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High Court refuses to stay order barring Lodha from heading M P Birla firms

The Division Bench of the Calcutta High Court on Thursday accepted the pleas of Birlas and declined the prayer of Lodhas and companies for stay on the directions passed by the single judge

Farm bills may prompt companies to procure directly, set up front-end infra

The reforms may translate into new opportunities for firms like ITC, Adani Wilmar and Reliance Retail

Lodha appeal against HC order to lean on extent of Priyamvada Birla estate

As per Lodha, the estate is defined the assets prepared by jt administrators and produced in court. That makes the estate a minority shareholder in all four mfg firms within larger promoter group

Lodhas to file appeal before Division Bench in Calcutta High Court

On Saturday, Single Bench order of Calcutta High Court restrained Shri Harsh V Lodha, non-executive director and chairman of the company from holding any office in MP Birla Group

HC orders removal of Harsh Vardhan Lodha from MP Birla group companies

Lodha ceases to hold all positions in Birla group, including as director in companies and other positions in trusts, societies

Steel companies step up oxygen supply across India to aid Covid-19 patients

In the last 40 days, RINL has supplied more than 4,000 tonnes of liquid oxygen to the local state administration, at an average of 100 tonnes a day

Emami refocuses for handsome gains, puts aside spat with Hindustan Unilever

The company puts the spat with multinational Hindustan Unilever behind it as it squares up to fight the pandemic slump

Signs of green shoots in PVs, two-wheelers: Exide CEO Gautam Chatterjee

Many OEMs have registered improved sales vis-a-vis the past couple of months, and these bring back a sentiment of resolve to the sector, he said

Signs of green shoots in passenger vehicles and two-wheelers: Exide

Chatterjee informed that two new companies - MG Motor (with its Hector model) and KIA Motors (with its Seltos) started this year with 100 per cent use of Exide batteries

We are full-out on capacity in batteries: Eveready's Amritanshu Khaitan

Eveready recorded a 234 per cent increase in profit before tax (PBT) to Rs 30.29 crore in the June quarter even as operating income fell by around 18 per cent

McLeod Russel pre-tax loss at Rs 94.9 cr in Q1 due to crop loss, lockdown

Total income for quarter down 28% at Rs 245.83 cr, net loss stood at Rs 90.52 cr as against a loss of Rs 11.64 cr a year ago

US-based fund DVI invokes force majeure clause in Amtek's debt resolution

While a force majeure clause is common in commercial contracts, in an IBC case, the committee of creditors (CoC) generally doesn't agree to including such a clause in the resolution plan

Steel under spotlight as price inches towards pre-Covid level

Fimi, EEPC raise issue with the govt over price hike, saying domestic market rates are higher than export prices

ITC gets a new CFO in Supratim Dutta as part of organisational revamp

Appointment with effect from September 5 as new man in replaces Rajiv Tandon, who continues on board, with Dutta reporting to him

Localised lockdown impacting ITC's recovery pace, outlook uncertain: Puri

ITC would respond with agility to strengthen its market standing while sharply focusing on cost reduction measures, Puri reassured shareholders

Mamata asks PM to intervene in GST impasse, joins non-BJP CMs in 'protest'

Asserts that Centre must borrow to meet GST shortfall at this critical hour of Covid-19 pandemic, says states will reciprocate

Covid-19 clouds IBC resolution, applicants seek payment schedule relaxation

In June, Deccan Value Investors (DVI), which won Amtek Auto, filed an application with the Supreme Court asking for an extension of time to discuss terms with the committee of creditors

Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall

Meet today to outline strategy on compensation

West Bengal rejects Centre's borrowing propositions to meet GST shortfall

Says will engage with other states to take collective steps

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19