Page 1552 - Company News

Banks, bondholders to recover less from insolvencies under new proposal

Secured creditors, typically banks and bondholders, would continue to have first claim on proceeds of an insolvency resolution plan, but only up to the liquidation value of the corporate debtor

Tata Motors in talks to raise $1 bn via stake sale in EV business: Report

Indian carmaker, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division

Hindenburg fallout: Adani Group decreasing exposure to Indian banks

Of all the debt the Adani Group has, over half is foreign debt in the form of overseas bonds and loans taken from foreign banks, and a fourth is from domestic banks

Fresh blow to Adani after Wikipedia claims entries on group manipulated

In its report, The Signpost alleged that over 40 sock puppets or undeclared paid editors created or revised 9 articles on the Adani family and their businesses

Adani's older brother plays opaque, powerful role at embattled dynasty

Vinod Adani, through several close associates, manages a vast labyrinth of offshore shell entities," the report said identifying entities in Mauritius, Cyprus, the United Arab Emirates

Sri Lanka investment board approves $442-mn Adani Green wind power plants

Sri Lankans have been struggling with rolling powers cuts for over a year as the country struggled to generate sufficient amounts of thermal and coal power

Costly home loans pinch realtors, worry about financial closure of projects

According to experts, returns from residential projects have come down from 20-30 per cent before the pandemic to 8-10 per cent in today's market

Retail space demand to rise further, rents to surge 15% in 6 mnths: Experts

Retailers Association of India says retail market size is expected to touch $2 trn by 2032; also, retail sales surpassed pre-pandemic and grew by 19% in 2022

Zomato unveils new 'Everyday' offering for affordable home-cooked meals

The new offering will provide meals starting at Rs 89 and is currently available in select areas of Gurugram only

Alliance, Dunzo tie up to offer insurance to 20,000 delivery partners

Accident cover of Rs 5 lakh also includes OPD treatment in cases where hospitalisation is not required

No increments for Flipkart's 4,500 senior personnel this cycle

However, 70 per cent, or 10,500 employees, below the level of a manager, will receive an increment this cycle

Why seek hearing of 2019 case against Adani now: High Court to SFIO

A petition was filed by Adani Enterprises in 2019 seeking to quash a sessions court order of the same year refusing to discharge the company

Amazon closes $3.9 billion acquisition of health company One Medical

Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical

Orient Cement terminates MoU with Adani Power to set up unit in Maharashtra

Orient Cement entered into a MoU on September 24, 2021 with Adani Power Maharashtra Ltd (APML)

NCLT admits IndusInd Bank's insolvency petition against Zee Entertainment

The company is currently undergoing a merger with the Sony India which is pending with the regulatory authorities and the court

Bill Gates buys minority stake in Heineken Holding NV for $902 million

Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world's second-largest brewer, for about $902 million

Investors should remain upbeat on cement sector; price hike is a positive

Consider companies that can grow their market share and lower cost per tonne

Delhi court sends notice to Dunzo for sexual harassment by delivery agent

Delhi's Consumer Disputes Redressal Commission issued notice to delivery company Dunzo for alleged sexual harassment by its delivery partner, who showed up drunk at a woman's address

Some relief for Khaitans as McLeod Russel gets interim stay in CIRP

Meanwhile, even as the appeal process is being pursued in NCLAT, the Khaitans are understood to be engaging with IL&FS for a settlement

IBS Software acquires Accenture Freight & Logistics team for unknown sum

Deal will boost IBS leadership as a tech provider to airfreight industry, is a strategic step towards helping establish the acquirer as an end-to-end player in global freight supply chain