IGI Logo

Key News

Paytm integrates govt service to give access to 2,100 blood banks pan-India

Paytm app has integrated eRaktKosh, a centralised blood bank management platform set up by the Indian government, for easy access on its app

With the addition of the eRaktKosh feature, Paytm users will be able to track and share real-time information from a wide range of blood banks. It will also allow Paytm users to look for contact information and find out which is the closest blood bank to them

SC stays NCLAT order in DHFL case on Piramal's appeal

The Supreme Court on Monday stayed the NCLAT order in which it had sent back the Piramal Group’s winning bid for DHFL to the debt-laden finance company’s lenders for reconsidering the valuation.

The National Company Law Appellate Tribunal, in January this year, while delivering a judgement on the 63 Moons Technologies petition, had directed the lenders of Dewan Housing Finance Corporation to reconsider their decision regarding the valuation of the financial firm’s avoidable transactions, while approving the insolvency resolution plan submitted by Piramal Capital & Housing Finance

A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli agreed to the appeal of Piramal Group challenging the NCLAT’s verdict.

Tata Power's plan to reduce debt through InvIT gets delayed

Tata Power’s plans to reduce debt by hiving off its renewables energy businesses into an infrastructure investment trust (InvIT) has missed the March-end deadline.

The company was planning to bring down its gross debt to below Rs 25,000 crore from Rs 49,000 crore with the InvIT structure. The earlier deadline mentioned by Tata group chairman N Chandrasekaran was March 2021 but due to the Covid-19 disruption, the plan could not take off.

TCS revenue crosses Rs 50,000 crore; sees record order book in Q4

Tata Consultancy Services (TCS) beat Street estimates as the information technology (IT) major reported its highest-ever order book and crossed the revenue milestone of Rs 50,000 crore in a quarter, besides logging the highest incremental revenue addition of $3.5 billion in a year.

“We have had a strong Q4 and we are ending the year on a strong note, especially for a year that has been marked by a steady recovery. Even beyond the financial metrics, every other parameter is looking good,” said Rajesh Gopinathan, CEO and MD, TCS.

UltraTech Cement emerges preferred bidder for limestone block in Karnataka

Leading cement maker UltraTech Cement Ltd on Monday said it has been declared as the preferred bidder for a limestone block in an e-auction conducted by the Karnataka government.

"The company participated in the e-auction of Diggaon Limestone Block conducted by the Government of Karnataka and has been declared as the preferred bidder," it said in a regulatory filing.

Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer