Page 2505 - Company News
Authum awaits RBI nod to buy Reliance Housing and Reliance Commercial
With a market cap of Rs 2,000 crore, Authum Investment, hitherto unknown in the market circles, plans to diversify into all financial sector businesses to become a large player
 "Authum awaits RBI nod to buy Reliance Housing and Reliance Commercial")
Godrej forays into dishwashers; eyes 15% mkt share by end of 2021-22
Godrej & Boyce, the flagship company of the Godrej Group, on Tuesday announced its foray into the dishwashers market and is eyeing 15 per cent market share
 "Godrej forays into dishwashers; eyes 15% mkt share by end of 2021-22")
Institutional investment in realty to grow 4% to Rs 36,500 cr: Report
Institutional investment in real estate is likely to rise by 4 per cent to $5 billion (Rs 36,500 crore) during this calendar year with investors looking to snap up properties at attractive valuations
 "Institutional investment in realty to grow 4% to Rs 36,500 cr: Report")
IOC to build India's first green hydrogen plant at Mathura refinery
IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy.
 "IOC to build India's first green hydrogen plant at Mathura refinery")
Infosys admitted glitches in I-T portal, resolving them: Finance Ministry
More than 700 e-mails detailing over 2,000 issues in the portal were received, says minister.
 "Infosys admitted glitches in I-T portal, resolving them: Finance Ministry")
Infy sets up Automotive Digital Technology and Innovation Centre in Germany
The new centre brings together automotive and IT experts from across Germany into a space for shared knowledge, skills and innovation
 "Infy sets up Automotive Digital Technology and Innovation Centre in Germany")
Sebi bars Global Infratech, its directors, 12 others from securities market
Sebi has restrained Global Infratech and Finance Ltd, its directors and 12 other individuals from the securities market for their roles in a fraudulent scheme of trading in firm's shares
 "Sebi bars Global Infratech, its directors, 12 others from securities market")
LIC Housing Fin approaches SAT in regard to preferential shares allotment
LIC Housing Finance has approached Securities Appellate Tribunal with regard to company's proposal of allotting over 4.5 crore preferential shares to its parent company LIC
 "LIC Housing Fin approaches SAT in regard to preferential shares allotment")
Amazon Web Services shuts down Pegasus-owner NSO Group's infrastructure
After the massive Pegasus spyware controversy, Amazon Web Services, which is the Cloud arm of Amazon, has shut down infrastructure and accounts linked to the Israeli surveillance company NSO Group
 "Amazon Web Services shuts down Pegasus-owner NSO Group's infrastructure")
Vegrow raises funding to tap India's $50 bn fruits, vegetables segment
While India's B2B agri market is attractive at $300 billion, it is also a complex maze of fragmented supply with over 120 million farmers growing across 30 states
 "Vegrow raises funding to tap India's $50 bn fruits, vegetables segment")
Cairn Energy arbitration case: Riders to invoking 'sovereign immunity'
Earlier this month, a French court permitted Cairn Energy to freeze several India-owned assets in Paris for executing the $1.2-billion international arbitral award in the decade-long tax dispute
 "Cairn Energy arbitration case: Riders to invoking 'sovereign immunity'")
Real estate fund managers rush to raise fresh money as banks baulk
Early this week, ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group, launched a fund with a corpus of Rs 1,000 crore
From luxury cars to business jets, small-town tycoons aiming big
With growing revenues and surging aspirations, demand for luxury products growing in Tier 2, 3 cities
 "From luxury cars to business jets, small-town tycoons aiming big")
Sebi's actions hurt minority shareholders: PNB Housing tells SAT
The counsel argued that blaming the board of directors was unfair as preferential allotment price was not final and had to be approved by a special resolution
 "Sebi's actions hurt minority shareholders: PNB Housing tells SAT")
HDFC Bank's weak Q1 performance may keep Bank Nifty under pressure
The private bank bellwether reported its lowest NII growth in a decade
 "HDFC Bank's weak Q1 performance may keep Bank Nifty under pressure")
Sebi, DRI probing some Adani Group firms for non-compliance of rules: Govt
Adani group says it's been transparent, complying with laws
 "Sebi, DRI probing some Adani Group firms for non-compliance of rules: Govt")
Vedanta invites partnership from cement companies for by-products
Vedanta on Monday said its aluminium vertical has invited partnerships from cement producers like ACC, UltraTech Cement and JK Cement to use its by-products for manufacturing low-carbon cement.
 "Vedanta invites partnership from cement companies for by-products")
Premium valuations for specialty chemicals to sustain on multiple tailwinds
Near-term upsides however are limited given the spurt in stock prices
 "Premium valuations for specialty chemicals to sustain on multiple tailwinds")
NCLAT stays NCLT's nod to Twinstar's resolution plan for Videocon Group
Development follows an appeal by Bank of Maharashtra, a dissenting creditors. Matter is slated to be heard on September 9
 "NCLAT stays NCLT's nod to Twinstar's resolution plan for Videocon Group")
Air traffic grows 47% in June as Delhi, Maharashtra ease Covid-19 curbs
Industry-wide passenger load factor rose to 62.9% in June from May's 50.5%. SpiceJet had the highest load factor of 70%.
 "Air traffic grows 47% in June as Delhi, Maharashtra ease Covid-19 curbs")