Page 2506 - Company News
AGR dues cannot be recomputed: Supreme Court reserves order
But telcos Airtel, Vi, Tata Tele say arithmetical errors can be rectified and that there are duplication of entries
 "AGR dues cannot be recomputed: Supreme Court reserves order")
HCL Tech Q1 net up 9.9% to Rs 3,214 cr on cloud, digital shift deals
Shiv Nadar to move on and take over as chairman emeritus and strategic advisor to the Board for five years. C Vijayakumar, president and CEO, named managing director
 "HCL Tech Q1 net up 9.9% to Rs 3,214 cr on cloud, digital shift deals")
Bata India to focus on expansion in small towns, online channels
This is part of the firm's efforts to save cash through enhanced productivity, cost-reduction and tight inventory management
 "Bata India to focus on expansion in small towns, online channels")
Tata Steel arm, Jindal Stainless sign MoU for chrome ore mining in Odisha
Tata Steel Mining Ltd and Jindal Stainless Ltd signed an MoU to jointly unearth chrome ore locked up in the boundary between their mines located at Sukinda in Odisha's Jajpur district
 "Tata Steel arm, Jindal Stainless sign MoU for chrome ore mining in Odisha")
Dabur's non-executive chairman Amit Burman hospitalised in London
Homegrown FMCG major Dabur India on Monday said its Non-Executive Chairman Amit Burman has undergone a successful surgery in London for treating a case of aneurysm.
 "Dabur's non-executive chairman Amit Burman hospitalised in London")
Tata group's Voltas appoints Jitender Verma as chief financial officer
Verma will succeed Anil George, who has decided to separate from the services of the company due to personal commitments
 "Tata group's Voltas appoints Jitender Verma as chief financial officer")
Reliance Infra raises Rs 550.56 cr via preferential allotment of securities
Reliance Infrastructure had earlier said the funds would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt.
 "Reliance Infra raises Rs 550.56 cr via preferential allotment of securities")
104 startups registered on Startup India Showcase platform: Centre
As many as 104 startups from different sectors have been registered on the Startup India Showcase platform
 "104 startups registered on Startup India Showcase platform: Centre")
Moody's places Sri Lanka's Caa1 rating under review for downgrade
Fragile external liquidity position raises the risk of default
 "Moody's places Sri Lanka's Caa1 rating under review for downgrade")
Shiv Nadar resigns as MD of HCL Technologies, named Chairman Emeritus
C Vijayakumar has been appointed as Managing Director of the IT firm
 "Shiv Nadar resigns as MD of HCL Technologies, named Chairman Emeritus")
BPCL disinvestment process slows down due to pandemic, LIC IPO: Report
The disposal may only take place as soon as early next year rather than in 2020, one of the people said, asking not to be identified as the matter is private
 "BPCL disinvestment process slows down due to pandemic, LIC IPO: Report")
'Haven't received any communication from Sebi recently,' says Adani Group
MoS Finance on Monday said in Parliament that some Adani Group firms are under Sebi, DRI scanner for non-compliance of rules
 "'Haven't received any communication from Sebi recently,' says Adani Group")
SC to pass orders on telcos pleas raising issue of error in AGR calculation
The Supreme Court on Monday said it would pass orders on applications filed by telecom majors raising the issue of alleged errors in calculation in the figure of AGR related dues payable by them.
Corporates' demand for flexible workspace up 73% in Jan-Jun period
Leasing of flexible workspace by corporates rose 73 per cent to 31,538 seats during January-June period on a year-on-year basis, with enterprises looking to save cost besides flexibility
 "Corporates' demand for flexible workspace up 73% in Jan-Jun period")
Over 17,200 new companies set up in India during April-June 2021
More than 17,200 new companies were set up in the country during April to June this year while a total of 13.7 lakh companies were active at the end of June, according to official data.
 "Over 17,200 new companies set up in India during April-June 2021")
Blackstone to acquire majority stake in Simplilearn for $250 million
Simplilearn Solutions on Monday said Blackstone will acquire a majority stake in the edutech company for USD 250 million (about Rs 1,860 crore).
 "Blackstone to acquire majority stake in Simplilearn for $250 million")
Capital India infuses over Rs 187 crore in education fintech Credenc
Capital India Finance Ltd (CIFL) on Monday said it has invested over Rs 187 crore (USD 25 million) in education-focussed lending fintech Credenc.
 "Capital India infuses over Rs 187 crore in education fintech Credenc")
TechInvention ties up with Korean co to bring oral cholera vaccine to India
Clinical trials of WHO pre-qualified vaccine to start soon; Unicef price is $2 per dose, private market price globally is $8-10; Initial volumes to be imported; India would need 83 mn doses a year
 "TechInvention ties up with Korean co to bring oral cholera vaccine to India")
Indian Sellers Collective asks Narayana Murthy to end ties with Amazon
The Indian Sellers Collective has written an open letter to N. R. Narayana Murthy urging him to end partnership with Amazon for Cloudtail India.
 "Indian Sellers Collective asks Narayana Murthy to end ties with Amazon")
Edtech firms MPOWER, Credenc get $125 mn in funding for business growth
The companies work with Indian students going abroad for education, partner with colleges and companies.