BUSINESS
Gujarat govt inks pact with Adani for largest logistics park
The proposed 1,450 acre park will have a dedicated air cargo complex with 4.6 km long runway to handle even large sized cargo aircraft and will offer direct air, rail and road connectivity. It will also have a provision of direct rail connectivity with dedicated freight corridor which is part of the Delhi-Mumbai Industrial Corridor (DMIC).
DHFL CoC declares Piramal as successful bidder
The implementation of the resolution plan is subject to the terms of the LOI and requisite approvals from the Reserve Bank of India, the National Company Law Tribunal's Mumbai Bench and other approvals by regulatory bodies, and courts of tribunals.
Reliance Jio's October-December net profit grows to Rs 3,489 crore on quarter-on-quarter basis
During the July-September quarter, the company's net profit stood at Rs 3,020 crore. The telecom major's operating revenue during the period under review stood at 19,475 crore, higher by 5.3 per cent on QoQ basis, the company said in a statement.
RBI proposes multilayer system, stricter norms for non-banking finance companies
The RBI, in a discussion paper, proposed to differentiate between NBFCs depending upon the layer they belong to, such as base and middle. As per the discussion paper, NBFCs in the lower layer will be known as 'NBFC-Base Layer' (NBFC-BL), and for the middle layer as 'NBFC-Middle Layer' (NBFC-ML).
Yes Bank logs net profit of Rs 151 crore in October-December quarter
The net interest income of the restructured bank increased by 29.7 per cent on quarter-on-quarter basis to Rs 2,560 crore. Besides, the bank reported a total step up in provisioning of Rs 2,935 crore, consisting of additional Rs 765 crore towards Covid-19 related provisioning and the balance majorly towards increasing 'PCR' of both 'NPA and NPI'.
GoAir commences 'Freedom Sale', offers 1 million seats for booking
As part of its "Freedom Sale", the airline has made available "one million seats" to book on its domestic network. "Starting at an all-inclusive lowest fare of INR 859, the eight-day freedom sale is effective from January 22 to January 29, 2021, and will be valid on one-way fares for travel from April 1 until December 31, 2021 on airline's domestic network," the airline said in a statement.
Several companies took part in virtual roadshow of Rail Land Development Authority
According to RLDA, the week-long event witnessed the participation of representatives from renowned companies such as Macquarie Group, Ontario Teachers' Pension Plan, Brookfield, I Squared Capital, Mahindra Group, Mecef International, Infrastructure Asia, among 30-35 others.
RIL's Q3FY21 consolidated net profit rises to Rs 14,894 crore
Accordingly, the company's consolidated net profit during the third quarter of FY21 increased to Rs 14,894 crore from Rs 11,841 crore reported for the corresponding period of the previous fiscal. The consolidated net profit attributable to owners of the company also fell to Rs 13,101 crore from Rs 11,640 crore reported for the corresponding quarter of the previous fiscal.
India Inc counts on the Budget announcements; optimistic about growth in FY22: Deloitte survey
According to a recent survey conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), a majority (68 per cent) of the 180 industry leaders are positive about India's economic revival. The survey noted that Respondents believe that the mass vaccination drive, the government's stimulus packages and other policy changes, focused attention to infrastructure, and continuing efforts on digitisation are some key areas helping India revive and thrive.
Vaccine to Vacation: Inoculation drive to pump up airline sector
Market insiders have cited that the commencement of the inoculation drive has raised travellers' optimism, which will not only boost air travel, but also the entire hospitality value chain. Consequently, industry players like ixigo have seen a surge in demand and search queries.
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