Corporate & Markets

India’s mustard output set to hit record 10 million tonne this year

This achievement may help the government to launch the oilseed mission from upcoming kharif season across the country.
The country’s mustard production in 2019-20 crop year (July-June) dropped 1.5% to 9.12 million tonne due to hailstorms in several areas of Rajasthan, the top producing state, just before the harvesting.

Airtel to collaborate with Qualcomm for 5G rollout

The telecom operator said that as a board member of the O-RAN Alliance, it is committed to driving the success of O-RAN and is working with Qualcomm Technologies to explore and implement the open radi

Airtel recently demonstrated 5G over a live commercial network in Hyderabad.

Malaysia, Argentina emerges as new markets for Indian mango

Australia, the USA, Europe, UK New Zealand, Japan and South Korea are other potential markets for the Indian mango. India normally exports around 50,000 tonnes of the Alphonso and Kesar varieties of m

Disinvestment: BPCL, Air India deals to conclude by July-August

Even though the department of investment and public asset management (Dipam) had set a target to complete the transactions by June-end, the government may have to give shortlisted bidders a little bit

On November 16, three bidders showed interest for BPCL buyout — Vedanta, Apollo Global Management and Think Gas.

SC drops contempt case against DVI, but says it can’t raise force majeure clause

The apex court also rejected DVI’s application for rectification, terming it to be “an attempt to renege from the resolution plan which it submitted and to resile from its obligations. This is a d

This is a devious attempt which must be disallowed,” the court said.

Cybersecurity: Protecting the perimeter is no longer enough

Cybersecurity awareness measures should be practical, relevant and applicable in real life outside of the working environment, says a Kaspersky report

Interview | We power and enable data of all types: Khalid Wani, Director-Sales, India, Western Digital

The year 2020 saw rapid digital transformation, resulting in tremendous growth in data. From using storage solutions like Hard Disk Drives (HDDs) to Solid State Drives (SSDs) and cloud storage, consum

Amazon partners with Mahindra Electric to deploy EVs in its delivery fleet

The Mahindra Treo Zor, designed and developed in India, was launched in October 2020. It provides an advanced lithium-ion battery and ease of charging, allowing delivery partners to charge the vehicle

Last year, Amazon India had announced that its fleet of delivery vehicles will include 10,000 electric vehicles by 2025.

HSBC India ops profit grows 1.8%

India is the third largest contributor to the global banking major’s profits, after Hong Kong and mainland China. In the India business, the global banking & markets and corporate centre divisions r

Federal Bank expects double-digit growth in FY22

“So far this fiscal we have grown around 6%. Products like gold loans have done extremely well. Business and commercial banking is growing and home loans have started picking up in Q3. Auto loans ha

Zomato raises fresh $250 million at post-money valuation of $5.4 billion

This is the first fundraise by Zomato in this calendar year as it prepares to file for an initial public offering later in the year. The Gurgaon-based company closed a $660 million financial round bac

Jain Irrigation lenders staring at 30% haircut

Lenders had earlier signed an inter creditor agreement (ICA) for resolving Jain Irrigation in accordance with a June 7,2019 circular of the Reserve Bank of India (RBI). Rating firms had downgraded the

State Bank of India (SBI) is the lead creditor to Jain irrigation.

‘Not fit and proper’ case against brokers: NSEL gets relief from SC

However, it imposed cost of Rs 20,000 on the exchange for delay in refiling its appeal before the tribunal. A bench led by Justice RF Nariman while condoning the delay in refiling of the appeal by NSE

GAIL raises Dabhol LNG terminal stake by swapping Ratnagiri shares with NTPC

KLL owns the liquefied natural gas (LNG) assets of the Ratnagiri project, including the five million tonne per annum (MTPA) gas import and regasification terminal in Dabhol. According to sources, ther

GAIL

Closure notice to UPL plant in Gujarat after fire, explosion kills two

The incident occurred in the early hours of Tuesday at Unit 5 of UPL’s Jhagadia plant in Bharuch district. As per official sources, at least two people died, 20 were injured and five are still missi

Reliance Capital defaults for 49th time on NCD payments

Reliance Capital has once again failed to make interest payment for non-convertible debentures (NCDs) due on February 21.

reliance capital

Maintain ‘buy’ on GAIL with increased TP of Rs 173

Commissioning of customer projects, completion of pipelines, and rising oil prices all bode well for gas demand and GAIL We expect gas trading and LPG production to also show improved profitability.

GAIL

Analyst Corner: Jubilant Foodworks now looking beyond Domino’s

The recent quarters have seen a series of initiatives beyond 'Domino's', including FMCG, Biryani, Hong's Kitchen ramp-up and 10.8% stake in Barbeque Nation.

jubilant fireworks

Jindal Power hires former CIL CMD Anil Kumar Jha as chairman

“We are confident that with his vast experience and rich insights, JPL under his leadership will continue to scale new heights and contribute towards a self-reliant India,” JSPL chairman Naveen Ji

The coal block is located close to JSPL’s Raigarh steel plant and the Tamnar power plant in Chhattisgarh.

Ahead of new ARC formation, Punjab National Bank to sell Arcil stake

“PNB has initiated a sale process to offer its holding of 3,25,06,486 equity shares i.e. 10.01% of the paid-up equity share capital of ARCIL (“proposed transaction”). PNB Investment Services Lim

A detailed framework for the ARC is in the works, financial services secretary Debasish Panda said earlier this month, adding that the government will not be putting in any money.

Sadbhav Engineering Rating: Buy; execution, order book got a boost

Toll collections rose 11% y-o-y; outlook is positive; TP raised to Rs 94; ‘Buy’ maintained

Varun Beverages Rating: Add; strong volumes for company in Q4CY20

Higher in-home demand to drive growth; PAT CAGR of 53.9% estimated over CY20-22; ‘Add’ retained with TP of Rs 1,015

Looking for alternatives to deal with semiconductor shortage, says Tata Motors

Speaking to reporters on the sidelines of the launch of the flagship SUV Safari, Guenter Butschek, CEO and managing director, Tata Motors, said that while the semiconductor supply was a challenge, it

Tata Motors, Tata Motors news, Tata Motors updates, Tata Motors new CEO, Marc Llistosella
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