billion bank fraud
The report, posted on the Central Bureau of Investigation's website, said a forensic audit report it received from the banks two years ago had found instances of fraud in April 2012 and July 2017
No effort to delay ABG Shipyard investigation by lenders, says SBI
On Friday, CBI booked the firm, its former CMD and others for allegedly cheating a consortium of banks for over Rs 22,842 crore, touted as the biggest fraud in Indian banking history
 "No effort to delay ABG Shipyard investigation by lenders, says SBI")
Congress questions Modi government over ABG Shipyard bank-fraud case
The CBI has booked ABG Shipyard Limited, its former chairman and managing director Rishi Kamlesh Agarwal and others for allegedly cheating a consortium of banks led by SBI of over Rs 22,842 crore
S&P upgrades Adani Int Container's credit profile, affirms 'BBB-' rating
AICTPL is a 50-50 joint venture between Adani Ports and Special Economic Zone Ltd and Terminal Investment Ltd
 "S&P upgrades Adani Int Container's credit profile, affirms 'BBB-' rating")
BHEL bags order to supply compact heat exchanger sets for Tejas aircraft
The order envisages manufacturing, assembly, testing and supply of compact heat exchangers to be fitted in the light combat aircraft, Tejas, being manufactured by HAL
 "BHEL bags order to supply compact heat exchanger sets for Tejas aircraft")
Succession planning: Tata Sons and Tata Trusts to have separate chairmen
Noel Tata, half-brother of Ratan Tata, joined Sir Dorabji Tata Trust last week, marking the entry of the next generation of Tata family in Tata Trusts
 "Succession planning: Tata Sons and Tata Trusts to have separate chairmen")
IISc gets Rs 425-cr donation to build an 800-bed multi-speciality hospital
The Bagchi-Parthasarathy Hospital will be built within the existing IISc Bengaluru campus, taking full advantage of the co-location with the science and engineering faculties and labs
 "IISc gets Rs 425-cr donation to build an 800-bed multi-speciality hospital")
Rebel Foods scales up expansion of cloud kitchens amid Covid-19 pandemic
Mumbai-based Rebel Foods, and India's master franchise for US fast-food giant, Wendy's, have reached a new milestone with opening 28 new locations in 9 new Indian cities.
 "Rebel Foods scales up expansion of cloud kitchens amid Covid-19 pandemic")
LIC Housing or IDBI will stop home loan business by Nov 2023: LIC IPO DRHP
Housing finance will be conducted only by one entity, the insurer said, in the draft red herring prospectus (DRHP) for its initial public offering (IPO)
 "LIC Housing or IDBI will stop home loan business by Nov 2023: LIC IPO DRHP")
Cult.fit acquires Gold's Gym fitness chain in India, value of deal unknown
In December, food delivery company Zomato invested $100 million in Cult.fit, as part of a Series F fundraise of $150 million, making the health start-up a unicorn
 "Cult.fit acquires Gold's Gym fitness chain in India, value of deal unknown")
LIC is a flourishing money tree: IPO plan must not shake it too hard
LIC IPO: All too often in the past, the government has used the insurer LIC as its piggybank to buy shares in state companies nobody wanted
 "LIC is a flourishing money tree: IPO plan must not shake it too hard")
Succession planning as Noel Tata joins two Tata trusts as trustee
Reports said the move signals succession planning and continued association of the Tata family with the philanthropic body that controls the Tata group
 "Succession planning as Noel Tata joins two Tata trusts as trustee")
Zydus Pharma gets final USFDA approval to market Roflumilast tablets
Zydus, being one of the first applicants for Roflumilast Tablets, 500 mcg, is eligible for 180 days of shared generic drug exclusivity
 "Zydus Pharma gets final USFDA approval to market Roflumilast tablets")
LIC IPO: DHRP filed with SEBI, govt to offload 5% stake
Sebi's approval for LIC IPO is expected to come in three weeks. The DHRP of the LIC IPO does not reveal the size of the IPO, but it is 100 per cent OFS with no fresh issue
 "LIC IPO: DHRP filed with SEBI, govt to offload 5% stake")
Reliance's Jio Platforms, SES announce JV for satellite broadband services
Jio Platforms and SES will own 51 per cent and 49 per cent equity stake in the joint venture respectively.
 "Reliance's Jio Platforms, SES announce JV for satellite broadband services")
Top headlines: LIC files for IPO, Reliance could spark another telco battle
Tata Sons, the holding company of the group, is likely to remove the age limit for Tata Trusts nominees on its board. More on that in our morning wrap.
 "Top headlines: LIC files for IPO, Reliance could spark another telco battle")
Remembering Rahul Bajaj: Transparent, frank and not ready to bend the rules
Rahul Bajaj was a true nationalist who believed in the 'make in India' story, says R C Bhargava
 "Remembering Rahul Bajaj: Transparent, frank and not ready to bend the rules")
Godrej Properties plans Rs 7,500-cr investment in next 12-18 months
Recently, Godrej Properties Ltd reported that its consolidated net profit in December quarter nearly trebled to Rs 38.95 crore
 "Godrej Properties plans Rs 7,500-cr investment in next 12-18 months")
Genpact, Ramky Estates partner to build 14 acre project in Hyderabad
Property consultant JLL India said in a statement that it facilitated the deal
 "Genpact, Ramky Estates partner to build 14 acre project in Hyderabad")