Page 4 - Business News Today
Appeals filed by MP Birla Group firms, Lodha admitted in Calcutta HC
The three companies and Lodha moved applications challenging a verdict passed by a single judge on Friday
 "Appeals filed by MP Birla Group firms, Lodha admitted in Calcutta HC")
Tech Mahindra sells stake in Altiostar to Rakuten Mobile for $45 mn
Becomes preferred partner for Rakuten Communication Platform
 "Tech Mahindra sells stake in Altiostar to Rakuten Mobile for $45 mn")
Symphony Asia, Lightbox lead $12.5 mn round in jewellery start-up Melorra
The firm has been bringing in global fashion trends into lightweight gold jewellery and launching 75 designs every week with 80% of collection below Rs 35,000
 "Symphony Asia, Lightbox lead $12.5 mn round in jewellery start-up Melorra")
SP slaps notice on Tata Sons board, seeks damages for blocking fund raise
Notice questions actions of Tata Sons independent directors, Mistrys say they are duty bound to protect interests of minority shareholders
 "SP slaps notice on Tata Sons board, seeks damages for blocking fund raise")
Morningstar shifts to debt, says valuations for Indian equities stretched
The firm believes that investors are relying on the benefits of future growth opportunities to stoke returns, which may not be good investor behaviour
 "Morningstar shifts to debt, says valuations for Indian equities stretched")
Indiabulls Housing sells part of its stake in OakNorth for Rs 440 crore
The company invested Rs 663 crore for a 40 per cent stake in OakNorth Bank in November 2015
 "Indiabulls Housing sells part of its stake in OakNorth for Rs 440 crore")
Grasim's small shareholders may not be keen to invest more in Vodafone Idea
This set owns 60% stake in the company and has seen zero returns on investments in the telecom firm
 "Grasim's small shareholders may not be keen to invest more in Vodafone Idea")
Bharat Dynamics shares crash 13% as Centre launches OFS to divest stake
Rs 900-crore share sale gets bids worth Rs 720 crore from institutional investors; retail portion to be auctioned on Wednesday
 "Bharat Dynamics shares crash 13% as Centre launches OFS to divest stake")
Allcargo shares shed nearly 4% as delisting floor price disappoints
The company on Saturday announced that its promoters have set the floor price at Rs 92.58, which is 19% lower than the firm's last closing price of Rs 114.5 on Monday
 "Allcargo shares shed nearly 4% as delisting floor price disappoints")
June results show op profit margins high even as profits sank: CARE Ratings
The numbers looked at the aggregate performance of 1,435 companies excluding those from the banking and finance sectors
 "June results show op profit margins high even as profits sank: CARE Ratings")
PI Industries: Strong FY21 outlook, de-risking plans bode well for company
For FY21, the company indicated that domestic growth would be in the 20-22 per cent band outperforming the market growth
 "PI Industries: Strong FY21 outlook, de-risking plans bode well for company")
IndiGrid Q1 revenue jumps 78% to Rs 361 crore on steady performance
India Grid Trust (IndiGrid) on Thursday reported a consolidated revenue of Rs 361 crore for the April to June quarter, up 78 per cent year-on-year.The consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) were Rs 329 crore, marking an increase of 74 per cent due to accretive acquisitions and steady operational performance.The board of investment manager for IndiGrid approved a distribution per unit (DPU) of Rs 3 for Q1 FY21 entirely payable as interest to unitholders.Including this 13th distribution, IndiGrid has delivered Rs 36.56 per unit since listing, marking a total return of 42 per cent as of July 31.The infrastructure investment trust said its management remains focused to maintain a strong balance sheet to successfully weather any near-term Covid-19 related uncertainty. The net debt/AUM stands at 50 per cent as of June 30, significantly below the 70 per cent cap as per SEBI InvIT regulations.The robust balance sheet provides ample headroom to ...
 "IndiGrid Q1 revenue jumps 78% to Rs 361 crore on steady performance")
Paytm appoints Bhavesh Gupta as Chief Executive Officer of lending business
Most recently, Gupta served as the founding member and chief executive officer (CEO) of Clix Capital
 "Paytm appoints Bhavesh Gupta as Chief Executive Officer of lending business")
Adidas expects to bounce back to profitability in Q3 after pandemic hit
Adidas said its sales were flat for the second quarter in China, where it saw double-digit growth in May and June
 "Adidas expects to bounce back to profitability in Q3 after pandemic hit"){kind=logo}
CreditAccess Grameen reports 22% decline in Q1 net profit at Rs 75 crore
The company said it is well capitalised, with standalone capital to risk weighted assets ratio of 23.7%
Kirloskar Oil Engines reports Rs 6.73 crore net loss for June quarter
Consolidated revenue from operations stood at Rs 422.33 crore. It was Rs 901.03 crore in the year-ago quarter
Sunteck Realty Q1 profit plunges 91% to Rs 3.06 cr; FY20 profit drops 56%
Sunteck Realty's net profit stood at Rs 33.20 crore in the year-ago period
Top 10 biz headlines: DHFL dues, rise in Jio users, Huawei 5G trial, & more
From DHFL's dues claim to Bharat Forge increasing stake in Aeron Systems, here are the top 10 business stories that made news on Monday
 "Top 10 biz headlines: DHFL dues, rise in Jio users, Huawei 5G trial, & more")
Top 10 headlines: India GDP growth rate forecast, Tata vs Mistry, and more
Business Standard brings you the top headlines that made news on Monday
 "Top 10 headlines: India GDP growth rate forecast, Tata vs Mistry, and more")
Top Headlines: Manmohan slams govt on economy, Hong Kong effect on airlines
Here are the top news stories that made headlines today
 "Top Headlines: Manmohan slams govt on economy, Hong Kong effect on airlines")
