Clipped from: https://www.thehindubusinessline.com/news/national/income-tax-searches-on-ramky-group-reveals-huge-tax-evasion-1200-crore-made-up-loss/article35232998.ece?homepage=true The documents recovered indicate that the loss was artificially created to set off the respective capital gains Following a search and seizure operation
Category: Company Specific News
Ajay Piramal is taking a leap of faith with the acquisition of DHFL. Can he get it right this time? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/ajay-piramal-is-taking-a-leap-of-faith-with-the-acquisition-of-dhfl-can-he-get-it-right-this-time/primearticleshow/84184335.cms SynopsisPiramal Group’s DHFL acquisition is a combination of Ajay Piramal’s aspiration to build a decent-scale financial-services business and the management’s perseverance through the
Vodafone Idea: Voda Idea needs minimum Rs 70,000 crore equity funding plus govt relief to survive: Analysts – The Economic Times
lipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/voda-idea-needs-minimum-rs-70000-crore-equity-funding-plus-govt-relief-to-survive-analysts/articleshow/84138233.cmsSynopsis “Vi will need to raise around Rs 70,000 crore in equity or increase its average revenue per user (ARPU) to around Rs 200
Vodafone Idea: Cash-strapped Vodafone Idea looks to monetise assets to raise $1 billion – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/cash-strapped-vi-looks-to-monetise-assets-to-raise-1-billion/articleshow/84130668.cmsSynopsis The telco needs to pay Rs 22,500 cr between December 2021 and April 2022 toward a mix of regular debt, adjusted gross revenue
Tata Motors to remain sharply focused on high-growth segments of the market | Business Standard News
Clipped from: https://www.business-standard.com/article/automobile/tata-motors-to-remain-sharply-focused-on-high-growth-segments-of-the-market-121070400579_1.html Encouraged by turnaround in passenger vehicle business in terms of volumes, market share and brand recall, the firm is no longer in a
Amazon, Tata say Indian govt e-commerce rules will hit businesses: Report | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/amazon-tata-say-indian-govt-e-commerce-rules-will-hit-businesses-report-121070300907_1.html Govt’s tough new e-commerce rules announced on June 21 aimed at strengthening protection for consumers, caused concern among the country’s online retailers Amazon.com
Will raise funds soon, says Vodafone-Idea’s Managing Director Ravinder Takkar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/will-raise-funds-soon-says-vodafone-ideas-managing-director-ravinder-takkar/articleshow/84084488.cmsSynopsis Vi has already paid Rs 7,854 crore to the Department of Telecommunications (DoT) and has to pay Rs 9,000 crore in March 2022,
Debt-laden Vodafone Idea breaches the loan covenants with lenders | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/debt-laden-vodafone-idea-breaches-the-loan-covenants-with-lenders-121070300067_1.html Lenders want telco to put more skin in the game For the financial year ended March 2021, the company announced a negative net
Investors unwilling to invest in telco untill industry health improves: Voda Idea to DoT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/investors-unwilling-to-invest-in-telco-untill-industry-health-improves-voda-idea-to-dot/articleshow/84017742.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In a letter to the Department of Telecommunications (DoT) dated June 25, the mobile phone company said that due to the adjusted gross
Auditor doubts Voda Idea’s ability to remain a ‘going concern’; analysts see 48% drop in stock – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/auditor-doubts-voda-ideas-ability-to-remain-a-going-concern-analysts-see-48-drop-in-stock/articleshow/84010793.cmsSynopsis The streak of losses made the auditor of the telecom operator raise concerns over the telco’s ability to remain a ‘going concern’. Analysts
Thyrocare deal: PharmEasy founders out to build Amazon of health care | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/thyrocare-deal-pharmeasy-founders-out-to-build-amazon-of-health-care-121062700900_1.html Of the three healthcare baskets that PharmEasy is targeting, it has already created a significant presence in consultation and treatment (From left) PharmEasy
What’s in store for PMC depositors | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/what-s-in-store-for-pmc-depositors-121062700789_1.html They will probably get their money back through staggered payments, and part of it can be converted into equity. Hundreds of employees of
Jet Airways: Seven-member panel to manage airline under resolution plan | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/jet-airways-seven-member-panel-to-manage-airline-under-resolution-plan-121062601097_1.html Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing Photo: Shutterstock A seven-member monitoring
Online pharmacy PharmEasy on Friday announced it will acquire a controlling stake in diagnostic chain Thyrocare for Rs 4,546 crore.
Clipped from: https://www.financialexpress.com/industry/sme/pharmeasy-to-acquire-controlling-stake-in-diagnostic-chain-thyrocare-in-deal-worth-rs-4546-crore/2278746/ The transaction, which is significant because an entrenched player is getting acquired by a start-up, will also see a subsidiary of API making
Online pharmacy PharmEasy on Friday announced it will acquire a controlling stake in diagnostic chain Thyrocare for Rs 4,546 crore.
lipped from: https://www.financialexpress.com/industry/sme/pharmeasy-to-acquire-controlling-stake-in-diagnostic-chain-thyrocare-in-deal-worth-rs-4546-crore/2278746/ The transaction, which is significant because an entrenched player is getting acquired by a start-up, will also see a subsidiary of API making
Post DHFL acquisition, PEL better placed to work on demerger plans – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/post-dhfl-acquisition-pel-better-placed-to-work-on-demerger-plans/article34962376.ece?homepage=true Demerger and eventual listing of its financial services and pharma businesses in the works Upbeat about prospects in the current fiscal, Piramal Enterprises
Shares up post Carlyle deal, top PNB Housing execs sold off ESOPs | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/companies/shares-up-post-carlyle-deal-top-pnb-housing-execs-sold-off-esops-7374664/ In fact, between June 2 and June 22, at least 23 senior executives of the company sold their shares worth an aggregate of
Long haul ahead | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/long-haul-ahead-121062301934_1.html Jet Airways revival will be a challenge for new owners The National Company Law Tribunal has cleared the revival plan for Jet Airways,
NCLT nod for Jet plan, with riders – The Financial Express
Clipped from: https://www.financialexpress.com/industry/nclt-nod-for-jet-plan-with-riders/2276521/ The development comes a little after two years since the Jet Airways suspended its operations due to financial crisis. Jet has admitted claims
Jet Airways may take a year to start flying again after revival plan approval – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-may-take-a-year-to-start-flying-again/articleshow/83765810.cmsSynopsis The new owners of Jet, a consortium of UK-based investor Kalrock Capital and Gulf businessman Murari Lal Jalan, will need to seek several
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