Page 3095 - Company News
Reliance may bring Jio and retail IPOs to unlock shareholder value: Report
Given the $15 billion Aramco deal and free cash flow outlook in the next several years, net debt to equity could continue to fall beyond FY21
 "Reliance may bring Jio and retail IPOs to unlock shareholder value: Report")
Jio poised to play key role in development of 5G ecosystem in India: RIL
"Jio with its 5G-ready network and extensive fiber assets, would play a key role in the development of the 5G ecosystem in India, based on market dynamics," the annual report stated
 "Jio poised to play key role in development of 5G ecosystem in India: RIL")
Kitchen appliance firms see resurgence in demand from stressed households
They say kitchen improvement is likely to be a top priority in Indian homes; customers may also go for local products instead of Chinese-made ones
 "Kitchen appliance firms see resurgence in demand from stressed households")
Over 16,000 new firms registered since lockdown, 3,200 in April alone
While the numbers have dropped by over a half compared to last year, experts still consider this positive news given the economic climate around the world
 "Over 16,000 new firms registered since lockdown, 3,200 in April alone")
Google adds 'Fact-Checked' labels for search images to limit misinformation
Google used these fact-checking labels for years in its main search results and on video-streaming site YouTube
 "Google adds 'Fact-Checked' labels for search images to limit misinformation")
Anil Ambani planning to increase stake in Reliance Infra, Reliance Power
Ambani also informed shareholders that Reliance Power had refrained from availing a moratorium on its loans, calling the moratorium a 'financial penalty'
 "Anil Ambani planning to increase stake in Reliance Infra, Reliance Power")
Creditors move NCLT; seek bigger claim in Vasan Health Care insolvency case
The petition was filed by some of the creditors, mainly private financiers, seeking more amount of claim to be accepted by the Resolution Professional as part of the process
 "Creditors move NCLT; seek bigger claim in Vasan Health Care insolvency case")
Diamond industry may extend voluntary ban on imports beyond June
The discontinuance of imports was aimed at stabilising prices, a motive that the industry seems to be achieving now
 "Diamond industry may extend voluntary ban on imports beyond June")
Hospitals rework Covid-19 narrative as pandemic takes toll on trust, biz
Trust is running low and the big chains, Max, Apollo, Fortis and others are keen to retune the pitch with new services
 "Hospitals rework Covid-19 narrative as pandemic takes toll on trust, biz")
No, thanks: Mobile device makers say to DoT on source code demand
They oppose the proposal on the grounds that source codes are 'commercially valuable, confidential, and sensitive information'
 "No, thanks: Mobile device makers say to DoT on source code demand")
Trump's temporary ban on immigration visas leaves tech industry miffed
The US press reported that the Trump administration is also weighing several additional changes to legal immigration via regulation
 "Trump's temporary ban on immigration visas leaves tech industry miffed")
Facebook seeks legal advice on $5.7-billion investment in Jio Platforms
Social media giant has some investors from China, wants clarity on beneficial ownership norms
 "Facebook seeks legal advice on $5.7-billion investment in Jio Platforms")
DHFL bidders turn jittery as auditors expose holes in company's books
The new management, led by RBI-appointed administrator, has said till forensic audits and probes by CBI and ED are over, it won't be able to present a clear view of financial data of the company
 "DHFL bidders turn jittery as auditors expose holes in company's books")
Blackstone launches block deal in Embassy REIT to raise $250 million
The secondary placement of units in a price band of Rs 340-350 apiece is at a discount of 3.7-6.4 per cent to Tuesday's closing price of Rs 363.55 on the National Stock Exchange.
 "Blackstone launches block deal in Embassy REIT to raise $250 million")
Working to complete contours of Saudi Aramco deal, says Mukesh Ambani
The deal was to be concluded by March 2020 but has been delayed.
 "Working to complete contours of Saudi Aramco deal, says Mukesh Ambani")
Cadila's renewed focus on India biz, Covid-19 opportunities lend confidence
Renewed focus on India, new drug launches in US lend comfort
 "Cadila's renewed focus on India biz, Covid-19 opportunities lend confidence")
IT stocks: Street shrugs off Trump's extension of ban on H1-B visas
Work-from-home and increased local hiring should help mitigate its impact
 "IT stocks: Street shrugs off Trump's extension of ban on H1-B visas")
Mukesh Ambani keeps salary capped at Rs 15 cr for 12th straight year
This is at a time when remunerations of all whole-time directors of the company, including cousins Nikhil and Hital Meswani, saw a handsome increase in current fiscal year
Irdai allows life insurers to sell short term benefit-based Covid policies
Non-life insurers can sell both, benefit-based and indemnity-based short-term health covers
 "Irdai allows life insurers to sell short term benefit-based Covid policies")
Icra downgrades Yes Bank's tier-II bonds to 'D' after RBI clampdown
Agency said downgrade has factored in specific features of the instrument where debt servicing is linked to meeting regulatory norms on capitalisation, i.e., CAR of 9%
 "Icra downgrades Yes Bank's tier-II bonds to 'D' after RBI clampdown")