Page 2775 - Company News

Sale of 21 MTNL land assets hits roadblock as DoT refuses to give up funds

DoT unwilling to part with the funds garnered, as mandated by DDA

It's raining billionaires in India's pharma and health care space

Created 7 billionaires in 2020; now 17 super-rich promoters in the sector with combined wealth of Rs 4.35 trillion

Prepack insolvency resolution: Swiss Challenge options, IBC tweaks on cards

The prepack is to start with a base resolution plan (BRP), which will face a Swiss Challenge; and this should come from the promoters if they are eligible and interested

Bajaj Finance: Q3 show suggests strong comeback, company remains cautious

Festive season demand has lifted new customer addition and loan growth closer to pre-pandemic levels

New draft law on minimum age a potential headwind for cigarette makers

Analysts view the development as negative for ITC, Godfrey Phillips and VST Inds

Ind-Ra upgrades Eveready's long-term credit ratings, outlook positive

Rating agency says upgrade reflects improvement in firm's financial profile and liquidity in 1HFY21, which was continuing in 2HFY21 backed by better profitability

AM/NS mulls steel plant in Odisha seven years after ArcelorMittal pull out

Plant capacity pegged at 12 mn tonnes, firm plans state-of-the-art of rail mill, hot strip mill, value-added long and flat product capacities in the state

Nithia Capital, CarVal Investors complete purchase of two Uttam Group firms

Total consideration Rs 2,000 cr; companies were on RBI's second list of NPAs mandated for resolution under IBC

Beauty start-up Nykaa listing likely this year at $3-bn value: Report

Deliberations are ongoing and details of the offering including the size and timeline could change

CV wholesales in December outperformed in both, M&HCV and LCV segments

Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level

Inbound mergers and acquisitions fall 7% to $73.6 billion in 2020: Report

The overall inbound M&As failed to notch up the 2019 tally

Karan Bajwa promoted to lead Google Cloud in Asia Pacific region

Google competes with global rivals, such as Amazon Web Services, Microsoft, and Alibaba, to dominate cloud computing services

L&T construction arm is lowest bidder for Uttarakhand railway project

The Rs 3,338 crore order is a contract from Rail Vikas Nigam for package-4 of a new broad-gauge line between Rishikesh and Karnaprayag

Future-RIL deal: Next phase of Bezos-Biyani battle to begin in Singapore

Singaporean barrister Michael Hwang joins three-member arbitration tribunal at SIAC, which is looking into the dispute over Future Group's $3.4 bn deal with Reliance Industries

Amazon was aware of talks with RIL for sale of retail assets: Biyani

Future Group Founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group's talks with Reliance Industries for the sale of retail assets

Genpact acquires data analytics firm Enquero for an undisclosed amount

Enquero CEO Arvinder Pal Singh will continue to lead the business, which will be rebranded Enquero, a Genpact company, and all Enquero employees will join Genpact

Hero Future Energies appoints Srivatsan Iyer as the new global CEO

Iyer will replace Sunil Jain, who has been with HFE since its inception in 2012 and will retire this month

Larsen & Toubro lowest bidder for Rishikesh-Karnaprayag railway project

The firm is set to bag a Rs 3000 crore contract

Videocon lenders, 12 other group companies to meet on Tuesday under IRP

The lenders of debt-ridden Videocon Industries and 12 other group companies will meet on Tuesday under the insolvency resolution process (IRP)

Tech Mahindra partners with College of Military Engg for defence solutions

Tech Mahindra said its R&D arm, Makers Lab, has collaborated with the College of Military Engineering (CME), Pune to address challenges in the field of defence through technological innovations