Page 5 - Private Companies
Listed private mfg firms' sales soar 75% in Q1 on low base: RBI data
Sales of 1,647 listed private manufacturing companies recorded "extraordinarily high" growth of 75% in the first quarter of FY'22 mainly due to a very low base in the pandemic-hit year-ago period
 "Listed private mfg firms' sales soar 75% in Q1 on low base: RBI data")
Gadkari asks private players to come forward for developing social bonds
Union Minister Nitin Gadkari on Monday asked all private sector entities to come forward for the development of social bonds
 "Gadkari asks private players to come forward for developing social bonds")
PAG to invest Rs 1,054 cr for majority stake in contract manufacturing firm
Vishal Shah will retain a significant minority stake in Acme and continue as managing director and CEO.
 "PAG to invest Rs 1,054 cr for majority stake in contract manufacturing firm")
Sales of listed private manufacturing companies jump 31% in Jan-Mar quarter
Sales of listed private manufacturing companies surged 31 per cent year-on-year in the fourth quarter of the last fiscal on favourable base as well price effect, according to RBI data
 "Sales of listed private manufacturing companies jump 31% in Jan-Mar quarter")
Sebi overhauls norms for appointment, removal of independent directors
Move designed to reduce sway of promoters; regulator also prunes minimum application amount for REITs and InvITs to Rs 10,000-15,000.
 "Sebi overhauls norms for appointment, removal of independent directors")
Adar Poonawalla exits Panacea Biotec; sells entire stake for Rs 118 cr
Serum Institute of India CEO Adar Poonawalla offloaded his entire stake in Panacea Biotec amounting to 5.15 per cent shareholding of the firm for Rs 118 crore, through an open market transaction
 "Adar Poonawalla exits Panacea Biotec; sells entire stake for Rs 118 cr")
US private sector adds 517,000 jobs in March on labour market recovery
Private companies slashed roughly 20 million jobs in March and April last year amid Covid-19 shutdowns
 "US private sector adds 517,000 jobs in March on labour market recovery")
Decoded: What is SPAC and is it the real thing or a misplaced hype?
Special Purpose Acquisition Companies, or SPACs, are listed shell companies created with the sole purpose to acquire unlisted or private companies and then merge with the latter
 "Decoded: What is SPAC and is it the real thing or a misplaced hype?")
Rail PSU invites private players to be part of 'roll-on roll-off' service
Railway PSU DFCCIL has floated a tender inviting private players to be part of a roll-off, roll-on service
 "Rail PSU invites private players to be part of 'roll-on roll-off' service")
Modi says defaming private enterprises won't fetch votes anymore in India
Strongly defends farm acts says investments in agriculture will create jobs; again invites protesting farmers for talks
 "Modi says defaming private enterprises won't fetch votes anymore in India")
More reforms in offing to lift pvt participation in energy sector: Oil secy
With oil prices slumping after the pandemic pummelled fuel demand, upstream producers such as ONGC asked the government to cut oil cess and royalty
 "More reforms in offing to lift pvt participation in energy sector: Oil secy")
Private train operators allowed to choose halt stations: Indian Railways
The private operators have to submit in advance to the Railways the list of such intermediate stations on the trains' paths where they are proposing halts in advance.
 "Private train operators allowed to choose halt stations: Indian Railways")
Opening up of the space sector: India set for breaking new horizons
The initiative of bringing in a 'new space regime' lays a solid foundation for India to multiply its capabilities in space by several folds
Coal workers' strike: Trade unions to decide on future course of action
Tapan Sen, general secretary of the Centre of Indian Trade Unions (CITU), said that in comparison to the previous two days, more workers have joined the strike on Saturday
 "Coal workers' strike: Trade unions to decide on future course of action")
Govt inviting private firms to operate trains will affect the poor: Rahul
Railways on Wednesday formally kickstarted its plans to allow private entities to operate passenger trains on its network
 "Govt inviting private firms to operate trains will affect the poor: Rahul")
Over 16,000 new firms registered since lockdown, 3,200 in April alone
While the numbers have dropped by over a half compared to last year, experts still consider this positive news given the economic climate around the world
 "Over 16,000 new firms registered since lockdown, 3,200 in April alone")
Krishnamurthy Subramanian asks private firms to stop asking govt for aid
Subramanian said that since India had a public distribution system of food grains, the country didn't need to directly transfer cash to the people to support them in times of the pandemic
 "Krishnamurthy Subramanian asks private firms to stop asking govt for aid")
'Treat with urgency': SC tells govt about pleas against compulsory wages
Home ministry has repealed order asking companies to pay wages during lockdown, but court says matter is larger and 'lot of people are affected'.
 "'Treat with urgency': SC tells govt about pleas against compulsory wages")
NHAI to lean on private firms mostly for highways construction in FY21
NHAI targets to build 4,500-km highways in current fiscal year
 "NHAI to lean on private firms mostly for highways construction in FY21")
Lockdown 3.0: Work from home to continue as firms postpone opening
The government has allowed private offices to function with 33 per cent of staff even in red zones, most of which are major cities
 "Lockdown 3.0: Work from home to continue as firms postpone opening")