Page 3021 - Company News

RBI monetary policy: Gold Loan firms seek parity with banks on LTV

The RBI increased from 75 per cent to 90 per cent the permissible loan-to-value ratio (LTV) for banks to give loans against pledge of gold ornaments and jewellery for non-agricultural purposes

Q1 results: 40% of corporate loans may require restructuring by banks

Firms that either reported operating losses or poor interest coverage ratio account for Rs 10.7 trn of debt

PI Industries: Strong FY21 outlook, de-risking plans bode well for company

For FY21, the company indicated that domestic growth would be in the 20-22 per cent band outperforming the market growth

Loan restructuring may only provide short-term respite to lenders

The measures will lower credit cost to some extent, but analysts are sceptical of asset quality of such loans

Sebi moves sessions court against RIL for violation of Companies Act

The company said the matter pertains to the issue of debentures with convertible warrants two decades ago

HDFC AMC staff cash in on firm's stock price rise, sell shares worth crores

The stock is up 117 per cent from its listing price of Rs 1100 per share to Wednesday's closing price of Rs 2,387.4. The all-time high was Rs 3,844

Tata Starbucks bullish on India despite hiccups: CEO Navin Gurnaney

The company's expansion plans for the country remain intact

Facebook plans to expand footprint, steps up product testing in India

Plans to export JioMart-WhatsApp model

Whirlpool profit before tax drops 92% to Rs 24.4 crore in June quarter

Its operating income fell by 48 per cent YoY to Rs 1,027 crore, from Rs 1,974 crore.

HPCL posts 140% rise in Q1 PBT on inventory gains, higher capacity usage

The rise in PBT was mainly owing to inventory gains and higher capacity utilisation in refineries

Apple shines amid coronavirus pandemic with $2 trn value on horizon

Factories in China reopened by March and Apple's hugely loyal customer base trust its products so much that they continued to buy iPhones and other devices online

Amazon, D-Mart lead in customer experience, shows Kantar survey

Flipkart was second in both general retail and fashion retail segments after Amazon

Insolvency and Bankruptcy Board amends liquidation process regulations

IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which provides for market-linked and time-bound resolution of stressed assets

Covid-19 impact: Timex Group India Q1 loss widens to Rs 12.42 cr

The company had posted a net loss of Rs 7 crore in the same quarter last fiscal, Timex Group India said in a regulatory filing

Edtech 2020's most funded sector, witnesses massive jump in VC investments

Investors say most of the edtech companies are seeing 3-5X rise in free audiences and anywhere 50-100% growth in monthly revenues due to Covid

Edtech start-up Whitehat Jr sold to Byju's on Zoom for $300 million

The deal is the biggest in the Indian edtech sector by far

NCLAT sets aside NCLT orders approving resolution plan for Ricoh India

The NCLT had also rejected the plea of Kotak Investment Advisors raising objections against the alleged illegalities committed in the conduct of CIRP

TVS bets on premium bikes to improve margins in domestic and global markets

The company has garnered 23% share in the premium category thanks to new launches in the high-end bike segment

Auto manufacturers let go of contractual workers as slowdown bites

Availability of jobs at India's auto companies has shrunk significantly over the last two years, as the industry goes through one of its worst slowdowns

Embassy Office Parks REIT to invest Rs 1,500 cr to develop office spaces

This additional 2.6 million square feet of space is in the early stages of construction and will be a part of its existing integrated business parks and campuses