Page 2727 - Company News
SAIL spend on mines infructuous; laxity high in safety measures: CAG report
State-owned firm neither applied technical due diligence nor did techno-commercial study to assess viability before allotment of its two captive coal blocks, says report
 "SAIL spend on mines infructuous; laxity high in safety measures: CAG report")
Poor connection for Sun TV investors even as firm gets tougher on content
Persistent weakness in advertising revenue, challenging outlook may drag company's earnings
 "Poor connection for Sun TV investors even as firm gets tougher on content")
Weak US outlook in near term, higher costs to weigh on Torrent Pharma
While the stock has corrected, valuations leave little room for upside
 "Weak US outlook in near term, higher costs to weigh on Torrent Pharma")
Virescent floats first solar InvIT, places 400 Mw assets under pvt trust
InvIT to hold nine solar energy projects of 400 MWp in five states; definitive agreements signed for 76 MWp
 "Virescent floats first solar InvIT, places 400 Mw assets under pvt trust")
IndiGo Airlines operator InterGloble settles row with Sebi, pays Rs 2.1 cr
The matter pertains to alleged violation of disclosure norms pertaining to related party transactions between the company and IGE Group, controlled by co-founder Rahul Bhatia
 "IndiGo Airlines operator InterGloble settles row with Sebi, pays Rs 2.1 cr")
IndusInd Bank stock on the rise as demand for commercial vehicle recovers
The bank's stock price has more than doubled in six months, standing at Rs 1,026 a share
 "IndusInd Bank stock on the rise as demand for commercial vehicle recovers")
Kotak raises $380 mn in eleventh realty fund, total mop-up crosses $2.2 bn
Latest fund set up as AIF, will target early-stage and late-stage projects in residential, commercial, retail, warehousing and hospitality sectors
 "Kotak raises $380 mn in eleventh realty fund, total mop-up crosses $2.2 bn")
Airtel, Jio, Vodafone Idea queue up to participate in 4G spectrum auction
However, the reservation was more on the high price of 5G spectrum, which hasn't made the cut in the upcoming tender
 "Airtel, Jio, Vodafone Idea queue up to participate in 4G spectrum auction")
Explained: How India lost out on 5G network leadership opportunity
Over 140 operators in 63 countries already run commercial 5G services, according to the Global mobile Suppliers' Association
 "Explained: How India lost out on 5G network leadership opportunity")
Cairn Energy CEO Thomson to meet FM next week over arbitration award
Decision comes in the wake of Indian govt's plan to appeal against the award that went against it
 "Cairn Energy CEO Thomson to meet FM next week over arbitration award")
Cipla plans to double share from consumer health business in 5 years
Transitioning brands from prescription and trade generics to over-the-counter
 "Cipla plans to double share from consumer health business in 5 years")
Jio, Airtel, Vodafone Idea apply for participating in spectrum auction
Vodafone Idea needs to renew 6.2 MHz of spectrum in the 900 MHz band and 38.2 MHz in the 1800 MHz band
 "Jio, Airtel, Vodafone Idea apply for participating in spectrum auction")
Agnikul Cosmos fires a single-piece fully 3D printed rocket engine
This is a unique rocket engine because it has been made as a single component in one run of the printer, and has zero assembled parts
 "Agnikul Cosmos fires a single-piece fully 3D printed rocket engine")
IndiGo appoints Jiten Chopra as CFO after Aditya Pande resigns
Jiten Chopra joined IndiGo in February 2020 as head of governance, risk and compliance
Alphabet's VC arm backs OnePlus co-founder Carl Pei's 'Nothing' company
The funding would help 'Nothing' to release its first smart devices in the coming months.
 "Alphabet's VC arm backs OnePlus co-founder Carl Pei's 'Nothing' company")
iPhone maker Wistron to restart operations at Karnataka plant, says Apple
Taiwanese major to however remain on probation by Apple
 "iPhone maker Wistron to restart operations at Karnataka plant, says Apple")
PE firm Advent pares holding in CG Consumer, sold 6% stake in two tranches
Raises Rs 1,492 crore from deal; Societe Generale picks up 0.62% for Rs 153 crore, identity of other buyers not known
 "PE firm Advent pares holding in CG Consumer, sold 6% stake in two tranches")
Future Retail Q3 loss at Rs 846.92 cr, revenue down 71% to Rs 1,506.87 cr
Business operations were continued to be impacted by the pandemic during the quarter
 "Future Retail Q3 loss at Rs 846.92 cr, revenue down 71% to Rs 1,506.87 cr")
State-owned GAIL acquires IEX's 5% stake in Indian Gas Exchange
The Indian Energy Exchange (IEX) on Tuesday said GAIL (India) Ltd has acquired five per cent stake of the IEX in its arm Indian Gas Exchange (IGX)
 "State-owned GAIL acquires IEX's 5% stake in Indian Gas Exchange")
GAIL acquires 5% stake in IGX to become third strategic investor
Buys stake from Indian Energy Exchange (IEX)