Page 80 - Companies

Alstom, Hyderabad-based Medha Servo Drives in race for Vande Bharat tender

The technical bids were opened on Thursday and financial bids are expected to be invited soon

NSE removes Zee Entertainment from F&O segment post insolvency fallout

"No fresh month contracts will be issued on the expiration of February 2023 contracts," the exchange says in a circular

How a new tax law has stumped Tata Trusts and top corporate donors

The Finance Bill proposes that if a charitable organisation donates to another charity then only 85 per cent of the donation will be considered as application of income for the donor organisation

Asset reconstruction companies set to grow 10% this fiscal: Report

The asset reconstruction industry is set to clock the best growth this fiscal as their asset under management is expected to increase by almost 10 per cent to Rs 1.1 lakh crore, a report said on Thursday. The 29-player ARC (asset reconstruction company) industry began its journey in the second half of 2002 and has since undergone radical regulatory changes and challenges. With the beginning of operation of public sector National Asset Reconstruction Company Limited (NARCL) and rising popularity of the Insolvency and Bankruptcy Code (IBC) effective from May 2016 also pose challenge for the ARC industry. Another major challenge is the steep fall in banks' non-performing assets (NPAs), which is set to fall to under 5 per cent by March, down from over 11 per cent in FY18. Assets under management (AUM) of ARCs are set to grow 9.8 per cent to a five-year high this fiscal, driven by a few large transactions to Rs 1.19 lakh crore. The AUM stood at Rs 1.09 lakh crore in FY22 and at Rs 1.03

Adani Group Rout has room to run as charts show 85% call still valid

The rout in Adani Group shares has room to run based on charts that show key stocks in Gautam Adani's empire may still extend declines to the 85% downside flagged by Hindenburg Research

Match Group in talks with Shaadi.com for a possible partnership: Report

Match Group has a total market cap of $11.85 billion and owns brands including Tinder, Hinge, Match, OKCupid, Plenty of Fish, and OurTime

Fibe crosses Rs 10,000 cr in loan disbursals, aims to double AUM every year

Launches upgraded app with conversational user interface as firm turns seven

Fresh blow to Adani after Wikipedia claims entries on group manipulated

In its report, The Signpost alleged that over 40 sock puppets or undeclared paid editors created or revised 9 articles on the Adani family and their businesses

Adani's older brother plays opaque, powerful role at embattled dynasty

Vinod Adani, through several close associates, manages a vast labyrinth of offshore shell entities," the report said identifying entities in Mauritius, Cyprus, the United Arab Emirates

McKinsey plans to cut about 2K jobs in one of its biggest rounds of layoffs

The plan is expected to be finalized in the coming weeks, and the final number of roles to be eliminated from its 45,000 workforce could still change

Wipro salary cut for Turbo freshers raises alarm bells for Elite candidates

On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA

Mukesh Ambani's conglomerate to stream IPL for free after paying $2.7 bn

Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani's conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion

Airlines turn market darlings as Covid-19 forces financial clean up

Virgin Australia, so financially frail when Covid-19 hit in 2020 that it folded in weeks, has undergone a remarkable transformation under new owner Bain Capital

Tesla board misrepresented Elon Musk's $55 billion pay package, says lawyer

Board members filled proxy disclosures with "half-truths" about the package, which would be the largest-ever awarded to a CEO, the lawyer, Greg Varallo, said Tuesday

Adani Group isn't India, but its troubles mirror the nation's woes

The target of Hindenburg Research's attack is the Adani Group, which aggressively marshaled capital from around the world into India's unmet aspirations

BS Awards for Corporate Excellence: Power-packed jury to pick winners today

Chaired by K M Birla, the 8-member panel will select best in corporate India across 7 categories

Rajan Amba to take over as JLR managing director, succeeds Rohit Suri

Appointment comes at a time when JLR is facing supply chain issues hampering its production

Intangles raises $10 mn in series A funding from Baring PE Partners

The funding will be utilised for serving a robust new customer pipeline, expanding global presence and accelerating hiring to augment product engineering, sales and delivery teams, Instangles said

Diagnostics sector looks to raise prices with new entrants revising rates

Online players had kept rates low, but with Covid time volumes gone, the trend is changing

Kalpataru Power, its international arms bag orders worth Rs 3,185 crore

Kalpataru Power Transmission on Monday said it has bagged orders worth Rs 3,185 crore across various business segments in the domestic as well as international market. Kalpataru Power Transmission Ltd (KPTL) and its international subsidiaries have secured new orders/notification of awards of Rs 3,185 crore, a company statement said. These include orders in the T&D (transmission distribution) business of Rs 1,481 crore and EPC (engineering procurement construction) projects in the water business of Rs 1,509 crore, a company statement said. There is a commercial building project of Rs 195 crore also, it added. "We are witnessing a significant uptick in the Water and T&D business, which we believe will be a major growth driver for us going forward," said Manish Mohnot, Managing Director & CEO, KPTL. With these order wins, the company order intake for the financial year 2022-23 stood at Rs 22,672 crore, he added. KPTL is one of the largest specialized EPC companies engaged in .