Page 2342 - Company News

Hindalco Industries acquires Ryker Base for enterprise value of Rs 323 cr

Deal will strengthen Hindalco's copper rod capacity by providing a time-to-market edge, allowing it to cater to the growing demand from electrical and electronics sectors

'Super-committed' to the India market: Intel India MD Prakash Mallya

What will be Intel's strategy as more Indian players enter manufacturing with the PLI scheme? Prakash Mallya, Intel India's VP & MD answers this and other questions in this exclusive interview

Zee announces Nov 11 as board meeting date to announce Q2 earnings

The company had cancelled October 27 board meet citing lack of quorum

Litigations delay asset sale process of debt-ridden Reliance Capital

Reliance Capital had a debt of Rs 26,887 crore on a consolidated level as on fiscal year ended March this year

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.