Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/creditors-to-scrap-bankruptcy-process-of-siva-industries/articleshow/82563723.cms Synopsis–The creditors, which include State Bank of India and Malaysia’s Maxis Communications Bhd, the former owner of telecom operator Aircel, have accepted Sivasankaran’s
Category: Company Specific News
Jaypee Infra insolvency: NBCC, Suraksha submit revised bids – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/jaypee-infra-insolvency-nbcc-suraksha-submit-revised-bids/articleshow/82551233.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis New Delhi, May 11 () State-owned NBCC and Suraksha group, which are in the race to acquire Jaypee Infratech under the insolvency resolution
HDFC picks up stake in CSC Grameen e-Store, banking on rural commerce – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/technology/hdfc-bank-gets-1-5-of-grameen-estore-for-rs-10-crore/articleshow/82532483.cmsSynopsis This comes after the digital arm of the Tata Group — Tata Digital — had purchased a similar stake in the government-run rural
Blackstone acquires Embassy Industrial parks for Rs 5,200 crore – The Financial Express
lipped from: https://www.financialexpress.com/industry/blackstone-acquires-embassy-industrial-parks-for-rs-5200-crore/2249486/ Embassy Industrial Parks’ warehouses are located across major industrial hubs including Bengaluru, NCR, Hyderabad as well as Pune, and are leased to leading
Jockey’s Page Industries fails to get ITC relief on promotional goods from AAAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jockeys-page-industries-fails-to-get-itc-relief-on-promotional-goods-from-aaar/article34527439.ece ‘The ruling has rightly held that display boards, posters, etc. sent to the franchisees, distributors are inputs and not capital goods’ The Appellate
Flipkart introduces a slew of initiatives to support sellers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flipkart-introduces-a-slew-of-initiatives-to-support-sellers/article34509028.ece Provides them financial, health and safety benefits E-commerce major Flipkart has extended various initiatives to lakhs of MSMEs, small scale sellers, artisans, weavers
This start-up brings some ‘difficult’ traditional vegetables back to kitchens – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/agri-business/this-start-up-brings-some-difficult-traditional-vegetables-back-to-kitchens/article34501416.ece nGV Natural Industry is supplying two such vegetables – banana stem and tender jackfruit – in RTC format You would have tasted some
Flipkart introduces a slew of initiatives to support sellers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/flipkart-introduces-a-slew-of-initiatives-to-support-sellers/article34509028.ece Provides them financial, health and safety benefits E-commerce major Flipkart has extended various initiatives to lakhs of MSMEs, small scale sellers, artisans, weavers
Second month in row, Walmart’s PhonePe logs over 1 billion transactions | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/second-month-in-row-walmart-s-phonepe-logs-over-1-billion-transactions-121050701417_1.htmlIn March, it had processed 1.19 billion transactions amounting to Rs 2.31 trillion For two consecutive months, Walmart-backed PhonePe has processed more than a billion transactions
Reliance Industries may renegotiate Future group valuation: Bankers | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/reliance-industries-may-renegotiate-future-group-valuation-bankers-121050800056_1.html FRL sales to drop by 71% in FY21 owing to pandemic impact; sales in FY22 to remain about 30% lower than in FY20,
PSBs will only lead bad bank, pvt banks also need to support it: SBI MD – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/psbs-will-only-lead-bad-bank-pvt-banks-also-need-to-support-it-sbi-md/articleshow/82434371.cmsSynopsis If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per
IDBI expects 2% of small borrowers to opt for recast – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/idbi-expects-2-of-small-borrowers-to-opt-for-recast/articleshow/82448203.cmsSynopsis IDBI Bank exited RBIs prompt corrective action (PCA) framework after four years in March this year, posted profits of Rs 512 crore at
Parekh brings Infosys back to a position where it is bagging large deals | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/parekh-brings-infosys-back-to-a-position-where-it-is-bagging-large-deals-121050501345_1.html Analysts across the segment agree that Parekh’s presence and focus on recharging the company has worked Salil Parekh, CEO of Infosys It has
Despite rangebound performance, FPI shareholding in RIL hits record 24.9% in March 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/despite-rangebound-performance-fpi-shareholding-in-ril-hits-record-24-9-in-march-2021/articleshow/82391667.cms SynopsisMajor factors that make RIL attractive to FPIs include the rising contribution of consumer facing businesses to the revenue, a balance sheet with
Steel makers raise prices by up to Rs 4,500 per tonne – The Financial Express
Clipped from: https://www.financialexpress.com/industry/steel-makers-raise-prices-by-up-to-rs-4500-per-tonne/2245856/ Despite anaemic domestic demand primarily due to lockdown and restrictions on mobility, the price hike is mainly to align with the international prices,
FPIs bet big on private insurers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/fpis-bet-big-on-private-insurers/article34480992.ece Between FY19 and FY21, FPIs pumped in ₹52,527 crore into the insurance sector Foreign portfolio investors (FPIs) are going strong on the Indian
API supply concerns from China fuel Alembic Pharma’s global prospects – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/api-supply-concerns-from-china-fuel-alembic-pharmas-global-prospects/article34481925.ece Company’s segment revenues surge 35% during the year The Covid-led supply disruptions of Active Pharmaceutical Ingredients (API) from China last year has proved
RBL Bank Q4 net profit down 34% – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbl-bank-q4-net-profit-down-34/article34480127.ece Sharp rise in provisions and lower interest income hit bottomline Private sector lender RBL Bank reported a 34 per cent drop in its
Pricing pressure in US market to impact margins of pharma companies | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/pricing-pressure-in-us-market-to-impact-margins-of-pharma-companies-121050401041_1.html Lack of new launches due to inspection delays, intensifying competition key headwinds Representational image The margins of Indian generic drug makers could be
RIL’s Rs 53,124-cr rights: Partly paid premium shrinks as call date nears | Business Standard News
lipped from: https://www.business-standard.com/article/markets/ril-s-rs-53-124-cr-rights-partly-paid-premium-shrinks-as-call-date-nears-121050401025_1.html Analysts advice investors to make switch to fully-paid shares Photo: Shutterstock The price of Reliance Industries’ (RIL’s) partly-paid (PP) and fully-paid (FP) shares
