Page 3083 - Company News
ICICI Bank to raise up to Rs 15,000 cr to support business growth
The lender joins a slew of other private sector banks who have undertaken a similar exercise
 "ICICI Bank to raise up to Rs 15,000 cr to support business growth")
IOC beats lockdown blues, resumes works on projects worth Rs 1.04 trn
Firm started completion of as many as 336 projects since easing of curbs on April 20, and 50 more since July first week
 "IOC beats lockdown blues, resumes works on projects worth Rs 1.04 trn")
India Inc walking a tightrope on production first and employee safety
Unlike heavy engineering, auto and auto components, the labour requirement in fast-moving consumer goods (FMCG) companies is nevertheless less
 "India Inc walking a tightrope on production first and employee safety")
How hyper-local consumption is driving change in brand-retail landscape
With the clamour for convenience and support for local brands on the rise, consumers, kirana stores, and brands are redrawing the terms of engagement
 "How hyper-local consumption is driving change in brand-retail landscape")
Govt proposes two dates for e-commerce cos on displaying country of origin
E-commerce firms ask govt at least 3-5 months to be able to keep technology platform ready to enable sellers to display country of origin for new and old listings
 "Govt proposes two dates for e-commerce cos on displaying country of origin")
Solar funding sees a 25% drop but oil and gas firms among top acquirers
Oil and gas majors were the major acquirers of solar assets in 1H 2020 accounting for 45 per cent or about 6.5 GW of acquisitions during the period
 "Solar funding sees a 25% drop but oil and gas firms among top acquirers")
IRB infra raises Rs 150 crore via NCDs on private placement basis
Dilip Buildcon, in a separate filing, said it has raised Rs 200 crore via NCDs
 "IRB infra raises Rs 150 crore via NCDs on private placement basis")
Television, digital ads grow at 40% and 60% of pre-Covid levels: Experts
Media industry experts and agency heads point to a revival in TV and digital advertising in June, as big spenders such as FMCG, automobiles, and e-commerce get operations back to pre-Covid-19 levels
 "Television, digital ads grow at 40% and 60% of pre-Covid levels: Experts")
Vedanta readies for post-Covid era, inducts two officials to advisory board
Jitendra Kumar Dadoo, who retired as Secretary to Government of India in December, 2017 and Prakash Kumar Singh, former chairman and managing director of SAIL were appointed by Vedanta
 "Vedanta readies for post-Covid era, inducts two officials to advisory board")
Cipla set to undercut rivals with low-priced generic remdesivir: Report
The drug will be available through the government and hospitals only, the company said
 "Cipla set to undercut rivals with low-priced generic remdesivir: Report")
Co-living players eye corporate sector with hybrid accommodation models
Nexus Venture Partners-backed Zolostays is also coming up with custom-made properties for corporates
 "Co-living players eye corporate sector with hybrid accommodation models")
E-commerce firms begin work to list 'country of origin' labels on products
DPIIT, which hosted an online meeting of e-commerce players on Wednesday, wanted the changes to be implemented by the end of July
Post lockdown, Phoenix launches Rs 1,000-cr shopping mall in Lucknow
Spread over an area of 13.5 acres, Phoenix Palassio has a built-up area of a million sq ft and will house 300 stores
 "Post lockdown, Phoenix launches Rs 1,000-cr shopping mall in Lucknow")
Maruti transports 12% of its cars via Indian Railways in four years
The company was targeting transportation of at least 50% its cars via Railways by 2030; higher focus on rail has helped it offset 3,000 MT of CO2 emissions, and save 100 million litres of fossil fuel
 "Maruti transports 12% of its cars via Indian Railways in four years")
Govt extends NCLAT acting chairperson Justice B L Bhat's tenure for 3 mnths
The government has extended the tenure of National Company Law Appellate Tribunal's (NCLAT) acting chairperson Justice B L Bhat for the next three months.
 "Govt extends NCLAT acting chairperson Justice B L Bhat's tenure for 3 mnths")
Adani Ports to raise $1.25 bn through dollar bonds to pay existing debt
They will be issued in one or more tranches overseas and listed in any one or more stock exchanges in India or overseas, the company said in a statement
 "Adani Ports to raise $1.25 bn through dollar bonds to pay existing debt")
YES Bank files prospectus with RoC to raise up to Rs 15,000 cr via FPO
Restates accounts for last three years, but no impact on bottom line
 "YES Bank files prospectus with RoC to raise up to Rs 15,000 cr via FPO")
Lupin recalls diabetes treatment drug Metformin Hydrochloride in US
Drug major Lupin Ltd on Wednesday said it is voluntarily recalling its diabetes treatment drug Metformin Hydrochloride extended-release tablets in the US market
 "Lupin recalls diabetes treatment drug Metformin Hydrochloride in US")
Hackers break into 570 e-commerce stores including in India: Gemini report
Group known as 'Keeper' stole information from Mumbai-based online jewellery store ejohri.com that was allegedly compromised in February.
 "Hackers break into 570 e-commerce stores including in India: Gemini report")
US airlines reach deal on govt loans as Covid-19 threatens demand, jobs
Carriers reduce flight capacity and shore up capital while warning that tens of thousands of jobs could be at risk as industry braces for a slow recovery.
 "US airlines reach deal on govt loans as Covid-19 threatens demand, jobs")