Page 2471 - Company News
Financial creditors realised 36% of their total claims under IBC: Govt
The government on Tuesday said that financial creditors have realised Rs 2.45 lakh crore or 36 per cent of their total claims under the insolvency resolution process till the end of June.
 "Financial creditors realised 36% of their total claims under IBC: Govt")
Telecom needs 'long overdue' support for 3+1 structure: Sunil Mittal
Airtel to scale up investments in data centres, Cloud services, cyber security
 "Telecom needs 'long overdue' support for 3+1 structure: Sunil Mittal")
Reliance Industries may buy Deutsche Telekom arm for $5.9 billion
A deal for T-Mobile Netherlands would represent a rare purchase in Europe for Mukesh Ambani's group.
 "Reliance Industries may buy Deutsche Telekom arm for $5.9 billion")
RIL forays into energy-storage business through stake buy in US company
Based on patented tech, designed to last between 4-24 hrs, Ambri's long- duration energy storage systems will break through the cost, longevity & safety barriers associated with lithium-ion batteries
 "RIL forays into energy-storage business through stake buy in US company")
A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son
Last month, Swiggy closed a $1.25-bn fundraise, marking the first investment in the category by SoftBank Vision Fund 2, and raising its valuation by more than 50% to $5.5 bn
 "A Swiggy IPO could provide good returns, says SoftBank's Masayoshi Son")
Vedanta to invest $20 bn across businesses, double silver and steel output
Timeline for investment not given; Firm looks to ramp up domestic production in oil and gas by up to 50%
 "Vedanta to invest $20 bn across businesses, double silver and steel output")
Industry needs long overdue support to maintain 3+1 structure: Sunil Mittal
Bharti Airtel Chairman Sunil Mittal said the sector remains a viable place for continued investments
SC rejects challenge to approval of resolution plan of Reliance Infratel
The Supreme Court on Tuesday rejected the challenge of operational creditors on approval of resolution plan of the Reliance Infratel Limited by NCLT
 "SC rejects challenge to approval of resolution plan of Reliance Infratel")
CCI approves Lighthouse Funds' additional stake buy in Bikaji Foods
The Competition Commission of India (CCI) on Tuesday approved Lighthouse Funds' acquisition of additional stake in Bikaji Foods International Ltd.
 "CCI approves Lighthouse Funds' additional stake buy in Bikaji Foods")
Future Supply Chain Solutions' net loss narrows to Rs 42.60 cr in June qtr
Future Supply Chain Solutions Ltd on Tuesday reported narrowing of its net loss to Rs 42.60 crore for the first quarter ended June 2021
 "Future Supply Chain Solutions' net loss narrows to Rs 42.60 cr in June qtr")
Eveready gets a new joint managing director in Suvomoy Saha
The move comes more than a year after the Burman family - promoters of Dabur India - became the largest shareholder in Eveready with a stake of 19.84%
 "Eveready gets a new joint managing director in Suvomoy Saha")
MCG officials yet to initiate inquiry against IL&FS for flouting norms
Despite demands of action by the councillors of the Municipal Corporation of Gurugram against IL&FS for flouting MCG norms during the house meeting held on July 30
 "MCG officials yet to initiate inquiry against IL&FS for flouting norms")
Shriram City, STFC raise Rs 2,000 cr through retail fixed deposits in Jul
Shriram City Union Finance and Shriram Transport Finance Company have raised record retail fixed deposits (FDs) worth Rs 2,000 crore in July 2021
Amazon to soon directly address claims over faulty marketplace products
Starting September 1, users will be able to contact Amazon directly with a property damage or personal injury claim and then Amazon will connect you with the seller.
 "Amazon to soon directly address claims over faulty marketplace products")
India Inc's deal activity sees 3% jump to $13.2 billion in July
On the PE side, e-commerce led with 11 deals worth $5 billion
 "India Inc's deal activity sees 3% jump to $13.2 billion in July")
Rakesh Jhunjhunwala's Akasa in talks with Boeing for up to 100 Max jets
Airline reaches out to govt for recertification of grounded 737 Max aircraft
 "Rakesh Jhunjhunwala's Akasa in talks with Boeing for up to 100 Max jets")
Vedanta committed to bring in investments of up to $20 bn: Anil Agarwal
Agarwal was addressing the shareholders during 56th Annual General Meeting of the company.
 "Vedanta committed to bring in investments of up to $20 bn: Anil Agarwal")
Eveready Industries Q1 consolidated net profit up 21% to Rs 30.13 cr
Batteries and flashlights maker Eveready Industries India Ltd on Tuesday reported a 21 per cent increase in consolidated net profit at Rs 30.13 crore in the first quarter ended June 30.
Kalyan Jewellers Q1 consolidated loss narrows to Rs 51 crore
Jewellery retailer Kalyan Jewellers on Tuesday reported a narrowing of its consolidated loss to Rs 51.30 crore for the quarter ended June.
 "Kalyan Jewellers Q1 consolidated loss narrows to Rs 51 crore")
Max Healthcare posts Q1 consolidated net profit of Rs 146.92 crore
Max Healthcare Institute on Tuesday reported a consolidated net profit of Rs 146.92 crore for the quarter ended June 30, 2021.