Page 1820 - Company News

Boeing to pay $200 million to settle SEC probe over 737 Max jetliner

The settlement, announced by the SEC on Thursday, concludes a probe into whether Boeing withheld key information from shareholders about a flawed software system linked to the 2018 and 2019 crashes

Gautam Adani and his fortune drivers deserve keener spotlight, scrutiny

The silent soldiers behind the world's second-biggest personal fortune are overdue their recognition. They also deserve some scrutiny

What brought down the Ranbaxy-Fortis promoters?

Ranbaxy promoters Malvinder and Shivinder Singh have been in the news for wrong reasons. The latest development is one more chapter in the story of their downfall. Here's a peek into their journey

SpiceJet says will hike salaries of senior pilots by 20% from October

The carrier earlier this week sent 80 pilots on leave without pay for three months to save costs

CSR exemption for firms making losses; eligibility to be checked every year

CSR rules are applicable to companies with a net profit of over Rs 5 crore or networth of over Rs 500 crore or turnover of Rs 1,000 crore

Zetwerk Manufacturing records six-fold growth in GMV to Rs 5,718 crore

The company secured orders worth Rs 11,200 crore at the group level during the year ended March 31, 2022, an increase of 200 per cent over the previous year

Nasscom on Moonlighting: We need to reimagine employee engagement models

Moonlight the concept of having two jobs has come under fire as companies pointed out that this is unethical and short of cheating

Crop protection firms may face headwinds due to extreme weather conditions

Despite the price hikes, margins continued to be under pressure in the quarter

Fashion will see the biggest growth this festive season: Redseer report

Despite concerns around inflation and discretionary spending, 83% of the respondents surveyed indicated a willingness to buy this festive season.

SoftBank cuts valuation of IPO-bound Oyo by 20% to $2.7 bn: Report

'We are confident that the speculations about valuation markdown are patently incorrect,' an OYO spokesperson said in a statement

'Can't outsource recovery agents': RBI cracks the whip on M&M Financial

This is probably the first time the regulator has cracked down on lenders on recovery by coercive methods, which is typically a hallmark of outsourced recovery agents

WhatsApp Pay India head Manesh Mahatme quits, likely to return to Amazon

Mahatme played a role in helping WhatsApp to win regulatory approval to more than double the number of users of its payments service in India to 100 million

Hero MotoCorp hikes 2-wheeler prices by up to Rs 1k to offset rising costs

Hero MotoCorp on Thursday said it has increased prices of its two-wheelers by up to Rs 1,000 to partially offset the impact of cost inflation

Two firms can face IBC proceedings if both are corporate debtors: SC

The Supreme Court on Thursday said if two corporate bodies fall within the ambit of corporate debtors, there is no reason why insolvency proceedings cannot be initiated against both under the IBC

ED freezes Rs 2,747 cr worth of assets of ABG Shipyard in bank fraud case

The ED case has been filed under various Sections of the Prevention of Money Laundering Act (PMLA) after the investigators studied the CBI complaint and the forensic audit report

IndiGo starts direct flights between Mumbai and Ras Al-Khaimah in UAE

IndiGo, India's leading carrier, has started new daily direct flights between Mumbai and Ras Al-Khaimah (United Arab Emirates) from Thursday

Torrent group to make Rs 2,900-cr bid for Reliance Nippon Life Insurance

Reliance Capital is undergoing a bankruptcy process and the administrator had sought offers for the entire company and for its various business clusters

TCS asks employees to work in office for at least three days a week

We are moving in a phased manner to get our associates back to office. This is in line with our vision to transition to 25*25 model: TCS spokesperson

India Inc braces for impact of rupee fall, rushes to take forward cover

In the short and medium term, chief financial officers are advising companies to take the right kind of derivatives products depending on their exposure

Singtel arm sells 1.59% stake in Bharti Airtel for Rs 7,261 crore

Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction