Page 2256 - Company News

SICMA urges FM Sitharaman for higher duty on cement and clinker imports

The cement industry contributes around Rs 30,000 crore to the government exchequer per year in the form of good and service tax

SICMA requests FM to facilitate movement of cement to deficit regions

South India Cement Manufacturers' Association has urged the Centre to facilitate movement of cement in the country by providing a telescopic railway freight service

E-commerce, pharma sector to revive demand for packaging paper: CRISIL

A strong revival in consumer spending amid waning impact of the Covid-19 pandemic will help the paper packaging industry bounce back with a revenue growth of 15% this fiscal

Retrospective tax: Cairn drops lawsuits in US, UK against Indian govt

Last month, Cairn said it has agreed to drop litigations to seize Indian properties in several countries as it has accepted India's offer to settle the tax dispute

M-cap of five of top-10 valued companies soars more than Rs 1 trillion

While RIL, TCS, Infosys, HUL and Wipro were the gainers, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance and SBI emerged as laggards

Consider merging private RBL Bank with state-owned lender, says AIBEA

RBL's CEO goes on leave after the RBI appointed Yogesh K Dayal as an additional director of the bank.

Acquisitions, strong growth outlook likely to limit downside for Wipro

Prior to the recent rally, the stock had been an underperformer

Adhunik Power emerges as preferred bidder for coal mine in J'khand

Auro Coal Pvt Ltd has emerged as preferred bidder for Beheraband North Extension coal block in Madhya Pradesh, the coal ministry said in a statement

Rs 6,000-cr Bank of Baroda scam: CBI files 2 supplementary chargesheets

In the chargesheets filed before a special CBI court, the central agency has alleged that a group of people opened accounts and deposited funds in them through various other accounts

IL&FS InvIT gets first road asset, acquires Moradabad-Bareilly Expressway

IL&FS Transportation Networks Ltd, in a stock exchange filing, said the company has received the final consideration in the form of 59.04 million units of Rs 100 each issued by the InvIT

NCLAT stays CCI order imposing Rs 873 cr penalty on UBL, other beer makers

Passing an interim order, a two-member NCLAT bench has directed parties, including United Breweries Ltd, to deposit 10 per cent of the penalty amount by way of Fixed Deposit Receipt' within three week

Kabra Extrusion Technik board approves raising Rs 301 cr for expansion

A part of the city-based Kolsite Group and leading manufacturer of plastic extrusion machinery, Kabra Extrusion Technik recently ventured into the production of lithium-ion battery packs

TikTok dethrones Google to become most popular website of 2021: Report

Popular short video-sharing platform TikTok has surpassed tech giant Google as the most popular website of the year, says a report.

HDFC Bank wins coveted CII award for 'Most Innovative Best Practice'

HDFC Bank's efforts in furthering financial inclusion through partnership with the Government of India's Common Service Centres (CSC) have been adjudged 'Most Innovative Best Practice'

Unicorns turn into strategic investors; Zomato grabs a big pie

Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow

SIDBI signs MoU to develop MSME ecosystem in West Bengal

SIDBI has signed a memorandum of understanding with the government of West Bengal to develop the MSME ecosystem in the state, a SIDBI official said on Friday.

Vodafone Idea stock can deliver more returns if debt overhang subsides

Bharti Airtel, however, is the safer bet fundamentally among the two companies.

Darwin Platform Infrastructure wins financial bid for Lavasa Corporation

DPIL has proposed a payment plan and schedule that includes upfront payment (Rs 100 crore)

Shriram regroups for the future with succession plan, business integration

Experts indicate that the succession plan allowing professionals to run the show will also help in this technology drive

FMCG companies prepared to tackle logistics issues amid Covid surge

ITC has been taking stock of operations and monitoring market developments