Page 2369 - Company News

M-cap of 2 demerged entities could exceed Piramal's by 10-15%: Analysts

Analysts say the demerger will make it easier for investors to value the two companies

Mukesh Ambani tops Forbes India rich list with $92 billion net worth

Chairman of Reliance Industries, topped the rich list for the 14th year in a row

Unilever Indonesia de-rating underscores valuation risk to India FMCG

Currently, HUL trades at 58 times its estimated earnings for FY23. Nestle is the most expensive FMCG with 69x its FY23 P/E, while ITC is the cheapest at 17.5x

IndiGo's Rakesh Gangwal moves HC to enforce award of London arbitration

Sources said order had mandated relief in terms of shareholders' agreement, which gives greater control to co-promoter Rahul Bhatia and puts restrictions on transferring shares

Q2 show, lower gold prices and expansion may help sustain Titan's rally

The other positives are lower gold prices, higher festive and wedding season sales, and market share gains

Srei's great leap back underlines high-risk nature of NBFC business

In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial crisis in 2008-09

Dixon Technologies to make Acer laptops in India under PLI scheme

Dixon is an eligible player for the PLI scheme under the IT hardware category

Oberoi Realty Q2 sales bookings jump over 2-fold to Rs 828.52 crore

Oberoi Realty Ltd on Thursday reported over two-fold jump in its sales bookings at Rs 828.52 crore for the quarter ended September on improved housing demand driven by low mortgage rates

Piramal Enterprises board approves to demerge and list pharma business

The demerger will give potential investors the option of being associated with the business of their choice

Part-time employees not entitled to seek regularisation: Supreme Court

Part-time employees are not entitled to seek regularisation as they are not working against any sanctioned post, the Supreme Court said on Thursday

SFIO chief pulls up independent directors for washing hands of frauds

Keshav Chandra said frauds happen in companies, not just through promoters but a whole group of people who work to achieve the promoter's plan

PSU oil companies yet to recover about Rs 4,000 cr from PMUY beneficiaries

Companies may end up booking this amount as a loss or a customer acquisition cost

BPCL Privatisation: SEBI unlikely to exempt open offers for Petronet, IGL

India's capital market regulator is unlikely to give exemption to the company acquiring BPCL from making mandatory open offers for Petronet LNG Ltd and Indraprastha Gas

IIFL Finance bonds issue to close early on October 8 due to strong demand

IIFL Finance will use the capital for business growth and capital augmentation

Alliance Air to operate flights in Mizoram from October 18: Official

Mizoram will get an additional flight service as Alliance Air will start operating on the Kolkata-Guwahati-Aizawl-Shillong sector from October 18, an official of the state claimed on Thursday

Top headlines: HC rejects Srei plea; India opens doors for foreign tourists

Business Standard brings you the top headlines on Thursday

Sebi cancels registration certificate of Celebrus Commodities

Sebi cancelled the registration certificate of Celebrus Commodities Ltd for allegedly allowing its clients to trade in illegal contracts on NSEL and failing to fulfill "fit and proper" criteria.

NCLT committed error by not granting more time to Zee to file reply: NCLAT

NCLT order directing Zee to reply within two days violated principles of natural justice, said NCLAT

Invesco case: NCLT adjourns hearing; NCLAT to issue order on Zee plea soon

NCLT adjourned the hearing on Invesco's petition seeking convening of shareholders' meet by Zee Entertainment Enterprises, saying it will wait for the appellate tribunal's order related to the matter.

Amazon Pay offering rewards to customers during month-long festive event

Customers can extend their budget and shop for favourite items across categories, can also use different payment modes on Amazon Pay to shop seamlessly