Page 1412 - Company News

Sundaram Home Finance confident of growth as demand remains positive: MD

Sundaram Home Finance was confident of continuing its growth during the current financial year as the demand in real estate sector remains positive, a top official said on Friday

USA's Neuberger Berman slashes valuation of India's Pine Labs, PharmEasy

Fintech firm's valuation cut by 38% and online pharmacy's by 21% as start-up investors battle macroeconomic uncertainties

Maruti Suzuki to invest $5.5 bn by 2030 to double its capacity in India

It will invest Rs 45,000 crore to start eight assembly lines with an annual production capacity of 250,000 units each across two new facilities

Wadia Group company took $300 million loan from Deutsche Bank: Report

The Wadia Group company obtained the loan by putting a charge on the account of the London-based parent of Britannia Industries

Magicpin records multi-fold growth in daily orders on ONDC in 5 weeks

The number of orders soared beyond expectations as magicpin doubled its daily orders via its own buyer app and through buyer apps of multiple platforms like Paytm, Phonepe's Pincode and Meesho

NCLT dismisses Central Bank insolvency plea against Simplex Infrastructures

EPC firm's balance sheets do not show negative net worth, says tribunal's Kolkata bench

Pratt & Whitney faces higher risks after Go First filed for bankruptcy

"Go First's recent bankruptcy filing has radically changed the field of play in terms of Go First's need for relief and IAE's risk," its filing stated

SoftBank offloads 2% stake worth $120 million in Paytm to meet SEBI rules

This was done in a series of open market transactions since Feb 2023 to comply with Sebi's takeover regulations

Paytm to forego 3% commission it charges as buyer app on ONDC: Report

The commission will be removed on orders fulfilled by the sellers where there are no complaints by the customers

Apple to open first online shop in Vietnam in push to emerging market

The opening on May 18 comes just weeks after the Cupertino, California-based company opened its first Apple stores in India - Mumbai and Delhi

Zee Media board approves submission of bid to pave way for RBNL takeover

In its company filing, Zee Media said that a resolution had been passed on May 5, 2023, that granted approval to the company to submit its EOI with the CIRP of RBNL

Son owes SoftBank $5.2 bn on side deals post losses at Vision Fund unit

His unrealized losses widened by about $130 million from three months before, with most of the deficit linked to the Latin America fund

Sebi's Shirpur Gold Refinery order raised before NCLT, may bite Goenkas

Bourses NSE, BSE brought up the issue during Zee-Sony merger hearing

Adani shortseller saga probe to test Sebi, SC check on the rich & powerful

With PM largely silent on the controversy despite attacks from opposition, these investigations are most significant way India can signal to investors that it is willing to scrutinize its largest firm

Centre eyeing to tax OTT platform Netflix's income in India: Report

The authorities have reportedly held that the company has a permanent establishment in the country and is thus liable to pay the tax on its income here

MSCI drops Adani Transmission and Adani Total Gas from India index

Stocks to be assigned 'zero' value if they get locked in lower circuits on May 31

Pratt & Whitney opposes Go Airlines' push to enforce arbitration against it

(Reuters) -Pratt & Whitney opposed India's Go Airlines' push to enforce an arbitration ruling against the US company for the supply of spare engines, a Delaware court filing showed

Risky jurisdiction: Aircraft lessors raise alarm over Go First crisis

India is a critical market for lessors, in which sale-and-leaseback deals accounted for 75% of plane deliveries from 2018 to 2022, compared with a global average of 35%

Elon Musk asks federal appeals court to end 'Twitter Sitter' Deal

In his decision, Liman ruled that Musk willingly waived his First Amendment right to tweet without restraint, a finding Musk denied in his appeal brief

Pfizer pouring windfall profits from Covid-19 vaccine into cancer battle

The U.S. government will end the COVID Public Health Emergency on Thursday that allowed millions of Americans to receive vaccines, tests and treatments at no cost