Page 2784 - Company News

Indian-origin clothes manufacturer banned in UK for unpaid tax bill

An Indian-origin ladies clothing manufacturer has been banned from acting as a company director for 98,000 pound unpaid tax bill.

Colgate extends naturals portfolio, launches Vedshakti Oil pulling

Leading oral care products maker Colgate-Palmolive (India) on Wednesday announced the launch of ayurveda-based oil pulling, extending its portfolio in the naturals segment.

Adani Green commissions 100-Mw solar project ahead of schedule

The project has a power purchase agreement with Gujarat Urja Vikas Nigam Ltd (GUVNL) at Rs 2.44/kWh (unit) for 25 years

RCom group owes about Rs 26,000 cr to Indian banks, financial institutions

Debt-ridden telecom firm Reliance Communications said the group owes around Rs 26,000 crore to Indian banks and financial institutions

Office leasing in top 6 cities plunges to 27.4 mn sq ft in 2020: Report

Office space absorption across six major cities in India fell over 50 per cent in 2020, according to a Savills India report

Agrochemicals firm UPL completes pre-payment of $410 million senior notes

Agrochemicals manufacturer UPL has completed the pre-payment of $410 million of 3.25 per cent senior notes due in October 2021

Icra upgrades financial ratings of Tata Consumer Products to 'AAA'

ICRA has upgraded the rating for long-term financial instruments of Tata Consumer Products worth Rs 350 crore to AAA with a stable outlook from AA-plus

Zydus Cadila receives drug regulator's nod for NAFLD medicine in India

ZydusCadila said it has received approval from the Drug Controller General of India (DCGI) for Saroglitazar Mg, used for the treatment of non-alcoholic fatty liver disease (NAFLD), in the country

JMC Projects bags building orders worth Rs 698 crore in south India

Engineering firm JMC Projects on Wednesday said it has bagged orders worth Rs 698 crore in the domestic market

Kalpataru Power Transmission secures new orders worth Rs 900 crore

Kalpataru Power Transmission Ltd (KPTL) on Wednesday said it has secured new orders worth Rs 900 crore in the domestic and overseas markets

Dilip Chhabria's car design firm suspected to have cheated many finance cos

Car designer Dilip Chhabria's firm is suspected to have cheated several finance companies by obtaining loans fraudulently, Mumbai police said on Tuesday

RIL completes acquisition of IMG Worldwide's stake in sports management JV

Reliance Industries Ltd has completed acquisition of IMG Worldwide LLC's stake in their sports management joint venture IMG Reliance Ltd (IMG-R)

Investment banking from home thrived in Covid, but some fear losing edge

Some investment bankers fear losing their competitive edge as they pitch digitally for business, amid concerns that younger bankers are falling behind

Coal mining opens doors to pvt players; power distribution fails to reform

The Centre amended the Coal Mines (Special Provisions) Act, 2015, in May to open up auction for non-mining firms; micro, small, and medium enterprises; and foreign companies

AMP Capital forms $1 bn power transmission platform with Sterlite

To fund 4 transmission projects of Sterlite connecting renewable projects

Mukesh Ambani sold dreams to tech giants for $27 bn. Now he has to deliver

Investors are watching Ambani's every move as he overhauls his empire -- with a market value of $179 billion -- in the middle of a pandemic

PE/VC investments into India from China, Hong Kong fall 72% in CY20

Rules mandating government nod for FDI from neighbours weighed on flows

Phaneesh Murthy joins BPM firm Sutherland as CEO of its IT services biz

US-headquartered Sutherland has been trying to build a strong IT services practice for some time, with limited success.

RBI may red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds

Bank could be asked to hold it at discounted value in HTM

Promoters of Vedanta raises $1.4 billion to retire debt, says report

The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta Ltd.