Page 2475 - Company News
PNB Housing Fin to step up recovery efforts this month onwards: CEO Prasad
The company''s gross NPAs jumped to six per cent of the gross advances in quarter ended June 30, 2021, from 2.7 per cent by end of June 2020, mainly on account of impact of second wave of Covid-19.
 "PNB Housing Fin to step up recovery efforts this month onwards: CEO Prasad")
Sale by govt of Cairn Energy's 'attached' shares a bad decision: Experts
The IT department not just sold Cairn''s near 10 per cent shareholding in its Indian subsidiary but seized its dividends totalling Rs 1,140 crore and stopped tax refunds of Rs 1,590 crore.
 "Sale by govt of Cairn Energy's 'attached' shares a bad decision: Experts")
GOQii eyes entry into UK, S-E Asian markets as travel restrictions ease
The company''s strategy would be different for these markets and GOQii intends to team up with local strategic partners including large healthcare firms or insurance companies to make inroads.
 "GOQii eyes entry into UK, S-E Asian markets as travel restrictions ease")
Lodha group forms 4 JVs in Q1 for realty projects, eyes 2 JVs every quarter
Macrotech Developers, which sells properties under Lodha brand, has formed four JVs in April-June to build projects of Rs 3,500 crore, eyes two such tie-ups every quarter, a top company official
 "Lodha group forms 4 JVs in Q1 for realty projects, eyes 2 JVs every quarter")
Situation complicated but paint industry has growth potential: Berger
Though the situation remains "complicated", the paint industry essentially provides "growth potential" in view of pent up demand, Berger Paints has said
 "Situation complicated but paint industry has growth potential: Berger")
Market value of nine leading companies up Rs 2.22 trn; RIL and TCS lead
BSE Sensex rallied 3.21 per cent last week; HDFC Bank's capitalisation rose by Rs 37,563.09 crore.
 "Market value of nine leading companies up Rs 2.22 trn; RIL and TCS lead")
ED serving notice to Flipkart and not Amazon 'raises suspicion': CAIT
Influential trade association writes to investigating agency, appeals to commerce and finance ministers.
 "ED serving notice to Flipkart and not Amazon 'raises suspicion': CAIT")
Tata Steel BSL sets up UV oxidation plant to treat cyanide in wastewater
Tata Steel BSL set up the world's first ultraviolet oxidation plant in the industry at its facility in Odisha's Dhenkanal to treat cyanide in coke oven wastewater, a deadly pollutant, the company said
 "Tata Steel BSL sets up UV oxidation plant to treat cyanide in wastewater")
JSPL accepts Rs 7,401-cr revised offer for Jindal Power from Worldone
JSPL on Saturday said its board has accepted the revised offer of Rs 7,401 crore from Worldone Private Limited for divestment of its subsidiary company Jindal Power Ltd
 "JSPL accepts Rs 7,401-cr revised offer for Jindal Power from Worldone")
Flipkart, IIM Sambalpur to partner to support small businesses and artisans
Flipkart executives will actively participate in this program by sharing operational know-how, market, and consumer insights
 "Flipkart, IIM Sambalpur to partner to support small businesses and artisans")
NCLT dismisses Rolta promoters' plea for one-time settlement
The National Company Law Tribunal (NCLT) has dismissed a petition of the promoters of IT firm Rolta India Ltd seeking one-time settlement and regain the control of the company
 "NCLT dismisses Rolta promoters' plea for one-time settlement")
TVS Automobile Solutions may partner used-car companies; plans expansion
TVS Automobile Solutions had launched its new subsidiary Ki Mobility Solution (an online to offline digital platform) in November 2020
 "TVS Automobile Solutions may partner used-car companies; plans expansion")
Top headlines: Retail rush for 4 IPOs, lenders worried over RIL-Future deal
Business Standard brings you top headlines this morning
 "Top headlines: Retail rush for 4 IPOs, lenders worried over RIL-Future deal")
Hindalco hits records in June quarter on rising commodity prices
Metals cycle is expected to stay strong and aid the company, but prices may top out this fiscal
 "Hindalco hits records in June quarter on rising commodity prices")
Have made full disclosures in past, not facing Sebi probe on FPIs: APSEZ
Says absolutely no connection with FPIs based in Mauritius; has applied to operate Myanmar port
 "Have made full disclosures in past, not facing Sebi probe on FPIs: APSEZ")
Supreme Court stalls $3.4-billion RIL-Future deal, win for Amazon
The case centres around Amazon challenging Future's merger deal with Reliance Retail
 "Supreme Court stalls $3.4-billion RIL-Future deal, win for Amazon")
India growth, steady margins are key to near-term upsides for Cipla
Over the medium term, success of the new launches in the US would drive gains
 "India growth, steady margins are key to near-term upsides for Cipla")
NCLT admits application for initiating CIRP against McLeod Russel
Once the world's largest tea producer, McLeod Russel, part of the Brij Mohan Khaitan group company, is now India's largest with about 31 estates
 "NCLT admits application for initiating CIRP against McLeod Russel")
Mahindra Group to financially compute its impact on society: Anand Mahindra
Mahindra and RIL are two Indian firms that joined 61 other global firms to commit to the core Stakeholder Capitalism Metrics released by IBC at the World Economic Forum this Jan
 "Mahindra Group to financially compute its impact on society: Anand Mahindra")
ReNew Power SPAC: RMG Acquisition Corp shareholders' vote in August
Firm to list on NASDAQ at $8 billion valuation
 "ReNew Power SPAC: RMG Acquisition Corp shareholders' vote in August")