Clipped from: https://www.financialexpress.com/industry/oaktree-sweetens-dhfl-offer-by-rs-1700-crore/2157120/ In an email sent to committee of creditors (CoC) just before the scheduled meeting of lenders on Thursday, Oaktree Capital said it would
Category: Industry
Paytm’s net losses narrow by 28% in FY20, reports marginal rise in revenue from ops – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/paytms-net-losses-narrow-by-28-in-fy20-reports-marginal-rise-in-revenue-from-ops/2156297/ The fintech major’s total expenses decreased to Rs 5,861.54 crore in FY20 compared with Rs 7,254.8 crore in FY19. Paytm’s net losses narrowed
Self-reliant sugar industry | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/self-reliant-sugar-industry-120122201559_1.html Revenue-sharing mechanism can provide a lasting solution The government has minced no words in telling the sugar industry to stop relying on subsidies and other
CAIT says Amazon’s arbitrary policies to dominate India’s retail trade should end – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/cait-says-amazons-arbitrary-policies-to-dominate-indias-retail-trade-should-end/articleshow/79843206.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The court rejected Future Retail Ltd’s (FRL) plea for an interim injunction to restrain Amazon from writing to Sebi, the Competition Commission and
Debt for telecom industry to rise despite price hikes: ICRA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/telecom/telecom-news/debt-for-telecom-industry-to-rise-despite-price-hikes-icra/articleshow/79838048.cmsSynopsis According to data released by the telecom regulator, the industry revenues in the first of FY21 has grown 25% on-year, while average revenue
Bids for DHFL still under evaluation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/bids-for-dhfl-still-under-evaluation/article33367587.ece The Committee of Creditors (CoC) for the troubled Dewan Housing Finance Corporation Ltd (DHFL) on Friday evaluated the bids by Oaktree Capital, Piramal
Flipkart sees 35 per cent rise in sellers this year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/flipkart-sees-35-per-cent-rise-in-sellers-this-year/2152760/ With the need for social distancing and prioritising safety, the pandemic has led to millions of people turning to e-commerce this past year,
Fret not overmuch over IBC liquidation–economic times
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/fret-not-overmuch-over-ibc-liquidation/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Should we worry that the working of the
SC stays criminal proceedings against former Wipro chairman Azim Premji and others – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/politics-and-nation/sc-stays-criminal-proceedings-against-former-wipro-chairman-azim-premji-and-others/articleshow/79801533.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and
Too big for comfort – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/too-big-for-comfort/article33348171.ece The anti-trust lawsuits from the United States Federal Trade Commission (FTC) and 46 state attorneys general against Facebook are a significant move, given
Mutual benefit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/mutual-benefit/article33356718.ece SEBI’s decisions will help in the long-term growth of the mutual fund industry The Securities and Exchange Board of India (SEBI) has been
Tatas likely to face turbulence while managing Air India: Experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/tatas-likely-to-face-turbulence-while-managing-air-india-experts/article33354013.ece?homepage=true Tata Sons will find it difficult to turn around Air India, even though there are synergies between group companies and the Indian airline.
Amazon Internet Services slips into red in FY20 while revenue jumps 54%; expenses up 60% – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/amazon-internet-services-slips-into-red-in-fy20-while-revenue-jumps-54-expenses-also-shoots-up/2152111/ The profit for Amazon’s subsidiary, which undertakes the resale and marketing of Amazon Web Services’ (AWS) cloud services in India, for the previous
Hospitality industry in middle crisis, will overcome setback by innovation: OYO boss Ritesh Agarwal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/hospitality-industry-in-middle-crisis-will-overcome-setback-by-innovation-oyo-boss-ritesh-agarwal/articleshow/79782800.cmsSynopsis Innovation is going to be the name of the game and, “the travel industry will no doubt come back to equivalent or ahead
Piramal group plans to merge its financial services business with DHFL | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/piramal-group-plans-to-merge-its-financial-services-business-with-dhfl-120121601474_1.html The plan depends on DHFL’s committee of creditors (CoC) accepting the offer over its rival Oaktree’s. The Piramal group is planning to merge its financial
DHFL: Oaktree Capital, Piramal Enterprise trump Adani Properties with new DHFL bids – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/oaktree-piramal-trump-adani-with-new-dhfl-bids/articleshow/79730420.cmsSynopsis Multiple people involved in the discussions said that Oaktree’s ₹36,646-crore offer has the quickest repayment timelines and a higher overall recovery but the
Tough call for DHFL lenders as Oaktree just manages to outbid Piramal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/tough-call-for-dhfl-lenders-as-oaktree-just-manages-to-outbid-piramal-120121401069_1.html Adani does not make aggressive bid in fourth round; all offers have several conditions and banks will have to take a call by
42 NBFCs, housing finance companies increased their provisioning under Indian accounting: EY report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/42-nbfcs-housing-finance-companies-increased-their-provisioning-under-indian-accounting-ey-report/articleshow/79719909.cmsSynopsis The report noted an increase in Expected Credit Loss (ECL) allowance by 33% and an overall increase in provision coverage rate by 26%
Ola to invest Rs 2,400 cr for ‘world’s largest’ e-scooter factory | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ola-to-set-up-world-s-largest-scooter-factory-to-invest-rs-2-400-cr-120121400436_1.html Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units Ride-hailing firm Ola said on
Is Yes Bank out of the woods? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/is-yes-bank-out-of-the-woods-120121300882_1.html The bad loans can grow as much as by 15 per cent from the current level because of the pandemic, but there seems
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