COMPANIES & SECTORS


IANS 07 September 2021
Vodafone Idea's severe financial crisis may result in higher impact on the tower industry.   An ICRA report said that Vodafone Idea Ltd (VIL) has been under financial stress as reflected by mounting losses and burgeoning debt levels, which is likely to impact its financial lenders as...

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Yogesh Sapkale Yogesh Sapkale 06 September 2021
Due to the short supply of semi-conductor chips, auto-makers from across the globe are downsizing production. Many original equipment manufacturers (OEMs) like Mahindra & Mahindra Ltd (M&M), Maruti Suzuki India Ltd, MG Motor India Pvt Ltd and the Renault Nissan Alliance have either cut down...

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Moneylife Digital Team 06 September 2021
The Supreme Court on Monday directed the National Company Law Appellate Tribunal (NCLAT) to hear within two months an appeal filed by 63 moons technologies ltd (63 moons) against Piramal Capital and Housing Finance Ltd's resolution plan for troubled mortgage lender Dewan Housing Finance Ltd...

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Subhash Narayan (IANS) 02 September 2021
The oil price rise may have hit the fuel consumers hard, but it is the oil companies that have made the most from the current situation, strengthening their margin on the sale of petrol and diesel and jacking up profits.   At the current prevailing high fuel price levels in the...

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Moneylife Digital Team 02 September 2021
The Madras High Court (HC), while dismissing a case against IL&FS Transportation Networks India Ltd (ITNL) and its former directors Ravi Parthasarathy, Hari Sankaran and Ramchand Karunakaran, has asked the company’s debenture-holders to approach the Serious Fraud Investigation Office (SFIO)....

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Moneylife Digital Team 01 September 2021
In a significant order, the Mumbai bench of the National Company Law Tribunal (NCLT) has asked the authorities to freeze the assets of Videocon group's erstwhile promoters, including Venugopal Dhoot, his brother Pradipkumar Dhoot, son Anirudh and other former key managerial personnel (KMP)....

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Moneylife Digital Team 31 August 2021
Confident of air traffic growth in the long term, private airport operators will spend around Rs42,000 crore on capacity expansion over the next five years through fiscal 2026. According to a research note, that is more than double the capital expenditure (capex) they incurred in the previous...

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Automobile major Maruti Suzuki India blamed rising commodity cost for another price hike from September.   Earlier in calendar year 2021, the automobile major had increased prices in January, April, and in July for only for the hatchback Swift and all CNG variants.   "Rising...

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In a bid to increase transparency in the liquidation process under the Insolvency and Bankruptcy Code (IBC), IBBI (Insolvency and Bankruptcy Board of India) has proposed amendments to the regulations.   In a discussion paper,  IBBI noted that the regulatory framework of liquidation...

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Moneylife Digital Team 30 August 2021
Dealers of two-wheelers, passenger vehicles and commercial vehicles expect sales to increase 10%-15% this fiscal on a low base of last fiscal, driven by new model launches, pent-up demand, and festive season sales, reveals a survey conducted by CRISIL.   "Regional performance varies...

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Ranganathan V Ranganathan V 28 August 2021
Splits and separations in business families necessitating segregation of the hitherto commonly held assets, including controlling holdings in corporate entities, is not a subject that would kindle any special interest, given that it has been and continues to be quite...

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The Enforcement Directorate has attached 45 immovable properties worth Rs 363.51 crore of M/s MBS Jewellers Private Limited, M/s MBS Impex Private Limited, Sukesh Gupta, Anurag Gupta, Neetu Gupta, Vandana Gupta and their other group entities on August 26, under provisions of the PMLA,...

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Samriddhi Sakunia (The Leaflet) 27 August 2021
Despite the new labour reform codes covering gig workers and providing them social security benefits, the exploitation of food delivery executives, especially after the pandemic, continues. With the codes still not implemented, they stare at a dark future, writes SAMRIDDHI...

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Moneylife Digital Team 26 August 2021
Expressing displeasure over the way Sanjay Chandra and Ajay Chandra, erstwhile promoters of Unitech Ltd, were allegedly operating from Tihar Jail in New Delhi, the Supreme Court asked to immediately shift them to jails in Maharashtra. The apex court also pulled up Tihar Jail authorities for...

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Moneylife Digital Team 26 August 2021
The Minerals and Metals Trading Corporation (MMTC) Ltd, India's largest public sector trading body, says a court has ordered attachment of its three properties located in Delhi in the Anglo Coal case. Earlier, after failing to pay the decretal amount, MMTC had deposited original title deeds...

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Moneylife Digital Team 25 August 2021
Indian auto industry could continue to face supply chain headwinds, especially due to semiconductor chips shortages, over the remainder of FY21-22. This is likely to curtail the sales growth expected for the auto industry in FY21-22, particularly in the passenger vehicles (PV) segment, and...

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Spending on corporate social responsibility (CSR) in India has crossed the Rs 1 lakh crore milestone, just seven years after it was made mandatory, according to an analysis by CRISIL.   As much as 40% of this is estimated to have been incurred in the past two fiscals as companies...

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 The Competition Commission of India (CCI) has imposed a penalty of Rs200 crore on Maruti Suzuki India Ltd over anti-competitive practice of imposing a discount control policy, thereby restricting dealers from offering higher level of concessions to the consumers.   The anti-trust...

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The net debt levels of listed real estate developers have declined 37 per cent since the first wave of Covid-19.   An ICICI Securities report noted that the decline in debt levels has been achieved through a combination of reduction in cost of debt by 80-160 basis points (bps),...

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The finance ministry has notified amendments to the Foreign Exchange Management Rules to increase in limit on foreign direct investment (FDI) in the insurance sector to 74%.   Currently, the cap on FDI in the insurance sector is 49%.   As per the Foreign Exchange Management...

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