Page 2237 - Company News
Toshiba no 2 shareholder urges EGM vote on break-up plan as investors carp
The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan
 "Toshiba no 2 shareholder urges EGM vote on break-up plan as investors carp")
GAIL, IPICOL sign MoU for developing clean energy projects in Odisha
IPICOL and GAIL (India) Limited on Wednesday signed a MoU for cooperation in the areas of green hydrogen, green ammonia and renewable energy for the production of eco-friendly fuels in Odisha
 "GAIL, IPICOL sign MoU for developing clean energy projects in Odisha")
Jet Airways says its VP-operations Sudhir Gaur has quit the company
Jet Airways on Wednesday said its VP-operations, Sudhir Gaur, who was designated as the airline's 'accountable manager', has quit the company.
 "Jet Airways says its VP-operations Sudhir Gaur has quit the company")
Paytm users can now tap phone on PoS devices to make offline payments
This will be possible even if phone is locked or there is no mobile data or internet connection. Service available on both Android and iOS
 "Paytm users can now tap phone on PoS devices to make offline payments")
Amazon Seller Services' losses narrow to Rs 4,748.1 crore in 2020-21
Amazon Seller Services had recorded a net loss of Rs 5,849.2 crore, while its revenue from operations stood at Rs 10,847.6 crore in FY20
 "Amazon Seller Services' losses narrow to Rs 4,748.1 crore in 2020-21")
RBL Bank's gross advances rise 5% to Rs 59,941 crore by Dec-end
The private sector lender had gross advances amounting to Rs 57,092 crore by the corresponding period a year ago
 "RBL Bank's gross advances rise 5% to Rs 59,941 crore by Dec-end")
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
 "SIAC terminates Jan 5-8 arbitration proceedings in Amazon-Future dispute")
Delhi HC stays SIAC arbitration proceedings in Amazon-Future case
Court stays Tuesday's single-judge order dismissing Future Group's petition
 "Delhi HC stays SIAC arbitration proceedings in Amazon-Future case")
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
 "Colgate India meets distributors' body to sort out issue of price parity")
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%
 "NCLAT sets aside NCLT approval of Twin Star's resolution plan for Videocon")
83% jump in hirings: FY22 could be IT's best ever, shows data
Big 5 will collectively induct at least 160,000 employees
 "83% jump in hirings: FY22 could be IT's best ever, shows data")
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.
 "Adani wins NTPC's coal supply tender as govt acts to avoid energy crisis")
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
 "Toyota, VW are plotting to beat Tesla, pour billions into electric cars")
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
 "Atul Jalan-led AI co Algonomy seeks to buy Lankan tech firm Linear Squared")
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
 "Jindal Aluminium acquires Indo Alusys' extrusion plant for Rs 100 crore")
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
 "Ahead of planned 2022 takeoff, Jet Airways sees spate of senior-level exits")
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
 "Chinese mobile phone maker Xiaomi evaded Rs 653 crore in customs duty: DRI")
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
 "Spandana Sphoorty posts loss of Rs 58.8 crore for September quarter")
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
 "CIL's capex for April-December rises 37% YoY to Rs 10,717 crore")
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
 "Irdai seeks to revise formula for fixing insurers' obligation for Motor TP")