Page 2209 - Company News
Jubilant FoodWorks board to consider share split proposal in February
Jubilant FoodWorks (JFL), a master franchise of brands such as Domino's and Dunkin' Donuts, on Friday said its board will next month consider a proposal of splitting the equity shares of the firm.
 "Jubilant FoodWorks board to consider share split proposal in February")
REC raises $1,175 million from a consortium of seven banks
This is the single largest syndicated loan raised in the International Bank Loan market by any Indian NBFC
 "REC raises $1,175 million from a consortium of seven banks")
In FY23, our fresher hiring will be 40-50% more than FY22: Mindtree CEO
'Our story about profitable growth has been fairly consistent. This is the fourth quarter of 5% plus sequential growth in constant currency,' says Debashis Chatterjee
 "In FY23, our fresher hiring will be 40-50% more than FY22: Mindtree CEO")
RIL, M&M bid for incentives under govt's Rs 18k-cr battery scheme: Report
India last year finalised an incentive program for companies to invest in local manufacturing of batteries as it looks to establish a domestic supply chain for clean transport and build storage for RE
 "RIL, M&M bid for incentives under govt's Rs 18k-cr battery scheme: Report")
TCS promoters Tata Sons, TICL to sell Rs 12,993 cr of shares in buyback
At Rs 4,500 apiece, the two entities stand to rake in about Rs 12,993.2 cr
 "TCS promoters Tata Sons, TICL to sell Rs 12,993 cr of shares in buyback")
HCL Tech to acquire Hungary-based Starschema in a $42.5-mn deal
The strategic acquisition will bolster HCL's capability in digital engineering driven by data engineering and increase its presence in Central and Eastern Europe.
 "HCL Tech to acquire Hungary-based Starschema in a $42.5-mn deal")
HCL Tech's Q3 net profit falls 13.6% to Rs 3,442 cr, revenue rises 15.7%
On constant currency basis, revenue was up 7.6% sequentially, one of the best quarters in the last 12 years, said the IT firm
Megha Engineering, Adani Gas top winners of city gas distribution licences
Megha Engineering and Infrastructures Ltd (MEIL) walked away with the most 15 licences to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round
 "Megha Engineering, Adani Gas top winners of city gas distribution licences")
FMCG firms go all out to ensure last-mile delivery amid third Covid wave
Data from retail intelligence platform Bizom also shows that retailers are stocking-up more than normal
 "FMCG firms go all out to ensure last-mile delivery amid third Covid wave")
At record Rs 20,000 cr, airlines may see 44% rise in FY22 loss: CRISIL
This would be 44% higher than the Rs 13,853 crore loss reported last year, agency says
 "At record Rs 20,000 cr, airlines may see 44% rise in FY22 loss: CRISIL")
CAIT urges CCI to block Amazon's deal to acquire 100% stake in Cloudtail
Domestic traders' body CAIT said it has filed a petition before the CCI to block the transaction that has been entered into by Amazon where they will acquire 100 per cent shareholding in Cloudtail.
 "CAIT urges CCI to block Amazon's deal to acquire 100% stake in Cloudtail")
Hero invests Rs 420 cr in Ather Energy, to unveil its first EV in March
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather Energy was 34.8 per cent
 "Hero invests Rs 420 cr in Ather Energy, to unveil its first EV in March")
ABFRL to acquire 51% stake in brand Masaba, aims Rs 500 cr revenue in 5 yrs
Aditya Birla Fashion and Retail Ltd on Friday said it will acquire a 51 per cent majority shareholding in brand 'Masaba' promoted by designer Masaba Gupta for a cash consideration of Rs 90 crore.
 "ABFRL to acquire 51% stake in brand Masaba, aims Rs 500 cr revenue in 5 yrs")
JSW Infra raises $400 million via seven-year green bonds at 4.95%
Will use proceeds to repay existing debt of the Company and its subsidiaries, and as permitted by RBI under ECB Guidelines
 "JSW Infra raises $400 million via seven-year green bonds at 4.95%")
Merger of two listed Jindal Stainless companies to spill over to FY23
NCLT yet to approve process; company filed first motion petition with tribunal nearly two years ago
 "Merger of two listed Jindal Stainless companies to spill over to FY23")
Telcos seek refund of Rs 35K cr input tax credit, GST waiver on licence fee
The telecom sector wants the government to suspend universal service obligation fund (USOF), which financially supports rollout of telecom services in the rural area
 "Telcos seek refund of Rs 35K cr input tax credit, GST waiver on licence fee")
Fresher hiring at HCL Technologies to touch 20,000-22,000 this fiscal
HCL Technologies Chief Human Resources Officer Apparao V V said the company has already added 17,500 freshers as of January 10
 "Fresher hiring at HCL Technologies to touch 20,000-22,000 this fiscal")
Looking forward to rollout of India's national retail policy: IKEA
In its Budget wishlist, IKEA India also called for reduction of GST rates "on products that are basic to life at home"
 "Looking forward to rollout of India's national retail policy: IKEA")
Gross office space leasing up 16% in 2021 across top 9 cities: CBRE
Gross office space leasing across nine major cities rose 16 per cent to 41.1 million square feet during the last year, driven mainly by higher demand in Hyderabad, real estate consultant CBRE said
 "Gross office space leasing up 16% in 2021 across top 9 cities: CBRE")
Top headlines: RIL to invest Rs 5.9 trn in Gujarat; BPCL gets a price tag
Business Standard brings you the top headlines on Thursday
 "Top headlines: RIL to invest Rs 5.9 trn in Gujarat; BPCL gets a price tag")