Page 2277 - Company News

Reliance Commercial Fin resolution: HC allows bondholders to vote on Dec 8

Court asks all parties to file written submissions by December 12 and will hear the matter on December 16

NCLT allows RBI's plea for bankruptcy proceedings against Reliance Capital

The bankruptcy tribunal has also confirmed the appointment of Y Nageswar Rao as the administrator of the company

upGrad to acquire higher education firm Talentedge for Rs 400-500 cr

This would be one of the largest consolidations in the Indian Higher education space, in which the No. 1 player in the space is acquiring the No. 4 player

AI-powered talent firm Sense raises $50 mn from SoftBank Vision Fund 2

With this new round, firm will continue to ramp up its go-to-market strategy and raise awareness with firms that hire at scale across industries such as healthcare, manufacturing, logistics and retail

Don't take coercive action under new IT Rules: Madras HC tells Centre

The Madras High Court on Monday restrained the Central government from taking any coercive action against digital media firms under the new cal codes made to the parent Information Technology Act.

Amid pandemic uncertainty, hospitality sector pins hopes on Indian weddings

Leisure is the asset owner of Jim Corbett Taj Hotel and Club Mahindra properties in Uttarakhand

Manyavar brand owner Vedant Fashions plans to double retail floor space

The company aims to add over 100 stores next year alone; overall goal is to have 2 mn sq feet over next few years, form 1.1 mn sq ft currently

At $4.5 billion, investment in SaaS companies grows 170% in 2021

India now has 13 SaaS unicorns and between 7 and 9 companies with $100 mn+ annual recurring revenue (ARR)

Cement companies expect demand to pick up from Dec as rains recede

Heavy rains in Tamil Nadu, Kerala, Andhra Pradesh and parts of Maharashtra dragged volumes across sectors during festivals.

FMCG not safe-haven bets for investors, analysts see more underperformance

The FMCG index had outperformed the broader market in previous corrections like in 2011, 2015, and 2018

German firm to set up Rs 1,500-cr manufacturing facility in Telangana

The facility would manufacture magnesium products for cars, commercial vehicles, two-wheelers in both ICE (internal combustion engine) and EV (electric vehicle) segments

Indo Count buys GHCL's home textiles business, IP, inventory for Rs 576 cr

The deal does not include GHCL's spinning unit in Tamil Nadu's Madurai

HCL Tech says to hire 12,000, including 2,000 freshers, in US over 5 years

Hiring will be done across roles including in IT consulting, cloud, data analytics and digital engineering

Watch: Better.com CEO lays off 900 employees in US, India via Zoom call

'This isn't the news that you're going to want to hear but ultimately it is my decision and I wanted you to hear it from me,' Vishal Garg is heard saying

Govt departments, autonomous bodies owe over Rs 244 cr to Air India

Government departments and autonomous bodies have dues of more than Rs 244 crore to Air India, of which a little over Rs 30 crore has been recovered, the government said in Parliament on Monday.

Top headlines: TaMo to hike CV prices; Centre regrets Nagaland killings

Business Standard brings you the top stories on Monday

Tata Motors to hike prices of commercial vehicles from Jan 1

Due to increase in the prices of commodities an increase in price by 2.5% will be implemented from January 1, 2022 , says the company

Ananth Narayanan-led Mensa Brands acquires home decor label Folkulture

Deal value undisclosed; Folkulture retails largely on Amazon in North America and UK; is recognised for unique and elegant crafts, designed to embellish modern homes with a hint of bohemian culture

Air India owes Rs 2,350 crore to AAI, SpiceJet Rs 185 crore

The AAI owns 125-odd airports across the country. Airlines have to regularly pay various charges such as landing charges and parking charges to the AAI to operate aircraft from its airports

High input cost, weak steel prices to hit steel industry earnings: Icra

Spot coking coal prices hurting firms' earnings, but industry's absolute profitability metrics will remain at healthy levels in next 12 months; ratings agency maintains 'Positive' outlook for sector