Corporate News - Page 29

Anil Ambani-led Reliance Group companies' shares worth over Rs 3.3 cr sold through open market transactions

Anil Ambani-led Reliance Group companies' shares worth over Rs 3.31 crore were offloaded through open market transactions on Thursday

Some Indian companies with Chinese investments indulge in predatory strategies: Think tank

Chinese investors hold stakes in 18 of the 30 Indian startup unicorns, and some companies backed by them indulge in "predatory" behaviour, which needs to be brought under scrutiny, a domestic think tank said on Thursday

Franklin Templeton MF shuts six schemes: 'Do not get side-tracked by isolated event, focus on investment goals', says AMFI to investors

The statement by the industry body came after Franklin Templeton Mutual Fund voluntarily decided to wind up its six debt schemes citing redemption pressure and lack of liquidity in bond markets due to coronavirus pandemic.

Coronavirus pandemic likely to hit 29 lakh jobs in Indian aviation, dependent sectors; Rs 85,000-cr revenue loss : IATA

The coronavirus pandemic is expected to impact more than 29 lakh jobs in the Indian aviation and dependent industries, global airlines' grouping IATA said on Friday

Govt freezes DA, DR for 1.1 cr central govt employees, pensioners: Here's all you need to know about Dearness Allowance

Dearness Allowance is paid by the government to its employees as well as a pensioner to offset the impact of inflation

DHFL promoters Kapil Wadhawan, his brother Dheeraj and 21 others shifted to home quarantine in Mahabaleshwar

DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan and 21 others including their family members have been now placed in home quarantine at their property in Mahabaleshwar in western Maharashtra, a police official said

TLTRO 2.0: Banks scupper RBI plan to offer special liquidity to NBFCs as repo auction gets 50% bids

As feared by the industry and money market watchers, the first auction under the version two of the targeted long-term repo operations (TLTRO 2.0) on Thursday received a muted response from banks as the Reserve Bank received only a little over 50 percent bids for the Rs 25,000 crore on offer

Moody's, Fitch give thumbs-up to $5.7 bn Jio-Facebook deal, says to help RIL deleverage

International credit rating agencies Fitch Ratings and Moody's Investors Service on Thursday said the $5.7 billion Facebook deal will help Reliance Industries deleverage its balance sheet and monetise digital platforms

International air passenger capacity for India reduced by 89% in April due to COVID-19: UN

International passenger capacity for India reduced by 89 percent so far this month due to the COVID-19 pandemic as compared to a “business-as-usual” scenario, according to the latest projections from the United Nations specialised agency for international civil aviation

Amazon India launches programme to enable kirana shops, offline retailers sell online

E-commerce giant Amazon India on Thursday launched 'Local Shops on Amazon' programme that will help local shopkeepers and kirana store owners to sell online

Rupee falls 25 paise to 76.31 against US dollar in early trade tracking weak domestic equities

Forex traders said the rupee opened on a weak note taking negative cues from Asian equities.

Sensex tumbles over 500 points in early trade, Nifty slips below 9,200-level; Bajaj Finance top laggard, sheds up to 5%

The NSE Nifty declined 129.35 points, or 1.39 percent, to 9,184.55.

Coronavirus Outbreak: SIDBI to provide 90-day term loans to banks, NBFCs, MFIs for onward lending to MSMEs

SIDBI will offer liquidity to banks, NBFCs and MFIs as term loans for a tenor of 90 days and for a maximum period of one year,

Unilever withdraws growth outlook; says India business impacted by slowing market, coronavirus-forced lockdown

Unilever witnessed a major impact on the businesses in China and India, two of its major markets where restrictions were imposed by the respective governments to contain the spread of COVID-19.

Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes

All public sector banks, old generation private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Federal Bank are members of IBA

NHPC raises Rs 750 cr through bonds at coupon rate of 6.80% per annum; issue oversubscribed by 3.87 times

NHPC carries the highest credit credentials and rated AAA by leading rating agencies.

TV18 Broadcast Q4 profit surges nearly five-fold to Rs 142 cr; revenue from operations up 21% to Rs 1,425 cr

TV18 Broadcast's revenue from operations for the last financial year was up 4.69 percent to Rs 5,174.94 crore as against Rs 4,942.70 crore in the previous year.

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report

The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said

Bombay High Court asks DHFL promoter Kapil Wadhawan to file reply to ED's bail cancellation plea

The Bombay High Court on Wednesday directed scam-accused DHFL promoter Kapil Wadhawan to file an affidavit in reply to the Enforcement Directorate's (ED) plea seeking cancellation of his bail

Coronavirus Outbreak: Govt freezes DA, DR for 1.1 cr central govt employees, pensioners

The government on Thursday froze inflation-linked allowance for its 1.1 crore employees and pensioners, a move states are likely to replicate, helping save a combined Rs 1.2 lakh crore that could be used to combat the coronavirus crisis

Industrial units face multiple challenges to resume operations despite relaxations in lockdown norms: FIEO

The revised guidelines require the stay of workers to be within the premises or in the adjacent building or requires their transportation in a dedicated vehicle.

Home, DPIIT secretaries talk to industry associations for speeding up economic, industrial activities: Govt

The DPIIT in a tweet said that the conference with industry associations was "to facilitate permits for industrial activities in order to boost economic activities."

RBI receives 12,850 cr bids for TLTRO 2.0 against Rs 25,000 cr offered by central bank

The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bids for the first targeted long term repo operations (TLTRO 2.0) conducted for an amount of Rs 25,000 crore with a three-year tenor

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score

Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday announced to reduce its lending rates to 7.5 percent for new homebuyers having a CIBIL score of 800 and above

Coronavirus Outbreak: India’s GDP growth likely to range between decline of 0.9% and growth of 1.5% in FY21, says CII

India's GDP is likely to range between a decline of 0.9 percent and a growth of 1.5 percent in the current financial year, with the economy undergoing a "turbulent" phase caused by the coronavirus-induced lockdown, according to a report

Pandemic throws global economy into deeper decline; govts, central banks around world unleash fiscal support to tide over crisis

Separate data on Thursday showed South Korea’s trade-reliant economy, Asia’s fourth-largest, shrank at its fastest pace since 2008 as self-containment measures kept shops closed and slumping global demand hurt exports.

Odisha industry body demands wage payment from ESIC funds; seeks working capital loan, interest waiver till normalcy returns

There has been lobbying for some time for using funds of the retirement body EPFO as well as ESIC for providing relief to workers to help them sustain themselves during the nationwide lockdown.

Rupee surges by 62 paise to close at 76.06; investor sentiment strengthens after RBI announces special OMO

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