Page 2237 - Company News

SIAC terminates Jan 5-8 arbitration proceedings in Amazon-Future dispute

The tribunal is adjudicating Amazon's objections to Future Retail's Rs 24,500-crore deal with Reliance

Delhi HC stays SIAC arbitration proceedings in Amazon-Future case

Court stays Tuesday's single-judge order dismissing Future Group's petition

Colgate India meets distributors' body to sort out issue of price parity

Colgate India's meeting with distributors comes after the traditional channel stopped supplying its Colgate MaxFresh range of products in Maharashtra

NCLAT sets aside NCLT approval of Twin Star's resolution plan for Videocon

Remits matter back to Videocon's CoC for fresh bids; resolution plan approved was for only 4.15% of total outstanding claim amount and total hair cut to all creditors was 95.85%

83% jump in hirings: FY22 could be IT's best ever, shows data

Big 5 will collectively induct at least 160,000 employees

Adani wins NTPC's coal supply tender as govt acts to avoid energy crisis

Damodar Valley Corp is examining a proposal from the private firm for supplying 1 million tons to its power plants.

Toyota, VW are plotting to beat Tesla, pour billions into electric cars

The masters of mass production laid out plans to splurge $170 billion over the coming years to preserve their claim on an industry they've dominated

Atul Jalan-led AI co Algonomy seeks to buy Lankan tech firm Linear Squared

Deal value not disclosed; Linear Squared is a cloud-based tech company specialised in building demand planning and forecasting products for CPG, grocery retail industry and other industries

Jindal Aluminium acquires Indo Alusys' extrusion plant for Rs 100 crore

Once fully operational, Jindal Aluminium's extrusion capacity will rise from 125,000 tonnes to 139,000 tonnes. The deal will help revive the local economy, benefit community and other stakeholders

Ahead of planned 2022 takeoff, Jet Airways sees spate of senior-level exits

Replacement for accountable manager Sudhir Gaur finalised; no immediate confirmation of replacements for finance and MIS heads

Chinese mobile phone maker Xiaomi evaded Rs 653 crore in customs duty: DRI

Three show-cause notices have been issued to the mobile maker for demand and recovery of duty for April 2017-June 2020

Spandana Sphoorty posts loss of Rs 58.8 crore for September quarter

It had posted a net profit of Rs 62.95 crore in Q2FY21

CIL's capex for April-December rises 37% YoY to Rs 10,717 crore

CIL's capex spend during the referred period marks 86.3 per cent of the progressive target achievement

Irdai seeks to revise formula for fixing insurers' obligation for Motor TP

The regulator has asked for comments from stakeholders, which they have to submit by January 25

What makes ONGC's first woman CMD more the exception than the norm

Rising share of listed public sector companies don't have a single woman director

New-age companies make it to Amfi's large-cap list, shows data

This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price

Udaan raises $250 mn via convertible note and debt, plans IPO in 18 months

Udaan achieved a valuation of $3.1 bn during its last round of funding of $280 mn in January 2021 from existing and new investors

Stocks of a dozen firms may come under pressure as anchor lock-ins end

Heightened selling pressure in stocks where anchor contribution is high. Five of the 12 firms had allocated more than 10% of outstanding shares to anchor investors

Hughes, Airtel form JV to provide satellite broadband services in India

Combined India VSAT operations of both companies to offer wide range of satellite and hybrid network solutions to business and government customers

Housing finance majors likely to outperform in December quarter

Among others, vehicle financiers are expected to post sequential growth