Page 3525 - Company News

NCLAT stays implementation of JSW Steel's resolution plan for Bhushan Power

Appellate tribunal also asks ED to release all attached assets immediately to RP of Bhushan Power, bars further attachment

Govt promise of spectrum price reforms a big relief for industry: COAI

The industry has been maintaining that the spectrum prices proposed in India are four times higher than other markets.

Reliance Industries to pay for Venezuelan crude oil via exports of diesel

Reliance had in March capped oil purchases from the Latin and halted selling diluent.

Health care sector is on a recovery path after muted performance: Icra

The strong performance of the sector is in line with our expectations: Icra

Sun Pharmaceutical launches Cequa to treat dry eye disease in US market

Cequa is indicated to increase tear production in patients with dry eye, Sun Pharma said

Despite correction in input prices, experts remain cautious on steel stocks

Weak realisations, rising imports as well as inventories to weigh on earnings of steel makers

State govt-run power firms hit by huge cost of transporting their own coal

Freight cost comes to Rs 1000 per tonne; Firms submit plan to offer some coal from their mines in Chhattisgarh to power units in that state

Jindal Steel's import brings first Capesize vessel to Gopalpur Port

Essar Shipping-owned vessel carries 105,000 tonnes of limestone for JSPL; Gopalpur is undertaking an expansion plan entailing dredging of the channel to enable it to receive large ships

Toll collections hit roadblock as traffic tapers due to auto slowdown

Experts say while traffic and toll collection will take a hit in FY2020, toll rates may also not rise much in FY2021 due to a lower WPI

India's 100 tcf gas reserves enough to meet half of demand till 2050: BP

India has the right policy framework of providing a higher cap price for natural gas produced from difficult areas such as deepsea, BP chief

Bewakoof.com raises $11.2 million fresh funding round from Investcorp

Firm plans to use the money to strengthen the platform and gather consumer data to improve their experience on the website by using machine learning

Walmart boosts local MSME sourcing ahead of Diwali, shuns plastic packaging

Firm claims it is sourcing a range of food items and traditional handicrafts made in UP, apart from goods from Jaipur, Panipat, Sholapur and Ahmedabad

High spectrum prices, network costs to impact Indian telecom sector: Airtel

Vice-Chairman Rakesh Bharti Mittal said litigation in the sector was also adding to its woes

Commercial vehicle sales declined 23% in the first half of FY20: SIAM

SIAM said the slowdown in the commercial vehicle segment might continue in Q3FY20 owing to the implementation of various regulations

Stable-to-negative: Ind-Ra revises outlook for road sector for FY20

The weakening of financing sentiment and a sharp rise in land acquisition costs exert pressure on the central budget and could compel the government to rethink the bidding model, Ind-Ra said

NCLAT halts Bhushan Power sale to JSW Steel; asks ED to release BSPL assets

The ED had seized a portion of Bhushan Power and Steel's (BPSL) assets in the money laundering case against its former promoters

Keventer Agro plans to raise Rs 700 crore; Mandala Capital might exit

The company is eyeing Rs 700 crore for its expansion plans in dairy and banana plantations

Dalmia Bharat lines up Rs 3,500 cr capex to ramp up capacity by next March

The brownfield expansion in east India involves increasing the capacity in its West Bengal plant from 1.3 mtpa to 4 mtpa and in its Rajgangpur plant by another 3 mtpa

Dispute-hit Mundra LNG terminal to be commissioned by Dec: Report

The terminal was mechanically completed in mid-2018 and was inaugurated by Prime Minister Narendra Modi

Total to buy 37% stake in Adani Gas for $600 mn to expand India footprint

The deal will give Total access to India's natural gas market and support its drive to become one of the world's top LNG players