Oct 4, 2021
By: BI India BureauAvenue Supermarts, which owns and operates retail chain D-Mart, clocked a 46.6 percent revenue growth and 132.3 percent jump in profit between July-Sep 2021.
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State-owned thermal power company NTPC plans to raise ₹15,000 crore by listing three of its subsidiaries in order to meet the government divestment target.
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Founder and chairperson of the company Kiran Mazumdar Shaw’s name has cropped up in the so-called ‘Pandora’ papers that has listed out Indian billionaires with offshore assets.
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Part of Pandora’s revelation is that Glentec, owned by the husband of Biocon’s founder, a British citizen, has 19.76 percent stake in the company. Glentec is registered with RBI and SEBI, Shaw reportedly said.
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The Pandora papers have also reportedly revealed a $1.3 billion maze of offshore investments, one of which shares a promoter firm with Reliance Capital .
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Aurobindo Pharma is recalling multiple products in the US market due to various reasons. Adding to it, N Govindarajan, the managing director, has resigned due to "personal reasons”.
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The Department of Telecom (DoT) has slapped a penalty of ₹2,000 crore on Vodafone Idea and ₹1,050 crore on Bharti Airtel for flouting license conditions .
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It has moved the Bombay High Court against one of its promoters, Invesco, stating that the EGM demand made by the investor is illegal.
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Its board will consider fundraising proposals, while its promoter Inox Wind Energy has reduced its shareholding to 50.53 percent.
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Its board has approved the proposal to acquire Germany-based IT consultancy service provider Beris Consulting for ₹60 crore.
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A capital gains tax demand of ₹8,334 crore has been imposed on the company in relation to the profit from sale of shares of group company Aditya Birla Capital in 2017-18.
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