Page 2390 - Company News

LIC to file draft IPO papers with Sebi by November, says FinMin official

Once the draft red herring prospectus (DRHP) is filed, merchant bankers will hold global and domestic road shows for investors by January, the official said

Drug makers Glenmark, Aurobindo Pharma recall products in US market

Glenmark and Aurobindo Pharma are recalling multiple products in the US market due to various reasons like deviation from standard manufacturing protocols and presence of foreign substance

Lamborghini looks at doubling sales number in next 4 years in India

Lamborghini, which crossed cumulative sales milestone of 300 units in India last month, is looking to double the number in the next four years on the back of robust demand a company official said

Proactively moderated 38,456 content pieces in Aug: Koo compliance report

Koo has proactively moderated 38,456 content pieces, while 4,493 posts were reported by its users during the month of August, the homegrown company has said in its monthly compliance report

Google removes 93,550 content pieces in August in India: Compliance report

Google received 35,191 complaints from users and removed 93,550 pieces of content based on those complaints in the month of August, the tech giant said in its monthly transparency report

Coal giant NTPC said to plan IPOs of three units, could raise $2 billion

The company is also looking to sell its stake in NTPC-SAIL Power Co, a joint venture with Steel Authority of India Ltd. for supplying electricity to the steelmaker's mills and townships

Govt hasn't taken any decision on owner of Air India as yet: Piyush Goyal

The union minister was replying to a question about media reports stating Tatas have emerged as the top bidder for the takeover of debt-laden Air India

Honda Motorcycle sales decline by 8% in September

Honda Motorcycle and Scooter India Pvt Ltd (HMSI) on Saturday reported an 8 per cent decline in total sales at 4,82,756 units in September.

Reliance floats subsidiary in United Arab Emirates for trading in oil

The plans follow an announcement in June that the Indian conglomerate will invest in projects of Abu Dhabi National Oil Co

R K Singh asks THDCIL, NEEPCO to bid for solar, wind projects

Power Minister R K Singh has asked Tehri Hydro Development Corporation Ltd (THDCIL) and North Eastern Electric Power Corporation Ltd (NEEPCO) to bid for solar and wind projects.

DoT amends telecom licence norms to relax penal provisions

The move is expected to ease financial burden on the telecom sector and promote ease of doing business.

Zee moves Bombay HC against Invesco's requisition for EGM

Zee is requesting HC to declare that the shareholders' meeting requisition notice sent by Invesco is 'illegal and invalid'

Zee moves Bombay High Court against Invesco's demand for EGM

Zee requested HC to declare the requisition notice sent by Invesco as 'illegal and invalid'

Retro tax framework: Companies to indemnify govt against any future claims

Indemnity bond to be furnished by the firm and other interested party

Pfizer to sell Upjohn business to Mylan Pharma for Rs 180.48 crore

The transaction in India will be closed upon receipt of regulatory approvals, Pfizer Ltd said

Domestic, global telecom gear makers spar over new 'value addition' norms

Angry protests by domestic companies force telecom dept to put its formula, welcomed by foreign companies, on hold

Oyo files DRHP for $1.2 bn IPO; founder, key investors not diluting stake

In the DRHP, the firm says its app has been downloaded 100 million times and its major focus geographies are India, Malaysia, Indonesia and Europe

Reliance Industries extends deadline to complete Future group deal

The deal has been contested by Amazon, an investor in Future Coupons, which in turn is a shareholder in Future Retail

Grasim Industries slapped with Rs 8,334-crore income tax demand

The Aditya Birla Group company said it would take "appropriate action" against the order

Maruti Suzuki sales slide 46% in September due to chip shortage

For Maruti, sales of mini cars, comprising Alto and S-Presso, fell 45.18 per cent to 14,936 units against 27,246 units in the same month last year