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COMPANIES NEWS - Page 71
Ahead of LIC IPO, Irdai allows insurers to invest more in BFSISubscriber Only
April 30, 2022 09:27 IST
LIC on Wednesday priced its initial public offering (IPO) in the range of Rs 902-949 per share. LIC IPO will open on May 4 and will close on May 9.
Shell agrees to buy India’s Sprng Energy for $1.55 billionSubscriber Only
April 29, 2022 18:12 IST
The deal will triple Shell’s operational renewables capacity and help it achieve net-zero carbon emissions by 2050, the company said in a statement on Friday.
Support plan for chip companies: Import curbs, local sourcing for electronicsSubscriber Only
April 29, 2022 03:51 IST
“Apart from offering financial incentives to companies to set up semiconductor fabs in the country, we could potentially encourage that products made in India will have to use semiconductors made here,” the official said.
Govt launches antitrust raids on Amazon sellers Cloudtail, Appario: Report
April 28, 2022 13:32 IST
Indian retailers, a key part of Prime Minister Narendra Modi's support base, have long contended that Amazon's platform largely benefits a few big sellers, with the firm engaging in predatory pricing that harms their businesses.
Four European gas buyers made ruble payments to Russia: ReportSubscriber Only
April 28, 2022 13:42 IST
Ten European companies have already opened the accounts at Gazprombank needed to meet Russia’s payment demands
Hindustan Unilever Q4 net rises 8.5%
April 28, 2022 04:09 IST
‘In challenging circumstances, we have grown competitively and protected our business model by maintaining margins in a healthy range. I am also pleased that we have become a Rs 50,000 crore turnover company in this fiscal,” CEO & MD Sanjiv Mehta said.
Murdoch-Shankar platform leads Rs 13,500-cr funding in Viacom18Subscriber Only
April 28, 2022 03:33 IST
RIL subsidiary Reliance Projects & Property Management Services Ltd, which has significant presence in television, OTT, distribution, content creation, and production services, will invest Rs 1,645 crore.
Non-compete clause: Labour Ministry calls Infosys, union for joint discussionSubscriber Only
April 28, 2022 03:24 IST
Among the rival companies named in the employment contract are TCS, Accenture, IBM, Cognizant and Wipro for Infosys’ software services wing.
Adani Enterprises sets up wholly-owned subsidiary called AMG Media Networks
April 28, 2022 00:13 IST
The new company will “carry on the business of media related activities, including publishing, advertising, broadcasting, distributing etc. of content over different types of media networks”.
Ex-chairman of debt-hit IL&FS Ravi Parthasarathy passes away
April 28, 2022 00:14 IST
Former non-executive chairman of Infrastructure Leasing & Financial Services (IL&FS) Ravi Parthasarathy passed away on Wednesday.
Twitter-Musk deal includes $1 billion termination fee, filing says
April 27, 2022 09:43 IST
One of the conditions for Musk's payment is if the deal falls through because the equity, debt and or margin loan financing needed is not funded, the filing said.
RIL, Abu Dhabi’s TA’ZIZ ink $2-billion chemical project joint venture
April 27, 2022 00:50 IST
The joint venture will construct and operate a chlor-alkali, EDC and PVC production facility, with total investment of over $2 billion.
A creditor revolt scuttled Mukesh Ambani’s $3.2 billion retail dealSubscriber Only
April 26, 2022 17:52 IST
The unequal treatment led to the move last week, when the local banks rebuffed the $3.2 billion offer from Ambani’s conglomerate. Reliance Industries Ltd. announced the purchase plan in August 2020 but struggled to complete the transaction in the face of legal challenges mounted by Amazon.com Inc., which argued it had the first right of refusal contractually.
No problem in Tesla producing EVs in India but must not import vehicles from China: Gadkari
April 26, 2022 16:42 IST
In an interactive session at the Raisina Dialogue, Gadkari further said India is a large market and there is a huge potential for all electric vehicles.
Funding obscured: The family office behind Musk’s $44 billion Twitter buyout
April 26, 2022 11:09 IST
The office is called Excession and the man who helped build it is Jared Birchall, a former Morgan Stanley banker who has advised Musk on his interactions with Wall Street for several years, according to regulatory filings and legal documents.
FRL shareholders to be hit if banks opt for IBC resolution
April 25, 2022 05:21 IST
RIL has said the takeover proposal can’t be implemented as secured creditors rejected the plan
Future Retail takeover can’t be implemented, says RIL in filingSubscriber Only
April 24, 2022 07:14 IST
On Friday, secured lenders rejected Future Retail Limited’s (FRL) Rs 24,713 crore deal to sell its assets to Reliance Retail Ventures Ltd (RRVL), a subsidiary of RIL.
FRL meet: Some banks not in favour of RIL deal
April 22, 2022 10:04 IST
FRL is yet to officially declare the meeting’s outcome. “If top banks are opposing the sale to RIL, the deal is likely to fall through. The next option is to take the IBC route,” said a banking source.
EV fires: Companies told to act; quality rules soonSubscriber Only
April 22, 2022 03:41 IST
“Several mishaps involving Electric Two Wheelers have come to light in (the) last two months. It is most unfortunate that some people have lost their lives and several have been injured in these incidents,” Gadkari tweeted.
Maruti Suzuki launches the All-New XL6 2022: Here’s price, specifications and more details
April 21, 2022 16:31 IST
Maruti Suzuki XL6 2022 launch: The All-New XL6 is powered by a 1.5-litre next generation K-Series dual jet, dual VVT petrol engine with with progressive smart hybrid technology and provides a peak power of 75.8 kW@6000 rpm and a torque of 136.8 Nm@4400 rpm.
Drone PLI: Zerodha co-founder-backed firm, Adani JV, 12 others make the cutSubscriber Only
April 21, 2022 06:58 IST
The eligibility criteria for the scheme includes an annual sales turnover of Rs 2 crore for drone companies and Rs 50 lakh for drone components manufacturers, along with a value addition of over 40 per cent of their sales turnover.
Attrition high, so Infosys invokes job clause to retain talentSubscriber Only
April 23, 2022 09:58 IST
The non-compete clause under contention says that after resigning, an Infosys employee cannot work, for a period of six months, with one of the named rival companies on a client he or she would have serviced in the preceding 12 months before quitting.
Conscious decision to stop doing biz with Russia: Tata Steel Europe
April 21, 2022 05:49 IST
"Tata Steel does not have any operations or employees in Russia. We have taken a conscious decision to stop doing business with Russia," the company said in a statement.
Reliance Jio goes past Bharti Airtel to become second largest India’s fixed-line service provider
April 20, 2022 17:42 IST
Reliance Jio wireline subscriber base reached over 58.85 lakh while Bharti Airtel recorded a customer base of more than 57.66 lakh in February
HDFC to sell 10% stake in HDFC Capital for Rs 184 crore
April 20, 2022 17:28 IST
HDFC Capital, which was set up in 2016, is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 and 3; and is aligned with the government's goal to increase housing supply and support the Pradhan Mantri Awas Yojana - 'Housing for All' initiative
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