Page 2938 - Company News

Delhi and Mumbai slide in ARPU ranking, Kerala remains No. 1: Trai data

Reverse migration of labour led to a fall in ARPUs in the metros

Vanguard Group buys Deepak Nitrite shares worth Rs 101 cr at Rs 839 a share

Shares of Deepak Nitrite on Monday closed 4.61 per cent lower at Rs 814.5 on the NSE

Reliance Capital lenders appoint SBI Caps, JM Financial to sell assets

Move follows default on debt to debenture holders who form 99% of the firm's liability

Fitch takes ratings action on four NBFCs amid Covid-19 challenges

The companies' long-term IDRs were placed on RWN in March this year, as Fitch expected the pandemic to present further macroeconomic

BSNL raises Rs 8,500 cr via sovereign bonds; to sell assets worth Rs 18k cr

The bonds have been issued at a coupon rate of 6.79 per cent per annum for a 10-year period

JSPL stock sheds 12% as Deutsche Bank files Suspicious Activity Reports

JSPL sent a total of $4.85 million in 2015 and a sum of $12.83 million in 2016

Skoda committed to India market, relooking at diesel for bigger vehicles

VW-owned brand to launch three cars in 2021

At up to 50%, cars in India suffer among the highest tax rates globally

Cars and two-wheelers attract 28% GST and a cess in the range of 3-22%, taking the effective tax rate to up to 50%

Gaming start-up Mobile Premier League raises $90 mn, valuation triples

MPL whose brand ambassador is Indian Cricket Captain Virat Kohli raised the funds in Series C round led by SIG and RTP Global, along with MDI Ventures and Pegasus Tech Ventures

Lodha appeal against HC order to lean on extent of Priyamvada Birla estate

As per Lodha, the estate is defined the assets prepared by jt administrators and produced in court. That makes the estate a minority shareholder in all four mfg firms within larger promoter group

Online insurer Policybazaar eyes IPO on Nasdaq by next September

The LS had on Saturday passed the Companies (Amendment) Bill, 2020 amending the Companies Act which seeks to allow certain public companies to list certain types of securities in foreign jurisdictions

Amazon's buying spree for used planes makes green pledge harder to keep

Amazon has been among the biggest lessors of converted Boeing Co. 767s in the last five years as demand for online shopping has soared-more so since Covid-19 struck

Telecom firm BSNL raises Rs 8,500 crore through sovereign bonds

BSNL received total 229 bids valued at Rs 17,183 crore

L&T starts commissioning of 99 MW Singoli-Bhatwari hydel project

The wet commissioning process starts with machine spinning of the turbines initially without generation of electricity

Over 16.34 bn digital transactions registered in April-Aug: Sanjay Dhotre

Digital payments have increased in the country during the last three years from 2,071 crore digital transactions in FY2017-18 to 3,134 crore in FY2018-19, and further to 4,572 crore in FY2019-20

Cement demand expected to decline by 10-15% in Q2 2020: India Ratings

Rural demand will continue to outperform urban demand and companies having higher individual home builder exposure will remain better placed

Penetration of EVs to remain low in medium-term in PVs, CVs: ICRA

ICRA said modality of vehicle financing in a battery-swappable model, where core battery is owned/leased by a third party and financiers only have control over residual vehicle, is another challenge

Indian steelmakers turn net exporters to China in April-Aug: Crisil

Crude steel production fell a lower 27 percent on-year despite a massive 38 percent decline in domestic demand between April and August

IT firms must focus on problem recognition and solution mindset: Murthy

Murthy said Indian IT companies will continue to grow anywhere between 7 to 10 per cent with operating margins being between 15 and 20 per cent

Telcos must pay 10% AGR dues by Mar 31 irrespective of payment made: Report

Operational telecom operators are expected to pay Rs 12,921 crore by March 31, of which close to 80 per cent has to be paid by Vodafone Idea and Bharti Airtel