Page 2747 - Company News

NCLT begins insolvency proceedings against The Pioneer group firm

Interim resolution professional appointed; public notice issued

Oil refiners on the margin amid rising crude prices, muted demand

Indian majors have to balance between rising crude prices, muted demand and heavy central and state levies on retail prices

JSW Steel approaches auto companies for a hike in contract prices

Steel maker's move comes in the wake of widening gap between spot and contract prices, with major surge post October

Decoded: Stopping Future's asset sale to Reliance may not be easy

In its petition, Amazon is said to have sought imprisonment of Future group promoters including Kishore Biyani for alleged violation of securities market rules

Serum Institute looking at bilateral deals to supply Covishield vaccine

To raise manufacturing capacity by 30% over next 2 months from present 2.4 mn doses

JC Flowers, Eight Capital to launch fund to invest in distressed assets

The JCF Fund will be set up as an umbrella variable capital company (VCC) in Singapore to aggregate contributions of international investors for investment in distressed companies in India

Blackstone-backed Aadhar Housing Finance files papers for $1 billion IPO

Aadhar Housing Finance will use proceeds from the fresh issue to boost its capital base.

SoftBank-backed Grofers eyes Rs 10,000 cr GMV by March on heavy GOBD sales

The Gurugram-based firm is expecting its GMV to touch around Rs 30,000 crore by 2022 as the coronavirus pandemic has accelerated the shift towards online grocery

Robust launches to sustain growth momentum for Oberoi Realty in near term

The company registered record Q3 sales bookings

Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc

Local sourcing of components and state monitoring keep firms away from production-linked incentives

Sustained growth In fast moving electronics, higher B2C mix to aid Polycab

Despite the correction on Monday, analysts are positive on the stock given multiple triggers

HSBC inaugurates international banking unit at GIFT City in Gujarat

Global financial services major HSBC on Tuesday inaugurated its International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat.

Tata Motors unveils new SUV Safari, bookings to open next month

Tata Motors on Tuesday unveiled its upcoming flagship SUV Safari and is set to commence bookings for the model from the next month.

Indian startups attract $10.14 bn in funding in 2020, says report

Indian startups are estimated to have received USD 10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said.

State-owned GAIL plans to launch pipeline InvIT before company split

State-owned gas utility GAIL (India) Ltd plans to launch an InvIT of its two gas pipelines between Dahej and Bengaluru

S&P upgrades outlook on Vedanta Resources from 'negative' to 'stable'

Strong operating momentum and sizable free cash flow generation at Vedanta Ltd also improve liquidity at the holding company level

Investors bet big on Adani Green, but risk-reward outlook is open question

Share of AGEL, which is into solar and wind power, jumped over six times in 2020 versus a gain of 10% for the NSE's Nifty 100 Index - the first and only green energy company to do so in India

Amazon asks Delhi High Court to detain Future Group founder, others

Petition also talks about seizure of assets for violating an arbitration court's order to temporarily halt Future Group's $3.4-bn deal with RIL

UCO Bank logs net profit at Rs 35 cr in Q3, stock closes 1.55% higher

Its gross non-performing Assets declined to 9.8 per cent in December 2020 from 19.45 per cent a year ago.

Sustained volume gains at McDonald's a key trigger for Westlife stock

Margins could improve further on operating leverage and cost optimisation