Page 2556 - Company News
Lenders select Authum Investment's Rs 2,900 cr bid for Reliance Home Fin
The resolution will help parent company Reliance Capital Ltd prune its debt by 25 per cent to Rs 11,200 crore
 "Lenders select Authum Investment's Rs 2,900 cr bid for Reliance Home Fin")
Godrej Prop tops in sales bookings for FY21; overtakes Macrotech
Godrej Properties becomes country's largest listed real estate developer in terms of sales bookings during the last fiscal year as it clocked a record pre-sales of Rs 6,725 crore despite pandemic.
 "Godrej Prop tops in sales bookings for FY21; overtakes Macrotech")
Consumer demand may rebound in Q2 this fiscal: Trent Chairman Noel N Tata
Customer demand should rebound strongly, possibly from the second quarter onwards, said Trent Chairman Noel N Tata, though he remained "cautiously optimistic" on the medium-term outlook.
 "Consumer demand may rebound in Q2 this fiscal: Trent Chairman Noel N Tata")
'Edtech sector witnesses surge in demand for digital skills'
Edtech sector has witnessed a 90 per cent surge in demand for digital skills amid the pandemic, according to TeamLease Edtech.
 "'Edtech sector witnesses surge in demand for digital skills'")
Insolvency law changing the way society perceives biz failures, says Sahoo
Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way the society perceives business failures according to IBBI Chairperson M S Sahoo.
 "Insolvency law changing the way society perceives biz failures, says Sahoo")
Sales recovery in sight with easing of Covid curbs across states: MG Motor
MG Motor India expects the growth to be much better than the industry's despite supply chain challenges and increase in input costs
 "Sales recovery in sight with easing of Covid curbs across states: MG Motor")
Four of top-10 firms add Rs 68,458 crore in m-cap; HUL, Infosys top gainers
The valuation of Infosys jumped Rs 24,628.79 crore to Rs 6,41,108.34 crore.
 "Four of top-10 firms add Rs 68,458 crore in m-cap; HUL, Infosys top gainers")
PNB Housing Finance says Sebi has asked company to pause share sale
Market regulator says proposed Rs 4,000 crore share transfer is against the laws.
 "PNB Housing Finance says Sebi has asked company to pause share sale")
Many e-filing portal glitches fixed, 100,000 returns filed so far: Infosys
'We look forward to working with all the stakeholders over the next few weeks to make sure that all concerns (over the portal) are addressed,' says Infosys' COO at company's 40th AGM
 "Many e-filing portal glitches fixed, 100,000 returns filed so far: Infosys")
Srei Equipment Finance gets Rs 2k cr investment proposal from US consortium
Srei Equipment Finance provides financing mainly for construction and mining equipment.
 "Srei Equipment Finance gets Rs 2k cr investment proposal from US consortium")
HDFC Bank to buy 4.99% stake in HDFC ERGO for Rs 1,906 crore
The bank has been a distribution partner of the insurer since 2009.
 "HDFC Bank to buy 4.99% stake in HDFC ERGO for Rs 1,906 crore")
State-owned UCO Bank looks to raise up to Rs 500 crore
The board of directors will consider the proposal for raising tier-II capital of up to Rs 500 crore at its meeting scheduled to be held on June 23
 "State-owned UCO Bank looks to raise up to Rs 500 crore")
Strengthened talent pool by recruiting 19,230 graduates in India: Infosys
At 40th AGM of Infosys, its chairman Nandan Nilekani said in FY21 the company had industry-leading, healthy revenue growth at 5% in constant currency, totalling $13.6 bn
 "Strengthened talent pool by recruiting 19,230 graduates in India: Infosys")
Max Life ranks 18th amongst 'India's Best Companies to Work For' in 2021
The Company has been bestowed upon this honour for the tenth time in the most comprehensive employee survey of workplace culture conducted by the Great Place to Work Institute.
 "Max Life ranks 18th amongst 'India's Best Companies to Work For' in 2021")
NTPC among top 50 in 'Great Place to Work in India' list
NTPC is the only PSU to consistently feature in India's Top 50 Best Workplaces.
 "NTPC among top 50 in 'Great Place to Work in India' list")
Crisil downgrades BHEL credit rating on long-term bank facilities
The rating on short-term facilities has been reaffirmed at A1-plus.
 "Crisil downgrades BHEL credit rating on long-term bank facilities")
SICMA assures govt of making cement available at reasonable price point
The 25-member body also said it is closely working with Tamil Nadu govt in making cement available at concessional price to the weaker sections of the society
 "SICMA assures govt of making cement available at reasonable price point")
Tech hiring rebounds in May; overall job market still weak, says report
Other profiles like sales, marketing, site engineering, human resources, finance and project manager witnessed flat demand, the report added.
 "Tech hiring rebounds in May; overall job market still weak, says report")
Neuberg Diagnostics to expand in Africa, ME & India, invest Rs 150cr
Diagnostics major Neuberg Diagnostics plans to expand its international as well as domestic presence with an investment of Rs 150 crore, said a top company official
 "Neuberg Diagnostics to expand in Africa, ME & India, invest Rs 150cr")
Explained: How foreign portfolio investors view the 'India story'
The IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors than financial and energy companies
 "Explained: How foreign portfolio investors view the 'India story'")