Page 2066 - Company News

RCL may share RFRP with bidder by Wed; all cash bids to get highest score

RCL had offered two options to all the bidders

Spectrum prices may spike in key circles due to high cap per operator

Telcos concede that there will be competition in some key circles such as Delhi, Mumbai, Karnataka, and Andhra Pradesh to name only a few

Future Group, Amazon set for long court battle as Reliance deal off

Future Retail and Future Enterprises have huge debts and lenders have initiated bankruptcy proceedings against Future Retail

Future group shareholders stare at possible wipeout of investments

Secured lenders get top priority in any potential recovery; Biyani stake fell across group companies as lenders seized pledged shares

Privatised Air India loses priority in international traffic rights

DGCA drops clause that gave the airline an edge over other private ones in the amended rules issued on April 19

Credit Suisse likely to shake up its senior management team: Report

The bank said last week it expected to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from the fallout of Russia's invasion

Ola to recall 1,441 units of S1 after getting govt's rap on knuckles

Another EV battery blast in Boom e-bike claims life in Vijayawada

Mumbai-based start-up plans to set up fuel stations in outer space

Orbit Fab, a US-based company, has also unveiled plans to launch re-fuelling services for satellites and aims to set up fuel depots in low earth and geostationary orbits

WhiteOak Capital Asset Management plans to open 100 branches in 12-18 mnths

WhiteOak Capital Asset Management, a new entrant to the mutual fund space, is looking to open nearly 100 branches across the country in the next 12-18 months.

Mcap of 8 of top-10 most valued companies tumble Rs 2.21 trillion

Eight of the top-10 most valued firms together lost Rs 2,21,555.61 crore from their market valuation last week, with Infosys and HDFC Bank suffering the biggest hit.

Future group on brink of collapse, lenders begin work to take firms to NCLT

Banks have already made provisions for loans give to entities like Future Retail and Future Enterprises

Future Enterprises defaults on Rs 2,911.51 cr loan repayments

Future Enterprise Ltd (FEL) has defaulted on repayment of Rs 2,911.51 crore of loans to its lenders, missing 30 days of review period.

A Trapezoid? Conference tables change shape in hybrid-work era

As employees embrace hybrid work, companies need to reevaluate meeting spaces when some attendees are in the office and others dial in

Career banker Vishakha Mulye to be new CEO of Aditya Birla Capital

Incumbent Ajay Srivinasan shall take up another role within the Aditya Birla Group.

LIC board approves IPO issue size to be cut to 3.5% from 5%

The government will sell 3.5% equity for Rs 21,000 crore valuing India's largest insurer at Rs 6 trillion.

NALCO faces coal scarcity as daily supplies diverted, few trains to spare

India has diverted coal supplies from the non-power sector, and put on hold plans for some fuel auctions, in a bid to ensure coal availability for utilities and tackle widespread power outages

Torrent Power to acquire 50 MW solar plant from SkyPower Group

Torrent Power has inked a share purchase pact to acquire 100 per cent equity in a 50 MW solar plant of SkyPower Group at an enterprise value of Rs 417 crore.

Reliance Retail drops Future Group deal after secured lenders reject it

Kishore Biyani's retail chain was to sell 19 companies for Rs 24,713 crore as part of an agreement announcement in August 2020.

Future Lifestyle Fashions chairperson Shailesh Haribhakti resigns

The chairperson of Future Lifestyle Fashions Ltd, Shailesh Haribhakti, has resigned observing that 'board's recommendation to find solutions have not been met with implementation impetus'

Reliance calls off deal with Future after secured creditors reject it

A majority of the secured creditors voted against the resolution.