Page 2238 - Company News

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

Foxconn crisis shows one of the many challenges Apple faces in India

The recent crisis at vendor Foxconn's factory highlights one of the many challenges the US major faces as it seeks an unprecedented scale-up in hiring over the next five years

BioNTech, Pfizer plan shingles shot in third joint mRNA project

The partners expect to start human trials of the new vaccine in the second half of this year, they said in a statement

Hiring to heat up in Jan-Mar quarter if no curbs imposed: Report

Corporate India's hiring intent is likely to witness a significant uptick in the January-March period, provided harsh restrictions are not imposed on the business operations, according to a report

India slaps Rs 653-cr import duty evasion notice on Xiaomi

This comes after recovery of documents during searches on its premises that indicated remittance of royalty and licence fee to US and Chinese firms under contractual obligations

LML names Partha Choudhary COO amid plans to disrupt EV market

E-mobility expert Choudhary held top positions at Hero Motors and Yamaha and has contributed significantly to LML as Sales & Marketing Head between 2006-2017

Delhi HC puts on hold arbitration proceedings between Amazon and Future

Division bench of Delhi HC stays proceedings of arbitral tribunal till next date of hearing; also stays order of the single judge of Delhi HC.

CCI to complete its investigation into Google Play Store probe in 60 days

Google had filed a writ in Karnataka HC on Dec 27 seeking time to respond to CCI queries on the use of Google's Play Store payment system for in-app purchases and paid apps

Top headlines: Delhi HC relief for Future; NCLAT setback for Twin Star

Business Standard brings you the top headlines on Wednesday

Will not insist on physical appearance in probe against Amazon: ED tells HC

The oral assurance was given by Additional Solicitor General SV Raju, appearing for the central agency