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TikTok Ban Looms as President Biden Signs Law With 270-Day Sale Deadline
For TikTok, the clock has started running in its existential fight to avoid a US ban. Legislation requiring the social media app’s Chinese owners to divest sailed through Congress, capped by Senate passage late Tuesday as part of a larger foreign-aid package. President Joe Biden signed into law Wednesday, beginning a 270-day countdown for a sale ...
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Adani Confident Of New Issue Sailing Through, Stock Sell-Off Under Probe
Richest Asian Gautam Adani's group on Sunday expressed confidence that the Rs 20,000 crore follow-on share sale of its flagship firm will sail through despite a massive hammering of the conglomerate's stocks.
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Tata Steel Acquires SAIL's Stake, Takes Over S&T Mining
Tata Steel on Tuesday said that it has completed the acquisition of entire stake held by state-owned SAIL in S&T Mining
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Government To Sell 10% Stake In SAIL, Stock Falls 8%
The government has decided to sell up to 20.65 crore shares or 5 per cent of total equity of Steel Authority of India through an offer for sale (OFS), the company said in a regulatory filing
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Redmi Note 8, Redmi Note 8 Pro Sail Past 30 Million-Unit Sales Globally, Xiaomi India Chief Reveals
The Managing Director of Xiaomi India, Manu Kumar Jain has announced that Xiaomi's Redmi has sold a total 30 million (3 crore) units of Note 8 series worldwide since its launch in August 2019.
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Steel Authority Not To Shut Down 3 Loss-Making Steel Units: Chairman
"Process of divestment is on. We will not close down these special units," Mr Chaudhary told PTI, when asked whether the company will consider shutting down these plants if the steel maker does not find suitable buyers for them. Three units are functioning as per demand, but operating below their optimal capacities, SAIL officials said, adding that...
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Redmi Note 8, Redmi Note 8 Pro Sail Past 1 Million-Unit Sales in 1 Month, Xiaomi India Chief Manu Kumar Jain Reveals
Xiaomi has sold over one million units of Redmi Note 8 and Redmi Note 8 Pro smartphones in just one month of their launch in India.
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Mahindra's Q2 Profit Drops By 27% For FY2020
One of India's largest conglomerates, Mahindra & Mahindra reported a 26.5 per cent drop in quarterly net profit for the period between July and September during FY2019-20. The drop in profits emerges after the automaker has been struggling to sail through the market slowdown that has limited the sales for its SUVs, cars, trucks and commercial vehic...
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MPV Segment Posts 4% Sales Growth Between April-September 2019 Despite Market Slowdown In India: Survey
The Indian auto sector has been going through a lull phase since the beginning of the year and it wasn't until the festive season last month that carmakers saw the stocks moving once again. Almost every auto segment including hatchbacks, sedans and in-vogue SUVs failed to perform, even though we did see some growth spurt amidst new launches. Howeve...
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Idea-Vodafone Tower Sale Awaited Before The Mega Merger Sails Through
Closure of Vodafone and Idea's mobile tower sale deal, and raising FDI limit in the Aditya Birla group firm are holding the government's approval to the merger of two operators' to create the largest Indian telecom player, according to sources
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Country's Largest Steelmaker SAIL Posts 7% Rise In Sales
Between April To August SAIL increased its market share to 14.6 per cent from 13.4 per cent.
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Government Plans Rs 34,500-Crore Stake Sales In Indian Oil, Six Other PSUs
The Department of Investment and Public Asset Management has sought bids from merchant bankers and legal advisors to manage the sale of shares in firms including Indian Oil and SAIL.
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Final Call On Strategic Divestment Of SAIL Units By September
SAIL had earlier said the government will hold auction to identify strategic buyers for SAIL subsidiaries -- Bhadravati, Salem and Durgapur.
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No 'Distress Sale' For SAIL Units: Steel Secretary
Earlier, the government had given in-principle approval to strategic disinvestment of SAIL's Bhadrawati, Salem and Durgapur alloy steel plants.
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SAIL's Debt At Rs 35,144 Crore On Dearer Coal, Low Realisation
The country's largest steelmaker SAIL's borrowings rose to Rs 35,144 crore as on October 2016 hit by declining net sales realisation (NSR) and high coking coal prices, Parliament was informed.
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TikTok Ban Looms as President Biden Signs Law With 270-Day Sale Deadline
For TikTok, the clock has started running in its existential fight to avoid a US ban. Legislation requiring the social media app’s Chinese owners to divest sailed through Congress, capped by Senate passage late Tuesday as part of a larger foreign-aid package. President Joe Biden signed into law Wednesday, beginning a 270-day countdown for a sale ...
-
Adani Confident Of New Issue Sailing Through, Stock Sell-Off Under Probe
Richest Asian Gautam Adani's group on Sunday expressed confidence that the Rs 20,000 crore follow-on share sale of its flagship firm will sail through despite a massive hammering of the conglomerate's stocks.
-
Tata Steel Acquires SAIL's Stake, Takes Over S&T Mining
Tata Steel on Tuesday said that it has completed the acquisition of entire stake held by state-owned SAIL in S&T Mining
-
Government To Sell 10% Stake In SAIL, Stock Falls 8%
The government has decided to sell up to 20.65 crore shares or 5 per cent of total equity of Steel Authority of India through an offer for sale (OFS), the company said in a regulatory filing
-
Redmi Note 8, Redmi Note 8 Pro Sail Past 30 Million-Unit Sales Globally, Xiaomi India Chief Reveals
The Managing Director of Xiaomi India, Manu Kumar Jain has announced that Xiaomi's Redmi has sold a total 30 million (3 crore) units of Note 8 series worldwide since its launch in August 2019.
-
Steel Authority Not To Shut Down 3 Loss-Making Steel Units: Chairman
"Process of divestment is on. We will not close down these special units," Mr Chaudhary told PTI, when asked whether the company will consider shutting down these plants if the steel maker does not find suitable buyers for them. Three units are functioning as per demand, but operating below their optimal capacities, SAIL officials said, adding that...
-
Redmi Note 8, Redmi Note 8 Pro Sail Past 1 Million-Unit Sales in 1 Month, Xiaomi India Chief Manu Kumar Jain Reveals
Xiaomi has sold over one million units of Redmi Note 8 and Redmi Note 8 Pro smartphones in just one month of their launch in India.
-
Mahindra's Q2 Profit Drops By 27% For FY2020
One of India's largest conglomerates, Mahindra & Mahindra reported a 26.5 per cent drop in quarterly net profit for the period between July and September during FY2019-20. The drop in profits emerges after the automaker has been struggling to sail through the market slowdown that has limited the sales for its SUVs, cars, trucks and commercial vehic...
-
MPV Segment Posts 4% Sales Growth Between April-September 2019 Despite Market Slowdown In India: Survey
The Indian auto sector has been going through a lull phase since the beginning of the year and it wasn't until the festive season last month that carmakers saw the stocks moving once again. Almost every auto segment including hatchbacks, sedans and in-vogue SUVs failed to perform, even though we did see some growth spurt amidst new launches. Howeve...
-
Idea-Vodafone Tower Sale Awaited Before The Mega Merger Sails Through
Closure of Vodafone and Idea's mobile tower sale deal, and raising FDI limit in the Aditya Birla group firm are holding the government's approval to the merger of two operators' to create the largest Indian telecom player, according to sources
-
Country's Largest Steelmaker SAIL Posts 7% Rise In Sales
Between April To August SAIL increased its market share to 14.6 per cent from 13.4 per cent.
-
Government Plans Rs 34,500-Crore Stake Sales In Indian Oil, Six Other PSUs
The Department of Investment and Public Asset Management has sought bids from merchant bankers and legal advisors to manage the sale of shares in firms including Indian Oil and SAIL.
-
Final Call On Strategic Divestment Of SAIL Units By September
SAIL had earlier said the government will hold auction to identify strategic buyers for SAIL subsidiaries -- Bhadravati, Salem and Durgapur.
-
No 'Distress Sale' For SAIL Units: Steel Secretary
Earlier, the government had given in-principle approval to strategic disinvestment of SAIL's Bhadrawati, Salem and Durgapur alloy steel plants.
-
SAIL's Debt At Rs 35,144 Crore On Dearer Coal, Low Realisation
The country's largest steelmaker SAIL's borrowings rose to Rs 35,144 crore as on October 2016 hit by declining net sales realisation (NSR) and high coking coal prices, Parliament was informed.
