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Wednesday, April 14, 2021

GE Power India to acquire 50% equity stake in NTPC GE Power Services

GE Power India's board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore.

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SIAM hails government's decision to extend FAME II certificate validity

Auto industry body SIAM on Wednesday termed the government's move to extend the FAME II certification validity by one year as a step in the right direction

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Apple orders 'Louis Armstrong' documentary from Imagine Documentaries

Apple Original Films has ordered a documentary on jazz legend Louis Armstrong from Brian Grazer and Ron Howard's Imagine Documentaries. Titled "Black & Blues: The Colorful Ballad of Louis Armstrong", the feature will be directed by Sacha Jenkins. According to The Hollywood Reporter, the documentary will examine Armstrong's life and legacy as a founding father of jazz, the first pop star and a cultural ambassador of the United States. It will also try to remove misconceptions that the trumpet player didn't contribute enough to the Civil Rights Movement. For the research, the Louis Armstrong Educational Foundation granted the makers an access to a wide array of the musician's never-before-seen archival materials including hundreds of hours of audio recordings, film footage, photographs and personal diaries. Jenkins, Julie Anderson, Sara Bernstein and Justin Wilkes will serve as producers on the documentary. The project is part of Apple's first-look agreement with Imagine ...

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Private Banks Q4 preview: Rise in bond yields may dent income; NPA nos eyed

Analysts believe that the truer impact of Covid-19 as regards NPAs could be visible in the quarter even as banks may be tempted to remain prudent due to the second wave of coronavirus

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JSW Steel completes acquisition of 31% stake in Italy's GSI Lucchini SpA

JSW Steel's Italian subsidiary has completed the acquisition of remaining 30.73 per cent stake in GSI Lucchini SpA of Italy for one million euros

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Private Banks Q4 preview: Rise in bond yields may dent income; NPA nos eyed

Analysts believe that the truer impact of Covid-19 as regards NPAs could be visible in the quarter even as banks may be tempted to remain prudent due to the second wave of coronavirus

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Tuesday, April 13, 2021

Future Enterprises defaults on non-convertible debentures' interest payment

Future Enterprises Ltd (FEL) has defaulted on payment of interest on non-convertible debentures (NCDs)

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Omicron has cast a shadow of uncertainty on growth outlook: IndiGo CEO

However, the airline is stronger now when compared to situation in 2020 during the first wave of the pandemic, says Ronojoy Dutta from Com...