Page 2794 - Company News

Bombay HC asks Essar to deposit security payable to AM/NS with court

Essar spokesman refuses to comment saying matter is subjudice, adding that group is exploring all options including appealing to a higher court

CMS Info Systems plans to invest upto Rs 1,300 crore on ATM ramp-up

Rajiv Kaul, vice-chairman and wholetime director, CMS Info System, said that starting with a capital expenditure of Rs 180-200 crore, the company expects to create 2,000 jobs

Market value of 8 of 10 most valued firms zooms Rs 1.25 trillion

HDFC, TCS, and Bajaj Finance emerged as the biggest gainers

Amazon enables digitisation of over 1 million small businesses in India

This includes sellers, delivery and logistics partners, neighbourhood stores, enterprises, developers, content creators and authors working with Amazon in India

Lenders extend Reliance Home Finance bid deadline to January-end

Move follows request by suitors; only two of six contenders submitted binding bids, the other four came with riders

ONGC begins production in Bengal basin, making it India's eighth functional

There are 26 sedimentary basins in India covering 3.4 mn sq k,. Of these, 16 are on land basins, seven part on land and part offshore, and three completely offshore

Being part of Amazon is Prime Video's biggest strength, and challenge

From convincing filmmakers to do shows for online, to having a slate with some of the best films and shows, Amazon Prime Video has come a long way since it came to India four years ago

Reliance Jio to go for next generation network architecture for 5G

The current interim architecture, known as non-standalone 5G, enables operators to leverage their existing investments in their 4G LTE networks and reduce capital costs

Compliance with new rules for audit reports deferred to next financial year

Move comes as relief to companies, which will be able to use the additional time to prioritise allocation of resources and better prepare for enhanced requirements

Centrum-BharatPe, Liberty group in race for beleaguered PMC Bank

Deal could mark the entry of corporates into UCBs

With an experiential museum at Powai, Larsen & Toubro eyes the future

"Museum" is one way to describe the 11,500-sq-ft expanse. In effect, it is an "experience centre" that showcases the 81-year-old firm's current and future projects in addition to historical happenings

Insurers are going digital, but their systems are far from robust

Many companies are using the building blocks in which they have invested to expand their digital offerings instead of taking the bold gambit of installing a new operating system

Govt may invite expressions of interest for Shipping Corporation this week

The government is planning to sell its entire 63.75 per cent stake in Shipping Corporation, along with transfer of management control

Numaligarh Refinery signs MoU with OIL India to augment pumping capacity

This will help OIL to increase product evacuation from 1.72 million metric tonnes per annum (mmtpa) to 5.50 mmtpa through Numaligarh-Siliguri pipeline

Corporate affairs ministry defers implementation of CARO order

This comes amid the disruptions caused by the coronavirus pandemic

Star Health aims premium collection of Rs 10,000 cr in current fiscal

The company has close to 15 per cent of market share in the overall health insurance segment, including all general insurance players

Only two of six bids for Reliance Home Finance are compliant and binding

The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non-compliant bidders

Reliance, BP to get govt capped price of $4.06 for new gas from KG-D6

Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price

In push to digital payments, WhatsApp Pay now live ln India for 20 mn users

The feature has been launched with support from banking partners State Bank of India, HDFC, ICICI, and Axis Bank

Offshore Patrol Vessels: L&T builds faster, cheaper than Goa Shipyard

Since PM Narendra Modi inaugurated GSL's indigenous shipbuilding project in November 2016, the shipyard has handed over two OPVs to the ICG and launched the other three