Page 124 - Companies

Mankind Pharma files for IPO, could be second largest among pharma firms

The offer for sale is expected to be anywhere between Rs 5000-5500 crore, say sources

Peerless group poised for growth, targets Rs 1,000 crore turnover

PGFI's revenues for the year ended March 31, 2022, had stood at around Rs 498 crore while profit for the year was at 102.76 crore. But pre-Covid, turnover was in the region of Rs 535 crore

Walmart India team playing key role in innovation: CEO Doug McMillon

He added that they've changed the way people spend and save and their perception of value as well as how they travel, communicate, and work

Appoint grievance officer in 7 days: Delhi HC to domain name registrars

The companies have expressed that there is an absence of an effective mechanism to stop websites or parties from using the domain name and trademark of well known brands

More firms to have reduced compliance burden as govt revises norms

The government has revised the paid-up capital and turnover thresholds for small companies that will help reduce the compliance burden on more entities. The latest decision by the corporate affairs ministry, which is implementing the companies law, has again revised the definition of small companies and is aimed at further improving the ease of doing business. With the amendments to certain rules, the threshold for small companies' paid-up capital has been increased to "not exceeding Rs 4 crore" from "not exceeding Rs 2 crore". Similarly, the turnover threshold has been revised to "not exceeding Rs 40 crore" from "not exceeding Rs 20 crore", the ministry said in a release on Friday. The revisions will allow more entities to come under the category of small companies. According to the ministry, small companies are exempted from the requirement to prepare cash flow statement as part of financial statement and can file an abridged annual return. They will not be required to have the

Gautam Adani's elder son to oversee newly acquired cement companies

An announcement on Karan's appointment could come as soon as Friday, the people said. A representative for Adani Group declined to comment.

Hero Electric under DRI lens for evading customs duty worth Rs 330 crore

Hero Electric reportedly ordered fully assembled vehicles into the country but later disintegrated them and sent them to different ports across the country to evade tax

Shell Plc's new CEO Wael Sawan: Here are some facts on the new boss

Shell named Wael Sawan, head of its integrated gas and renewables division, as the group's chief executive officer, replacing Ben van Beurden

Large companies' assets at growing risk of climate impact: S-P Global

(Reuters) - Over 90% of the world's largest companies will have at least one asset highly exposed to the physical impacts of climate change by the 2050s, data and analysis from index and ratings provider S&P Global showed on Thursday.

Three entities offload over 4 mn PVR shares worth Rs 759.14 crore

Three different entities have offloaded 40.45 lakh shares of multiplex operator PVR on Thursday that are worth Rs 759.14 crore through open market transactions. Plenty Private Equity FII I sold 7,62,499 shares of the company at an average price of Rs 1,877.14 apiece, according to bulk deal data available on the BSE. Plenty Private Equity Fund I offloaded 10,76,259 shares of the firm at an average price of Rs 1,887.04 and Gray Birch Investment sold 22,06,743 shares at Rs 1,871.18 apiece. Gray Birch Investment sold its entire holding in the firm. As per the company's June quarter shareholding pattern available on the BSE, Gray Birch Investment held 22,06,743 shares or 3.61 per cent as public shareholder, while Plenty Private Equity FII I held 15,24,998 shares or 2.50 per cent stake in PVR. Plenty Private Equity Fund I held 21,52,517 shares or 3.52 per cent stake in the company. Shares of PVR fell 4.40 per cent to settle at Rs 1,844.50 apiece on the BSE.

Number of deals fell 40% in Aug, M&A volume worst since May 2020: Report

Value of deals down 52% y-o-y as investors turn cautious, says study by Grant Thornton Bharat

Shell CEO Ben van Beurden to leave at year-end; gas chief Sawan to step in

Shell Plc Chief Executive Officer Ben van Beurden will step down at the end of this year after almost 40 years at the company

Reliance Retail to seek doubling of borrowing limit to Rs 1 trillion

According to the Reliance Retail's annual reports, the company will seek shareholders' approval in the September 30 annual general meeting

YES Bank to sell all its NPAs to JC Flowers ARC by December: Report

YES Bank's gross NPAs stood at 13.4 per cent at the end of June. The gross figures stood at Rs 27,747 crore. In June 2021, the NPAs stood at 15.6 per cent

India Inc hesitant to invest as doubts remain on demand recovery: Analysts

They say high commodity prices, geopolitical uncertainty, and uneven consumer demand may have prompted firms to defer capex plans

Vedanta to create hub to manufacture iPhones, TV equipment in India

Vedanta on Tuesday announced a $19.5 billion investment with Taiwan's Foxconn to set up semiconductor and display production plants in Gujarat

Flipkart announces The Big Billion Days sale from Sep 23: All details here

Flipkart's flagship event The Big Billion Days will start on September 23 and will go on until September 30

Amazon announces 'Great India Festivals' sale to begin on September 23

As India is set to enter its festive season, Amazon.in, country's leading e-commerce platform is set to launch its annual festive sale.

Deep tech start-up Awiros raises $7 mn in series A from Inflexor, Exfinity

Funds will be used by the start-up for product enhancement, building its own developer community and to accelerate growth and global expansion

FinMin okays converting Vodafone Idea's Rs 16,100 cr dues to govt equity

The government of India will own nearly 33% of Vodafone Idea's equity, and become the single-largest shareholder if the deal goes through