BUSINESS
Vodafone Idea shares decline 19% as board plans to convert dues into equity
"The board of directors, at its meeting held on January 10, 2022, has approved the conversion of the full amount of interest related to spectrum auction instalments and AGR dues into equity," Vodafone Idea said in a regulatory filing on Tuesday.
1 in 7 German companies fear for survival: Survey
Travel agencies and tour operators, as well as companies in the event industry in Germany considered themselves to be particularly at risk, with 73.2 per cent and 67.4 per cent fearing for survival, respectively, reports Xinhua news agency citing the published by the Munich-based ifo Institute on Monday. The situation was only slightly better in the country's restaurant and catering as well as in the accommodation industry.
ICICI-Videocon scam: SC junks ED's appeal against bail to Deepak Kochhar
Deepak Kochhar moved the high court after a special Mumbai court declined to entertain his bail plea in December 2020. The ED moved the Supreme Court challenging the high court order.
SIP contribution hits all-time high in Dec at Rs 11,305.34 cr
In November, contributions through the SIP route were at Rs 11,005 crore. Also, the number of SIP accounts grew to 4.91 crore from 4.78 crore during the period, the statement added.
Female workers increase to 32% in QES second quarter
"Released the report on the second round (July-September 2021) of Quarterly Employment Survey (QES). Happy to note that employment is showing an increasing trend and the estimated total employment in the nine selected sectors from the second round of QES stands at 3.1 crore," he tweeted after releasing the report, part of All-India Quarterly Establishment-based Employment Survey (AQEES).
ED attaches properties of Kerala businessman, aides in Rs 1.2K cr crypto scam
Nishad K and his associates, who have been booked under the Prevention of Money Laundering Act, allegedly lured depositors in the name of launching ‘Morris Coin Cryptocurrency'.An ED official said that the attached assets include balances in multiple bank accounts of Nishad and his companies, immovable properties, including land of an associate close to Nishad and money equivalent to crypto currencies purchased out of the proceeds of the crime by a close aide of Nishad.
DMRC now says it has Rs 6,208 Cr in cash balances in various accounts, against DAMEPL dues of Rs 6,268 Cr
In an earlier affidavit filed on January 5, DMRC had made partial/limited disclosure of bank account with respect to only Rs 1,642 crore. According to the new affidavit filed today, DMRC has Rs 6208 crore in its various bank accounts as on January 3, 2022. DMRC has to pay Rs 6,268 crore to Delhi Airport Metro Express Ltd. (DAMEPL) as a part of Supreme Court's Rs 7,200 money decree.
More than 850 penny stocks rose over 100% in the past 18 months
The misfeasance is now widespread and IANS has been throwing into stark relief how circular trading and pump and dump schemes are being run brazenly. It is high time that SEBI and the two exchanges start looking at the data and improve their surveillance mechanisms. As per data by BP Wealth, Equipp Social Impact Technologies rose by a whopping 29385 per cent, Simplex Papers by 14479 per cent, TTI Enterprise by 13335 per cent, HCP Plastene Bulkpack by 9620 percent. These were among the top performing penny stocks in the last 18 months.
Court approves $240 mn acquisition of Mahindra's SsangYong Motor
The consortium led by electric carmaker Edison Motors signed a final deal with SsangYong to take over the SUV-focused carmaker, according to the two companies. SsangYong was placed under court receivership in April last year for the second time after undergoing the same process a decade earlier. Its Indian parent Mahindra & Mahindra Ltd. failed to attract an investor due to the Covid-19 pandemic and its worsening financial status.
Equities settle positive on firm earning prospects, return of FPIs in January
"Amid weak global markets and rising Covid cases, the domestic market displayed strong momentum on expectations of a healthy start to the earnings season. PSU Banks led the sectorial rally as reports suggested an increase in FPI limits while the realty sector followed the trend on robust sales numbers and expectations of support measures in the upcoming budget," said Vinod Nair, Head Of Research at Geojit Financial Services.
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