Page 2541 - Company News
LIC Housing Finance to raise over Rs 2,334 cr from LIC as equity capital
LIC will infuse equity capital worth about Rs 2,334.70 crore in its subsidiary LIC Housing Finance by picking up an additional stake in the company
 "LIC Housing Finance to raise over Rs 2,334 cr from LIC as equity capital")
India's airline fleet to contract, fall below 700 on weak demand: CAPA
Indian airlines are expected to induct 69 planes during the year and retire 86 aircraft, some of which could be through repossessions by lessors
 "India's airline fleet to contract, fall below 700 on weak demand: CAPA")
Eveready powers up for life after debt, but the question of control remains
After hefty provisioning for inter-group loans, the Khaitan-managed company says it is back on track. But who will be in control from here on remains an open question
 "Eveready powers up for life after debt, but the question of control remains")
Explained: How sugar sector shrugged off its bitter cyclical nature
Data shows that in the 10-year period from 2010-11 to 2020-21, India's annual sugar production exceeded domestic consumption in all the years, except 2016-17
 "Explained: How sugar sector shrugged off its bitter cyclical nature")
Headless NCLT awaits reforms to speed up resolution of pending cases
Over 20K cases pending and more than half linked to insolvency, bankruptcy
 "Headless NCLT awaits reforms to speed up resolution of pending cases")
Air traveller numbers treble from May low as states get into unlock mode
But the grim reality is that the average daily passengers for June from the second week is still around 40 per cent of the levels reached in March when it rose to 313,000 passengers a day
 "Air traveller numbers treble from May low as states get into unlock mode")
Covid-19 pandemic: Real-time cyber watch by enterprises on the rise
Pandemic has alerted the market to view cybersecurity as a necessary investment, not just an IT project: HCL Tech
 "Covid-19 pandemic: Real-time cyber watch by enterprises on the rise")
Uber Connect saw 3X demand in May, driven by grocery and drug deliveries
The two-wheeler delivery service, which was launched in May last year during the nationwide lockdown, is now available across 26 cities
 "Uber Connect saw 3X demand in May, driven by grocery and drug deliveries")
RIL to invest Rs 75,000 cr in clean energy, build 4 giga factories: Ambani
It will also set up a platform for renewable energy project finance to source long-term global capital for investment in these sectors
 "RIL to invest Rs 75,000 cr in clean energy, build 4 giga factories: Ambani")
3x growth in 5 years, 1 mn jobs: Mukesh Ambani's blueprint for retail biz
Ambani also outlined a five-point agenda for the division as it sought to be amongst the top 10 global retailers in the next few years
 "3x growth in 5 years, 1 mn jobs: Mukesh Ambani's blueprint for retail biz")
Uttar Pradesh Police restrained from action against Twitter India head
Twitter on Monday restricted tweets showing video and images from the viral video
 "Uttar Pradesh Police restrained from action against Twitter India head")
RIL AGM 2021: Jio, Google to roll out 4G smartphone on September 10
Jio is the country's largest telecom service provider with over 425 million customers
 "RIL AGM 2021: Jio, Google to roll out 4G smartphone on September 10")
RIL offers board seat to Saudi Aramco's Yasir Al-Rumayyan in global push
Success of partnership key to internationalisation plans, say RIL executives
 "RIL offers board seat to Saudi Aramco's Yasir Al-Rumayyan in global push")
Piaggio Vehicles reopens its two-wheeler dealerships across India
Piaggio Vehicles on Thursday announced the reopening of its two-wheeler dealerships across India, which had shut operations due to a massive increase in the coronavirus infection cases between April and mid-May across the country.
 "Piaggio Vehicles reopens its two-wheeler dealerships across India")
Apollo's digital platform move may fuel consolidation, benefit consumers
Apollo will merge its online and offline pharmacy businesses (excluding hospital pharmacies) and telemedicine verticals into a single entity called Apollo HealthCo
 "Apollo's digital platform move may fuel consolidation, benefit consumers")
Apollo Hospitals pegs a $2.3 billion sales target for new company
Will look at acquisitions after monetising a small stake
 "Apollo Hospitals pegs a $2.3 billion sales target for new company")
Share buyback case: SAT stays Sebi's penalties on Cairn India, others
The buyback offer was scheduled to open on January 23, 2014 and close on July 22, 2014.
 "Share buyback case: SAT stays Sebi's penalties on Cairn India, others")
Orios Venture announces final close of $30 mn follow-on investment fund
Launched in 2014, Orios Venture Partners has notable portfolio companies including Pharmeasy, GoMechanic, Country Delight, Beato, Mobikwik, among others.
 "Orios Venture announces final close of $30 mn follow-on investment fund")
E-commerce enabler Classplus raises $65 mn from Tiger Global, others
Educators use Classplus to streamline their communication, launch cohort-based live courses, manage student communities. The solution also helps them deliver live lessons, automate their daily tasks
 "E-commerce enabler Classplus raises $65 mn from Tiger Global, others")
Adani group strikes first coal from its Carmichael mine in Australia
The project had faced protests from a section of population with several banks even refusing to fund it.
 "Adani group strikes first coal from its Carmichael mine in Australia")