Page 18 - Indian Companies

Individual investors seeking yield in India snap up risky firms' debt

Company note sales to retail investors have more than doubled from a year earlier to Rs 6,720 crore so far in 2021

On the verge of bankruptcy: How Cafe Coffee Day ground to a halt

After group company Sical Logistics was sent to NCLT, the listed company is next in queue

Board rules for fair play

Corporate India may not be too thrilled, but Sebi's proposals on independent directors are good for India's governance credentials

Sterling Holiday Resorts to have 5,000 rooms in its inventory by 2025

Sterling Holiday Resorts is looking to take the total numberof rooms in its inventory to 5,000 by 2025 as part of robust growth plans going forward, a top company official said. The company currently has over 2,400 rooms in over 35 resorts acrossIndia, including Sterling Nature Trails. "Sterling has aggressive expansion plans and aims to double its inventory from the current 2,400-plus rooms to 5,000 rooms by 2025. "In line with this, over the last one year, Sterling has opened resorts in Guruvayur, Thekkady and Rishikesh," Sterling Holiday ResortsChairman and MD Ramesh Ramanathan told PTI. For the upcoming resorts, several locations are on active search including Mysore, Udaipur, Jodhpur, Varanasi, Coorg and Kumarakom. Apart from this, we are keen on exploring options near Mumbai and along the coasts of Orissa, he added. When asked about the investment the company will be making for the expansion,Ramanathan said, "Our unique hybrid model enables us to expand using an asset light

Microblogging platform Koo eyes going global after cracking India market

Firm will co-exist with Twitter rather than be a competitor, says CEO Radhakrishna

Apply strict safety norms, not lockdown as Covid-19 cases rise: CEOs' poll

Partial lockdown measures may impact movement of labour & goods, they say

Sebi's delay makes RIL order absurd

In January 2000, the promoters of Reliance Industries Ltd (RIL), and other entities acting in concert, raised their stake in RIL by 6.83 per cent through converting warrants issued in 1994

Tata-Mistry case: SC verdict puts spotlight on duties of nominee directors

The Supreme Court's observations in the Tata-Mistry case has raised questions about the fiduciary duties of nominee directors

6 start-ups join unicorn club this week; 150 likely by 2025, say experts

The pandemic is expected to accelerate big-ticket venture capital, private equity as well as consolidation related deals in unicorns and soonicorns in the country

Higher volumes, price hikes put cement firms on strong footing

Cement is among the few sectors witnessing strong demand and pricing power

IBBI upholds resolution professionals' independence under pre-pack schemes

In regulations issued on the Ordinance on pre-pack resolution, the IBBI said an insolvency professional can be appointed as resolution professional if they are independent of the corporate debtor.

Contradictory AAR verdicts on CSR under GST regime baffle companies

Recently, the Uttar Pradesh AAR had held that CSR spend by companies is eligible for input tax credit

50 mtpa capacity expansion plan is going in right direction: Ambuja Cement

Ambuja is evaluating brownfield expansions in Bhatapara and Maratha plants

PE-VC exits from Indian companies at two-year high after Covid-19 setback

The first quarter of 2021 saw the highest number of exits, both in terms of value and volume, in the past five quarters

Cyclical stocks to lead India Inc's earnings growth in fourth quarter

The country's top brokerages expect Nifty50 companies to report a combined net profit of Rs 1.2 trillion in Q4FY21, translating into year-on-year growth of 142 per cent from Rs 49,645 crore a year ago

GST: Firms challenge constitutional validity of arrest rules in top court

Counsel for companies raises concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests

Govt to earmark nearly Rs 1,000 crore to support fabless start-ups

Some of these companies are likely to scale up, become global chip design entities

Mohalla Tech, Gupshup become latest entrants to the unicorn club

Six firms, including these two, have been added to the club just this week

A comprehensive win for the Tatas

They stand vindicated in the Mistry saga, but what is legally sound may not conform to the best standards of governance

Kalyan Jewellers reports revenue growth of 60% in Q4 FY'21 for India ops

Kalyan Jewellers on Thursday said it has witnessed a robust increase in consumer demand and seen revenue growth of nearly 60 per cent in its India operations in the fourth quarter ended March 31, 2021