Page 3742 - Company News

Hyderabad-based Penna Cement gets Sebi nod for Rs 1,550 crore IPO

The proposed IPO consists of a fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 250 crore by company's promoter PR Cement Holdings Limited

Zambia must withdraw import duty, refund VAT: Vedanta's Anil Agarwal

Vedanta Resources has taken the government of Zambia to international arbitration following the seizure of its Konkola Copper Mines (KCM)

Greenko raises $495 million from GIC, ADIA in equity-based funding round

In June last year, GIC and ADIA invested $450 million in the company

Subrata Roy's Sahara enters automobile sector; to offer wide range of EVs

The cost of driving Sahara Evols Electric Vehicles in an average can go as low as 20 paise per kilometer against the cost of Rs 2 per kilometer on petrol vehicles

Ford India introduces 2019 EcoSport line-up, cuts prices by up to Rs 57,400

The 2019 EcoSport line-up showcases Ford India's continuous efforts to increase localisation, resulting in greater value being passed on to customers across the variants, the company said

IL&FS case: SFIO recommends action against auditors, steps to recoup losses

SFIO has identified a nine-member coterie behind the huge financial fraud at IFIN, which it alleged connived with the statutory auditors and some independent directors to defraud the company

Price of 5G spectrum in India 30-40% higher than global rates: COAI

On Monday, the Government made it clear that it plans to go ahead with spectrum auction, including for 5G radiowaves, in the current calender year

RBI bars EY group's Batliboi from auditing bank books for one year

The central bank says it found lapses in the books of banks audited by the firm

1,862 startups registered with GeM got orders worth Rs 275 cr: Official

The portal was launched in August 2016 for online purchase of goods and services by all the central government ministries and departments

Bank of India declares absconding Sandesara brothers as wilful defaulters

The Enforcement Directorate (ED) is also investigating the case and has moved Delhi court against them even as efforts are on to bring them to book

SoftBank Group to book $11-bn in pre-tax profit on Alibaba share sale

Son has referred to the value of the Alibaba stake to argue that SoftBank Group's shares are undervalued

M&A deals decline in Q1CY19, PE activity remains robust: EY India

Domestic deals saved the day for deal-makers in Q1CY19, with 158 deals accounting for an aggregate disclosed value of $7.1 billion

BPCL, HPCL take 25% stake each in IOC's Rs 9,000-cr LPG pipeline project

IOC, which had in 2016 proposed laying of the pipeline, will hold the remaining 50 per cent stake

Manipal group set to own 51% stake in health insurance JV with Cigna

The earlier joint venture partner, TTK group, will exit the business entirely and US based global health service provider Cigna Corporation will hold 49 per cent in the joint venture

End to Branson's US dream as Virgin America officially fades into history

Virgin America's sale, which occurred despite a protest by Branson, a minority shareholder, marked the beginning of the British billionaire's retrenchment from airlines

Airtel Africa targets $750 mn via IPO, eyes listing on London exchange

Additionally, Airtel Africa is also considering listing its shares on the Nigerian Stock Exchange

Prolonged dismal trend in auto demand to weigh on general insurance players

Motor insurance accounted for 38% of gross direct premium in FY19

Blackstone to acquire US warehouse assets from GLP for $18.7 billion

GLP had scaled up its US business over the past four years to become the second-largest logistics player after Prologis Inc

Zomato introduces 26 weeks paid parental leave to all employees

This policy also applies to non-birthing parents, and in cases of surrogacy, adoption, and same-sex partners

Why Tiger Global is betting on B2B start-ups in its second foray

B2B companies have been successfully raising more cash every year for the last three years