Page 2971 - Company News
Fitch places Future Retail on rating watch positive on sale to Reliance
Fitch Ratings has placed FRL's issuer default rating of C and the rating on its 500 million dollars 5.6% senior secured notes due in 2025 of C with a recovery rating of RR4 on rating watch positive
 "Fitch places Future Retail on rating watch positive on sale to Reliance")
Larsen and Toubro bags significant contract by Ministry of Defence
The defence arm of Larsen & Toubro has been awarded a significant contract by the Ministry of Defence for the supply of four regiments of Pinaka weapon systems
 "Larsen and Toubro bags significant contract by Ministry of Defence")
Vodafone's India unit plans $1.5 billion fundraising including share sales
The telecom operator is working to identify potential investors in the US, the people said
 "Vodafone's India unit plans $1.5 billion fundraising including share sales")
Paytm FY20 revenue rises to Rs 3,629 crore on increased transactions
Paytm said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of transactions across various segments and point of sale devices
 "Paytm FY20 revenue rises to Rs 3,629 crore on increased transactions")
Tata Motors starts Q2 on strong note, riding on passenger vehicles sales
During the month, the Tata group flagship sold 18,580 units as compared to 7,316 units a year ago
 "Tata Motors starts Q2 on strong note, riding on passenger vehicles sales")
Silver Lake in talks to take $1 billion stake in Reliance Retail: Report
Reliance, an oil-to-telecoms conglomerate controlled by India's richest man, Mukesh Ambani, is pitching its retail business as a formidable force
 "Silver Lake in talks to take $1 billion stake in Reliance Retail: Report")
Infosys buys US product design firm Kaleidoscope Innovation for $42 million
Infosys announced it has acquired product design firm Kaleidoscope Innovation for $42 mn to expand its engineering service offerings in medical devices, consumer and industrial markets across America
 "Infosys buys US product design firm Kaleidoscope Innovation for $42 million")
Facebook bans BJP politician Raja Singh for his post containing hate speech
According to sources, the decision to remove Singh from the platform was taken after an extensive process
 "Facebook bans BJP politician Raja Singh for his post containing hate speech")
Facebook responds to Congress, says it is non-partisan and denounces hate
Amid a raging controversy Facebook, the social media giant has told the Congress that it is non-partisan, denounces hate and bigotry in all forms
EESL to procure 250 EVs from Tata Motors, Hyundai for govt bodies
Tata Motors to supply 150 Nexon XZ+ electric compact SUVs & Hyundai to supply 100 units of Kona electric Premium SUVs
 "EESL to procure 250 EVs from Tata Motors, Hyundai for govt bodies")
No global offers, but highest domestic pay up 35% in IIM-A's PGPX placement
Attracts domestic maximum earning potential (MEP) of Rs 81 lakh as against Rs 60 lakh last year
 "No global offers, but highest domestic pay up 35% in IIM-A's PGPX placement")
Maharashtra realtors waive stamp duty for home buyers in bid to spur market
Move follows recent cut in stamp duty on and other levies by state govt
 "Maharashtra realtors waive stamp duty for home buyers in bid to spur market")
Covid-19 pandemic pushes up average retail order size by over 50%
Retail realty sector that was seeing a steady fall in inventory is again staring at a spike in vacancy rate, a report by Anarock & Retailers Association of India shows
 "Covid-19 pandemic pushes up average retail order size by over 50%")
Metro Cash & Carry to roll out 6 small-format stores focussing on kiranas
The wholesale chain currently 27 stores catering to kiranas, Horeca and hospitality sectors; the new stores will be half the size of earlier Metro stores, covering an area of 20,000-25,000 sq ft
 "Metro Cash & Carry to roll out 6 small-format stores focussing on kiranas")
Singapore's GIC in talks to invest over $100 million in ESR's fund
ESR partnered Allianz Real Estate for a $225-million joint venture that aimed to become a $-billion asset platform
 "Singapore's GIC in talks to invest over $100 million in ESR's fund")
Biyani to stick on with home retailing, keep running it as independent biz
No plans to sell it despite competition from online players
 "Biyani to stick on with home retailing, keep running it as independent biz")
With Ambani upping the ante, Reliance Jio looks to dial disruption 2.0
Telecom analyst Mahesh Uppal believes another area that Reliance has yet to crack is getting premium, high ARPU customers, who are still with Bharti Airtel and Vodafone Idea, into its fold
 "With Ambani upping the ante, Reliance Jio looks to dial disruption 2.0")
LIC Housing: Equity infusion would be preferred over debt capital
At 12 per cent tier-1 capital, the recent decision to raise Rs 50,500 crore of debt funds unlikely to address asset quality issues
 "LIC Housing: Equity infusion would be preferred over debt capital")
Despite soft performance in June quarter, worst behind for Coal India
With the lockdown impacting the economy, coal demand from power producers and other industries suffered, too
 "Despite soft performance in June quarter, worst behind for Coal India")
Voda Idea shares jump 30% ahead of board meet to consider fund raising
The stock jumped 26.74 per cent to close at Rs 12.56 on the BSE. During the day, it zoomed 29.96 per cent to Rs 12.88 - its 52-week high
 "Voda Idea shares jump 30% ahead of board meet to consider fund raising")