COMPANIES & SECTORS


IANS 28 September 2022
In a high-profile media feed hacking, US-based business news publication Fast Company on Wednesday said its content management system (CMS) was hacked and two obscene and racist push notifications were sent to users via its Apple News alerts.   Apple immediately addressed the incident...

Read More



Moneylife Digital Team 27 September 2022
The ministry of corporate affairs (MCA) appointed Nand Kishore as managing director (MD) of crisis-hit Infrastructure Leasing and Finance Ltd (IL&FS), while incumbent MD CS Rajan has been made non-executive chairman. After the end of the term of Uday Kotak on 2 April 2022, Mr Rajan was...

Read More



Moneylife Digital Team 26 September 2022
Operating profitability of cement-makers in India will decline about 15% to Rs900/tonne to Rs925/tonne in fiscal 2023, adding to the pain of a 9% decline previous fiscal, as an increase in realisations will not be enough to offset the rise in prices of coal, petcoke and diesel that have...

Read More



Sher Singh 26 September 2022
In an interesting case of foreign investment in the Indian agricultural sector, Nashik-based Sahyadri Farms Post Harvest Care Ltd, a little-known farmer-led agri-processing company, has raised Rs310 crore from a consortium of impact investors Incofin, Proparco, FMO and Korys. The consortium...

Read More



IANS 26 September 2022
Delhi High Court (HC) has restrained Axis Bank from substituting PS Toll Road Pvt Ltd (PSTR) as the concessionaire of the Pune-Satara Toll Road Project.   Delhi HC has found Axis Bank in breach of its own undertaking given before the Court.   The Court, in its order, has said...

Read More



IANS 26 September 2022
63 moons technologies, a global leader in providing next-generation technology, user-friendly financial platforms and solutions, and digital markets, on Monday said the company would not provide its exchange technology support and services to Multi Commodity Exchange (MCX) beyond this...

Read More



Moneylife Digital Team 24 September 2022
The Supreme Court (SC), on Thursday, pronounced a jail term of six months to brothers Malvinder Singh and Shivinder Singh in a case filed by Daiichi Sankyo. The Japanese drug-maker had filed a case against the Singh brothers for concealing information regarding wrongdoing while selling their...

Read More



IANS 24 September 2022
Edtech major BYJU's has finally paid the remaining dues of nearly Rs 1,983 crore (over $245 million) to global VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services.   People close to the development told IANS that BYJU's paid the remaining dues to Blackstone...

Read More



IANS 23 September 2022
Steel major Tata Steel Ltd will amalgamate seven group companies with itself, the company said.   In a regulatory filing, Tata Steel said its board of directors at a meeting held on Friday has approved the seven schemes of amalgamation:   1. Tata Steel Long Products...

Read More



Moneylife Digital Team 22 September 2022
The Supreme Court (SC) on Thursday dismissed a review petition filed by Axis Bank Ltd against a recent order passed by the apex court in the corporate insolvency resolution process (CIRP) for Vidarbha Industries Power Ltd, says a report from Bar & Bench.    While dismissing the review...

Read More



IANS 22 September 2022
The enforcement directorate (ED) on Thursday attached assets worth Rs2,747.69 crore of the ABG Shipyard Limited in bank fraud case.   The ED said that the attached assets include shipyards in Gujarat's Surat and Dahej; agricultural lands and plots, various commercial and residential...

Read More



IANS 22 September 2022
Masayoshi Son-led SoftBank has cut the internal valuation of Ritesh Agarwal-run Oyo to US$2.7bn (billion) from its last reported valuation of nearly $10 billion, TechCrunch reported on Thursday.   The reported valuation cut comes at a time when the hospitality major is eyeing its...

Read More



IANS 22 September 2022
Leading IT company Wipro has terminated 300 employees found to be moonlighting with its key rivals at the same time, its Chairman Rishad Premji said on Wednesday.   Speaking at the All India Management Association (AIMA) National Management Convention, Premji termed moonlighting is a...

Read More



IANS 22 September 2022
In the latest development in the Rs 22,842 crore fraud allegedly committed by ABG Shipyard company, the Central Bureau of Investigation has arrested it's promoter Rishi Kamlesh Agarwal.   He will be produced before the Rouse Avenue Court in Delhi on Thursday. The CBI will seek his...

Read More



IANS 21 September 2022
 In a temporary measure to rationalise cost, airline SpiceJet has decided to place nearly 80 pilots on leave without pay for a period of three months.   "This measure, which is in line with SpiceJet's policy of not retrenching any employee which the airline steadfastly followed even...

Read More



IANS 20 September 2022
Former Infosys director TV Mohandas Pai slammed Ritesh Agarwal-run Oyo for allegedly misleading investors via 'fake accounting' as the hospitality major reported its maiden positive EBITDA (earnings before interest, taxes, depreciation and amortisation) during the first quarter of the current...

Read More



IANS 20 September 2022
Credit rating agency Moody's Investors Service on Tuesday said it has withdrawn Kalyan Jewellers India Limited's (KJIL) B2 long-term corporate family rating.   The rating outlook prior to withdrawal was stable.   "In view of the current market conditions, the company has...

Read More



IANS 19 September 2022
Seven out of the total 16 coal blocks issued to State-owned power sector entities or PSUs like National Thermal Power Corporation (NTPC), Damodar Valley Corporation (DVC), Neyveli Lignite Corporation (NLC), THDC (a mini-Ratna company under NTPC) and Patratu Vidyut Utpadan Nigam Ltd (PVUNL - a...

Read More



IANS 19 September 2022
IDBI Trusteeship Services has asked the administrator of Reliance Capital (RCap), Nageswara Rao Y to withdraw the allegations of breach of confidentiality.   In a letter to Mr Rao, IDBI Trusteeship Services said the allegations have been made on the basis of a media article which said...

Read More



IANS 19 September 2022
Ride-hailing major Ola on Monday clarified that nearly 200 engineers, including some in the software vertical, have been asked to go from its 2,000-strong engineer workforce -- 10 per cent of the headcount -- as part of a larger restructuring exercise towards its electric dream.   The...

Read More

Free Helpline
Legal Credit
Feedback