Aug 24, 2021
By: Rounak Jain
Credit: BCCL
The Competition Commission of India has imposed a penalty of ₹200 crore for restricting discounts by dealers. It has also been ordered to cease and desist from indulging in anti-competitive practices.
Credit: BCCL
It will debut on the stock exchanges today after its issue was subscribed by over 17 times.
Credit: Aptus
Its board has reappointed Siddhartha Lal as its managing director from May 1, 2021. His reappointment was shot down by shareholders earlier over a proposed salary hike.
Credit: Eicher Motors
Chemplast Sanmar shares will be listed on the bourses today.
Credit: Flickr
Has filed a plea in the Supreme Court over payment of AGR dues of the now-defunct Videocon Telecommunications. Airtel had acquired Videocon’s spectrum in 2016.
Credit: BCCL
Made a discovery of natural gas in a block in Gujarat.
Credit: Vedanta
Its board has approved raising ₹3,000 crore via a rights issue.
Credit: Indian Hotels
Has closed its qualified institutional placement raising ₹2,500 crore of equity capital.
Credit: BCCL
Its subsidiary has incorporated a company named PLR Systems (India) with the objective to manufacture defence and security equipment.
Credit: Adani Enterprises
ICRA has upgraded the credit rating of long-term bank facilities and non-convertible debentures to AA Stable from AA-.
Credit: JSW Steel