India:Nearly 12,900 companies struck off in 2020-21
NEW DELHI: As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same period, according to official data. As per the data provided by the corporate affairs ministry to Rajya Sabha on Tuesday, a total of 2,38,223 companies were struck off […]
Market Capitalization of four of 10 most valued companies jumps over Rs 1.14 trillion
NEW DELHI: Four of the 10 most valued companies added Rs 1,14,744.44 crore to their total market valuation last week, with major contribution coming in from IT giants Tata Consultancy Services and Infosys. While Tata Consultancy Services (TCS), Infosys, Hindustan Unilever Limited and Bharti Airtel witnessed gains in their valuation, Reliance Industries, HDFC Bank, HDFC, […]
Three Indian companies get licence to manufacture NASA’s coronavirus ventilators
By Lalit K Jha WASHINGTON: Three Indian companies have got licences from NASA to manufacture its indigenously developed ventilators for critical COVID-19 patients. The three Indian companies are Alpha Design Technologies Pvt Ltd, Bharat Forge Ltd and Medha Servo Drives Pvt Ltd, the space organisation said in a statement on Friday. Apart from the Indian […]
London Mayor calls for separate norms for Indian companies, students
LONDON: Pakistani-origin London Mayor Sadiq Khan has called for similar preferential norms for Indian companies and students as those offered to China in order to boost foreign direct investment (FDI) from India into the British capital. Indian businesses employ around 50,000 people in London and are the second-biggest foreign investors in London. According to a […]
Indian companies raises Rs 6 trillion from equity, debt markets in 2018 : Report
NEW DELHI: Indian companies have raised nearly Rs 6 lakh crore from equity and debt instruments in 2018, but volatile market conditions brought down the kitty by 30 per cent. Political uncertainties ahead of the 2019 general elections may again cast a shadow on fund-raising activities in first half of the new year. Experts, however, […]