lipped from: https://www.business-standard.com/article/markets/ceat-pricol-auto-ancillary-stocks-look-set-to-rally-further-charts-show-121051400370_1.html With a “Higher High, Higher low” formation, the stock of Pricol has gradually risen to higher levels recently. On the ground, however, automobile
Category: Company Specific News
GDR scam: SEBI lets Aptech off the hook – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/gdr-scam-sebi-lets-aptech-off-the-hook/article34552194.ece Spares the company monetary penalty; says law cannot be applied retrospectively Market regulator SEBI had found Aptech Ltd guilty of fraud in the
zomato IPO: As countdown begins for Zomato IPO, a Rs 14,000 crore question looms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/as-countdown-begins-for-zomato-ipo-a-rs-14000-crore-question-looms/articleshow/82605292.cmsSynopsis In its draft red herring prospectus, Zomato proposes to utilise 75 per cent of the Rs 7,500 crore IPO proceeds for tapping organic
IDBI Bank to cap corporate exposure to Rs 500 crore: Here’re the details | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/idbi-bank-to-cap-corporate-exposure-to-rs-500-crore-here-re-the-details-121051300057_1.html The bank is also looking to grow its Rs 45,000 crore corporate book by about 10 per cent. Its capital adequacy stood at
‘INNergise’ to Mood Diet: Five-star hotels go all out to beat Covid blues | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/5-star-hotels-curate-special-menus-for-home-delivery-to-beat-pandemic-blues-121051201279_1.html Focus of home delivery menus is on foods that provide nutrition and improve mood without pinching customers’ pockets The move, they hope, would
Mumbai helps Vodafone Idea add 1.56 million subscribers after 20 months | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/mumbai-helps-vodafone-idea-add-1-56-million-subscribers-after-20-months-121051201571_1.html The company’s subscriber base in Mumbai went up from 8.9 million in January this year to 10.47 million in February Though Vodafone Idea Limited (VIL)
Opportunity for India Inc to take forward cover widens as rupee strengthens | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/opportunity-for-india-inc-to-take-forward-cover-widens-as-rupee-strengthens-121051200828_1.html Many mid-sized firms don’t take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will
India Inc on debt trimming spree; Most Nifty 50 firms reduce promoters’ pledged shareholdings – The Financial Express
Clipped from: https://www.financialexpress.com/market/promoters-pledged-shareholding-falls-to-1-64-in-q4-value-of-pledged-shares-at-rs-1-6-lakh-cr/2250518/ With the decrease in promoter pledges, the value of promoter pledged holdings stood at Rs 1.6 lakh crore, about 0.81% of the total
restructuring to depend on May flow: IndusInd Bank CEO – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/too-early-to-predict-covid-2-0-impact-restructuring-to-depend-on-may-flow/articleshow/82592643.cmsSynopsis There couldn’t have been a worse time to become a bank CEO than March 2020. When Sumant Kathpalia became the CEO of IndusInd
Siva Industries: Creditors to scrap bankruptcy process of Siva Industries – The Economic Times
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
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
aniltikotekar4sme.com 