Page 2987 - Company News

Future Retail averts default, pays Rs 100 cr of interest on foreign bonds

Future Retail shares on Monday closed 6.62 per cent down at Rs 114. This is because one of its lenders sold the firm's pledged shares because of default

More employees being rated poorly as firms cut back on increments: Survey

Only four in 10 companies ready for give staff a pay hike, says Deloitte Touche Tohmatsu India

Sunil Mittal hints at mobile services price hike, low rates not sustainable

Bharti Airtel chairman Sunil Bharti Mittal on Monday hinted at an increase in mobile services prices in the next six months, saying that data at low rates is not sustainable for the telecom industry.

Will cancel spectrum allocation if telcos don't pay AGR dues: SC

On the last day of hearing on Monday, the apex court reserves its judgment

Kerala Assembly passes resolution against leasing airport to Adani

Chief Minister Pinarayi Vijayan said that since the state govt had agreed to match Adani's bid, Centre's decision to privatise the airport cannot be justified

Kalyan Jewellers files for Rs 1,750-cr IPO in largest offer in its sector

Issue involves fresh fundraise of Rs 1,000 cr and Rs 750 cr secondary share sale by promoter T S Kalyanaraman and PE firm Warburg Pincus

Hindalco: Better domestic show, Novelis outlook can help stock re-rate

Rebound in aluminium price, positive Novelis outlook boost confidence in stock

Strong momentum in agri tyre exports to help Balkrishna Industries

In addition to revenue growth, lower costs to aid the company in meeting its margin guidance for FY21

Street finds discomfort in ICICI Lombard-Bharti Axa merger deal

Bharti Axa's weak underwriting and high combined ratio are earnings dilutive, while valuations are on the higher side

Covid-19 impact: Sirpur Paper Mills temporarily shuts unit in Telangana

"Sirpur Paper Mills has temporarily shut down its operations at Sirpur-Kaghaznagar in Telangana in view of the current market condition consequent to Covid-19 situation," the company said

Societe Generale sells ICICI Bank shares worth nearly Rs 341 crore

As per the block deal data on the BSE, 9 million scrips of the private lender were sold by Societe Generale at a price of Rs 378.6 per scrip

Twitter-backed start-up ShareChat continues with inorganic expansion

Acquires Saif Partners-backed Circle Internet to strengthen hyperlocal content on platform

IT firms roll out solutions to help clients return to office smoothly

WFH-themed solutions aimed at cost saving and better employee management for clients

Convert sugar factories into bio-energy hubs, says Food Secretary

He also said there is a greater need for developing flexi sugar factories producing sugar and ethanol as per relative economics and market demand

'No choice' but to sue Trump admin over threatened US ban: TikTok

"We do not take suing the government lightly but with the Executive Order threatening to bring a ban on our US operations ... we simply have no choice," TikTok said

Airtel is stretching frontiers of competition with a three-pronged attack

The country's second largest mobile services operator is launching a three-pronged attack in the battle to provide cost-effective, high-speed internet connectivity

FMCG shows highest discrepancy in background check during Apr-Jun: Report

The FMCG sector has witnessed the highest discrepancies in information provided by job aspirants during background checks in the April-June quarter, according to a report.

Beverage industry urges govt to reduce GST on soft drinks, packaged water

The beverage industry has urged the government to remove aerated drinks fromthe sin tax category and reduce rate on juice-based drinks under the GST regime.

IRB Infrastructure posts consolidated net loss of Rs 30.13 cr in Q1

Highways developer IRB Infrastructure Developers Ltd (IRB) on Monday reported a consolidated net loss of Rs 30.13 crore for the quarter ended June 30, 2020 amid the COVID-19 pandemic.

Future Retail repays $14 mn interest to investors, averts default

Kishore Biyani-led Future Retail has averted a default as it repaid around $14 million (around Rs 100 crore) interest on foreign bonds to investors.