Page 2978 - Company News
ICAI to come out with forensic accounting, investigation standards
The Institute of Chartered Accountants of India (ICAI) plans to come out with a detailed set of forensic accounting and investigation standards by the end of December.
 "ICAI to come out with forensic accounting, investigation standards")
Reliance Future-proofs retail arm as it seeks to woo potential investors
The acquisition of Future Group's 2,000 retail stores and Big Bazaar grocery chain will help Reliance, which sells everything from groceries to electronics
 "Reliance Future-proofs retail arm as it seeks to woo potential investors")
Short of time and funds, Voda Idea can't celebrate SC's AGR dues order
The company will have to fork out Rs 30,000 crore annually to government as dues for using spectrum
 "Short of time and funds, Voda Idea can't celebrate SC's AGR dues order")
Gail India offers US 3 LNG cargoes for loading from Cove point - sources
GAIL (India) has offered at least three liquefied natural gas (LNG) cargoes for loading from the Cove Point terminal in Maryland in the United States over May to July
 "Gail India offers US 3 LNG cargoes for loading from Cove point - sources")
Voda Idea in danger of becoming a 'zombie' telco; may just about survive
The initial impression is that Vodafone Idea will struggle to manage this level of staggered payments, given that it owes over Rs 58,000 crore
 "Voda Idea in danger of becoming a 'zombie' telco; may just about survive")
Ashok Leyland's M&HCV sales decline by 52% YoY in August, LCV by 3%
Bus segments drags volumes with 93% drop
 "Ashok Leyland's M&HCV sales decline by 52% YoY in August, LCV by 3%")
IndiGrid completes Rs 1,080 cr acquisition of GPTL Transmission project
India Grid Trust (IndiGrid) has completed the acquisition of another transmission asset Gurgaon Palwal Transmission Ltd (GPTL) from Sterlite Power at an enterprise value of Rs 1,080 crore.
 "IndiGrid completes Rs 1,080 cr acquisition of GPTL Transmission project")
Vodafone Idea shares plunge 17%, Airtel up 4% after SC's AGR verdict
Vodafone Idea shares plunged over 17 per cent, while the stock price of Bharti Airtel surged over 4 per cent on Tuesday
 "Vodafone Idea shares plunge 17%, Airtel up 4% after SC's AGR verdict")
August sales: Mahindra's auto dispatches decline 13%, tractors up 69%
Volumes were dragged by medium & heavy commercial vehicles and three-wheelers. which fell 71 per cent and 94 per cent respectively
 "August sales: Mahindra's auto dispatches decline 13%, tractors up 69%")
Mahindra's auto dispatches decline 13% in August, tractors up 69%
Mahindra's passenger vehicle segment that includes the utility vehicles and passenger cars was a saving grace and helped offset some decline in the overall auto sales
 "Mahindra's auto dispatches decline 13% in August, tractors up 69%")
Desi professional network startup Apna raises $8 mn in Series A funding
The startup that seeks to provide access to local job opportunities to blue and grey collared professionals has raised the funding from Lightspeed and Sequoia Capital
 "Desi professional network startup Apna raises $8 mn in Series A funding")
SC gives telcos 10 yrs to clear AGR dues, NCLT to decide on spectrum sale
The Supreme Court finished hearing the AGR case on August 24, almost a year after its verdict on the definition of the AGR
 "SC gives telcos 10 yrs to clear AGR dues, NCLT to decide on spectrum sale")
Steel Strips Wheels bags orders worth $455,000 from US, European Union
The company said orders of similar capacity are anticipated from the same customer base as businesses have picked up speed
 "Steel Strips Wheels bags orders worth $455,000 from US, European Union")
Bharti Infratel to go ahead with long delayed merger with Indus Towers
Infratel will be a majority shareholder in the merged entity with a likely stake of 68.6%, while London-listed Vodafone Group Plc (VOD.L) will hold 28.2%
 "Bharti Infratel to go ahead with long delayed merger with Indus Towers")
Escorts Ltd posts best-ever August sales; domestic tractor sales shoot 80%
The company's domestic sales rose to 6,750 units from 3,763 units
 "Escorts Ltd posts best-ever August sales; domestic tractor sales shoot 80%")
Amazon's surveillance can boost output and possibly limit unions: Study
Companies across industries use data on their workforce to boost output
 "Amazon's surveillance can boost output and possibly limit unions: Study")
AstraZeneca's Covid-19 vaccine candidate begins late-stage US study
The trial is being conducted under U.S. government's Operation Warp Speed program, which aims to accelerate development, manufacturing and distribution of vaccines and treatments for Covid-19
 "AstraZeneca's Covid-19 vaccine candidate begins late-stage US study")
Ambani-Biyani deal: Future Group's footprint to shrink by 80% in revenue
Future would be one of the top contract manufacturers in FMCG, fashion space but with wafer-thin margin
 "Ambani-Biyani deal: Future Group's footprint to shrink by 80% in revenue")
NTPC to seek shareholders' nod to raise up to Rs 15,000 crore via bonds
The funds are proposed to be raised on private placement basis in one or more tranches not exceeding 30; AGM is scheduled for September 24
 "NTPC to seek shareholders' nod to raise up to Rs 15,000 crore via bonds")
Covid-19: 1,700 mid-size companies need debt restructuring, says CRISIL
The average debt size of these companies in CRISIL's rated portfolio, excluding outliers, is around Rs 25-30 crore
 "Covid-19: 1,700 mid-size companies need debt restructuring, says CRISIL")