Page 2643 - Company News
IT companies look set for strongest quarter in years, say analysts
Growth for the quarter will be driven by acceleration in digital technologies, improved demand in the aftermath of Covid, ramp-up in deal wins, and migration to Cloud
 "IT companies look set for strongest quarter in years, say analysts")
Diamond in the rough: Why NINL is attracting interest from all the big boys
Why the sale of a loss-making public sector steel company, which has been closed for over a year, is attracting interest from all the big boys of the industry
 "Diamond in the rough: Why NINL is attracting interest from all the big boys")
IL&FS subsidiary receives Rs 1,804 crore from NHAI as settlement
There is a pending settlement of Rs 902 crore for the Khed Sinnar Expressway project and Rs 171 crore for Amravati Chikli Expressway from NHAI
 "IL&FS subsidiary receives Rs 1,804 crore from NHAI as settlement")
Contributed over Rs 34K cr to Indian exchequer in FY20: Vedanta Resources
Diversified natural resources firm Vedanta Resources has said it contributed $4.66 billion (Rs 34,018 crore) to the public exchequer in India during the 2019-20 fiscal
 "Contributed over Rs 34K cr to Indian exchequer in FY20: Vedanta Resources")
Govt to slap recovery notice on Vedanta's Cairn after Delhi HC judgment
The oil ministry will seeks tens of millions of dollars from Vedanta's Cairn Oil & Gas after the Delhi High Court held that the firm was liable to pay higher profit share to the government
 "Govt to slap recovery notice on Vedanta's Cairn after Delhi HC judgment")
Enigma Auto looks to seal deal with Bengaluru firm to supply 2,000 EVs
Bhopal-based bootstrap EV start-up Enigma Automobiles is looking to seal a sales deal with a Bengaluru-based B2B company to supply 2,000 vehicles.
 "Enigma Auto looks to seal deal with Bengaluru firm to supply 2,000 EVs")
Demand in segments that company caters to has come back: Cummins India
Engines and power equipment maker Cummins India has said the demand in most of the segments that the company caters to has come back strongly
IL&FS receives Rs 693 cr settlement claim for two road projects from NHAI
IL&FS has received Rs 693 crore worth of settlement claims for two road projects from the National Highways Authority of India (NHAI)
 "IL&FS receives Rs 693 cr settlement claim for two road projects from NHAI")
SBI Card sees over 50% transaction from online payments, says CEO
SBI Card has been seeing over 50% of its transactions via online payments such as on groceries, insurance premium, and hopes the trend to go up further as point of sale purchases are yet to pick up
 "SBI Card sees over 50% transaction from online payments, says CEO")
RIL-BP seek buyers for 5.5 mn standard cubic meters per day gas from KG-D6
Reliance Industries Ltd and its partner BP Plc of UK have sought bids for sale of 5.5 mmscmd of additional natural gas that will be available for sale from their eastern offshore KG-D6 block
 "RIL-BP seek buyers for 5.5 mn standard cubic meters per day gas from KG-D6")
Private lender Yes Bank targets startup sector, ties-up with GVFL
To broaden its services for the start-up sector, the lender Yes Bank has tied-up with GVFL Limited.
 "Private lender Yes Bank targets startup sector, ties-up with GVFL")
DMart's Radhakishan Damani buys South Mumbai property for Rs 1,001 crore
The billionaire investor paid Rs 1,61,670 per sq ft, making it the most expensive residential property deal in the country in recent years
 "DMart's Radhakishan Damani buys South Mumbai property for Rs 1,001 crore")
Individual loan business continues to improve in January-March: HDFC
Loans worth Rs 7,503 crore were assigned to its banking subsidiary.
 "Individual loan business continues to improve in January-March: HDFC")
Top UPI players stare at uncertain future over 30% cap in market share
When an app breaches 30 per cent market share by volume, NPCI will ask third party apps to stop onboarding of new customers.
 "Top UPI players stare at uncertain future over 30% cap in market share")
Govt defers mandatory use of transparent accounting software use by year
This comes as relief to businesses across the spectrum
 "Govt defers mandatory use of transparent accounting software use by year")
Munjal family matriarch Santosh Munjal passes away at 92
Santosh Munjal, matriarch of the Munjal family -- the promoters of the Hero group, has passed away, according to the family.
 "Munjal family matriarch Santosh Munjal passes away at 92")
Phone sales down to near zero, Covid was Xiaomi India chief's acid test
The pandemic has triggered an urgent need for devices supporting activities such as work from home, remote learning, entertainment and playing games and Xiaomi India is betting big on this opportunity
 "Phone sales down to near zero, Covid was Xiaomi India chief's acid test")
Green energy arm of NTPC to raise Rs 2,100 crore through term loan
NTPC REL is likely to borrow through both domestic and international markets to minimise the borrowings costs
 "Green energy arm of NTPC to raise Rs 2,100 crore through term loan")
Covid-19 pandemic pushes Jubilant FoodWorks to diversify operations
Analysts say shift to organised biz will bring more consumers to restaurants
 "Covid-19 pandemic pushes Jubilant FoodWorks to diversify operations")
Indian promoters take back seat, prefer non-exec roles as scrutiny rises
Top firms asking professionals to run daily operations; experts say increased regulatory and shareholder scrutiny is making promoters give up their positions
 "Indian promoters take back seat, prefer non-exec roles as scrutiny rises")