Companies 2

What is an AGM and what purpose does it serve?

An AGM is a mandatory annual gathering of a company’s shareholders, where they discuss and vote on important company matters

Sanctions on Russia may result in impairment losses for Indian energy companies, says Moody's

Indian firms have invested $16 billion in Russian assets such as the Sakhalin-1 oil and gas field in the far east

'Nation's eyes on us,' Tata Sons chairman tells Air India employees after takeover

Following a competitive bidding process, the government had on 8 October sold Air India to Talace Private Limited, a subsidiary of the Tata Group's holding company, for Rs 18,000 crore

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service

In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 percent and seven percent for 2022

Saudi Arabia's PIF will invest Rs 11,367 crore in Jio; platform gets 11th investor after General Atlantic, Silver Lake among others

Public Investment Fund of Saudi Arabia, one of the world’s largest sovereign wealth funds, will invest Rs 11,367 crore for 2.32 percent of Jio Platforms, the eleventh investment in the Reliance Industries (RIL) digital unit in nine weeks.

L Catterton becomes tenth investor in Jio Platforms, picks 0.39% stake for Rs 1,894.5 crore; RIL's digital arm raises 1.04 lakh crore in seven weeks

L Catterton, a consumer-focused private equity firm, picked 0.39 percent stake in Jio Platforms with an investment of Rs 1,894.50 crore, becoming the tenth investor in the Reliance Industries Limited's digital arm in seven weeks

Govt amends norms; companies' contribution to PM CARES Fund to qualify as CSR expenditure

The government has amended the norms whereby contributions by corporates to the PM CARES Fund will qualify as CSR spending under the companies law

SEBI asks listed companies to make disclosure about impact of coronavirus pandemic on business

Markets regulator SEBI on Wednesday asked listed companies to make a disclosure about the impact of coronavirus pandemic on their business to investors and stakeholders in a timely and cogent manner

Companies need to be more diligent while choosing partners for implementing COVID-19 relief measures: EY report

With an increasing number of corporates mobilising resources to support the government address the COVID-19 threat, there is a greater need for due diligence by companies on the partners they choose to work with to implement the relief measures, consultancy firm EY said on Wednesday

Coronavirus Lockdown: Salary cut imminent; 27 out of top 100 companies can't sustain current wage bill, says Deloitte study

As many as 27 out of the top 100 companies listed on the National Stock Exchange (NSE) will not be able to sustain current wage bill if their revenue dip by 30 percent or more due to a nationwide lockdown and imminent salary cuts, a Deloitte study said