Page 2826 - Company News
Explained: What justified the delisting of Lakshmi Vilas Bank's shares
At Rs 8 a share, LVB stock price has almost halved since the merger announcement
 "Explained: What justified the delisting of Lakshmi Vilas Bank's shares")
Templeton moves SC against HC order on investor nod for scheme closure
Karnataka HC had said investors can receive money from cash-rich schemes if trustees' decision to wind up the schemes is held valid, but stayed its judgment for six weeks
 "Templeton moves SC against HC order on investor nod for scheme closure")
Negative real rates could drive investors towards high-yield stocks
The list of stocks with high yield is dominated by PSEs: Coal India currently offers a maximum yield of 9.8%, Hindustan Zinc 7.4%, ONGC 6.9% and GAIL India 6.8%
 "Negative real rates could drive investors towards high-yield stocks")
Buying jewel in the crown: BPCL a revenue churner, not a drain on finances
Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition
 "Buying jewel in the crown: BPCL a revenue churner, not a drain on finances")
Lavasa may go for liquidation: Lenders didn't get even Rs 5-cr upfront cash
Originally set up by HCC in 2000, Lavasa was developed as a picturesque hill station near Pune.
 "Lavasa may go for liquidation: Lenders didn't get even Rs 5-cr upfront cash")
Emami keeps 'Fair And Handsome' for now, but with a noticeable tweak
Proposition for the men's grooming products has been changed from 'fairness' to 'radiance', relaunch comes months after Emami locked horns with HUL over the use of 'Glow & Handsome' brand name
 "Emami keeps 'Fair And Handsome' for now, but with a noticeable tweak")
Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's
The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business.
 "Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's")
Adani Ports ranks 14th on global transportation in Dow Jones EM index
APSEZ is the only Indian company to have been included in this sector in one of the most sought-after sustainability indices in the world
 "Adani Ports ranks 14th on global transportation in Dow Jones EM index")
Apollo Tyres lines up capital expenditure of Rs 2,600 cr for FY21, FY22
The company said that the demand is good and it is bullish about Q3 & Q4
 "Apollo Tyres lines up capital expenditure of Rs 2,600 cr for FY21, FY22")
Delhi HC grants ad-interim injunction in WhiteHat Jr defamation suit
WhiteHat Jr had filed a Rs 20-crore lawsuit against Poonia, alleging infringement of trademarks, invasion of privacy, and defamation
 "Delhi HC grants ad-interim injunction in WhiteHat Jr defamation suit")
Serum Institute, Bharat Biotech gear up to export Covid-19 vaccine shots
Serum, Bharat Biotech in talks with countries, agencies to supply vaccines
 "Serum Institute, Bharat Biotech gear up to export Covid-19 vaccine shots")
Consider paying a month's salary to terminated pilots, HC tells Air India
The Delhi High Court on Monday asked Air India to consider paying at least one month's salaryto its pilots, engaged on contractual basis, whose services were suspended in April and later terminated in August, saying that employees cannot be left to hang high and dry.
 "Consider paying a month's salary to terminated pilots, HC tells Air India")
Coal India plans to invest Rs 5,650 crore in solar power projects
Coal India (CIL) is mandated by the coal ministry to become a net zero carbon company.
 "Coal India plans to invest Rs 5,650 crore in solar power projects")
Govt may be waiting on Cairn case before appealing Vodafone award: Report
Retrospective tax to the tune of Rs 10,247 crore levied on UK's Cairn Energy Plc is in arbitration
 "Govt may be waiting on Cairn case before appealing Vodafone award: Report")
Urban Company gears up for IPO by 2023, hits 140% pre-covid business level
Backed by investors including Ratan Tata and Accel, the company plans to scale up its operations in Tier-II and -III cities of India in the next few years
 "Urban Company gears up for IPO by 2023, hits 140% pre-covid business level")
Delighted at AstraZeneca vaccine's effectiveness: Adar Poonawalla
Serum Institute of India CEO Adar Poonawalla expressed happiness at pharma major AstraZeneca's announcement that its COVID-19 vaccine candidate has been found to be 70 per cent effective on average.
 "Delighted at AstraZeneca vaccine's effectiveness: Adar Poonawalla")
AU Small Finance Bank sells 3.5 mn Aavas Financiers shares worth Rs 530 cr
According to bulk deal data available on the BSE, AU Small Finance Bank offloaded a total of 35,00,000 shares at an average price of Rs 1,515.16 per share. This values the deal at Rs 530.30 crore
 "AU Small Finance Bank sells 3.5 mn Aavas Financiers shares worth Rs 530 cr")
Coal India gets one-day strike notice from 4 trade unions for Nov 26
State-owned Coal India Ltd (CIL) on Monday said it has been served a one-day strike notice by four trade unions for November 26, 2020.
 "Coal India gets one-day strike notice from 4 trade unions for Nov 26")
EbixCash acquires AssureEdge Global to strengthen back office offerings
AssureEdge will be rebranded as EbixCash Global BPO services
 "EbixCash acquires AssureEdge Global to strengthen back office offerings")
India's top refiner buys most crude since Covid-19 outbreak: Report
Indian Oil Corp is the country's largest state refiner
 "India's top refiner buys most crude since Covid-19 outbreak: Report")