Page 2878 - Company News
Edelweiss raises Rs 6,600 cr AIF, plans to raise $1 bn fund for realty
The arm is looking to raise an alternative investment fund (AIF) of over USD 1 billion next year to invest in realty assets.
 "Edelweiss raises Rs 6,600 cr AIF, plans to raise $1 bn fund for realty")
Inox Wind bags 40 MW orders from retail customers across various industries
The projects will be executed on a turnkey basis across locations in Gujarat and Karnataka
 "Inox Wind bags 40 MW orders from retail customers across various industries")
Centre asks at least eight state-run companies to consider buybacks: Report
"Buyback is an important tool in our strategy and it helps in building market price," the second source, who also spoke on condition of anonymity, said
 "Centre asks at least eight state-run companies to consider buybacks: Report")
Will the IPO everyone is waiting for come this year? Find out LIC 'plans'
In this podcast, Business Standard's Shrimi Choudhary discusses what has been done so far in the LIC IPO, what needs to be done to be on track and about the complexities surround the listing
 "Will the IPO everyone is waiting for come this year? Find out LIC 'plans'")
HUL Q2 preview: Revenue may rise up to 19% YoY on GSK Consumer acquisition
Recovery in rural business, pricing actions, and new launches will be the key monitorables.
 "HUL Q2 preview: Revenue may rise up to 19% YoY on GSK Consumer acquisition")
Coworking player Simpliwork takes 250,000 sq ft leased office space in Pune
Company has delivered 1.2 mn sq ft to clients so far post Covid
 "Coworking player Simpliwork takes 250,000 sq ft leased office space in Pune")
Why Super apps have become flavour of the season for corporate India
While Tata, Reliance and Paytm have elaborate plans including global tie-ups, a host of start-ups are eyeing these platforms to expand their customer bases
 "Why Super apps have become flavour of the season for corporate India")
Jet revival: Businessman Murari Lal Jalan's journey from paper to planes
Kalrock Capital-Murari Lal Jalan consortium was selected by committee of creditors in a voting process which concluded on Saturday
 "Jet revival: Businessman Murari Lal Jalan's journey from paper to planes")
Auto firms kick-start Navratri with higher deliveries than last year
Number could have been higher had it not been a Saturday, say dealers. Last day of the week seen as inauspicious by many and people tend to avoid buying items made of iron
 "Auto firms kick-start Navratri with higher deliveries than last year")
DMart sales recover from June lows though volumes remain sub-par
Sales of general merchandise, competitive pressures in the festive season key for Q3 margins
 "DMart sales recover from June lows though volumes remain sub-par")
Amazon.in covers 98% pin codes in biggest first 48 hrs of shopping festival
Largest number of new customers shop first time on platform, 91% from smaller cities. Total iPhones sold in a day were more than iPhones sold in entire festive sale period last year
 "Amazon.in covers 98% pin codes in biggest first 48 hrs of shopping festival")
70 sellers turn crorepatis in first 3 days of Flipkart's Big Billion Days
More than 300,000 sellers, 60% from tier-2 and beyond, enabled shopping to customers in first three days of Flipkart's 'Big Billion Days' festive sale.
 "70 sellers turn crorepatis in first 3 days of Flipkart's Big Billion Days")
India set to lose Farzad-B gas field as Iran looks at domestic firms
OVL and its partners had offered to invest up to $11 billion for development of the discovery, which was later named Farzad-B
 "India set to lose Farzad-B gas field as Iran looks at domestic firms")
Kalrock to pilot Jet Airways take-off with Rs 1,000-crore investment
While Jet has admitted claims of over Rs 15,000 crore, the resolution plan consists of Rs 866 crore in upfront and deferred payment to creditors
 "Kalrock to pilot Jet Airways take-off with Rs 1,000-crore investment")
Tata Teleservices revival on the cards for new tech-powered SuperApp
The Tata SuperApp is expected to bring all the group's products as well as services under one platform and enable sales to consumers directly
 "Tata Teleservices revival on the cards for new tech-powered SuperApp")
DMart shuts two Mumbai stores to take on Reliance in e-commerce space
Converts outlets into online fulfillment centres; experts say firm had been quietly stitching up a strategy to boost e-commerce operations, push its value proposition aggressively among consumers
 "DMart shuts two Mumbai stores to take on Reliance in e-commerce space")
Light at the end of the tunnel: Jet Airways staff after nod to revival plan
The airline's employees have admitted claims of Rs 1,265 crore
 "Light at the end of the tunnel: Jet Airways staff after nod to revival plan")
FMCGs shore up trade margins, consumer promotions ahead of festive season
Margins not impacted significantly even as firms offer everything from price-offs and grammage increase to buy-one-get-one free schemes, combo packs
 "FMCGs shore up trade margins, consumer promotions ahead of festive season")
Adani, Piramal, Oaktree and SC Lowy submit bids for troubled DHFL
Oaktree bids for entire company, Piramal for retail loan book
 "Adani, Piramal, Oaktree and SC Lowy submit bids for troubled DHFL")
Hard hit by coronavirus crisis, airlines push for tests over quarantines
International air traffic is down 92 per cent this year as travelers worry about catching COVID-19 and government travel bans and quarantine rules make planning difficult
 "Hard hit by coronavirus crisis, airlines push for tests over quarantines")