Page 2941 - Company News
We aren't interested in spending outside the country: Jindal Steel MD
In a Q&A, V R Sharma says the Oman asset sale has helped ease the firm's balance sheet; the deal was part of a plan to prune the company's debt by about a third
 "We aren't interested in spending outside the country: Jindal Steel MD")
Pidilite Industries: Investors advised to wait for better entry point
Focus on increasing share of premium products and on high growth segments is positive for earnings
 "Pidilite Industries: Investors advised to wait for better entry point")
Gold Financiers: Investors advised to book profit on these stocks
Risks are similar to loan against property; both are dependent on pricing strength and demand of the underlying assets
 "Gold Financiers: Investors advised to book profit on these stocks")
Resolution applicants to come up with final offer for Jet early next week
Sources say bidders are seeking clarity from govt on the carrier's airport slots and traffic rights, which have been given to other carriers temporarily
 "Resolution applicants to come up with final offer for Jet early next week")
Air India to fetch better valuation if sold with zero debt, say bidders
Debt-free airline is a good opportunity to invest, say prospective buyers
 "Air India to fetch better valuation if sold with zero debt, say bidders")
Angel Broking to launch Rs 600-cr initial public offering next week
Angel Broking will be looking to ride the boom in broking industry seen this financial year
 "Angel Broking to launch Rs 600-cr initial public offering next week")
Covid-19 impact: AAI likely to slip into red for first time in FY21
However, Miniratna firm won't cut planned capex of Rs 5,000 cr for FY21
 "Covid-19 impact: AAI likely to slip into red for first time in FY21")
Amazon, Samara Capital invest Rs 275 cr in supermarket chain More's parent
Witzig has allotted a total of 193 million equity shares to the investors to raise this capital at a premium of Rs 4.28 per share and paid-up capital of Rs 10 per share
 "Amazon, Samara Capital invest Rs 275 cr in supermarket chain More's parent")
PGCIL didn't recover Rs 6,853 cr relinquishment charges from customers: CAG
The CAG observed that total 26,836 MW of LTA were surrendered by the customers from September 2010 to March 2018
 "PGCIL didn't recover Rs 6,853 cr relinquishment charges from customers: CAG")
Chemcon Speciality Chemicals garners over Rs 95 cr from anchor investors
Chemcon Speciality Chemicals Ltd on Friday raised over Rs 95 crore from anchor investors ahead of its initial Chemcon Speciality Chemicals garners over Rs 95 cr from anshare sale that opens on Monday.
 "Chemcon Speciality Chemicals garners over Rs 95 cr from anchor investors")
PropShare Capital launches second distressed assets fund worth Rs 100 cr
Commercial real estate investment platform PropShare Capital on Friday launched its second distressed assets fund since the outbreak of the pandemic with a corpus of Rs 100 crore.
 "PropShare Capital launches second distressed assets fund worth Rs 100 cr")
Tea Board orders closure of factories in Dec to curb poor tea production
The order will be mandatory for all the gardens in Darjeeling, Sikkim, Assam, Dooars and Terai regions of north Bengal, Tea Board sources said
 "Tea Board orders closure of factories in Dec to curb poor tea production")
RITES announces buyback of 9.6 million shares worth up to Rs 257 crore
Transport Infrastructure Consultancy and Engineering firm RITES Ltd on Friday said its board has approved buyback of 9.6 million shares with repurchase amount not exceeding Rs 257 crore
 "RITES announces buyback of 9.6 million shares worth up to Rs 257 crore")
Paytm returns to Play Store after suspension over violating Google policies
Vijay Shekhar Sharma says suspension was over cashback offer
 "Paytm returns to Play Store after suspension over violating Google policies")
Confident of delivering stronger performance in FY21, says Emami founder
Emami is confident of delivering a "stronger performance" in FY21, despite a 26 per cent degrowth in sales in the Covid-impacted April-June quarter, company founder R S Goenka said
 "Confident of delivering stronger performance in FY21, says Emami founder")
Paytm missing from Playstore; Google says won't allow gambling
Google doesn't specifically name the payment app in separate blogpost; Other apps such as Paytm Mall, Paytm For Business and Paytm Money still available
 "Paytm missing from Playstore; Google says won't allow gambling")
Paytm says users money safe after Google removes app from Playstore
Paytm is India's leading digital payments app, claiming over 50 million monthly active users
Fan manufacturers want GST for sector to be lowered to 5% from 18%
Indian fan manufacturers on Thursday sought lower GST rate at 5 per cent on fans, saying the existing 18 per cent tax is "adversely" impacting the industry
 "Fan manufacturers want GST for sector to be lowered to 5% from 18%")
Kia Motors launches Sonet, priced between Rs 6.71 lakh and Rs 11.99 lakh
South Korean auto major Kia Motors on Friday launched its compact SUV Sonet in India, priced between Rs 6.71 lakh and Rs 11.99 lakh (ex-showroom), marking its foray into the highly competitive segment
 "Kia Motors launches Sonet, priced between Rs 6.71 lakh and Rs 11.99 lakh")
India public cloud market to reach Rs 63,000 crore by FY25: Nasscom
India's public cloud market stood at Rs 17,000 crore in FY2020 and is expected to grow at about 30 per cent CAGR to reach Rs 63,000 crore by FY2025, a report by industry body Nasscom said
 "India public cloud market to reach Rs 63,000 crore by FY25: Nasscom")