Page 2979 - Company News
A tale of jittery bankers, a stalled deal and GVK's Adani embrace
August-end loan deadline brought GVK to negotiating table
 "A tale of jittery bankers, a stalled deal and GVK's Adani embrace")
PSP, ADIA and NIIF breached airport agreement, says GVK group
The move led arbitral tribunal to vacate the order of injunction that had restrained Bidvest and ACSA from selling their shares to any third party, firm says in response to legal notice
 "PSP, ADIA and NIIF breached airport agreement, says GVK group")
Pricey valuation pull down P&G Hygiene stock despite strong Q4 results
A resilient portfolio and margin gains though can help earnings grow at 18-20 per cent annually over next two years
 "Pricey valuation pull down P&G Hygiene stock despite strong Q4 results")
Competition worries post Future deal weigh on Avenue Supermarts stock
With the combined entity more than twice its size in grocery, pricing pressures could hit profitability
 "Competition worries post Future deal weigh on Avenue Supermarts stock")
Deep contraction in GDP on expected line, recovery to be gradual: Industry
India's GDP shrank steeply by 23.9 per cent in the April-June period as the coronavirus lockdowns battered an already slowing economy
 "Deep contraction in GDP on expected line, recovery to be gradual: Industry")
Biocon-Mylan launch insulin Glargine at lowest price in US market
The commercialisation in the US of the drug, which already has approval in 45 countries, gives a boost to Biocon's ambitious target of $1 billion in sales through its biologics division by FY22
 "Biocon-Mylan launch insulin Glargine at lowest price in US market")
TVS housing arm ropes in Singapore's Keppel Land for project near Chennai
The partners will develop the project through a JV, in which Keppel Land's subsidiary will take 49 per cent stake for Rs 77.2 crore
 "TVS housing arm ropes in Singapore's Keppel Land for project near Chennai")
How slow-but-steady Eruditus won Chan Zuckerberg fund's attention
Edtech firm looks to double revenue to $200 mn in FY21
 "How slow-but-steady Eruditus won Chan Zuckerberg fund's attention")
Two years later, L&T completes sale of E&A business to Schneider Electric
The deal, which was first announced in May 2018, is worth Rs 14,000 crore and is one of L&T's biggest divestment so far by value
 "Two years later, L&T completes sale of E&A business to Schneider Electric")
NHAI awarded projects worth Rs 31,000 cr in FY21, highest in past 3 years
It has set a target of awarding 4,500 km of highway during current financial year, which it is likely to exceed
 "NHAI awarded projects worth Rs 31,000 cr in FY21, highest in past 3 years")
Mining group writes to PMO for transparency in domestic steel pricing
Demands domestic steel price monitoring, regulation mechanism
 "Mining group writes to PMO for transparency in domestic steel pricing")
Vedanta ties up with SBI for long-term syndicated loan of Rs 10,000 cr
Vedanta said it has tied up with State Bank of India for a long-term syndicated loan facility worth Rs 10,000 crore
 "Vedanta ties up with SBI for long-term syndicated loan of Rs 10,000 cr")
Retailers Association welcomes govt's directive on localised restrictions
Retailers Association of India said the Centre's directive to states not to impose lockdown outside containment zones without approval, comes as a silver lining to the Indian retail industry
 "Retailers Association welcomes govt's directive on localised restrictions")
Myntra ropes in Bollywood actor Kiara Advani as brand ambassador
Online fashion retailer Myntra on Monday said it has roped in Bollywood actor Kiara Advani as its brand ambassador and nationwide celebrity endorser
 "Myntra ropes in Bollywood actor Kiara Advani as brand ambassador")
Reliance Jio offering JioFiber free for 30 days, announces tariff plan
JioFiber has partnered with several over-the-top platforms and is offering free subscription for up to 12 such OTT apps
 "Reliance Jio offering JioFiber free for 30 days, announces tariff plan")
Most firm that availed loan moratoriums were facing challenges before Covid
Most companies that availed loan moratoriums have sub-investment grade ratings and were facing challenges before the onset of the pandemic itself due to slowing economic growth, CRISIL said
 "Most firm that availed loan moratoriums were facing challenges before Covid")
PhonePe to expand business, digitise 25 mn small merchants, create 10K jobs
The company plans to reach 5,500 talukas via its merchant acquisition team that will lead to over 10,000 jobs being created in semi-urban and rural areas
 "PhonePe to expand business, digitise 25 mn small merchants, create 10K jobs")
Pharma sector needs global collaboration: Industry leaders, govt officials
The need of global collaboration in the pharma sector from research and development to drug manufacturing has never been as great as it is now amid the deadly COVID pandemic
 "Pharma sector needs global collaboration: Industry leaders, govt officials")
Paytm mall suffers massive data breach, ransom demanded: Report
Hacker group John Wick said to be behind breach. Ransom demanded pegged at 10 ETH (ether coins), equivalent to $4,000
 "Paytm mall suffers massive data breach, ransom demanded: Report")
Power equipment companies changing tack in push for green energy
The second of a two-part series talks about how stiff competition in thermal projects is forcing manufacturers to focus on renewable sector
 "Power equipment companies changing tack in push for green energy")