Vodafone Idea (Vi) has opted for a four year moratorium on payment of Rs 8837 crore in AGR dues in addition to one exercised last year. Similarly, the telecom company has the option to convert interest on deferred amount into additional equity to government.
The government is set to own 33 per cent stake in Vi following an earlier decision to convert interest with net present value of interest worth Rs 16,000 crore into equity.
Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country.
As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president for new energy at Reliance, said at the BloombergNEF summit in New Delhi on Wednesday.
Realty firm Supertech Ltd on Wednesday said it plans to raise about Rs 300 crore to expedite construction activities at its ongoing projects across the Delhi-NCR market.
In a statement, Supertech said it has "resumed construction in full swing" at all its projects after the orders of the National Company Law Appellate Tribunal (NCLAT) dated June 10, allowing the company to continue project execution at all projects and limiting the scope of corporate insolvency resolution process ordered by NCLT earlier.
Kalpataru Power Transmission Ltd and its arms have bagged new orders worth Rs 2,290 crore.
Kalpataru Power Transmission Limited (KPTL), a leading global EPC (engineering, procurement and construction) player in the power and infrastructure contracting sector, and its subsidiaries have secured new orders/notification of awards of Rs 2,290 crore at a consolidated level, a company statement said.
Shares of food delivery firm Zomato rallied 4 per cent to Rs 68.60 on the BSE in Wednesday’s intra-day trade, thus gaining 5.5 per cent in the last two trading days, after the company said its board will meet on Friday, June 24, to consider a proposed acquisition.
The meeting of the board of directors of the company is scheduled on June 24 to consider a potential acquisition transaction by the company, the consideration for the same may be discharged through issuance of equity shares on preferential basis, Zomato said in an exchange filing on Tuesday after market hours.
Indian CEOs in FY22 got an average compensation of Rs 11.2 crore, with median compensation of Rs 7.4 crore, which is the highest in three years, the Economic Times reported.
According to the 2022 Deloitte India Executive Remuneration Survey, the average compensation of CEOs in FY21 was Rs 9.4 crore (Rs 6.4 crore median), while in FY20, it was Rs 9.8 crore (Rs 6.9 crore median), the report said.
The Delhi High Court on Monday granted time to Delhi Metro Rail Corporation till August 5, after noting that it has called for a proposal from banks for the loan so that it can pay the remaining Arbitral Award amount to Delhi Airport Metro Express Private Limited (DAMEPL).
Justice V Kameswar Rao granted time to DMRC after hearing the submission of the application moved by DAMEPL seeking enforcement of the arbitration award of May 11, 2017. Now the matter has been listed for August 16 for further hearing.
Edtech company Unacademy has appointed Navneet Sharma as its chief business officer – new initiatives.
Joining the Unacademy team he will be charting the growth strategy, business plan, and sales development frameworks for the new avenues that the Test Prep business is exploring, in order to achieve the larger vision and goals of the brand.
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