by PTI News | Apr 5, 2022 | 9:08 pm | Economy, News
New Delhi, Apr 5 (PTI) The Supreme Court on Tuesday held that a company does not die upon amalgamation with a transferee company which can be fastened with the income tax liabilities of the amalgamated firm depending upon the terms of amalgamation and facts of each case. A bench comprising justices U U Lalit and [...]
by PTI News | Apr 5, 2022 | 9:02 pm | News
Chennai, Apr 5 (PTI): Zoom Video Communications on Tuesday said its Indian entity ZVC India has set up its technology centre the first such facility in Tamil Nadu and second in the country. The Chennai Technology Centre was part of Zoom's expansion plans and would supplement the existing unit in Bengaluru. The company has two [...]
by PTI News | Apr 5, 2022 | 9:00 pm | News
Chennai, Apr 5 (PTI): Tamil Nadu Chief Minister M K Stalin laid the foundation stone for a footwear manufacturing unit in Villupuram set up by Cheyyar SEZ Developers, a group company of Lotus Footwear Enterprises Ltd, the government said on Tuesday. The facility, spread across 167.41 acre land would come up at the State Industries [...]
by PTI News | Apr 5, 2022 | 8:57 pm | News
Kathmandu, Apr 5 (PTI) India has pledged to provide grant assistance of Nepalese Rs 41.13 million for waste water management project in eastern Nepal, an official statement said on Tuesday.The Embassy of India signed the MoU with the Ministry of Federal Affairs and General Administration, Government of Nepal & Khumbu Pasang Lhamu Rural Municipality, Soulukhumbu [...]
by PTI News | Apr 5, 2022 | 8:56 pm | Company Results, News
New Delhi, Apr 5 (PTI) Poonawalla Fincorp on Tuesday said its assets under management (AUM) grew 17 per cent year-on-year to Rs 16,575 crore at the end of the quarter ended March 31, 2022.The AUM growth was 9 per cent quarter-on-quarter.The assets under management for the housing finance subsidiary Poonawalla Housing Finance Limited crossed the [...]
by PTI News | Apr 5, 2022 | 8:45 pm | Company Results, News
New Delhi, Apr 5 (PTI) FMCG major Marico on Tuesday said its domestic business in the January-March quarter stayed relatively firm, helped by "low single-digit" revenue growth and marginally positive volumes.The company expects a "marginal growth" in profits in Q4 due to a rise in input costs and higher advertising and promotional spending.The "consolidated revenue [...]
by PTI News | Apr 5, 2022 | 8:43 pm | News
New Delhi, Apr 5 (PTI) Yes Bank on Tuesday said its net advances grew by 8.8 per cent to Rs 181,508 crore in the fiscal ended March 31, 2022. The bank's net advances were at Rs 166,893 crore in the previous fiscal ended March 2021. Of the net advances during FY22, the gross retail disbursements [...]
by PTI News | Apr 5, 2022 | 8:30 pm | Corporate Action, News
Mumbai, Apr 5 (PTI) Non-banking finance company IIFL Finance on Tuesday said it has bought back USD 50 million worth of overseas bonds with funds raised through a loan from a global bank. The buyback will reduce the company's cost of funds by around 225 basis points. IIFL Finance had raised USD 400 million through [...]
by PTI News | Apr 5, 2022 | 8:29 pm | Corporate Action, News
New Delhi, Apr 5 (PTI) UK-based advisory and investment firm Nithia Capital on Tuesday announced the acquisition of Crest Steel and Power Pvt Ltd (CREST) in Chhattisgarh for Rs 600 crore through an insolvency process. This acquisition has been completed under an insolvency process in partnership [...]
by PTI News | Apr 5, 2022 | 8:28 pm | News
Chennai, Apr 5(PTI): Toy manufacturer Funskool India Ltd on Tuesday said it has acquired the rights from international brand Goliath to manufacture and distribute popular game 'Sequence' in the country. 'Sequence' is a combination of board and car game, can be played by two to 12 players. It was developed by Doug Reuter in 1981. [...]
