Page 2305 - Company News

Govt accepts Cairn's offer on retro tax; company to withdraw cases: Report

The government has now issued Cairn a so-called Form-II, committing to refund the tax collected to enforce the retrospective tax demand, two sources with direct knowledge of the development said

GMR wins bid to develop, operate Indonesia's Kualanamu Int'l Airport

The group will tie up with the state-owned enterprise, Angkasa Pura 2 (AP2) on a 49:51 basis

Tata Sons to buy residual stake in AirAsia India for $19 million

Transaction to be completed by early next year; plans merger with Air India Express once deal is done

US-based e-commerce fulfillment network XPDEL launches India operations

India's e-commerce sector is expected to reach $111.40 billion by 2025 from $46.20 billion in 2020, signifying an annualised growth of 19.24%

TVS Supply chain acquires majority stake in logistics firm FIT 3PL

Picks up 69% for undisclosed sum; deal will strengthen existing pan-India presence of TVS SCS with addition of over 1.5 mn sq ft of warehouse space

Piramal OTC aims to double turnover to Rs 1,000 cr in three years

PEL's Pharma and financial services arms demerger is expected to be completed over next 3 quarters

Go Air IPO to open on December 8; proceeds to help reduce debt

The company steps up cost control as loss widens to Rs 923 cr in H1FY22

Go Fashion IPO subscribed 6.87 times on second day of subscription

The Rs 1,013.6-crore IPO received bids for 5,55,12,051 shares against 80,79,491 shares on offer

Market unimpressed with Vedanta's value unlocking plan as group debt weighs

Investors may be waiting for details and how SC allowing govt to fully divest stake in Hind Zinc plays out

Street positive on Escorts as Kubota moves into the driver's seat

Expansion of product portfolio, sourcing base and export opportunity to drive growth

Personal guarantors may be part of cross-border insolvency framework

The cross-border insolvency framework is yet to be notified under the Insolvency and Bankruptcy Code

Govt can sell HZL stake in open market as per court order, says Vedanta

Vedanta on Thursday said the Supreme Court has permitted the government to go ahead with the proposal to divest its complete stake in Hindustan Zinc Ltd in the open market.

Union Bank of India to allot Basel III bonds of Rs 2,000 cr next week

The bonds are eligible for inclusion in additional tier I capital

Start-ups ready for scrutiny, tiger-ride should go public: Industry experts

Companies wanting to go public to raise money from the market should weigh the pros and cons, said Nazara Technologies CEO Manish Agarwal

Testing feature to add music to feed posts in India, Brazil: Instagram

If a user clicks on the song, they will be taken to an audio page that showcases all Feed posts that have used that song

Reliance Industries to bet big on 5-year bonds before RBI decision: Report

The purchases by Reliance blazed through trading rooms in Mumbai, helping the five-year sovereign bond outperform as banks and brokerages sought to fulfill the orders, say sources

CCI releases key findings on market study of India's pharma sector

Necessary regulations needed to safeguard patient privacy, protect sensitive personal medical data, says CCI report

ONGC, Saudi Aramco sign feedstock and marketing MoU

Public sector oil and gas explorer Oil and Natural Gas Corporation Limited has inked a Memorandum of Understanding with world's largest oil company Saudi Aramco

Adobe taps startup Bolt to add one-click checkouts to commerce sites

Adobe has branched out into digital marketing and e-commerce tools for retailers

Bangalore-based EV technology provider Altigreen partners with SpareIt

SpareIt has a network of over 6,000 connected garages across cities