Page 2334 - Company News

PNB Housing Sept qtr net down 25% to Rs 235 cr even as housing demand rises

Consolidated interest income drops to Rs 1,500 cr from Rs 1,960 cr in the same quarter last year. NII down 23% to Rs 503 cr

Appellate Authority overrules AAR to bring Fryum papad under GST exemption

Holds that Fryum is a brand, not a generic product, and that it is similar to traditional round papad in all respects; normal papad attracts 0% GST

IL&FS group expects to resolve extra Rs 4,800 crore debt by March 22

If this happens, it would have resolved amounts close to Rs 57,000 by then; lenders' write-off pegged 38-39%

KFC operator Sapphire Foods sets IPO price band of Rs 1,120-1,180/share

The IPO will be entirely an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders.

Fino Payments Bank subscribed two times on last day, HNI response tepid

IPO was Rs 300 crore fresh fund raise, Rs 900 crore secondary share sale by promoter Fino Paytech; bank will use fresh proceeds to augment tier-1 capital base

A bumpy ride for automakers: Festive season hasn't seen strong pick-up

Festive season hasn't seen strong pick-up, margin pressures continue

From conventional fuel to EVs, RIL-bp pumps up the mobility stakes

According to RIL-bp, these new Jio-bp mobility stations will bring together a range of services for consumers

It's game on for online players, but regulatory woes in India remain

$794 mn investments pumped into Indian gaming industry in 2021, but regulatory woes remain

SREI founders may offer resolution plan under CIRP if RBI and lenders allow

Will refrain of apex bank and lenders resist such a move, says Hemant Kanoria

6 brownfield Adani airports could help AAI make Rs 650 crore annually

The Adanis have already signed up concession agreements from late December 2020 to run the airports

Dhanteras glitter dims for consumer appliances firms, automakers

Inflation, second Covid-19 wave, semiconductor shortage major reasons behind tepid sales

Ola posts first-ever operating profit of Rs 90 cr in FY21 amid pandemic

This, even as revenues declined 65% to Rs 690 cr amid Covid-19 lockdowns

Moody's upgrades Lodha group's Macrotech Developers to B3; outlook positive

Move follows reduction in debt, improvement in performance

Unacademy buys top K-10 online tuition platform Swiflearn for unknown sum

Founded in 2019, Swiflearn is an online platform for academic courses, which provides personalised home tuition experience from top quality teachers

CRISIL withdraws SpiceJet rating; firm in non-cooperating category

SpiceJet terminated the contract with CRISIL after the rating firm had downgraded the company's bank loan facilities on July 7 citing deterioration in liquidity profile

Alchemist ARC to move Jaisalmer court against Pratip Chaudhuri's arrest

The Rajasthan Police had on Sunday arrested Chaudhuri in Delhi in connection with an alleged loan scam.

Tata Consultancy Services to be new title sponsor for Jaguar Formula E Team

For­mula E Championship is a single-seater motorsport cha­mp­ionship for electric cars

HCL Infosystems posts Rs 13.07-crore net profit for September quarter

The IT company on Tuesday reported a consolidated net profit

CRISIL Ratings withdraws Spicejet rating on 'non-cooperation'

The ratings agency has withdrawn the rating of Spicejet and put it under "non-cooperative" category

Vodafone Idea, Ericsson team up to showcase power of 5G in healthcare

Vodafone Idea and Ericsson have teamed up to transform the healthcare sector in India