Clipped from: https://economictimes.indiatimes.com/news/economy/finance/lack-of-clarity-icici-shuts-out-crypto-trades/articleshow/82337734.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis–India’s largest private sector lender ICICI Bank is distancing itself from Bitcoin and other cryptocurrencies amid conflicting signals from the Supreme Court and
Category: Company Specific News
ITC has underperformed despite positive sentiment. Is the market right in punishing the stock? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/money-and-markets/itc-has-underperformed-despite-positive-sentiment-is-the-market-right-in-punishing-the-stock/primearticleshow/82297785.cms Synopsis–Since 2014, the ITC stock has been a laggard. But things are changing post the company’s huge investment in the non-tobacco category. There
KTIL top bidder for Lanco Hoskote Highway, NCLT approval awaited – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/ktil-top-bidder-for-lanco-hoskote-highway-nclt-approval-awaited/articleshow/78358155.cmsSynopsis A banker in the know of the developments said the committee of creditors (CoC) has recently approved the bid of Kalyan group entity
New Bank of India: How a Shree Cement promoter transferred INR3,000 crore shares to private entities for a pittance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/prime/corporate-governance/how-a-shree-cement-promoter-transferred-inr3000-crore-shares-to-private-entities-for-a-pittance/primearticleshow/82183964.cms SynopsisNBI Industrial finance quietly transferred its shareholdings to its parent entities for just INR89 crore. InGovern Research, which unearthed these deals, calls for
Tata to finally enter online grocery with CCI nod to BigBasket stake deal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tata-to-finally-enter-online-grocery-with-cci-nod-to-bigbasket-stake-deal-121042900892_1.html With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs
ICICI bank: ICICI Bank launches contactless banking platform for merchants – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/icici-bank-launches-contactless-banking-platform-for-merchants/articleshow/82306780.cmsSynopsis It aims to empower over two crore retail merchants in the country with seamless banking services digitally. ICICI Bankon Thursday announced the launch
Confidence level of US, Europe high; India stress will reduce: CP Gurnani – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/information-tech/confidence-level-of-us-europe-high-india-stress-will-reduce-cp-gurnani/articleshow/82262268.cms Synopsis–Tech Mahindra chief executive CP Gurnani said the IT services provider is on a growth path as its core telecom customers as well
Police book Indiabulls promoters, directors; firm moves court to quash FIR | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/police-book-indiabulls-promoters-directors-firm-moves-court-to-quash-fir-121042700022_1.html The Enforcement Directorate (ED) is learnt to have reached out to the police team seeking details of the case, a senior official confirmed
ICICI Bank shares: Deja Vu for ICICI Bank investors: Will it be better this time? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/deja-vu-for-icici-bank-investors-will-it-be-better-this-time/articleshow/82260544.cms Synopsis–Investors would recollect that the last time ICICI Bank had reported better growth than HDFC Bank was in the mid-2000s when the former
Blow to Uday Kotak as RBI caps tenure of bank founders, CEOs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/blow-to-uday-kotak-as-rbi-caps-tenure-of-bank-founders-ceos/articleshow/82259687.cmsSynopsis “While examining the matter of re-appointment of such MD&CEOs or WTDs within the 12-15 years period, the level of progress and adherence to
Tech Mahindra FY21 net profit up 9.8% to Rs 4,428 crore–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/tech-mahindra-fy21-net-profit-up-98-to-rs-4428-crore/story/437614.html Tech Mahindra also announced the acquisition of Eventus Solutions Group to bolster consulting capabilities in customer experience and customer management space. Tech Mahindra
Indiabulls Housing Finance to change its avatar, become originator of loans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/indiabulls-housing-finance-to-change-its-avatar-become-originator-of-loans/articleshow/82199995.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Managing director Gagan Banga said the company has taken a conscious decision to no longer expand its balance sheet but instead earn income
Shree Cement promoters under scanner for ‘acquiring shares at steep discount’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/shree-cement-promoters-under-scanner-for-acquiring-shares-at-steep-discount/article34387032.ece?homepage=true Promoters cornered shares in related party deal without seeking minority shareholders nod, says InGovern Promoters of Shree Cement have come under the scanner
‘Zoho is helping restore the talent where it belongs– villages’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/zoho-is-helping-restore-the-talent-where-it-belongs-villages/article34383325.ece?homepage=true “Concentration of jobs in cities has taken away talented youth from the villages,” says Sridhar Vembu, CEO and Co-founder, Zoho Corp Setting up
Reliance Communication headed for liquidation after NCLAT judgment | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/reliance-communication-headed-for-liquidation-after-nclat-judgment-121041800877_1.html Debt resolution only after clearance of govt dues, says tribunal Anil Ambani, chairman of Reliance Communications. Anil Ambani-promoted Reliance Communications (RCom), which is now bankrupt,
SEBI issues notice to Fortis Healthcare subsidiary over diversion of funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/sebi-issues-notice-to-fortis-healthcare-subsidiary-over-diversion-of-funds/article34337811.ece?homepage=true Former promoters Singh brothers allegedly siphoned-off ₹500 crore Leading hospital chain Fortis Healthcare (FHL) disclosed on Friday that its subsidiary, Escorts Heart Institute
India needs to create jobs at scale: Nilekani – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/india-needs-to-create-jobs-at-scale-nilekani/articleshow/82117193.cmsSynopsis India needs job creators and Amazon has the potential to do that at scale, said Nandan Nilekani, chairman, Infosys, speaking at the Amazon
Insurepays hopes to raise $5-7 million in Series A funding – The Financial Express
lipped from: https://www.financialexpress.com/market/insurepays-hopes-to-raise-5-7-million-in-series-a-funding/2234514/ Insurepays currently has 1.6 lakh customers and is looking to increase this to 30 lakh over the next 12-18 months. By that time,
Amazon tells Indian court – Reuters story is no reason to resume antitrust probe – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-tells-indian-court-reuters-story-is-no-reason-to-resume-antitrust-probe/articleshow/82089332.cmsSynopsis The Reuters report showed the U.S. firm gave preferential treatment to a small group of sellers on its platform, sidestepping foreign investment rules
NCLAT’s dismissal of DVI appeal may pave the way for Amtek resolution | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclat-s-dismissal-of-dvi-appeal-may-pave-the-way-for-amtek-resolution-121041601080_1.html Amtek owes lenders Rs 12,641 cr and was on RBI’s first list of NPAs mandated for resolution under Bankruptcy Code. The DVI bid
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