Page 1080 - Company News

Always been fully compliant with FEMA regulations: Byju's assures investors

The edtech giant has reached out to all its investors regarding an alleged show-cause notice issued by ED and assured them that the firm has not violated any foreign exchange rules

TCS to take $125 mn hit to Q3 earnings over US trade secret lawsuit

The US Supreme Court on Monday rejected TCS' appeal against a verdict passed by the District Court of Wisconsin, upholding an order that includes $140 million in punitive damages

MANA Projects to invest Rs 500 cr in luxury housing project in Bengaluru

Bengaluru-based MANA has launched a residential project which is spread over 6.39 acres and comprises 680 flats at Sarjapur Road in East Bengaluru

Brigade Enterprises to double seats in coworking brand BuzzWorks by FY24

Former hospitality and real estate professional Siddharth Verma has been appointed general manager (GM) to oversee the planned expansion of BuzzWorks

Adani Group to bid for duty-free shops at Macau international airport

The subsidiary has been incorporated for the purpose of getting into the duty-free industry

Strides Pharma gets USFDA approval for Levetiracetam Oral Solution

The Levetiracetam Oral Solution has a market size of around $55 million, according to data reported by IQVIA

Volkswagen launches 'Sound' edition for Taigun, Virtus with enhanced audio

The new 'Sound' variants will be offered in four colour options, which include Lava Blue, Carbon Steel Grey, Wild Cherry Red, and Rising Blue

ED issues notice to Byju's for violation of forex rules, firm denies

The agency has alleged violations by the company worth Rs 9,000 crore ($1.1 billion) under the Foreign Exchange Management Act (FEMA), the television channel reported

Godrej Properties to meet Rs 14K-cr sales bookings target: Pirojsha Godrej

Godrej Properties, the real estate arm of Godrej Group, had sold properties worth Rs 12,232 crore in the previous fiscal

KEC International bags new projects worth Rs 1,005 cr in India, overseas

The RPG Group company has bagged projects for transmission and distribution and cabling in the domestic market as well as in the Middle East, Europe, Africa and Americas

Jio Financial Services eyes Rs 5K-10K crore via maiden bond issue

Market participants said the rate on the bonds might be 15-25 basis points higher than that on Reliance Industries bonds issued earlier this month

Kumar Mangalam Birla's carbon black unit to raise $1.5 billion loan: Report

Proceeds from the sale will used mainly to refinance existing debt, with a smaller portion set aside to fund expansion, people familiar with the matter said

Liquidation share in insolvency cases on the decline, shows IBBI data

Experts attribute it to initial economic conditions of companies entering CIRP

Oberoi Realty flying high on new launches; brokerage bullish on the stock

Analysts expect the company to maintain its growth momentum and continue to deliver strong earnings growth with new project launches

Recovery rate from personal guarantors may rise: CareEdge Ratings

The Supreme Court upheld the constitutionality of IBC provisions on Personal Guarantors' Insolvency Resolution, dismissing over 200 petitions which challenged its legal validity

With over Rs 10K cr win, L&T races to another robust quarter for orders

As of Monday, L&T has reported new order wins for FY24, just shy of the Rs 2 trillion mark by a few hundred crore

McDonald's to acquire investment firm Carlyle's 28% stake in China unit

The deal will help McDonald's raise its holdings to 48%, while a consortium led by state-backed conglomerate CITIC Ltd will maintain its controlling ownership with a 52% stake in the business

Toyota fined $60 m for lending abuses, soiling credit reports: US regulator

Toyota Motor Credit, the automaker's U.S.-based lending arm, will pay a $12 million civil fine and $48 million to car buyers harmed since 2016

'We are struggling to stay afloat', SpiceJet tells Delhi High Court

Singh had sought to set aside a portion of the award, which directed the airline to refund Rs 270 crore to Kal Airways and Maran

Amway generated proceeds of crime of over Rs 4k cr via MLM scheme: ED

The federal agency said this after filing a charge-sheet against Amway India Enterprise Pvt Ltd before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad