Page 3112 - Company News

Manoj Modi, the rainmaker behind Mukesh Ambani's $13-billion deal spree

Reserved and mostly invisible to the public, Modi is viewed by many insiders and others in India's business world as the right hand of billionaire Mukesh Ambani.

Chinese banks face increased litigation to recover Anil Ambani dues

SBI moves NCLT to invoke Anil Ambani's guarantee almost two years after RCom was first sent to the Tribunal for recovery of dues by Indian creditors

Mistry questions Tata's performance, says group's loss at Rs 13K-cr in 2019

According to Mistry, the loss numbers were arrived at by excluding the huge dividend that the group cash-cow TCS was paying, which was averaging at over 85 per cent annually

Despite Covid-19 induced slowdown, Infosys to do campus hirings this fiscal

The IT firm will soon initiate discussions with colleges to start the process from September

SBI knocks on NCLT's doors to recover Rs 1,200 cr from Anil Ambani

The tribunal, presided over by BSV Prakash Kumar, on Thursday gave Ambani a week to file reply to the application.

Wage payments during lockdown: No action on employers till July, rules SC

States should facilitate settlement between companies and employees over wages, says court.

Hyundai Motor to shut down Irungattukottai facility for annual maintenance

This maintenance activity will be carried out during the period June 15-19, 2020, in both the Hyundai plants for upgradation of robots as well as existing machinery

Biocon gets a shot in the arm with FDA approval for insulin glargine

The drug will be major contributor in the firm's bid to reach $1 billion revenue target by FY22, says biologics CEO Hamacher

Mahindra to give up control of struggling South Korean unit amid Covid-19

Mahindra earlier reported a consolidated net loss of Rs 19.55 billion ($258 million), compared with a net profit a year ago, as it booked a writedown on its investment

Marriott partners Zomato to expand home delivery services in 12 cities

The company's home delivery service, 'Marriott on Wheels', has also branched out into providing corporate outdoor catering services and Bento Box meals

EU antitrust watchdog set to press charges against Amazon: Report

When providing a marketplace for independent sellers, Amazon continuously collects data about the activity on its platform

American Express pledges Rs 9 cr to help those combating Covid-19 in India

The grants will help provide protective equipment to frontline healthcare workers, support the development of vaccines and research and help feed people

Maruti Suzuki launches Celerio S-CNG in India, price starts at Rs 5.36 lakh

The Celerio S-CNG variants are priced at Rs 5.36 lakh, Rs 5.61 lakh and Rs 5.68 lakh.

Netflix in talks with RIL; to source Indian content from Viacom18: Report

Under the partnership, Network18 affiliates - which include its joint venture with ViacomCBS, Viacom18 - would create shows for Netflix to help the US firm expand offerings in India

Post lockdown, UP green panel shuts 50% capacity of Kanpur tanneries

Issues monthly roster for tanneries to operate for 15 days each by rotation

HCL's Covid-19 response centre gets 250,000 queries, 60% related to food

The 'all-in-one' control room, which can be reached on toll free number 18004192211, was set up by HCL at one of its facilities in Noida

Now, you can use Vodafone-Idea cellular services on supported Apple Watches

This service is available for Vodafone Postpaid customers, including Enterprise Postpaid, in Mumbai, Delhi and Gujarat

Clix Capital eyes majority stake in cash-starved Lakshmi Vilas Bank

Talks between the private lender and digital-lending NBFC are in advanced stages; letter of intent may be furnished next week

Amazon faces escalating European Union antitrust probe into sales data

The complaint is expected to lay out investigators' evidence into Amazon's alleged misuse of merchants' data on the online sales platform

HDFC plans to raise up to Rs 4,000 cr via bonds; stock ends 1.25% lower

The issue, set to close on the same date (June 15), will offer coupon rate of 7.25 per cent per annum payable annually. The date of redemption is June 17, 2030.