Page 2803 - Company News

IRFC's Rs 4,600 cr IPO may launch this month; 1st by any public sector NBFC

Indian Railway Finance Corporation initial public offering of about Rs 4,600 crore may hit the markets later this month, a first by a non-banking financial company in the public sector

Approval from IRDAI on Axis Bank stake hike expected by March: Max Life CEO

Earlier in October, the Reserve Bank of India (RBI) did not approve Axis Bank''s proposal to raise its stake up to 29 per cent but scaled it down to an aggregate of 19.02% with the subsidiaries

India Inc borrowings from foreign markets down 41% to $2.03 billion in Oct

No amount was raised by way of rupee-denominated bonds (RDBs) or masala bonds during the month under reporting in 2020 and 2019

Discoms' outstanding dues to power gencos up 29% to Rs 1.38 trn in Oct

Distribution companies (discoms) owed a total of Rs 1,06,734 crore to power generation firms in October 2019

HC stays trial court order to Religare ex-CMD to surrender in two days

The high court also issued notice to the Enforcement Directorate (ED) and sought its stand on the appeal by December 17

Maruti Suzuki's production in November rises 6% to over 1,50,000 units

The company had produced nearly 1,42,000 units in the same month last year.

UltraTech Cement shares close with over 4% gain on investment plan

The country's largest cement maker on Thursday announced a Rs 5,477-crore investment to add 12.8 million tonnes (MT) capacity

NCLT Mumbai approves RIL arm's resolution plan for Reliance Infratel

Reliance Communications'' telecom infrastructure arm Reliance Infratel has around 43,000 towers and 1,72,000 route kilometres of fiber

H&M beats rival Zara; diversifies its portfolio, presence in India

The brand had a wider presence and gathered enough attention of local consumers to become a household name.

Flipkart unveils 2GUD Local to connect offline retailers with customers

The new format will offer offline stores, brands an opportunity to unlock benefits of technology and social commerce hybrid retail model to reach millions consumers

Flipkart extends work from home for its 12,000 employees till May end

Employees can take 'unlimited bereavement leaves' in case of loss of a family member; teams that have been attending office on a roster basis will continue to do so

Ikea to launch its second physical store in India at Navi Mumbai on Dec 18

After first store in Hyderabad in 2018, firm took online route with e-stores in Mumbai, Hyderabad and Pune. Latest launch indicates it will pursue its big-box retail plans in India

Pixxel to launch remote-sensing satellite on Isro rocket in early 2021

With India allowing private companies to operate within the premises of Isro, this is expected to create huge opportunities for the country's fledgling aerospace start-ups

63 Moons Technologies to challenge Sebi order in STP services case

Generally, financial firms use STP to pass information electronically in order to optimise the speed at which they process transactions

Truck segment recovery across markets could sustain Bharat Forge's rally

Rebound in oil and gas vertical, passenger vehicle volume growth are other triggers

Edtech firm Educational Initiatives looks to achieve steady growth

Unlike its rivals, the firm's approach has been to keep its head down and stick to the knitting.

Execution issues, margin pressure to cap Mindtree's gains from new strategy

Valuations too leave little upside from current levels

NBFCs: Tighter regulations, cost of funds to determine future path

RBI has proposed scale-based regulatory approach as the way forward for non-bank lenders

ONGC Videsh makes fourth commercial oil find in its Colombian block

OVL is the operator in the block with a 70 per cent stake, along with its partner Geopark

DCGI reassures all protocols being followed in Serum's clinical trials

The ethics committee has seven members, including a chairperson who has to be from outside the institution where the trial is being conducted.