Page 2647 - Company News
Coal India arm NCL supplies 87% of total coal to power producers in FY21
Coal India arm NCL said it supplied 87 per cent of its total coal to electricity producers in the last fiscal year, thereby fulfilling the power aspiration of the country in these unprecedented times
 "Coal India arm NCL supplies 87% of total coal to power producers in FY21")
Volvo Car India to bear Covid-19 vaccination cost of its employees
Volvo Car India on Monday said it will bear the cost of vaccinating its employees against Covid-19
 "Volvo Car India to bear Covid-19 vaccination cost of its employees")
Byju's acquires Aakash Educational Services for $1 bn via strategic merger
The addition of Aakash is a significant step towards strengthening Byju's product offering
 "Byju's acquires Aakash Educational Services for $1 bn via strategic merger")
IndusInd Bank's advances up 3% YoY and sequentially in Q4FY21
The bank told stock exchanges its deposits have gone up by 27 per cent YoY to Rs 2.56 trillion
 "IndusInd Bank's advances up 3% YoY and sequentially in Q4FY21")
Adani Ports acquire 25% of Vishwasamudra's stake in Krishnapatnam Port
Private sector ports and logistics company Adani Ports and Special Economic Zone Ltd. (APSEZ) is acquiring the residual 25% stake in Adani Krishnapatnam Port for Rs 2,800 crore
 "Adani Ports acquire 25% of Vishwasamudra's stake in Krishnapatnam Port")
MobiKwik: What makes the firebrand co-founders defensive about company
The co-founders see their reliance on mostly Indian funding as a compelling USP
 "MobiKwik: What makes the firebrand co-founders defensive about company")
Private equity firms value SP Group stake in Tata Sons at hefty discount
PE players willing to offer credit are asking for two things - a personal guarantee from the SP family, and a pledge of shares in its own group companies.
 "Private equity firms value SP Group stake in Tata Sons at hefty discount")
Serum Institute may apply to sell Covid-19 vaccine Covishield commercially
No Covid vaccine in the world has marketing authorisation allowing sales in private market
 "Serum Institute may apply to sell Covid-19 vaccine Covishield commercially")
Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers
Apex court has sent case back to lenders, allowing previous two bidders to furnish revised plan
 "Decade on, wait for a roof still far cry for Jaypee Infratech homebuyers")
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")