Page 1251 - Company News
IDBI Bank moves NCLAT against Zee Entertainment to challenge NCLT order
IDBI bank has moved the National Company Law Appellate Tribunal (NCLAT) against Zee Entertainment to challenge an NCLT order
 "IDBI Bank moves NCLAT against Zee Entertainment to challenge NCLT order")
ED seizes Rs 25 cr worth of cash, jewellery in raids on Munjal, others
Foreign and Indian currencies and gold and diamond jewellery worth about Rs 25 crore apart from "incriminating" documents were seized
 "ED seizes Rs 25 cr worth of cash, jewellery in raids on Munjal, others")
Competition Comm approves Toshiba Corporation-TBJH deal
In March, TBJH Inc announced that it will buy out all of Toshiba's shares listed on the Nagoya and Tokyo stock exchanges and take the business private
 "Competition Comm approves Toshiba Corporation-TBJH deal")
Chinese carmaker BYD faces investigation for underpaying tax in India: Rpt
India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, underpaid tax of Rs 73 crore ($9 million)
 "Chinese carmaker BYD faces investigation for underpaying tax in India: Rpt")
Mankind Pharma PAT up 66% in Q1 to Rs 494 crore on revenue growth
Juneja also highlighted a 43 per cent YoY increase in Ebitda as a positive outcome of the company's previous initiatives to improve profitability
 "Mankind Pharma PAT up 66% in Q1 to Rs 494 crore on revenue growth")
SpiceJet seeks shareholder approval for 5.91% stake transfer to Carlyle
The lessor will get shares upon conversion of outstanding dues worth $28.16 mn
 "SpiceJet seeks shareholder approval for 5.91% stake transfer to Carlyle")
Brookfield, RIL sign MoU to explore renewable opportunities in Australia
Under the MoU, Brookfield will collaborate with RIL to assess potential capital investment and skill development opportunities in Australia's renewable energy sector
 "Brookfield, RIL sign MoU to explore renewable opportunities in Australia")
Twitter files appeal in Karnataka HC against order dismissing its plea
Microblogging site Twitter (now X Corp) has approached the High Court of Karnataka against the earlier order of a single judge bench which had dismissed its petition
 "Twitter files appeal in Karnataka HC against order dismissing its plea")
Lenovo plans to hire 1,000 techies at shared support centre in Bengaluru
PC maker Lenovo plans to hire around 1,000 technical people at its first shared support centre opened in Bengaluru for global customers, a senior company official said on Wednesday
 "Lenovo plans to hire 1,000 techies at shared support centre in Bengaluru")
IndiGo to set up LLP for venture capital investments in early stage firms
InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors
 "IndiGo to set up LLP for venture capital investments in early stage firms")
KKR to acquire majority stake in pallet pooling platform Leap India
Leap India provides various supply-chain solutions, including equipment pooling, returnable packaging, inventory management and movement, transportation, and repair and maintenance
 "KKR to acquire majority stake in pallet pooling platform Leap India")
Share of slow-moving projects in L&T capital goods order-books shrinks
Top executives from L&T have pointed out that orders booked at lower commodity prices during the pandemic have strained margins for the company
 "Share of slow-moving projects in L&T capital goods order-books shrinks")
70% of startups say tech adoption propels hypergrowth: SAP-Zinnov Study
About 37% of the startups plan to increase their spending on enterprise applications by more than 15% in 2023
 "70% of startups say tech adoption propels hypergrowth: SAP-Zinnov Study")
CDSCO orders Riemann Labs to stop making cough syrup linked to deaths
WHO had on July 19 issued an alert regarding cough syrup supplied in Cameroon stating an analysis has found that the product contained "unacceptable amounts of diethylene glycol as contaminants
 "CDSCO orders Riemann Labs to stop making cough syrup linked to deaths")
Vodafone enters exclusive national roaming partnership with Germany's 1&1
Vodafone's new Chief Executive Margherita Della Valle is leading a turnaround of the group, and as part of that is seeking to improve performance in its largest market, Germany
 "Vodafone enters exclusive national roaming partnership with Germany's 1&1")
Cholamandalam Investment and Finance reports 28.2% rise in Q1 PAT
Cholamandalam Investment and Finance Company Ltd has reported a 28.2 percent rise in its net profits for the April-June 2023 quarter at Rs 726 crore, the company said on Wednesday
 "Cholamandalam Investment and Finance reports 28.2% rise in Q1 PAT")
Dharavi redevelopment: Residents welcome move, but have no clue about plan
Many are also concerned about their livelihood after relocation
 "Dharavi redevelopment: Residents welcome move, but have no clue about plan")
Vistaar Financial Services raises $50 million funding from US govt's DFC
Vistaar Financial Services has secured $50 million funding from the US government's development finance institution, the International Development Finance Corporation (DFC)
 "Vistaar Financial Services raises $50 million funding from US govt's DFC")
Tata Power Renewable Energy signs pacts with MSEDCL for two solar projects
The solar installations are expected to be commissioned by mid-2025 and will generate a substantial amount of clean energy annually, said the company
 "Tata Power Renewable Energy signs pacts with MSEDCL for two solar projects")
Godrej Properties to invest Rs 155 cr to repair housing project in Gurugram
Godrej Properties also announced an offer to buy-back flats or provide rentals to all the unit holders of the project
 "Godrej Properties to invest Rs 155 cr to repair housing project in Gurugram")