COMPANIES & SECTORS


Moneylife Digital Team 06 October 2022
Tightening liquidity conditions and ensuing volatility in asset prices could impact the entities having reliance on equity infusions through initial public offerings (IPOs), rights issues or monetisation of assets, says a research note.   In the report, India Ratings and Research...

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With the judge in the Twitter-Elon Musk case declaring that the micro-blogging platform could hunt for Musk's secret chats with whistleblower Peiter 'Mudge' Zatko, the Tesla CEO may have decided to make a turnaround and announce to go ahead with the $44 billion takeover deal he earlier...

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Moneylife Digital Team 04 October 2022
Competition Commission of India (CCI) on Tuesday approved the Sony-Zee merger based on several conditions. CCI has imposed limits to prevent Zee Sony from abusing its dominating market position.    In December 2021, Sony and Zee announced that they will integrate their television...

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Moneylife Digital Team 04 October 2022
The recent hike in natural gas prices by 40% will moderate India's city gas consumption volume growth to 8%-10% this fiscal year versus an earlier projection of 20%-25%, says a research report by CRISIL Ratings.    On 30 September 2022, the ministry of petroleum and natural gas...

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Top IT (information technology) and tech firms like Wipro, Infosys and Tech Mahindra have reportedly revoked offer letters given to students after delaying their joinings by nearly three-four months.   According to reports, hundreds of freshers were given offer letters but, first, the...

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A Delhi court has dismissed the statutory bail pleas of Mumbai-based Dewan Housing Finance Corporation Ltd's (DHFL) former promoters Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan in connection with a multi-crore bank loan scam case.   "The filing of the present charge sheet in the...

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Debt-light balance sheets, domestic demand and better cash-flows have resulted in higher credit ratio during the first half of FY22-23 (H1FY22-23), said CRISIL Ratings.   According to CRISIL Ratings, the corporate credit ratio (upgrades vs downgrades) continues to be high—at 5.52...

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Amid the current global economic slowdown, crypto exchange WazirX has reportedly laid off 40 per cent of its total workforce.   A total of 50 to 70 employees of the 150 workers at the exchange were asked to go, CoinDesk reported, citing sources.   The laid-off employees were...

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IANS 28 September 2022
In a high-profile media feed hacking, US-based business news publication Fast Company on Wednesday said its content management system (CMS) was hacked and two obscene and racist push notifications were sent to users via its Apple News alerts.   Apple immediately addressed the incident...

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Moneylife Digital Team 27 September 2022
The ministry of corporate affairs (MCA) appointed Nand Kishore as managing director (MD) of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS), while incumbent MD CS Rajan has been made non-executive chairman. After the end of the term of Uday Kotak on 2 April 2022, Mr Rajan was...

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Moneylife Digital Team 26 September 2022
Operating profitability of cement-makers in India will decline about 15% to Rs900/tonne to Rs925/tonne in fiscal 2023, adding to the pain of a 9% decline previous fiscal, as an increase in realisations will not be enough to offset the rise in prices of coal, petcoke and diesel that have...

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Sher Singh 26 September 2022
In an interesting case of foreign investment in the Indian agricultural sector, Nashik-based Sahyadri Farms Post Harvest Care Ltd, a little-known farmer-led agri-processing company, has raised Rs310 crore from a consortium of impact investors Incofin, Proparco, FMO and Korys. The consortium...

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IANS 26 September 2022
Delhi High Court (HC) has restrained Axis Bank from substituting PS Toll Road Pvt Ltd (PSTR) as the concessionaire of the Pune-Satara Toll Road Project.   Delhi HC has found Axis Bank in breach of its own undertaking given before the Court.   The Court, in its order, has said...

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IANS 26 September 2022
63 moons technologies, a global leader in providing next-generation technology, user-friendly financial platforms and solutions, and digital markets, on Monday said the company would not provide its exchange technology support and services to Multi Commodity Exchange (MCX) beyond this...

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Moneylife Digital Team 24 September 2022
The Supreme Court (SC), on Thursday, pronounced a jail term of six months to brothers Malvinder Singh and Shivinder Singh in a case filed by Daiichi Sankyo. The Japanese drug-maker had filed a case against the Singh brothers for concealing information regarding wrongdoing while selling their...

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IANS 24 September 2022
Edtech major BYJU's has finally paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services.   People close to the development told IANS that BYJU's paid the remaining dues to Blackstone...

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IANS 23 September 2022
Steel major Tata Steel Ltd will amalgamate seven group companies with itself, the company said.   In a regulatory filing, Tata Steel said its board of directors at a meeting held on Friday has approved the seven schemes of amalgamation:   1. Tata Steel Long Products...

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Moneylife Digital Team 22 September 2022
The Supreme Court (SC) on Thursday dismissed a review petition filed by Axis Bank Ltd against a recent order passed by the apex court in the corporate insolvency resolution process (CIRP) for Vidarbha Industries Power Ltd, says a report from Bar & Bench.    While dismissing the review...

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IANS 22 September 2022
The enforcement directorate (ED) on Thursday attached assets worth Rs2,747.69 crore of the ABG Shipyard Limited in bank fraud case.   The ED said that the attached assets include shipyards in Gujarat's Surat and Dahej; agricultural lands and plots, various commercial and residential...

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IANS 22 September 2022
Masayoshi Son-led SoftBank has cut the internal valuation of Ritesh Agarwal-run Oyo to US$2.7bn (billion) from its last reported valuation of nearly $10 billion, TechCrunch reported on Thursday.   The reported valuation cut comes at a time when the hospitality major is eyeing its...

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