Page 2974 - Company News

Top headlines today: Fraudulent transactions at DHFL, Sebi notice, and more

Here are the top business headlines on Thursday

Akhil Gupta's family firm bids for debt-laden Videocon Industries

Gupta, who worked for Bharti Airtel for 18 years, made the bid for Videocon via Avanti Investments, run by his son, Anubhav Gupta

Centre, states to share cost of Rs 3-trillion discom reform scheme

Umbrella scheme to include grants for schemes of IPDS, DDUGJY, and have loss-reduction targets

Family companies weathering Covid-19 pandemic storm better than peers

Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report

New orders and execution likely to remain subdued in Q2, say analysts

Some pin hopes on the NIP even as awards for FY21 and year after look bleak

Edelweiss arm secures $350 mn investment from Ontario Teachers' Pension

The investment will be deployed in Edelweiss Alternate Asset Advisors' (EAAA), a platform that manages AUM of $3 billion

DHFL auditors discover fraudulent transactions worth Rs 14,046 cr

The administrator of DHFL - R Subramaniakumar - has moved an application in the National Company Law Tribunal (NCLT) based on the findings of the of transaction auditor

Hospitality firms look at one-time debt restructuring as moratorium ends

On account of being highly leveraged, 15 per cent of the total 160,000 rooms are at a risk of being shuttered forever according to hotel industry estimates

Adani to integrate smaller airports with Mumbai, play hub-and-spoke game

Gautam Adani says the company will bid for upcoming second airports built across cities

Isha, Akash Ambani, Byju, Poonawalla debut on Fortune's '40 under 40' list

The list covers five sectors including finance, technology, health, government/politics and media/entertainment

Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments

Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares

Lessons from Covid-19: Leaders have to re-imagine biz, says Vipin Sondhi

A manufacturing business is ultimately about people. There is no substitute to face-to-face interaction, he said

Far from fun and games, India's toy story looks to govt to script a change

Toy manufacturers are worried the BIS requirement will adversely impact MSMEs engaged in the business and that only MNCs will survive

Hit hard by lockdown, three-wheeler makers stare at long road to recovery

Demand for the last-mile vehicle has collapsed amid restricted movement

Blue Dart's investors are enthused with business taking off after Q1

Continued automation and improvement in technological and service capabilities to help sail through the current crisis, but high valuation a hurdle

Capital raise isn't a reason to turn optimistic on banking stocks

Rs 47,000 crore raise by private banks in two months may be just adequate to meet the provisioning costs

ED quizzes senior Paytm executives over due diligence in betting scam

This follows the money laundering case filed by ED on Saturday against entities, including Dokypay Technology and Linkyun Technolgy, for allegedly running illegal online betting apps linked to China

RattanIndia sells entire solar portfolio of 306 Mw to GIP for Rs 1,670 cr

With this, RattanIndia now has only two power plants--Amaravati thermal plant for which it did debt recast last December, and Nashik thermal plant, a stressed asset

LIC Housing plans to raise Rs 50,500 crore by issuing debt securities

The proposal will be taken up at its annual general meeting on September 28 for approval from shareholders

Reliance-Future deal: Lenders, vendors await the fate of their dues

Lenders, vendors await the fate of their dues; many threaten to move courts if they aren't repaid in 15 days