Page 2989 - Company News

Future Enterprises board meet on group firms' merger postponed by a week

The plan to merge the three Future group companies - Future Lifestyle, Future Supply Chain and Future Retail - is being worked out among banks, RIL and Future group, say sources

Bharti AXA, ICICI Lombard ink definitive pact to merge non-life businesses

The combined entity, with an expected market share of 8.7 per cent in the non-life business, would be the third-largest non-life insurer in the general insurance business

Explained: How brands are reaching out to shoppers in times of Covid-19

Go the extra mile by making calls, setting up mini stores; trend is here to stay, say experts

MSME promoters likely to stay in charge during resolution process

However, all key decisions will have to be finalised by CoC; govt is also considering amending IBC to bring in the pre-packed scheme for all stressed companies

Online higher education sector to be worth $5 billion by FY25: Report

This will be a ten-fold growth from an industry size of $500 million in FY20

Megha Engg and Infra emerges lowest bidder for J&K region's Zojila project

The Zojila project will be constructed in two sections totaling 33 km. The first will be 18.5 km long, the second will be constructed in the shape of a horseshoe of 14.15 km

Trai mulls show cause notice against Vodafone Idea on priority plan issue

Airtel - which has stopped onboarding new customers on its platinum offering after an earlier Trai directive - may not be served a show-cause notice

Honda to boost bike biz with mass market and mid-size motorcycles: MD-CEO

Says Indian arm aims to become the No.1 export resource among Honda's plants worldwide

US court halves fine on TCS in Epic Systems lawsuit to $140 million

Directs Trial Court to reassess; TCS to exploring legal options as it believes there is no evidence of misuse of Epic information

Anil Ambani to move NCLAT against appointment of RP in SBI matter

Tribunal rejects submissions by Ambani counsel, says it has no option but to nominate RP within seven days of creditor filing an application

Baring PE Asia preparing for India's largest leveraged buyout loan: Report

The loan will be used for the delisting of Hexaware and for repaying bonds for Baring's shareholding vehicle, HT Global IT Solutions Holdings

Future group bankers may take 40% haircut even after key biz sale to RIL

As per a plan negotiated between Kishore Biyani, Indian lenders and RIL, banks will have to wait till RIL invests in Future Enterprises after three other group firms are merged into it

Blackstone, Brookfield plan investment trusts in India, strengthen assets

Global rivals go for joint ventures, plan to list investments by next year.

Border adjustment tax on imports, infra status for steel on the cards

Policy shift part of govt's atmanirbhar push

Lenders jittery over Mumbai International Airport's falling financials

After CRISIL downgrades company debt, bankers ask GVK group to come out with repayment plan

IPL 2020: Dream11 in talks with several PE, VC firms to raise $50 million

Upcoming funding round may dilute Tencent's stake

Zomato raises Rs 184 cr from existing investor; eyes funds from Temasek

The infusion is expected to help Zomato compete with Tencent-backed Swiggy and e-commerce giant Amazon, which recently forayed into food delivery

Videocon Industries: Between a long-drawn IBC process and a hard place

The former giant of the Indian corporate world is caught on the shoals of a long-drawn insolvency process even as lenders face the prospect of losing most of their money

Divi's, SBI Life to see combined inflows of Rs 1,400 cr on Nifty inclusion

Over Rs 650-cr selling in Zee, Infratel

Railways cancels tender for 44 Vande Bharat trains after Chinese JV bids

The JV was formed between the China-based CRRC Yongji Electric Company Limited and the Gurugram-based Pioneer Fil-med Private Limited in 2015