Page 2975 - Company News
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
 "Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments")
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
 "Lessons from Covid-19: Leaders have to re-imagine biz, says Vipin Sondhi")
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
 "Far from fun and games, India's toy story looks to govt to script a change")
Hit hard by lockdown, three-wheeler makers stare at long road to recovery
Demand for the last-mile vehicle has collapsed amid restricted movement
 "Hit hard by lockdown, three-wheeler makers stare at long road to recovery")
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
 "Blue Dart's investors are enthused with business taking off after Q1")
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
 "Capital raise isn't a reason to turn optimistic on banking stocks")
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
 "ED quizzes senior Paytm executives over due diligence in betting scam")
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
 "RattanIndia sells entire solar portfolio of 306 Mw to GIP for Rs 1,670 cr")
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
 "LIC Housing plans to raise Rs 50,500 crore by issuing debt securities")
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
 "Reliance-Future deal: Lenders, vendors await the fate of their dues")
IT firms lead IIM-A's one-year executive MBA final placement with 42 offers
Concluded in July, IIM-A releases audited placement report
 "IT firms lead IIM-A's one-year executive MBA final placement with 42 offers")
Isha, Akash Ambani, Byju debut on Fortune's '40 Under 40' influencer list
Fortune magazine said executives have moved quickly to support and empower employees while grappling with daunting challenges to the way their businesses operate
 "Isha, Akash Ambani, Byju debut on Fortune's '40 Under 40' influencer list")
Unacademy raises $150mn funding led by SoftBank, valuation reaches $1.45 bn
Existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round
 "Unacademy raises $150mn funding led by SoftBank, valuation reaches $1.45 bn")
Government allows airlines to increase capacity upto 60% of total capacity
Indian airlines resumed their domestic operations from 25 May after being grounded for two months due to the lockdown to contain Covid-19 pandemic
 "Government allows airlines to increase capacity upto 60% of total capacity")
Defence, LCV and buses to be key growth levers at Ashok Leyland: Chairman
Dheeraj Hinduja says company's future product plans would revolve around auto buzzword CASE mobility. CASE is an acronym for Connected, Autonomous, Shared & Electric vehicles
 "Defence, LCV and buses to be key growth levers at Ashok Leyland: Chairman")
GSFC restarts methanol plant after six years to aid import substitution
The 525-metric-tonnes-per-day unit was commissioned in 2013 and operated for 11 months before shutting down in April 2014 due to non-viability
 "GSFC restarts methanol plant after six years to aid import substitution")
Unilever to eliminate fossil fuels from cleaning products by 2030
Unilever's total greenhouse gas footprint is about 100 million metric tonnes of carbon dioxide equivalents globally
 "Unilever to eliminate fossil fuels from cleaning products by 2030")
Covid-19 restrictions to shave off 18% of ONGC capex for FY21: Executive
"Capex flow will get pushed to next fiscal," Subhash Kumar said adding FY21 capex would be around Rs 26,500 crore
 "Covid-19 restrictions to shave off 18% of ONGC capex for FY21: Executive")
Lupin launches generic rheumatoid arthritis drug 'Leflunomide' in US market
Drug maker Lupin on Wednesday said it has launched Leflunomide tablets, used to treat rheumatoid arthritis, in the US market.
 "Lupin launches generic rheumatoid arthritis drug 'Leflunomide' in US market")
Volkswagen commences bookings for automatic trims of Polo, Vento
The Polo GT trim is priced at Rs 9.67 lakh while Vento Highline Plus variant is tagged at Rs 12.99 lakh (ex-showroom)
 "Volkswagen commences bookings for automatic trims of Polo, Vento")