Sector: Infra
Anil Ambani planning to increase stake in Reliance Infra, Reliance Power
Anil Ambani, the chairman of Reliance Infrastructure and Reliance Power, told shareholders at a virtual annual general meeting (AGM) on Tuesday that promoters would increase the stake in the two companies. Ambani also informed shareholders that Reliance Power had refrained from availing a moratorium on its loans, calling the moratorium a ‘financial penalty’. “The promoters … Read more
Sahara Group says no layoffs; gives salary hikes, promotions to employees despite COVID pressure
Even as COVID-related layoffs and salary cuts ensued across sectors, the Sahara Group on Monday said it has given pay hikes and promotions to its employees. Further, it said that there will be no layoffs of workers from any of its business vertical due to the coronavirus situation. The Sahara Group is also planning to … Read more
Gati – family feud threatening to put the brakes
The rift within the family running Hyderabad-based logistics company Gati would have stayed under wraps had the firm not decided to cede management control to Allcargo Logistics in a deal. The prime mover of the agreement is Managing Director (MD) and Chief Executive Officer (CEO) Mahendra Agarwal while his wife, Neera Agarwal, and their two … Read more
Is it time to buy the Indian midcaps – Update December 31, 2019
4th note in the series… the last one for calendar year 2019 !
Gautam Thapar cites board approvals, rejects fund misuse allegations
Citing regular board approvals for various inter-corporate loans, former CG Power Industrial Solutions’ non-executive chairman Gautam Thapar has refuted allegations of fund misuse amid alleged governance lapses coming under the regulatory scanner, according to documents submitted by him to the government. In a 36-page submission to the corporate affairs ministry early November, Thapar, who was … Read more
Confused about which Indian sector to invest into? Here are the key facts to help you choose
Car sales down, consumers muted, banks struggling, public spending increasing, IT and pharma facing global headwinds. Choice gets more confusing than ever !