Page 2779 - Company News

Tata Sons overtakes govt as largest promoter of listed companies

Tata Sons stake in the group's listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis

DHFL case: 63 Moons moves NCLT seeking to protect bondholders

63 Moons Technologies, formerly Financial Technologies, on Thursday said it has moved the National Company Law Tribunal (NCLT) seeking to ensure that recovery from DHFL benefit all creditors

From 5G, Covid-19 vaccine to Tesla, the 10 things that will set 2021 apart

The year 2021 may turn out to be more of the same as 2020 in many ways, but there are at least 10 things that India is expecting to make the year look new

Govt won't disclose names of Air India bidders after DIPAM's rule change

Under earlier protocol, had to inform qualified bidders by Jan 5; alteration came into effect after Transaction Adviser EY said it did not want any deadline

PhonePe reports 7% decline in net losses for FY20, revenue rises 74%

PhonePe is currently valued at $5.5 billion from existing Flipkart investors led by Walmart with the e-commerce player holding majority shares in the company

Residential property registration jumps 2-fold in Dec in Mumbai: Report

The registration of residential properties in Mumbai jumped over two-folds this month at 18,854 units compared with November on account of reduction in stamp duty, according to Knight Frank India.

Revival path: Credit quality of key sectors unscathed, outlook on the mend

In the first part of the series, we are looking at the core investment-linked sectors.

IT hiring to grow 10-12% in 2021 as global purse strings loosen: TeamLease

Growth to be led by demand for contractual staff, advanced technology skills

ITAT omits inadvertent observations made against Cyrus Mistry in its order

The tribunal's corrigendum comes after it made strong remarks against Mistry while restoring the tax exemption of the three major Tata Trusts

2021 will be one of the most product intense years: Mercedes-Benz India

The luxury car maker says its third quarter sales are back at pre-Covid levels

Reliance Jio says all voice calls free from Jan 1 as ICU charges go

Company also announces new data plans offering 1-2 GB data at lower prices than competition

PFC plans to raise Rs 1.18 trillion, eyes domestic retail bond market

Fund will help the firm make up for the loss in borrowing during lockdown

UPL makes the right moves with mega debt retirement plan

Healthy fundamentals and expectation of a strong second half of 2020-21 cheer investors

Govt appoints Milliman Advisors to find out LIC value ahead of IPO

The work on determining the embedded value of India's largest insurer would start soon, Dipam Secretary Tuhin Kanta Pandey tweeted

IndiGo says its servers were hacked earlier this month, probe underway

We realise the seriousness of the issue, and are continuing to engage with all relevant experts, the airline said

Vistara to continue with pay cut till March; to hike allowance for pilots

Full-service carrier Vistara will continue with pay cuts of its staff till March but will do away with the three-day leave without pay for pilots effective from January 1.

GoAir announces expansion of services to United Arab Emirates

Budget carrier GoAir on Thursday announced expansion of its services to the UAE with launch of new flights to Sharjah from Mumbai, Delhi, Kochi and Kannur

IDBI Bank sells 23% stake in its life insurance arm to Ageas for Rs 507 cr

With this, Ageas will hold 49% in the insurance venture, which is being rebranded as Ageas Federal Life Insurance Company

Tata Trusts must introspect on more scrutiny by govt bodies: Cyrus Mistry

SP Group chief Cyrus Mistry said the trustees of the Tata Trusts must introspect why they have deviated

HCL Tech's Covid-hit 100-acre Lucknow project gets six months' extension

Phase-1 completed on time; phase-II had to be halted for nearly two months, and the pace of work remained sub-optimal during subsequent lockdown periods as well