Jul 19, 2022
By: Bhakti MakwanaReliance Jio Infocomm has put in ₹14,000 crore as earnest money deposit (EMD), highest among other contenders for the 5G spectrum auction.
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The automaker announced it has hiked its stake in its Finland-based Sampo Rosenlew Oy to 100 percent with the acquisition of equity shares for over ₹35 crore.
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The telecom major intends to transform its advertising business into a multibillion-dollar revenue generator in the next 10 years.
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The IT services firm has signed a multi-year digital transformation deal with Netherlands-based pharma and personal care company DSM for digital transformation solutions.
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The lender will invest up to ₹350 crore for a 20 percent stake in asset reconstruction company JC Flowers, which has emerged as the bidder for the lender's bad loans worth ₹48,000 crore.
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The lender’s board has approved a proposal to raise ₹20,000 crore in debt to fund business growth.
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The textile manufacturer has widened its net loss to ₹141 crore against a loss of ₹97 crore last year.
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The company’s net profit grew by 7.76 percent to ₹4.72 crore in June quarter from Rs 4.38 crore last year.
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Hindustan Unilever, Ambuja Cements, HDFC Life Insurance Company, L&T Finance Holdings, AU Small Finance Bank, DCM Shriram, Hatsun Agro Product, ICICI Lombard General Insurance, among companies to announce quarterly earnings today.
Credit: BCCL