Page 4 - Private Companies

US private sector witnessed slower job growth in August, says report

Private companies in the US added 132,000 jobs in August, indicating a slower growth in a tight labour market, a payroll data company said in a report

Prep for curtailed lifestyle change at start: Entrepreneur Munish Randev

Munish Randev, founder and CEO, Cervin Family Office and Advisors, shares what it takes to start a new business

Most companies floated in Bengal after demonetisation vanished: Report

A number of companies floated in West Bengal immediately after demonetisation period have been wound up in the past five years, as per Income Tax department sources.

Tata Motors' Q1 loss widens to Rs 5,007 cr amid chip woes, China lockdown

Losses at the UK subsidiary widened to £482 million, from £286 million, as JLR retail sales fell 37 per cent to 78,825 units from the year-ago quarter

Hero MotoCorp selects Accenture to enhance supply chain, reduce costs

Accenture will use its zero-based supply chain approach to facilitate Hero MotoCorp's cost optimisation efforts

Vedanta seeks shareholder nod for related-party deals worth Rs 8,661 cr

Three resolutions have been listed on the agenda of the company's annual general meeting (AGM), to be held on August 10, involving subsidiaries

UAE-based billionaire Yussuf Ali's Lulu Group enters UP with supermarket

Known for its sprawling business interests worldwide, billionaire Yussuf Ali-led Lulu Group is now entering northern India with one of the largest supermarkets in Uttar Pradesh

UAE's Lulu Group expands in country of its founder Yusuff Ali

Abu Dhabibased supermarket chain Lulu Group opened a mall in Lucknow on Sunday as it expands in the country of its founder Yusuff Ali.

Invact Metaversity CEO Maheshwari steps down, will explore other avenues

The company has been in news as both the founders, Maheshwari and Tanay Pratap, had differences on how to run the firm

Govt wants private companies to set up new manufacturing units fast

The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024

Strategic divestment to get tax deduction for previous losses

However, this relaxation would cease to exist after the private company stops holding 51 per cent in the erstwhile public sector company after strategic disinvestment

Negligible subsidy regime widens doors for pvt firms to expand domestic LPG

Reliance Gas, GoGas, and Aegis Gas could step up

Listed private mfg firms' sales soar 75% in Q1 on low base: RBI data

Sales of 1,647 listed private manufacturing companies recorded "extraordinarily high" growth of 75% in the first quarter of FY'22 mainly due to a very low base in the pandemic-hit year-ago period

Gadkari asks private players to come forward for developing social bonds

Union Minister Nitin Gadkari on Monday asked all private sector entities to come forward for the development of social bonds

PAG to invest Rs 1,054 cr for majority stake in contract manufacturing firm

Vishal Shah will retain a significant minority stake in Acme and continue as managing director and CEO.

Sales of listed private manufacturing companies jump 31% in Jan-Mar quarter

Sales of listed private manufacturing companies surged 31 per cent year-on-year in the fourth quarter of the last fiscal on favourable base as well price effect, according to RBI data

Sebi overhauls norms for appointment, removal of independent directors

Move designed to reduce sway of promoters; regulator also prunes minimum application amount for REITs and InvITs to Rs 10,000-15,000.

Adar Poonawalla exits Panacea Biotec; sells entire stake for Rs 118 cr

Serum Institute of India CEO Adar Poonawalla offloaded his entire stake in Panacea Biotec amounting to 5.15 per cent shareholding of the firm for Rs 118 crore, through an open market transaction

US private sector adds 517,000 jobs in March on labour market recovery

Private companies slashed roughly 20 million jobs in March and April last year amid Covid-19 shutdowns

Decoded: What is SPAC and is it the real thing or a misplaced hype?

Special Purpose Acquisition Companies, or SPACs, are listed shell companies created with the sole purpose to acquire unlisted or private companies and then merge with the latter