BUSINESS
CCI could revisit its order approving Amazon-Future Coupons deal
The Competition Commission of India (CCI) could look again into its November 28, 2019 order approving the deal between Amazon and Future coupons. In its 2019 filing, Amazon did not disclose to the CCI that it had restricted the promoters of Big Bazaar and other companies to sell, partner or collaborate within any other retailer in India, when it invested in Future Coupons.
ICICI Videocon loan case: Chanda Kochhar granted bail by court
In November last year, the ED filed its first chargesheet in the ICICI-Videocon loan case, naming Chanda Kochhar, Deepak Kochhar, Videocon group chief Venugopal Dhoot and seven firms in a money laundering case.
'India needs to expand steel production to meet rising demand’
The report titled 'Rewriting the growth story for India's Steel industry' noted that India had set its sights on a capacity of 180 million to 190 million tons per year (MTPA) by 2024-2025 and 300 MTPA by 2030.
Pepperfry gets Rs 35 cr in fresh funding from InnoVen Capital
"Our business has seen strong momentum through Covid and we continue to make good progress towards achieving profitability and managing cash flows," said Neelesh Talathi, CFO, Pepperfry.
India's January passenger vehicle sales rise over 11% YoY
Sale of passenger vehicles increased by 11.14 per cent in January 2021, according to data from the Society of Indian Automobile Manufacturers (SIAM) released on Thursday. The data showed 276,554 lakh passenger vehicles were sold last month compared to over 248,840 lakh units during the same period of 2020.
'Automakers' profitability likely to weaken after strong Q3FY21’
High commodity prices along with lower sales volumes are likely to put pressure on automakers' margins after an improvement Q3FY21, Fitch Ratings said in a report.
L&T Construction bags contract for Mauritius Metro corridor
The project involves the construction of a fully integrated light rail-based Urban Transit System from Rose Hill Interchange towards Ebene reaching Reduit near the University of Mauritius, L&T said in a regulatory filing.
Boeing to continue assisting Indonesian plane crash probe
American airplane giant Boeing said that its technical experts will continue assisting the investigation into an Indonesia plane crash that took place last month. "We are deeply saddened by the loss of the crew and passengers on Sriwijaya Air flight SJ-182," Boeing said in a statement on Wednesday, adding that the company will provide the support needed "during this difficult time".
India's Budget points to a loosening of fiscal policy: Fitch Ratings
The debt/GDP trajectory is core to our sovereign rating assessment, meaning higher deficits and a slower consolidation path will make India's medium-term growth outlook take on a more critical role in our analysis, says Fitch Ratings.
Modi's vaccine promise to Canada breaks irritants: Indo-Canada Chamber
Trudeau is facing a public backlash because of the lack of the availability of vaccines as both Pfizer and Moderna have either cut or delayed shipments to Canada which has got only 1.1 million doses so far.
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