Page 2685 - Company News
Life insurers' new business premium up 21% in February at Rs 22,425 crore
Private insurers saw their NBP grow by 16% during the month to Rs 9,504.64 crore, compared with Rs 8,128.51 crore in February 2020
 "Life insurers' new business premium up 21% in February at Rs 22,425 crore")
Rising crude prices could put OMC margins under pressure, hurt stock rally
While analysts expect excise duty cuts or price hikes to offset pressure on marketing margins, there is some uncertainty currently; Oil producers seen gaining
 "Rising crude prices could put OMC margins under pressure, hurt stock rally")
BMW group's Mini brand grows and stays strong where others pack up
The storied automobile brand owned by the BMW group has established itself as a premium small car brand in India boosting its sales to over 500 units last year
 "BMW group's Mini brand grows and stays strong where others pack up")
Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal
24 are expansion projects, eight are greenfield; combined incremental peak capacity is projected at 193 MTPA
 "Coal India approves 32 mining projects worth Rs 47,000 cr this fiscal")
Will support 1 million women entrepreneurs in rural India: Sundar Pichai
The Alphabet CEO said empowering women entrepreneurs could create hundreds of millions of jobs, but when it comes to accessing opportunity, deep inequalities persist for women
 "Will support 1 million women entrepreneurs in rural India: Sundar Pichai")
Canada fund shrugs off past experience, renews interest in Indian realty
Three of its Indian partners went ahead and formed similar JVs with other investors in the past.
 "Canada fund shrugs off past experience, renews interest in Indian realty")
Domestic capital goods companies likely to report flat margins in Q4
Volumes expected to rise as demand picks up in select sectors, say experts
 "Domestic capital goods companies likely to report flat margins in Q4")
NCLT can rule only on insolvency of corporate debtors, says Supreme Court
The Supreme Court on Monday held that the NCLT has jurisdiction to adjudicate disputes, which arises solely or relates to the insolvency of a corporate debtor.
 "NCLT can rule only on insolvency of corporate debtors, says Supreme Court")
Jet Airways cannot claim historical right on airport slots: Govt to NCLT
The ministry and the civil aviation regulator have said the government will consider the airline's request for slots as per existing policy
 "Jet Airways cannot claim historical right on airport slots: Govt to NCLT")
Big bets on PLI schemes to find pot of gold at the end of the rainbow
The govt is going all out to push its ambitious production-linked investment scheme to help Indian manufacturing scale up and make India an export hub
 "Big bets on PLI schemes to find pot of gold at the end of the rainbow")
India's retail sector to add 25 million new jobs by FY30, says report
In a survey of over 360 retail stakeholders, 79% of the respondents said that technology will play a pivotal role in Indian retail growth
 "India's retail sector to add 25 million new jobs by FY30, says report")
VS Parthasarathy resigns from Mahindra Group, to pursue personal interests
He was spearheading the newly formed Mobility Services Sector (MSS), a growth driver and incubation platform for future investments by the Mahindra group in technology-driven mobility companies
 "VS Parthasarathy resigns from Mahindra Group, to pursue personal interests")
Meet Sanjeev Gupta, businessman and executive chairman of GFG Alliance
In November 2016, Gupta had started exclusive talks with Tata Steel UK for the acquisition of its speciality steels business based in West Yorkshire and China
 "Meet Sanjeev Gupta, businessman and executive chairman of GFG Alliance")
Financial stress may delay Liberty Steel's project expansion plans in India
Media reports said near-collapse of Gupta Family Group Alliance's biggest lender has completely choked off the key source of funding
 "Financial stress may delay Liberty Steel's project expansion plans in India")
Arbitrator provides no relief to ZO Rooms in ownership dispute: OYO parent
The firm has said it will 'vehemently oppose' any move to make it execute the definitive agreement for its disputed acquisition of Zostel Hospitality
 "Arbitrator provides no relief to ZO Rooms in ownership dispute: OYO parent")
Air India privatisation: Employee consortium, Pawan Ruia out of race
Tata Sons now only firm in the fray for distressed national carrier
 "Air India privatisation: Employee consortium, Pawan Ruia out of race")
Adani Green Energy arm commissions 100-MW wind power plant in Gujarat
Adani Green Energy on Monday said its arm Adani Wind Energy Kutch Three Limited (AWEKTL) has commissioned a 100 megawatt (MW) wind power plant located at Kutch, in Gujarat
 "Adani Green Energy arm commissions 100-MW wind power plant in Gujarat")
Godrej Properties' shareholders approve raising up to Rs 3,750 cr
Realty firm Godrej Properties on Monday said the company's shareholders have approved the company's proposal to raise up to Rs 3,750 crore through issue of securities.
 "Godrej Properties' shareholders approve raising up to Rs 3,750 cr")
Max Financial Services promoter sells shares worth Rs 85 cr via open market
Through a separate transaction, the shares were bought by New York Life Insurance Company at the same price
 "Max Financial Services promoter sells shares worth Rs 85 cr via open market")
Sykes sets up new centre in Hyderabad, to hire 750-800 people in 12 months
Located in the Kokapet area, the new workspace of close to 44,000 sq ft is the sixth site for the company in the country, a statement said
 "Sykes sets up new centre in Hyderabad, to hire 750-800 people in 12 months")