Page 1984 - Company News

Future Retail case: NCLT to continue hearing Amazon's plea on June 14

A plea seeking initiation of insolvency resolution proceedings against Future Retail Ltd (FRL) was filed by Bank of India (BoI), the lead banker in the consortium of lenders of the company

Bank stocks lag on concerns over treasury loss and slower growth

Higher interest rate, though, should help improve short-term margins and spread

IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

Affle Global buys additional stake in Indus OS to become largest investor

Affle and its affiliates now have approximately 60 per cent of investor voting rights tied to the issued preference shares in Indus OS

Two entities pay Rs 2.43 cr to settle insider trading case with Sebi

Quick Trading and Investment Advisors LLP and Vipul D Modi have settled with market regulator Sebi in case pertaining to insider trading after paying settlement amount totalling Rs 2.43 crore.

Alembic Pharma gets USFDA nod for cancer treatment drug in US market

Alembic Pharmaceuticals on Friday said it has received approval from the US health regulator to market Dasatinib tablets, used to treat certain types of cancers, in the American market

Exprto raises Rs 5 crore in seed funding from GSF, Angel List US, others

Funds raised by the education technology startup will be used to improve overall product service, accelerate growth and build new technologies, the company informed.

Can India have a four-day a week working model like the UK?

Following a pilot scheme, British citizens will work for just four days a week without a pay cut for the next six months. Wondering if we in India too can follow the Britons? Let's find the answer

Coal India to source 6 MT more imported coal; floats medium-term tender

Two days ago, the company for the first time ever issued a tender for purchasing imported coal for gencos.

Consumer Affairs Ministry to hold meeting with edtech firms amid complaints

Consumer Affairs Secretary Rohit Kumar Singh said: "We are aware of this. I have called a meeting of edutech companies next week or so".

InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer

New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.

Unicorns to take on lease 8.1 mn sq ft office space in 2022-24: Report

Startups with a valuation of $1 billion or more, also called unicorns, are likely to take on lease 8.1 million square feet of office space during 2022-24 period across six major cities, a report said

Repo rate hike impact: HDFC raises home loan rate by 50 bps effective today

Effectively, now home loan rates of the lender would start from 7.55 per cent

Indian oil firms to compensate ethanol makers for higher energy costs

Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production

IPL broadcasting rights: Amazon plans to pull out of Rs 60,000 cr race

Amazon's surprise pullout leaves the field open to Ambani's Reliance, Disney and Sony Group Corp

At Rs 79.8 crore, Wipro CEO Delaporte highest paid in Indian IT sector

The Wipro CEO's package in FY22 was Rs 79.8 crore while the Infosys CEO, Salil Parekh drew Rs 71 crore, and the TCS CEO & MD, Rajesh Gopinathan drew 25.8 crore

IndiGo to restore allowances for crew from July 31 as flight ops recover

The airline, which had made a partial reinstatement of salary for pilots, is yet to restore pre-covid salaries.

G7 deal on minimum global corporate tax: Reason, likely impact explained

Agreement paves way for levies on multinationals in countries where they operate, instead of just where they are headquartered.

Pandemic, climate change, fossil fuel ban: Winds of change for renewables

Business Standard talked with Rahul Munjal, Chairman & managing director, Hero Future Energies to understand the impact of Covid, recent G7 decisions and way forward for the sector. Tune in for more

Why is Ludhiana's apparel industry staring at losses?

Ludhiana's apparel industry, which churns out most of the country's readymade garments, is losing revenue. Two months of lockdown in China's Shanghai has brought the industry on its knees.