Page 2819 - Company News

Madras HC tells DBS Bank to create reserve fund for LVB shareholders

The court also asked DBIL to give an undertaking that the bank would give cash compensation to the shareholders of LVB if it was asked to do so.

Unified tariff to raise input cost 5-6% but no huge impact on consumer: IGL

Hike in retail price will be marginal as transportation tariff for national pipelines makes up only an eighth of the final consumer price

JSW Steel set to acquire land for 13 mn tonne steel plant in Odisha

Domestic steel major JSW Steel is in the process of acquiring land at Jagatsinghpur in Odisha where it has proposed to set up a 13.2 MTPA greenfield steel plant, a top company official said

Finmin asks PSU general insurers to cut flab, prune branch numbers: Sources

The finance ministry asked public sector general insurance firms, especially National Insurance, Oriental Insurance and United India Insurance, to rationalise branches and cut down avoidable expenses

Can improve DHFL offer, forfeit deposit of those against recoveries: Adani

Piramal quoted Rs 23,500 crore only for the retail portfolio of DHFL while Hong Kong-based SC Lowy bid Rs 2,350 crore for SRA

Firms raise Rs 25K cr via IPOs in 2020 so far; next yr to be equally strong

In 2020 so far, close to Rs 25,000 crore has already been raised through IPOs and the figure could rise further as Burger King's Rs 810-crore initial share-sale is schedule to open on December 2

IndiGrid inks pact to acquire 74% stake in Parbati Koldam from Reliance Infra

India Grid Trust on Saturday said that it has inked an agreement to acquire 74 per cent stake in Parbati Koldam Transmission Company from Reliance Infrastructure

Dr Reddy's to acquire select brands from Glenmark in Russia, Ukraine

Dr Reddy's Laboratories on Saturday said it had inked a pact with Glenmark Pharmaceuticals to acquire its select anti-allergy brands in Russia, Ukraine, Kazakhstan and Uzbekistan

French giant Amundi threatens to divest SBI bonds over Adani coal mine loan

The Adani Carmichael project has been opposed by climate activists due to the issue of carbon emissions.

Cox & Kings money laundering case: ED detects fund diversion of Rs 7,000 cr

An earlier estimation from ED stood at about Rs 5,500 crore

Baba Ramdev on board of Ruchi Soya; brother Ram Bharat to be MD

Ruchi Soya Industries Ltd in a notice to shareholders sought approval for appointment of Ram Bharat, 41, as the managing director of the company.

Max Financial gets Irdai nod for share swap agreement with Mitsui Sumitomo

Irdai's approval takes Max Financial Services one step closer to the consummation of its deal with private lender Axis Bank

Uber, Ola surge price capped; 10-hour break must for taxi drivers

Firms face penalties, including loss of licence, for violation of govt guidelines

FMCG, pharmaceutical segments to drive sales of packaging companies

Larger players such as Blackstone-owned EPL are expected to gain from the ongoing consolidation

SBI draws from Binani Cement deal, backs another bidding round for DHFL

Lender has the highest exposure to the bankrupt firm, want to maximise asset's value

Introspect reasons for low market valuation: DIPAM secy to state-owned cos

Tuhin Kumar Pandey urges CPSEs to constantly engage with investors in a bid to yield better share prices

Hetero Labs to manufacture 100 mn doses of Sputnik V vaccine for India

Requests for more than 1.2 billion doses of Sputnik V vaccine came from more than 50 countries, RDIF claimed

Resilience, doing more with less helped us during Covid-19: BigBasket CEO

BigBasket co-founder and CEO Hari Menon said the company hired over 12,000 persons in 16 days to meet the surge in demand

Divi's Labs: New capex, margin expansion to support earnings growth

Brokerages expect the company's net profits to grow by 30 per cent annually over FY20-23

DGCA set to remove restrictions on Pratt&Whitney powered A320 Neo aircraft

Due to restrictions, IndiGo & Go Air were forced to use older A320 CEO aircraft, which consume more fuel