Page 2569 - Company News
India Inc earns 72% of revenue from the domestic market: Morgan Stanley
On an aggregate basis, 72 per cent of EM companies' revenues come from their home country
 "India Inc earns 72% of revenue from the domestic market: Morgan Stanley")
Fitch Ratings affirms Adani Ports at 'BBB-'; outlook negative
About 56% of firm's cargo is sticky, which includes contractual take-or-pay cargo, or that which is unlikely to be diverted to other ports due to infra curbs
 "Fitch Ratings affirms Adani Ports at 'BBB-'; outlook negative")
NSDL statement prevents a $500-million sell-off in Adani group stocks
Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices
Sembcorp to expand its renewable portfolio in India, eyes 30% CAGR
The firm is aiming to have a gross installed renewable energy capacity of 10 Gw by 2025
 "Sembcorp to expand its renewable portfolio in India, eyes 30% CAGR")
At Rs 2,887 crore, Authum is top bidder for Reliance Housing Finance
subsidiary of Reliance Capital, the firm had defaulted on Rs 11,000 crore of loans and lenders had sought bids from investors
 "At Rs 2,887 crore, Authum is top bidder for Reliance Housing Finance")
Jio to start Jiofiber post-paid service from June 17; installation free
Reliance Jio will start Jiofiber post-paid broadband service from June 17 without charging installation fee on new connections, according to a company source.
 "Jio to start Jiofiber post-paid service from June 17; installation free")
Coal India to close down 23 unviable mines, to help save around Rs 500 cr
Coal India Limited has decided to close down 23 unviable mines and it would help save the company around Rs 500 crore considering all costs, officials said on Tuesday.
 "Coal India to close down 23 unviable mines, to help save around Rs 500 cr")
BoB to offer flexible working model to employees; focus on mobile banking
This is aimed at striking a work-life balance and productivity enhancement in the long run.
 "BoB to offer flexible working model to employees; focus on mobile banking")
Rating agencies come together to represent Indian rating industry
Currently, there are seven credit ratings agencies registered with SEBI
 "Rating agencies come together to represent Indian rating industry")
Manipal Group chief, Rohan Ajila launch consumer-sector focused SPAC in US
GCAC raised this week $170 million in an initial public offering listed in NASDAQ.
 "Manipal Group chief, Rohan Ajila launch consumer-sector focused SPAC in US")
CCI to expedite Amazon, Flipkart antitrust probe as tech focus intensifies
The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart promoted select sellers on their e-commerce platforms
 "CCI to expedite Amazon, Flipkart antitrust probe as tech focus intensifies")
ShareChat builds regional language live audio product, enables monetisation
The feature is essentially what Clubhouse and Twitter Spaces have made popular in the largely English-speaking world
 "ShareChat builds regional language live audio product, enables monetisation")
Indian pharma companies' sales to rise after resilience in FY21: Fitch
Indian pharmaceutical companies' sales will grow robustly in the financial year ending March 2022 (FY22) as sales normalise in categories affected by the pandemic in previous year, Fitch Ratings said
 "Indian pharma companies' sales to rise after resilience in FY21: Fitch")
Anupam Rasayan clears debt worth Rs 530 cr from recent IPO proceeds
Anupam Rasayan has repaid debt worth Rs 530 crore from the net proceeds of its recently completed initial public offering and will clear an additional Rs 30 crore debt by next quarter
 "Anupam Rasayan clears debt worth Rs 530 cr from recent IPO proceeds")
'Time for compassion': Indian tech firms help young workers in Covid trauma
Firms are trying to figure out how to address the mental-health fallout for a generation of employees.
 "'Time for compassion': Indian tech firms help young workers in Covid trauma")
Coal India Ltd final dividend to enrich govt by Rs 1,426 crore
The government will receive Rs 1,426 crore as dividend from Coal India Limited (CIL) after the dry fuel miner on Monday announced an additional final dividend of 35 per cent
 "Coal India Ltd final dividend to enrich govt by Rs 1,426 crore")
JB Chemicals & Pharmaceuticals Q4 net profit jumps two-fold to Rs 101 cr
Drug firm JB Chemicals & Pharmaceuticals on Monday reported a two-fold jump in consolidated net profit to Rs 100.81 crore for the quarter ended March 2021 on account of robust sales.
 "JB Chemicals & Pharmaceuticals Q4 net profit jumps two-fold to Rs 101 cr")
Piramal, DHFL merger: The road ahead remains bumpy due to legal hurdles
Former promoter moves Supreme Court, debt investor 63 moons vows to move court to recover dues
 "Piramal, DHFL merger: The road ahead remains bumpy due to legal hurdles")
How a smart thermometer is helping fight Covid-19 pandemic in the US
The tech firm, which developed the smart thermometer, is run by an Indian-origin founder
 "How a smart thermometer is helping fight Covid-19 pandemic in the US")
In the eye of the storm: Adani stocks crash on rumours of FPI freeze
Shares recoup some losses after company, NSDL, FPIs deny report