Page 3088 - Company News

Muthoot Finance to consider stock split, board to meet on July 18

Stock split is a process, in which the company divides its existing shares into multiple shares to boost the liquidity of the shares

CBI files case against Punjab Basmati Rice Ltd on complaint of Canara Bank

The Central Bureau of Investigation (CBI) has registered a case against Punjab Basmati Rice Ltd for causing an alleged loss of Rs 174.89 crore (approximately) to the Canara Bank Chandigarh.

Now, Zydus Cadila gets DCGI nod for human trials of Covid vaccine

Zydus Cadila has already successfully completed preclinical phase for its plasmid DNA vaccine candidate ZyCoV-D developed indigenously at its Vaccine Technology Centre in Ahmedabad

KKR to acquire controlling stake in JB Chemicals for Rs 3,750 crore

The total deal size thus will be around $500 mn or around Rs 3,750 crore

Murugappa's Tube Investments plans to set up truck body building plants

TMT bars & Truck Body Building businesses are more like venture capital investments at the incubatory stage, says management

After CBI, ED set to charge GVK Group for Mumbai airport 'irregularities'

GVK group chairman GVK Reddy and his business associates allegedly siphoned off funds belonging to Mumbai International Airport Ltd

Intel Capital invests Rs 1,894 crore for a 0.39% stake in Jio Platforms

This will be the twelfth big ticket investment in the firm in less than three months

Reliance launches JioMeet to take on Zoom, can support up to 100 members

Other highlights include easy sign up with either mobile number or email ID, meeting in HD audio and video quality

CBI probe, funds crunch, ratings downgrade: The many troubles of GVK Group

This comes at a time when the GVK group is already fighting multiple battles.

Tata Power to raise Rs 2,600 crore from Tata Sons via preferential issue

Tata Power board approves setting up of renewables InvIT

These co-living startups are helping tenants sail through Covid-19

Firms are waiving the rent of those who have lost their jobs during the pandemic

Emami questions Hindustan Unilever's fairness over skin cream rebranding

Emami said it had trademark rights over the name and that it was consulting legal experts on the matter.

ONGC, Oil India stocks rise: Post rally investors need to exercise caution

With the muted outlook for crude oil realisations and volumes, FY21 earnings may take a hit

JSW group will bring down China imports to zero in 2 years: Parth Jindal

While the firm's defence division does not import from China, its other businesses source products from that country.

IBBI proposes limiting number of assignments handled by IPs to check delays

The IBBI has floated a discussion paper seeking comments from the industry on this matter by July 25; Discussion paper limits maximum assignments to 5

Uptick in annuity cash flows key for Prestige Estates projects

Weak residential sales, low hotel occupancy add to worries

Motherson Sumi Systems approves rejig plan to simplify group structure

The reorganisation plan entails a demerger of the domestic wiring harness (DWH) business from MSSL into a new company that is in the process of being incorporated as a wholly-owned subsidiary of MSSL

Axis Bank gets approval to raise up to Rs 15,000 cr to tide over Covid-19

In a meeting held on Thursday, the private lenders' board approved the capital raising plan through issue of equity shares/ depository receipts or any other instrument or securities

Google, Apple remove most of the banned Chinese apps from their stores

Initially, few apps voluntarily delisted themselves in accordance with the government's order but now Google and Apple have blocked access to all other apps too

Tractor sales rise in June; commercial vehicles segment continues to skid

Mahindra & Mahindra Farm Equipment Sector's domestic sales in June saw a surge of 12% to 35,844 units, as against 31,879 units in June 2019.