Page 3089 - Company News

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.

Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal

PE firm may infuse $150-200 million for up to 20% stake in bank before merger

Biocon to invest $200 million on capital expenditure in current fiscal

Biocon CEO and Managing Director Siddharth Mittal said the investment would be split across small molecules and biosimilar verticals

Indian IT firms may report 5-9% contraction in revenues for June quarter

Hospitality and travel, as well as manufacturing and retail, are the segments likely to see maximum hit

HUL names men's skincare brand as 'Glow and Handsome'; Emami objects

Emami has also hinted at taking legal action as it has already changed its men's fairness cream's name

Covid-19: Emami's edible oil sales in April-June quarter takes a hit

However, the company hopes to maintain sales and profitability for the year as sales of consumer packs are likely to grow by 15-20 per cent

SpiceJet operates 200 charter flights to fly 30,000 Indians back home

SpiceJet has operated charter flights from the UAE, Saudi Arabia, Oman, Qatar, Lebanon and Sri Lanka to repatriate stranded Indian nationals

Walmart's PhonePe assures employees there will be no layoffs, salary cuts

The Walmart-owned company says it continues to hire and has plans to add about 600 people across areas such as engineering and marketing over the next few months

Fresh capital outlay of Rs 20k-cr for infra at AMNS's Gujarat steel plant

ArcelorMittal chairman L N Mittal shares steel plant progress with Gujarat chief minister Vijay Rupani