Page 3684 - Company News

Vedanta to seek court order saying Zambia's ZCCM breached shareholder pact

Vedanta said an urgent application had been served on ZCCM and a provisional liquidator appointed for KCM

We want to bridge gap between angels and $100 mn funds: Artha Venture Fund

Artha Venture Fund was originally known as Artha India Ventures

Dish TV promoters may cash out for Rs 5,000 cr, Bharti Airtel to pick stake

Bharti Airtel, Warburg Pincus to buy Jawahar Goel's 58% stake at Rs 45-50 a share

India Inc's pace of debt fundraising may slow down over hike in rupee costs

Since the start of the year local companies have raised a record $12.9 billion via offshore bonds and $12.3 billion from loans, the highest in three years

Asset monetisation: Sadbhav group engineers 1.7 times return on investment

Re-rating of stock likely after transaction but eyes will be on new order wins, scaling up of operations

B K Birla, Karmayogi industrialist who lived a Gandhian life

Basant Kumar would make it to office by 8:45 a.m. every single day till his mid-90s, even when all he wanted was to focus on his hobbies, the Birla Academy and the Sangeet Kala Mandir

Tesla shares jump 7% after record deliveries of E-cars in second quarter

Tesla delivered 95,200 vehicles in the second quarter, beating analysts' average estimates, but did not comment on when it would return to profitability

A snapshot of PE activity and deals

The year has seen 59 exits.

Lightspeed Ventures looks to cash in on cloud-based businesses

Lightspeed doesn't disclose its investments but officials say that as an early stage fund, it makes seed and series A investments that are in the range of $1-$3 million and $3 million-upwards

BSNL loss pegged at Rs 14,202 cr in FY19; fall in revenue at Rs 19,308 cr

The company's revenue is pegged at around Rs 19,308 crore for 2018-19, compared with Rs 25,071 crore in 2017-18 and Rs 31,533 crore in 2016-17

Dalmia Nisus Finance to buy two PE funds with total asset of Rs 850 cr

Nisus Finance has raised Rs 430 crore for its maiden fund and has returned Rs 300 crore to its investors

Markab Capital to acquire controlling stake in Uniply Industries

Markab Capital and its wholly-owned Indian subsidiary, Markab India SPV Pvt Ltd, have acquired 20.7 per cent shareholding from the promoter Keshav Kantamneni and his group entities at Rs 82 per share

Govt approves leasing out of Lucknow, Mangaluru and Ahmedabad airports

Earlier this year, the Adani group had won the bids to operate the three airports for a period of 50 years

Lenders to crisis-hit DHFL lay down conditions for promoters

DHFL has sold as much as Rs 41,000 crore of its Rs 78,000-crore retail loan portfolio to banks and others

Facebook launches VC Brand Incubator to help SMBs grow digital presence

As part of this initiative, FB will work with VC funds to skill and mentor SMBs by sharing insights on best practices, proven solutions, insights among other key learning

Ramp-up in capacity to keep fizz intact for Varun Beverages stock

Higher margins, asset turnover should boost return on equity; Street sees 15-20 per cent upside potential

Kochhar, Videocon companies had appointed dummy directors: ED probe

In a statement to ED, many directors said they had nothing to do with the firms

Jaguar Land Rover CEO Ralf Speth's salary falls 42% in two years: Report

Compensation of Tata Motors MD & CEO Butschek rises 14% in the same period

BSNL may junk VRS plan; all future recruitments to be on contract basis

Future recruitment in the company would be on contractual basis, saving the company pension payment in the coming years

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans