Page 2789 - Company News

Recovery in core portfolio, international biz boost Marico's share price

The stock touched Rs 420.50 this month, and is currently around Rs 405 levels

Dish TV may have to pay over Rs 185 crore in past dues: Sources

Their total dues and debt in the firm will now go up to Rs 2,500 crore, leaving them with no option but to raise liquidity, according to sources

DHFL's sale poses legal hurdle for Oaktree due to insurance JV stake

Insurance sale before DHFL sale would have eliminated regulatory uncertainty, say lawyers

India loses Cairn case in arbitration; asked to pay Rs 8,842 cr in damages

This is the second setback for Indian government related to retrospective taxation after it lost the arbitration case against Vodafone three months ago

State undertakings may add 5,000 vehicles, revive demand for buses in Q4

Lockdown factors such as temporary shutting of schools, WFH, and cash crunch for transport undertakings have hit the buses segment substantially

Charter biz gets Christmas boost as flyers prioritise safety and hygiene

While chartered flights were earlier being used for business and repatriating of stranded Indians and foreigners, the leisure segment picked up with the opening up of tourist destinations

Despite Covid-19, M&A and PE deal value rose by 7% to $80 billion in 2020

Around 25 per cent of this deal value could be attributed to sizable inbound investments in Jio Platforms.

Wipro: Aggressive deal wins, internal changes boost investor sentiment

Analysts estimate the company's revenue to grow 8 per cent in 2021-22, the highest since 2015-16

Airtel continues to add users in October even as Vi continues to lose

Airtel tops with 3.8 million new subscribers to take base to 330.29 million, Jio adds 2.2 million; Vi lets go of 2.7 million

Gush of institutional funds into banking stocks likely to taper

Rerating cycle may have neared its end as much of the positives are well-priced in

IndiGo recovering from Covid-19 induced aviation 'carnage' and may rehire

IndiGo, which has some 730 Airbus SE A320neo planes on order, laid off about 10% of its workforce due to the pandemic-driven slowdown

CFO Optimism Index at all-time low for Oct-Dec quarter: D&B report

The confidence level of chief financial officers over the overall financial and macro-economic conditions in the country reached an all-time low for the October-December quarter, says a report.

Vedanta promoters to raise stake by 5% in Indian arm via block deals

Stake hike comes after Vedanta Resources, the company's promoter, had failed to delist Vedanta Ltd in October as it did not get bids for a sufficient quantity of shares

Cairn verdict may push govt to appeal Vodafone order, say officials

India had got 90 days' to challenge the Vodafone award before a court in Singapore - which was the seat of arbitration

Canada's Brookfield in final talks to buy assets of Bharti Realty in NCR

Bharti Realty's properties in the three WorldMark towers in Delhi Aerocity and another in Gurugram are part of the deal

'Outstanding at what she does': India-born rakes in billions for JPMorgan

Advising companies on M&A is one of the prestige roles in investment banking, generating both huge fees and headlines when a deal comes together

Backed by Shell, LogisticsNow ready to improve road transportation biz

The focus of 'LoRRI Benchmark' on the full truckload (FTL) is mainly because 70-80 percent of the total road transport industry in terms of value is FTL, informed Saxena

TTK Prestige eyes 15-18% growth, aims to double capacity by FY21-end

The company says demand across categories is robust, many of its stores are out of stock and that the firm able to meet neither domestic nor export requirements

Paytm revenue up 1.4% to Rs 3,629 cr; losses decrease 30% to Rs 2,942 cr

The company's total expenses for the fiscal were reported as Rs 6,226 crore on a consolidated basis

SucSEED Indovation announces first closure of maiden Rs 100 cr fund

Indovation Fund has identified three startups Stargate, Auris, and Freestand for investment and has signed term sheets