Page 2216 - Company News

Metro Brands, MapmyIndia stocks shrug off anchor selling to set new highs

Analysts said the allotment made to anchor investors by these two companies was relatively low which helped prevent any intensive selling pressure

Margin headwinds may cap upsides for HCL Tech despite strong top line show

What works in favour are strong revenue growth, deal wins and attractive valuations

Enter into a contract with firm to demolish twin-towers in a week: SC

The NOIDA authority informed the bench that it has finalised the company Edifice Engineering for demolishing the twin towers in consultation with the Central Building Research Institute (CBRI)

Lenders to troubled Ballarpur Industries to meet on January 18

The company's net worth is negative as on the reporting date, and it continues to incur heavy losses

'Fraud of huge size': SC upholds winding up of Devas Multimedia

A bench of Justices Hemant Gupta and V Ramasubramanian dismissed the appeal filed by Devas Multimedia

Govt gets Rs 6,651 cr interim dividend from 12 PSUs, Power Grid tops table

Centre's dividend target for FY22 is Rs 50,028 crore; so far it has received Rs 46,587 crore as dividend including these recent transfers

NTPC to raise $750 mn via ECB term loan for expansion in RE, coal mining

The loan shall be unsecured, without any guarantee or letter of comfort from Govt of India

Farm tech platform DeHaat acquires agri-input marketplace Helicrofter

Deal value not disclosed. Helicrofter has over 2000 agri-input retailers and 30 sellers across Maharashtra.

Despite pandemic, hospital chains set for revenue, margin growth in FY22

Despite the third wave hitting elective surgeries and infecting a large number of medical personnel, hospitals are expected to close the current fiscal with robust revenue and margin growth

Price hike to help FMCG cos post higher revenues in Q3, volumes may get hit

Volumes estimated to remain weak; gross margins under pressure due to high raw material costs

UltraTech Q3 net up 7.8% YoY at Rs 1,708 cr on tax credits, better sales

As per Bloomberg estimates, the company's top line was seen at Rs 12,985 crore, while the bottom line was expected to be at Rs 1,494 crore in quarter ended December

Tech Mahindra taps into insurance biz with acquisition of Com Tec Co IT

Deal struck at €310 mn; also invests 310 mn; €25 mn in acquiring 50% stake in SWFT & Surance

Exide Life appoints Sanjay Vij as Executive Director and Principal Officer

Exide Industries now holds 4.1 per cent stake in HDFC Life

Prestige Estates Q3 sales bookings jump over 2-fold to record Rs 4,268 cr

The group has completed 255 projects with developable area of 144 million square feet and has 47 ongoing projects across segments, with total developable area of 58 million square feet

Securitisation volume growth slows to 8% in December quarter: Report

The cumulative value of deals executed in the first nine months of this fiscal stood at approximately Rs 80,000 crore

Cholamandalam Investment to acquire 72% stake in Payswiff for Rs 450 cr

The company, an NBFC, is part of the Murugappa Group

Sri Lanka to hold talks with Indian Oil to tide over energy crisis

Power Minister Gamini Lokuge said that the talks with the Indian Oil Corporation's local entity would be held for a solution to the fuel crisis

Paytm Payments Bank issues over 450,000 FASTags in December

Paytm Payments Bank Ltd (PPBL) claims to have led the market in the FASTag segment with 28.2 per cent market share

IRFC garners $500 mn through green offshore bonds; lists bonds at GIFT City

The bonds issuance is part of the USD 7 billion Global Medium Term Note (GMTN) Programme, IRFC said

UltraTech Cement shares jump nearly 3 pc after earnings announcement

The stock gained 2.78 per cent to settle at Rs 7,867.90 on BSE