Clipped from: https://www.business-standard.com/article/economy-policy/seafood-industry-to-bounce-back-in-fy22-on-strong-demand-sme-tracker-121010401028_1.html Domestic appetite for seafood waned as the pandemic-induced lockdown weakened demand from hotels, restaurants and cafes Subdued demand in both domestic and export
Category: Industry
Zomato’s FY20 losses widen, revenues see substantial growth – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/zomatos-fy20-losses-widen-revenues-see-substantial-growth/2164191/ Zomato’s net losses increased by as much as 160.63% to Rs 2,451.17 crore in the year to March 31, 2020, the company’s regulatory
Not a penny to equity holders as DHFL bidders value firm’s shares at zero | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/not-a-penny-to-equity-holders-as-dhfl-bidders-value-firm-s-shares-at-zero-121010400844_1.html Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share
A Canadian ‘Buy Local’ effort fights Amazon on its own turf – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/a-canadian-buy-local-effort-fights-amazon-on-its-own-turf/articleshow/80079814.cmsSynopsis So far, the Not Amazon website has garnered more than half a million page views and grown to include 4,000 businesses across Toronto,
ArcelorMittal, JSW Steel among six firms keen on buying Uttam Galva Steel | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/arcelormittal-jsw-steel-among-six-firms-keen-on-buying-uttam-galva-steel-121010300414_1.html Uttam Galva’s total admitted claims are Rs 9,070.66 crore, with ArcelorMittal having an 87 per cent voting share among financial creditors ArcelorMittal became
Brewing new ideas to sustain tea sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/brewing-new-ideas-to-sustain-tea-sector/article33465737.ece?homepage=true Tea plantation business has gone through a tumultuous last two decades, ever since the WTO came into being and quantitative restrictions (QRs) were
GoAir auditors raise going concern doubts as net worth erodes in FY20 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/goair-auditors-raise-going-concern-doubts-as-net-worth-erodes-in-fy20/article33465567.ece?homepage=true GoAir’s poor financial health and the ongoing Covid-19 pandemic have led the low-cost carrier’s independent auditors to cast doubts on whether it can
63 moons moves NCLT seeking recovery for DHFL creditors – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/63-moons-moves-nclt-seeking-recovery-for-dhfl-creditors/2161949/ “The benefit of avoidance applications for approximately Rs 30,000 crore filed by DHFL administrator under section 66 of Insolvency and Bankruptcy Code (IBC)
New six-month window: India Inc allowed to hold Board meetings via video conferencing till June 30 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/new-six-month-window-india-inc-allowed-to-hold-board-meetings-via-video-conferencing-till-june-30/article33465071.ece?homepage=true Video conferencing option for Board meetings should be legislated, suggest company law experts This is the fourth time that MCA is extending this
DPIIT writes to ED, RBI over alleged violations by Amazon, Flipkart: CAIT | Deccan Herald
The Commerce Ministry has forwarded representations of alleged violations by Amazon and Flipkart to the Enforcement Directorate and the Reserve Bank for “necessary action”, according
Powering up | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/electric-vehicles-market-india-tesla-7125381/ Government will need to incentivise shift to electric vehicles. Widespread adoption will require supporting infrastructure The electric vehicles market in India appears to
Maersk: With an eye on vaccines, logistics sector preps to go full throttle in 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/with-an-eye-on-vaccines-logistics-sector-preps-to-go-full-throttle-in-2021/articleshow/80003535.cmsSynopsis The pandemic and its fallouts severely crippled India’s logistics sector in 2020. But with the massive task of distributing vaccines across the country,
From the brink to recovery, India’s retail sector pins hope on 2021 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/from-the-brink-to-recovery-indias-retail-sector-pins-hope-on-2021/articleshow/80007102.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the
Auto parts industry revenue to grow 16-18% in FY22; outlook revised from negative to stable: ICRA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/auto/auto-components/auto-parts-industry-revenue-to-grow-16-18-in-fy22-outlook-revised-from-negative-to-stable-icra/articleshow/80009781.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis ICRA expects the domestic auto component industry’s revenue to grow 16-18 per cent in the financial year starting April 2021, supported by factors
Why the bid war for DHFL may well end up being a curse for the winner | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/why-the-bid-war-for-dhfl-may-well-end-up-being-a-curse-for-the-winner-120122800905_1.html Establishing a greenfield HFC may be cheaper for the bidders than picking up one embroiled in fraud probes As the race for beleaguered
Centre extends suspension of insolvency initiation under IBC till March 25 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/centre-extends-suspension-of-insolvency-initiation-under-ibc-till-march-25/article33400181.ece Calibrated end of suspension may have helped debtors, say experts The Ministry of Corporate Affairs (MCA) has extended by three more months —
Liquidation under IBC: Understanding the numbers – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/liquidation-under-ibc-understanding-the-numbers/2158508/ Even cases forfeited under BIFR have seen 23% recovery from IBC liquidation By Neeti Shikha, Urvashi Shahi & Rahul Prakash Not even four
Reliance Communications’ resolution may hit a bump as banks mark its account as fraud – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/rcom-resolution-may-hit-a-bump/articleshow/79983719.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Resolution applicants Reliance Jio Infocomm and UV Asset Reconstruction Co. Ltd (UVARCL) may want to seek indemnity from any investigative proceedings into these
Asus bets on offline retail, to add 1,000 retail points – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/asus-bets-on-offline-retail-to-add-1000-retail-points/articleshow/79975815.cmsSynopsis “Post lifting of lockdown, the demand continues to be strong. From about 2.5 lakh units a month, the sales for the industry have
Ahead of DHFL voting, Oaktree fires fresh salvo against Piramal bid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/ahead-of-dhfl-voting-oaktree-fires-fresh-salvo-against-piramal-bid/articleshow/79980300.cmsSynopsis A key point that Oaktree is harping on is the structure Piramal’s have proposed in their business plan, that involves a merger between
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