Diageo decides to produce booze with renewable energy
Wed, Sep 29, 2021 8:17 AM

Diageo decides to produce booze with renewable energy

Diageo PLC inaugurated its first carbon-neutral distillery in the U.S. as part of its plan to get fossil fuels out of alcohol production over the next decade, a project that also means extra costs for the business. The London-based owner of Smirnoff vodka and Tanqueray gin announced that its new whiskey distillery in Lebanon targets to operate entirely on renewable energy.

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Mobile handset solutions maker Lava submits DRHP with Sebi
Wed, Sep 29, 2021 8:01 AM

Mobile handset solutions maker Lava submits DRHP with Sebi

Mobile handset solution Lava International has filed draft papers with market watchdog Sebi to generate funds through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 500 crore and an offer for sale (OFS) component of 4,37,27,603 equity shares. Proceeds from the issue will be used for marketing and brand building activities and funding acquisitions.

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đź“Š Companies are announcing Q1 results today!
Wed, Sep 29, 2021 8:00 AM

đź“Š Companies are announcing Q1 results today!

Two companies are expected to annouce their Q1 results today (September 29, 2021). They are: [1] Sindhu Trade Links Ltd: The firm deals in the business of logistics, trading of oil and lubricants, investment, and finance. [2] Technofab Engineering Ltd: The firm serves the Power, Industrial, and Infrastructure Sectors with comprehensive BOP and auxiliary systems. How will the market react today?

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Viacom18 secures broadcast and digital rights for Italian Serie A
Wed, Sep 29, 2021 7:51 AM

Viacom18 secures broadcast and digital rights for Italian Serie A

Viacom18 won the broadcast and digital rights for football league Italian Serie A for the Indian sub-continent region for the next three seasons. The latest edition of Italian Serie A kicked off on August 21. Italian Serie A is one of the most exciting and competitive leagues in Europe and the company is excited to bring it viewers across digital and broadcast platforms to watch it.

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Rs 789cr mobilised by Aditya Birla Sun Life AMC from anchor investors
Wed, Sep 29, 2021 7:45 AM

Rs 789cr mobilised by Aditya Birla Sun Life AMC from anchor investors

Aditya Birla Sun Life AMC mobilised Rs 788.95 crore from 50 anchor investors on September 28, ahead of its IPO. The public issue will open for bidding on September 29 and will close on October 1. The company, in consultation with selling shareholders and merchant bankers, has finalised the allocation of 1,10,80,800 equity shares to anchor investors at a price of Rs 712 per share.

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Nagaland govt decides to commence Unlock-7 from Oct 1 to 30
Wed, Sep 29, 2021 7:37 AM

Nagaland govt decides to commence Unlock-7 from Oct 1 to 30

The Nagaland government Tuesday plans to initiate its latest phase of unlocking till October 31 with more relaxations. The state government has been announcing the unlocking process in a phased manner since July 1 and the current Unlock phase six was to end on September 30. The decision on Unlock-7 was taken at a review meeting of the High Powered Committee (HPC) on COVID-19.

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Oil demand rebound forecasted by OPEC before post-2035 plateau
Wed, Sep 29, 2021 7:34 AM

Oil demand rebound forecasted by OPEC before post-2035 plateau

Demand for oil will increase in the coming few years as the global economy recovers from the pandemic, OPEC announced on September 28. It added that the world needs to keep investing in oil production to avert a crunch even as the energy transition is underway. The view from the Organization of the Petroleum Exporting Countries contrasts with others such as an International Energy Agency report.

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$3 million garnered by VRO Hospitality in Series-A funding round
Wed, Sep 29, 2021 7:30 AM

$3 million garnered by VRO Hospitality in Series-A funding round

VRO Hospitality confirmed the raising of $3 million (about Rs 22.5 crore) in Series-A funding. The funding was a mix of equity and debt, led by CreedCap Asia Advisors, along with other undisclosed angel investors, it added. The Bengaluru-based hospitality chain owns and operates food and beverage (F&B) brands such as Mirage, Hangover, Badmaash, Nevermind, and Tycoons.

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Infosys signs MoUs with Karnataka govt to attain NEP objective
Wed, Sep 29, 2021 7:23 AM

Infosys signs MoUs with Karnataka govt to attain NEP objective

To boost skill development among students as per National Education Policy (NEP-2020), Karnataka's Department of Higher Education and IT Service major Infosys signed three memorandums of understanding (MoUs). The agreements would help the Karanataka government utilise 'Infosys Springboard', comprising of over 3,000 skill development courses for college students.

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PVR reopening its multiplex PVR Saket with a new release
Tue, Sep 28, 2021 10:57 PM

PVR reopening its multiplex PVR Saket with a new release

Multiplex operator PVR declared the reopening of its flagship multiplex property PVR Saket on September 30 with the release of the much-awaited James Bond venture (No Time To Die). Recognized as India's first multiplex, PVR Saket was shut in 2019 and PVR Chairman and Managing Director Ajay Bijli had said that the property will resume after it was revamped.

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ICAI to perform an impact assessment of the accounting standard revision
Tue, Sep 28, 2021 10:49 PM

ICAI to perform an impact assessment of the accounting standard revision

The government has directed accounting rule maker the Institute of Chartered Accountants of India (ICAI) to do an impact assessment of the accounting standard revision it offered for small companies.  These companies do not need to follow the Indian Accounting Standards or Ind AS, which is based on International Financial Reporting Standards (IFRS), mandated for listed and large companies.

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Star Housing Finance's loan book logs Rs 100 cr this year (so far)
Tue, Sep 28, 2021 10:45 PM

Star Housing Finance's loan book logs Rs 100 cr this year (so far)

Affordable housing-focussed Star Housing Finance Ltd (Star HFL) on Tuesday said its loan book has logged Rs 100 cr during the current fiscal year so far. Star Housing Finance, running in the affordable housing finance space, has accomplished a milestone of Rs 100-cr loan book in the current financial year, it said in a statement.

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Suryoday Small Finance Bank closing its ATM services from October 1
Tue, Sep 28, 2021 10:42 PM

Suryoday Small Finance Bank closing its ATM services from October 1

Suryoday Small Finance Bank will stop its ATM services from October 1. The bank on its website said, "due to operational causes, Suryoday Bank ATMs will be suspended w.e.f. 1st Oct 2021." However, one can continue to use their Suryoday Bank ATM/Debit Card at any other Bank’s ATM for your cash withdrawal requirements, it added.

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NCLT to hear plea over Suraksha’s bid approval on October 26
Tue, Sep 28, 2021 10:25 PM

NCLT to hear plea over Suraksha’s bid approval on October 26

The National Company Law Tribunal (NCLT) on September 28 chose to hear the pleas for the approval of the Suraksha Group's bid to take over real estate firm Jaypee Infratech on October 26. The matters concerning Corporate Insolvency Resolution Process (CIRP) of Jaypee Infratech Limited were listed before the Delhi-based Principal Bench of NCLT on September 28 but no submissions could be made.

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M&M looking funding options for its EV supercar unit: Report
Tue, Sep 28, 2021 10:20 PM

M&M looking funding options for its EV supercar unit: Report

Mahindra & Mahindra Ltd is considering options to garner funds for its Automobili Pininfarina unit as it eyes bringing a delayed $2.2 million electric hypercar into production. The Indian carmaker’s interests include a potential overseas listing of the EV supercar business. A merger with a blank-check company is one situation being read for Automobili Pininfarina.

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