Page 2750 - Company News

Banks to get 33% of dues spread over five years from DHFL resolution

The banks will be taking a huge haircut as compared to an average 45 per cent recovery in insolvency and bankruptcy cases

Legal hurdles await DHFL resolution process; lenders meeting today

Lenders meeting today to press for better share in recoveries from frauds

WhatsApp defers privacy terms for three months but Signal still on top

According to Sensor Tower's data, BiP ousted WhatsApp from the number three spot amongst communication app downloads on January 15

Six of top 10 most-valued firms add Rs 1.13 trn in m-cap; TCS, Airtel lead

Bharti Airtel''s market capitalisation (m-cap) climbed by Rs 33,960.84 crore to Rs 3,28,697.33 crore

Smart toilets to rockets: Startups pitch innovations to PM Modi at Prarambh

Apps that improve lives of the visually impaired, mobile brick making machines, jackfruit flour that helps control diabetes and biodegradable PPE kits were other innovations on display

ONGC, OIL not expecting year-end windfall with recovery in crude oil prices

Price movement nudges governments to scale back tax hikes

Food chains, multiplexes plan expansion as consumer confidence picks up

Organised players have been the biggest beneficiaries after the lockdowns were lifted

Firms rush for vaccine liability cover as India kicks off vaccination drive

Insurers, too, have sought support for such coverage from India's largest reinsurer GIC Re. ICICI Lombard & New India Assurance have got support of $5 mn against risks

Exports of Covid-19 vaccines may start in 2 weeks: SII CEO Adar Poonawalla

The vaccine manufacturer is making preparations and working on necessary regulatory protocols

Metropolis Healthcare to buy Hitech Diagnostic Centre in a cash, stock deal

Diagnostic chain Metropolis Healthcare said it will acquire Dr Ganesan's Hitech Diagnostic Centre Pvt Ltd in a cash and stock combination deal, to strengthen its leadership position in southern India

JNPT SEZ plans to attract Rs 4,000 cr investment, generate 72,600 jobs

The Jawaharlal Nehru Port Trust (JNPT), one of the 12 major ports in the country, plans to attract Rs 4,000 crore investments from public and private players for its special economic zone (SEZ)

BharatPe raises Rs 139 crore in debt from Alteria Capital, ICICI Bank

BharatPe said it has raised Rs 139 crore in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants

DHFL creditors vote in favour of Piramal's $5 billion bid: Report

Creditors of India's Dewan Housing Finance Corp have voted in favour of a $5.09 billion takeover bid submitted by the Piramal Group for the troubled "shadow" lender, a source said

ITC retains its holding in East India Hotels, subscribes to rights issue

An ITC spokesperson says EIH issue was attractively priced, and that ITC holding in EIH was part of its treasury investment portfolio

Plea in Delhi High Court against Lakshmi Vilas Bank and DBS merger

A plea in the Delhi High Court has challenged the scheme of amalgamation of Lakshmi Vilas Bank with Development Bank of Singapore (DBS), contending that its shareholders have been "left in the lurch"

Franklin Templeton MF's 6 shut schemes generate Rs 13,789 cr since closure

Franklin Templeton Mutual Fund on Sunday said its six shut schemes have received Rs 13,789 crore from maturities, pre-payments and coupon payments since closing down in April

Most Indian IT firms to post high single-digit growth in 2021: Balakrishnan

The year 2021 will be good for India's information technology sector and most of the companies in the space are expected to clock high single digit growth, said industry veteran V Balakrishnan

CEO who calls himself 'performance psychopath' takes over new auto empire

Carlos Tavares will lead Stellantis NV, the merged behemoth of Fiat Chrysler Automobiles NV and PSA Group. He doesn't tolerate meetings starting late or dragging on.

21% startups and MSMEs benefited from govt Schemes in 2020: Survey

For many years now, startups and MSMEs have been reeling under the complex burden of India's difficult taxation policies

WhatsApp delays new privacy policy by three months amid severe criticism

The company released a separate blog post Friday trying to clear up the confusion, and it included a chart that specifies what information is protected when someone uses WhatsApp