Page 2771 - Company News
DHFL bid: CARE Ratings subsidiary on Sebi radar over Oaktree's bonds
The markets regulator found it was a subsidiary of CARE which had rated the Oaktree acquisition proposal, not the bonds
 "DHFL bid: CARE Ratings subsidiary on Sebi radar over Oaktree's bonds")
Toyota Kirloskar Motor lifts lock-out at Karnataka plant after 2 months
The employees' union, however, claims that of 3,500 workers, only 300 have rejoined while rest continue to protest
 "Toyota Kirloskar Motor lifts lock-out at Karnataka plant after 2 months")
About 60% restoration work done at Wistron unit: Karnataka labour minister
Says priority is to restart plant within 2-3 weeks, make sure all workers get back to work. Confirms all staff dues have been cleared by company
 "About 60% restoration work done at Wistron unit: Karnataka labour minister")
Improving business outlook propels Tata Motors stock to 27-month high
Sequential rise in JLR, India truck sales have led to over 30% gains in just eight trading sessions
 "Improving business outlook propels Tata Motors stock to 27-month high")
Bharti Airtel initiates process to revise foreign investment limit to 100%
Higher foreign investment limit can lead to an increase in Airtel's weight in the global indices, say analysts
 "Bharti Airtel initiates process to revise foreign investment limit to 100%")
Tata Elxsi net profit up 39.5% at Rs 105.2 crore in Dec quarter
Tata Elxsi on Tuesday said its net profit has increased 39.5 per cent to Rs 105.2 crore for the December 2020 quarter.
 "Tata Elxsi net profit up 39.5% at Rs 105.2 crore in Dec quarter")
Ecom Express expands to Bangladesh, invests Rs 80.6 cr in Paperfly
Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics (3PL) firm, Paperfly.
 "Ecom Express expands to Bangladesh, invests Rs 80.6 cr in Paperfly")
Tesla registers in India, names 3 directors with Bengaluru as office
Tesla Motors India and Energy Private Limited was incorporated on Jan. 8 with its registered office in the southern city of Bengaluru, a hub for several global technology companies
 "Tesla registers in India, names 3 directors with Bengaluru as office")
Tech Mahindra to acquire Payments Technology Services for Rs 66 cr
The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said
 "Tech Mahindra to acquire Payments Technology Services for Rs 66 cr")
Serial regulatory changes slow down PhonePe progress ahead of IPO
The Walmart-owned digital wallet has to grapple with regulatory changes restricting its expansion that coincide with its IPO plans in 2023
 "Serial regulatory changes slow down PhonePe progress ahead of IPO")
Lalit Jalan, ex-CEO of Reliance Infra, joins as 3Lines India Chairman
The four-year-old firm based out of Denver, Colorado, invests in AI-enabled and disruptive software technology-based startup companies
 "Lalit Jalan, ex-CEO of Reliance Infra, joins as 3Lines India Chairman")
Private equity firm Stakeboat Capital floats fund for raising Rs 1,000 cr
Fund-II will remain focused on investing in growth equity in SMEs in the form of control and buyout transactions, the Bengaluru-based company said in a statement
 "Private equity firm Stakeboat Capital floats fund for raising Rs 1,000 cr")
SJVN board approves plan to raise up to Rs 2,000 cr via bonds, debentures
The funds will actually be raised from time to time with the approval of a competent authority as per the powers delegated in this regard by the company's board
 "SJVN board approves plan to raise up to Rs 2,000 cr via bonds, debentures")
IT major TCS to acquire General Electric's stake in TCS Saudi Arabia
IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE's stake in Tata Consultancy Services Saudi Arabia for $12,471
 "IT major TCS to acquire General Electric's stake in TCS Saudi Arabia")
Cube Highways replaces Lanco in 80-km Nelamangala-Devihalli highway project
Set up a new SPV pursuant to the substitution rights of the senior lenders in the concession agreement
 "Cube Highways replaces Lanco in 80-km Nelamangala-Devihalli highway project")
Two BSES discoms pay Rs 400 cr in dues to NTPC-owned Aravali Power
Last week, NTPC served notices to six states and two Union Territories for non-payment of dues, saying it would shut off or restrict power supply if the discoms failed to clear their dues
 "Two BSES discoms pay Rs 400 cr in dues to NTPC-owned Aravali Power")
Top headlines: Budget 2021, WhatsApp pay, purchase of vaccine, and more
Here are the top business headlines on Friday
 "Top headlines: Budget 2021, WhatsApp pay, purchase of vaccine, and more")
Bank Investment Company may be approved in upcoming Budget, finally
A key question is how the BIC is to be funded. To start with, it may have to be a wholly-owned government entity
 "Bank Investment Company may be approved in upcoming Budget, finally")
L&T Infotech, IBM to establish innovation centre in Bengaluru
Digital solutions major Larsen & Toubro Infotech (LTI) is expanding its multi-year global alliance with IBM to help businesses transform their operations through hybrid cloud adoption
 "L&T Infotech, IBM to establish innovation centre in Bengaluru")
Budget should reduce income tax rates, invest in infrastructure: CEOs to FM
The Budget will be presented in the backdrop of a revival of the economy and expectations of good corporate earnings in the December quarter
 "Budget should reduce income tax rates, invest in infrastructure: CEOs to FM")