Page 2 - Business News Today
Top headlines: PLI for solar, white goods; Oyo denies seeking bankruptcy
Business Standard brings you top news of the evening
 "Top headlines: PLI for solar, white goods; Oyo denies seeking bankruptcy")
Bharat Electronics achieves record turnover of Rs 13,500 cr during 2020-21
Navaratna defence PSU Bharat Electronics Limited has achieved a record turnover of about Rs 13,500 crore (Provisional & Unaudited) during 2020-21, against previous financial year's figure of Rs 12,608 crore in spite of the challenges posed by COVID19 pandemic & intense competition in business. BEL's order book as on April 1 this year is around Rs 53,000 crore, the Bengaluru-headquartered company said in a statement. In 2020-21, BEL said it secured orders worth Rs 15,000 crore. Some of the major orders acquired during the year are: ICU ventilators, software defined radios & communication equipment, various types of radars, sonars, torpedo decoy systems, electronic warfare systems, networking & encryption products, and smart city projects. BEL achieved export sales of around USD 50 million during 2020-21. Major products exported include coastal surveillance system, trans-receive (TR) modules, 'Bharati Radio', 'Identification of Friend or FoeInterrogator' ...
 "Bharat Electronics achieves record turnover of Rs 13,500 cr during 2020-21")
Former RBI Governor Urjit Patel appointed Additional Director of Britannia
He has been appointed as the Additional Director with effect from March 31 for a five-year period
 "Former RBI Governor Urjit Patel appointed Additional Director of Britannia")
Tata Motors reports sale of 66,609 units in domestic market in March
Total passenger vehicle sales last month stood at 29,654 units. The company had sold 5,676 units in March 2020
 "Tata Motors reports sale of 66,609 units in domestic market in March")
Despite Covid-19 crisis, HAL sees revenue of over Rs 22,700 crore in FY21
The corresponding figure for the previous year stood at Rs 21,438 crore
 "Despite Covid-19 crisis, HAL sees revenue of over Rs 22,700 crore in FY21")
Sapan Gupta elevated as global legal head of ArcelorMittal, says official
Sapan was a senior partner at Shardul Amarchand Mangaldas, one of India's largest law firms
 "Sapan Gupta elevated as global legal head of ArcelorMittal, says official")
WeWork takes SPAC route to go public in $9 bn deal with BowX Acquisition
Current shareholders will own about 83% of the combined company, WeWork said
 "WeWork takes SPAC route to go public in $9 bn deal with BowX Acquisition")
ArcelorMittal seeks partners, subsidies for cleaner steelmaking in Germany
The company would close a blast furnace in each of the two plants and build electric arc furnaces for scrap smelting
 "ArcelorMittal seeks partners, subsidies for cleaner steelmaking in Germany")
Top headlines: Tatas win in court against Mistry; Air India sale in June
From financial bids for Air India to Mahindra's new chief-here are top headlines this evening
 "Top headlines: Tatas win in court against Mistry; Air India sale in June")
Reliance Industries-Saudi Aramco deal likely if crude oil averages $65
The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company
 "Reliance Industries-Saudi Aramco deal likely if crude oil averages $65")
Top headlines: RBI says economic 'revival unabated'; India markets do worst
Indian markets among worst performers globally to why NITI Aayog's Kant thinks privatising small PSUs first is not a good idea-here are top headlines this evening
 "Top headlines: RBI says economic 'revival unabated'; India markets do worst")
Shriram Transport declares second dividend of Rs 6 per share for FY21
The company has also elevated Umesh Revankar as the Vice Chairman and Managing Director with effect from April 1, 2021
 "Shriram Transport declares second dividend of Rs 6 per share for FY21")
Top headlines: People above 45 to get shots; India home to 100 unicorns
Business Standard brings you stories that made the headlines Monday: The Modi government opening up the vaccination drive to the impact of SC waiver on compound interest on debt
 "Top headlines: People above 45 to get shots; India home to 100 unicorns")
Early bird results show unlocking gains, net profit of 104 firms rises 9.8%
Cement makers and metal producers clearly show the impact of an uptick in prices of their products and a fall in costs boosting their profitability
 "Early bird results show unlocking gains, net profit of 104 firms rises 9.8%")
CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII
The bank's Covid-19 provisions stood at Rs 15.6 crore during the quarter, while other provisions stood at Rs 65.2 crore as compared to Rs 24.6 crore, up 164.9 per cent
 "CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII")
Uber ropes in Amazon veteran Manikandan Thangarathnam as mobility head
The ride-hailing giant has also strengthened India tech team, taking ongoing hiring to 225 engineers
 "Uber ropes in Amazon veteran Manikandan Thangarathnam as mobility head")
Edtech unicorn Unacademy announces ESOP buyback for current, past employees
The size of the buyback pool is likely to be Rs 25-30 crore, based on the number of ESOPs liquidated by employees.
 "Edtech unicorn Unacademy announces ESOP buyback for current, past employees")
JSW to raise $1 bn from overseas, domestic markets to retire debt
The company has also agreed to acquire Bhushan Power and Steel for Rs 19,700 crore and has kept the funds ready for the acquisition
 "JSW to raise $1 bn from overseas, domestic markets to retire debt")
Coal India sees 65% spike in e-auction bookings at 41 mn tonnes
The special categort e-auction launched in July is part of the company's efforts to bring down coal imports
 "Coal India sees 65% spike in e-auction bookings at 41 mn tonnes")
Wipro board approves Rs 9,500 crore buyback at Rs 400 per share
Plans to buy 237.5 mn shares or 4.16% of paid-up capital, on a proportionate basis from existing shareholders under the tender-offer route
 "Wipro board approves Rs 9,500 crore buyback at Rs 400 per share")
