This is going to translate into a larger share of the opportunity for branded plywood manufacturers, as the unorganised players are finding it difficult to survive in the post-COVID-19 environment, said Greenply Industries in its latest annual report.
Wile the regulator has not given reasons, reports have suggested that Adani Wilmar IPO was put on hold due to an ongoing investigation into the group’s flagship company, Adani Enterprises.
The company had entered into binding agreements with Cronus for acquisition of 51 per cent ownership by subscribing to 95,059,963 equity shares of Rs 10 each at a premium of Rs 34.18 per equity share aggregating to Rs 420 crore.
The bank’s managing director and chief executive Nithin Chugh has resigned on Thursday (August 19, 2021), citing personal reasons.
Several of these companies are from the startup space such as fintech, e-commerce, online travel and SaaS (software-as-a- service) segments.
The earlier wage agreement between the workers represented by Renault Nissan India Thozhilalar Sangam (RNITS) and the company management ended on March 31, 2019.
However, the restrictions on all new launches of the digital business generating activities planned under ‘Digital 2.0’ will continue till further review by RBI.
Damani, who grew up in a humble background is now ranked 98 on the Bloomberg Billionaires Index with a net worth of $ 19.2 billion.
It has touched a new high of 56,086.50 points and the Nifty50 on the National Stock Exchange has recorded an all-time high of 16,693 points.
The Trustee of Franklin Templeton decided to wind up six of our debt schemes in April 2020. The decision was taken because the markets had become illiquid due to the severe impact of Covid-19.
Chanu will appear in Amway’s campaigns focused on its foundation range such as Nutrilite Daily, Omega, and All Plant Protein amongst others, across platforms.
Dilsher Singh, Founder and CEO of Zupee, told IANS that the funds will be utilised to boost global footprint, innovate and expand its suite of games.
The company in a statement said the acquisition is at an enterprise value of Rs 1,680 crore implying an attractive EBITDA multiple of 7x.
The feat was achieved on August 9, coinciding with the company’s 10th anniversary.
SBI is offering a special interest concession of 25 bps for customers applying for a Car loan via YONO. The users of YONO SBI planning to bring home a new car can avail of the loan at an interest rate of as low as 7.5 per cent per annum.
Index heavyweights TCS, RIL, Infosys and HDFC twins saw robust buying, while pharma stocks slipped.
Adi Godrej, 79, will also step down from the GIL Board of Directors but will continue to serve as the Chairman of the Godrej Group and also as GIL Chairman Emeritus.
Initially, markets had a gap up opening and gradually moved up through the morning to touch record high levels.
The investment brings OneWeb’s total equity investment since November 2020 to USD 2.7 billion with no debt issuance. The investment is expected to be completed in the first half of 2022, subject to regulatory nods.
Total sales increased by 141 per cent year-on-year to Rs 1,167 crore but declined by 5 per cent compared to the preceding quarter.
The commission directed the firm to cease and desist from indulging in such practices, which have been found to be in contravention of the provisions of the Competition Act, as per an order dated August 6.
It may be noted here that this investor-friendly company has rewarded investors with BONUS SHARES twice earlier.
The initial share-sale will be entirely an offer-for-sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP).
The significant jump in June quarter net profit was on account of robust sales and income received from biopharmaceutical firm Boehringer Ingelheim for achieving key milestones for its novel MEK inhibitor compound collaboration.
The company reported a net loss of $48 million in the June quarter, up from nearly $13.5 million in the same period last year.