COMPANIES & SECTORS


IANS 29 November 2021
After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.   The revised tariffs will come into effect from December 1, the telecom major said.   The announcement by Reliance Jio comes few days...

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IANS 29 November 2021
The Enforcement Directorate (ED) has issued summons to Amazon India's management and Future Group promoter for questioning in a Foreign Exchange Management Act case.   Amazon India's top management including its head Amit Agarwal was summoned by ED for next week, said source. The...

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IANS 26 November 2021
The IL&FS Group on Thursday completed the sale of its 52.26 per cent stake in Terracis Technologies Ltd (TTL) to Falcon SG Holdings of the Philippines.   Terracis Technologies was formerly known as IL&FS Technologies Ltd, while Falcon SG is a wholly-owned subsidiary of Falcon...

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IANS 24 November 2021
The IL&FS Group has completed the sale of its 71.84 per cent stake in IL&FS Prime Terminals FZC (IPTF) to VTTI Terminal IBV (VTT I).   The sale of the IPTF has successfully resolved IL&FS Group debt outstanding to the tune of Rs 757.79 crore through this transaction.   The...

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IANS 23 November 2021
Telecom operator Vodafone Idea announced on Tuesday that it would raise tariffs for its prepaid users by around 20%.   The revised tariffs will come into effect from November 25, the telecom operator said.   This announcement by Vodafone Idea comes on the heels of Bharti...

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Moneylife Digital Team 23 November 2021
A bizarre corporate battle has broken out in full public view between IndusInd Bank and Spanda Spoorthy controlled by Kedara Capital.    IndusInd Bank today issued a strongly worded clarification to the National Stock Exchange (NSE) regarding the employment of two key officials. The...

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IANS 22 November 2021
Telecom major Bharti Airtel will raise the prepaid tariffs by around 20 per cent.   Accordingly, the new tariffs will come into effect from November 26, 2021.   "Bharti Airtel has always maintained that the mobile 'Average Revenue Per User' (ARPU) needs to be at Rs 200 and...

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IANS 22 November 2021
The Centre has begun the non-core asset monetisation of telecos -- BSNL and MTNL.   Accordingly, DIPAM (Department of Investment and Public Asset Management) has begun auction of BSNL and MTNL assets.   The monetisation commenced with the auction of first set of six properties...

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IANS 20 November 2021
Reliance Industries Limited (RIL) and Saudi Aramco have mutually agreed to re-evaluate the proposed investment of the latter in RIL's 'O2C'.   Consequently, the current application with the NCLT for segregating the O2C business from RIL is being withdrawn.   In August 2019,...

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Ranganathan V Ranganathan V 19 November 2021
The fabled knights of the round table from the twelfth century who were exemplars of valour in the court of King Arthur seem to be inspiring the suited gentry in the board room of a fast-sinking twenty-first century corporation!   When has corporate India gyrated to the gladiatorial...

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Moneylife Digital Team 18 November 2021
During the 42 days festive period between Navratri and Diwali, total vehicle retail sales were down 18% on a year-on-year (y-o-y) basis, while monthly sales in October fell 26.64% compared with a pre-COVID period, says Federation of Automobile Dealers Associations (FADA). The festive period...

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IANS 17 November 2021
Stock market maverick Rakesh Jhunjhunwala-backed SNV Aviation, whose upcoming airline venture—Akasa Air—on Tuesday placed an order for 72 Boeing 737 Max aircraft at the Dubai aeroshow which is being held here.   The airline, through this order, aims to build up on its fleet to serve...

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Moneylife Digital Team 16 November 2021
Revenue growth of the Indian pharmaceuticals sector will moderate to 9% this fiscal, compared with a healthy 12.5% in the past fiscal. This is due to slower growth in exports, despite some support from COVID-19 vaccine opportunities and a pick-up in demand in the domestic formulations market,...

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IANS 16 November 2021
The Delhi High Court on Tuesday directed the Competition Commission of India (CCI) to dispose the matter of revocation of approval given to Amazon which has been challenged by the Future Coupons Limited   The direction was issued on a public interest litigation (PIL) filed by the...

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IANS 15 November 2021
The independent directors of Future Retail have written to the Competition Commission of India (CCI) stating that it is found that the representations made by Amazon in the application to the CCI for approval, which were completely opposite and contradictory to their own internal...

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IANS 09 November 2021
Reliance Eagleford Upstream Holding, LP (REUHLP), a wholly owned step-down subsidiary of Reliance Industries Limited (RIL), has announced the signing of agreements with Ensign Operating III, LLC (Ensign), a Delaware limited liability company, to divest its interest in certain upstream assets...

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IANS 08 November 2021
With the monsoon withdrawing, consumption recovering, and infrastructure activity picking up, freight rates saw a sequential recovery in October. However, with diesel prices ruling high after a scorching run-up, the overall profitability of transporters remains below levels seen in the...

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Moneylife Digital Team 02 November 2021
The crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS) group has addressed a debt of about Rs52,200 to date. The group also maintained its earlier estimate of resolving debt of Rs61,000 crore, representing a resolution of 62% of overall—fund-based and non-fund based—the debt of over...

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Moneylife Digital Team 02 November 2021
The income-tax (I-T) department has filed a case Sterling Biotech Ltd and its promoters Nitin Sandesara and Chetan Sandesara, under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act 2015, say reports. The Sandesara family, on the run from over $700 million in...

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Moneylife Digital Team 29 October 2021
Rajiv Bajaj, managing director (MD) of Bajaj Auto feels, India’s ‘good’ two-wheeler companies are not really as lightweight as start-ups would like to think. “I am going to bet on ‘BET’. ‘BET’ means Bajaj, Enfield and TVS.   They are champions...they have a proven track record. The...

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