In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or suspended or not renewed during the moratorium period. The Cabinet also allowed amending the code to streamline the corporate insolvency resolution process and protect last-mile funding to boost investment in financially distressed sectors.
The Indian Super League will be expanded to 10 teams this season with the organisers on Monday announcing two more franchises after a bidding process, with Bengaluru FC set to ply in the three-year-old ISL by leaving I-League.
The spread of the Omicron variant of the coronavirus has made Indian companies persist with their policy of banning overseas trips and allowing only essential travel within India. The IT services firms, which had planned to ask their employees to return to the workplace, are also waiting and watching the Covid-19 situation before fully opening up their offices. Large conglomerates like the Tatas, Birla, JSW and Reliance are continuing with the mandatory social distancing and masking policies within their office premises.
The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
'Kindly advise about the following stocks. Can I hold or exit?'
Some of the firms that have witnessed major drop in analysts' coverage include Dish TV, YES Bank, and JSW Energy.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
Two O P Jindal group companies, JSW Steel and JSL Stainless, have entered into an agreement. JSL Stainless will produce coke for JSW Steel and the raw material to produce coke will be supplied by JSW.JSW Steel is promoted by Sajjan Jindal. His brother, Ratan Jindal, is managing director of JSL Stainless.
Management buyout vehicle Excalibur Steel, Sanjeev Gupta's Liberty House metals group, India's JSW Steel Ltd and Greybull Capital have submitted separate bids
While most of Mukherjee's lectures will be closed door for the students taking up the elective, the institute plans to open up one or two sessions for public in November this year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
It's been months since Jindal returned the private land to the state government, free of cost, but not a cottah has been distributed
Despite NMDC raising iron ore prices by 10%, major steel firms say they will follow suit if demand increases
Prices in the domestic market are increasing because there is a demand pull, and internationally, prices have gone up.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Governance group SES thinks so but JSW Steel says he's exemplary and deserves it.
No capital came in through the approval route, while the rest of $9,86,681 was by way of issuance of rupee denominated bonds.
Jindal Steel and Power and JSW Steel, are in competing talks to buy parts of insolvent Italian steelmaker Lucchini.
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
The 10 teams in the league will be bidding heavily for the Indian players in a list of 590 cricketer
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
Olympic gold medallist shooter Abhinav Bindra said that the country should focus on finding the next champion instead of talking about his feat.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
Mary Kom (51kg) claimed her eighth world medal at the recently-concluded championships in Russia and BFI now plans to send the Manipuri boxer for the Olympic qualifiers in China
Together, the top 10 business groups reported a pre-tax loss of Rs 19,342 crore during the January-March 2020 quarter, as against a profit before tax of around Rs 48,500 crore in the year-ago period and Rs 39,600 crore during the December quarter. While Vedanta was the worst hit. others included Aditya Birla, Bharti, Adani, Mahindra, and Tata.
With the threat of a third Covid-19 wave looming large, companies are scrambling to protect employees and keep operations safe--from a no-jab-no-entry-at-workplace policy to ramping up vaccination, it's an all-out effort to prevent the scale of devastation seen in the first two waves. At least two top steel companies--Tata Steel and ArcelorMittal Nippon Steel India (AM/NS India)--are pushing for vaccination certificates for entry into work premises. AM/NS India, a joint venture between world's leading steelmaker, ArcelorMittal, and Japan's Nippon Steel, is set to make vaccination the certificate a requirement from July 1.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
JSW Steel, Tata Steel, Steel Authority of India, Bhushan Steel, Essar Steel, Jindal Steel & Power, and Rashtriya Ispat Nigam are among the top producers of the alloy in the domestic market
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
Earnings growth in the early-bird sample has been driven by banks and iron & steel companies.
Chopra said he has missed the "natural feeling" of being in a world-class field, except for one occasion, in the run up to the Games which opens on July 23 -- that one time was the Kuortane Games event in Finland on June 26 where he won a bronze with a performance of 86.79m in a star-studded field comprising, among others, Olympics gold favourite German Johannes Vetter, who won the event with a massive throw of 93.59m.
Vikas Krishan has no qualms admitting that he has been indisciplined and too reliant on luck in the past, problems that he claims to have fixed ahead of the Tokyo Games.
Last Friday, the Supreme Court in a ruling allowed auction of 1.5 million tonne of iron ore a month.
Uncertainty is so intrinsic to sports that elite athletes will not have much trouble coping up with a pandemic-forced lockdown, believe India's top sports psychologists as they become a part of their journey into an unchartered territory. Rocked by the coronavirus pandemic, which has impacted minds as much as health and productivity, sports pyshologists Dr Chaitanya Sridhar, Nanaki J Chadha, and Keerthana Swaminathan are dealing with athletes across disciplines and economic spectrum, being their "sounding board, friend" and enabling them to process the magnitude of the situation.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
Star Indian javelin thrower Neeraj Chopra has undergone an elbow surgery
The Modi-Shah duo are standing with B S Yediyurappa: But B L Santhosh refuses to be silenced.
