Page 3073 - Company News

Tata Sons a 2-group firm, quasi-partnership between 2 groups: Mistry family

In its petition to the Supreme Court, Tata Sons has claimed there is no formal or informal agreement like quasi-partnership exists between the two groups, and Tata Sons is not a two-group company.

Fiat recalls more than 900,000 US vehicles due to faulty air bag covers

The recall is limited to 2007-2011 Dodge Nitro SUVs, 2008-2010 Chrysler Town & Country and Dodge Grand Caravan minivans

Tata Consultancy Services lifts curb on lateral hiring amid Covid-19 crisis

The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.

With a fortune of $68 bn, Mukesh Ambani now richer than Warren Buffet

Shares of Ambani's conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook and Silver Lake

Hotels in discussion with banks on loan recast after moratorium ends

For one, hotels with standard loans are in discussion with banks on increasing their terms by another 12 months.

With SoftBank rally, founder Masayoshi Son adds $12 bn to fortune

With SoftBank Group's shares surging to their highest price in two decades on Thursday, Son's net worth hit $20 billion

Amazon makes employees delete TikTok, cites security concerns: Report

"Due to security risk, the TikTok app is no longer permitted on mobile devices that access Amazon email," the company said

Two senior Ola executives Arun Srinivas and Sanjiv Saddy step down

These exits follow that of Nitin Gupta, CEO of Ola Financial Services, who resigned in May.

Shoppers Stop MD Rajiv Suri puts in papers amid Covid-19 challenges

Company to be managed by CXO committee in interim period

Zomato's FY20 revenue grows 105% to $394 mn, loss rises 6% to $293 mn

The Gurugram-based firm had cut 13 per cent jobs in May due to the impact from Covid-19

Default risk for Indian companies drops at fastest pace in decade

The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

Green shoots seen in June pharma sales as domestic market grows 2.4%

The turn around follows deep decline in sales in the preceding months; July sales likely to be flat

Parle, Amul, Clinic Plus shampoo top 3 FMCG brands in India: Report

Compiled annually, the ranking has been derived on the basis of consumer reach points, a metric that measures how many households are buying a brand and how often.

Sobha: Leverage, cash flows in coming quarters to be key triggers for stock

Debt reduction over past two quarters is also positive

After dismal June quarter numbers, TCS gives high hopes to investors

Growth, margin recovery expected by 4th quarter but valuations high

Kubota Corp gets CCI nod for acquisition of 9% stake in Escorts

Under the deal, Escorts will allot about 1.23 crore equity shares through a preferential issue to Kubota Corp at Rs 850 per share

Not a two-group company, no links with Cyrus Investments: Tata Sons to SC

The apex court had on January 10 granted relief to Tata group by staying the NCLAT order of December 18 last year, by which Cyrus Mistry was restored as the executive chairman

Adani Power appoints Anil Sardana as MD, Shailesh Sawa as CFO

Incumbent MD Rajesh Adani will become a non-executive director on the board of the company

Vodafone Idea repays Rs 2,850 crore to NCD holders on maturity

The payout was made to mutual fund schemes of Franklin Templeton, UTI and Nippon, which had exposure to debt paper of the troubled telecom company