Page 3226 - Company News

Jet Airways RP files plea seeking 90 days extension for bids from NCLT

The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with those from the public sector having significant exposure

Edtech firms offer free access to their courses amid Coronavirus crisis

Online learning giant Coursera said it was going to provide every impacted university in the world free access to its course catalogue through 'Coursera for Campus' beginning Thursday until July 31

LIC to buy 1.35 billion shares of YES Bank at Rs 10 apiece: TV reports

State Bank of India (SBI) had on Thursday said it would infuse Rs 7,250 crore into ailing YES Bank to pick up to 49 per cent equity

Covid-19 scare: Airline shares tumble up to 14%; IndiGo hits 52-week low

InterGlobe Aviation, the parent of the country's largest airline IndiGo, saw its shares slump 14.08 per cent to hit 52-week low of Rs 875

Tata Steel gets committee of directors' nod to raise Rs 670 cr via NCDs

The NCDs are proposed to be listed on the wholesale debt market segment of the BSE

Par panel asks Hind Copper to take measures for execution of projects

t has been stated that though expansion projects in revised estimate (RE) stage, the target has been retained at Rs 402 crore

Govt extends deadline to submit bids for Air India sale till April 30

In January, the government restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline

Domestic passenger vehicle sales decline by 7.61% in February: SIAM

Motorcycle sales last month declined by 22.02 per cent at 8,16,679 units as against 10,47,356 units in the year-ago period, it added

Flipkart and Amazon play against Coronavirus, test work from home

While Amazon India has begun a dry-run for work from home, Flipkart has told its 10,000 odd staff at its Bellandur campus in Bengaluru to work offsite for three days as a part of a pilot project

COVID-19: Google Bengaluru employee infected; staff told to work from home

After Dell India and Mindtree, this is the third case where an employee of a tech giant has been diagnosed with coronavirus in the country

Amazon asks staff to work from home if possible as COVID-19 spreads

The move helps enable greater social distancing and lessen the impact of virus on public transportation

Jet Airways CoC to seek 2-month extension from NCLT for submission of bids

The CoC may seek an extension in the deadline in the face of no potential bidder coming forward and also due to the ongoing coronavirus concerns

Vedanta to ramp up production in Odisha's Lanjigarh alumina refinery

Total alumina production in FY20 seen at 1.8 million tonne from 1.5 million tonne in the previous fiscal

AGR dues: DoT to reassess documents of Airtel, Voda Idea, Tata Teleservices

The telecom service providers have been directed to make payments on the basis of self-assessment and submit requisite documents for compliance, MoS for communication said in RS

Tata Sons buys group firms' shares worth Rs 531 crore amid market sell-off

The largest investment was made in Tata Steel, with Tata Sons buying shares worth Rs 222 crore at an average price of Rs 287 per share

Sun Pharma board to consider buyback of shares next week

Analyst say more promoters likely to seek ways to cushion share price

IL&FS case: Appellate tribunal accepts revised distribution framework

NCLAT has directed the company to place the matter thereafter before the tribunal for its approval

Parliament passes amendments to Insolvency and Bankruptcy Code Bill

The Insolvency and Bankruptcy Code (Amendment) Bill, 2020 was passed by voice vote in Rajya Sabha. It was approved by Lok Sabha on March 6

Coronavirus impact: Seeking safe harbour under 'force majeure' may not help

Legal experts said that unlike many civil law jurisdictions, in India, force majeure is a contractual right, and not a right codified under the law

Coronavirus may halt tourism, aviation; Visa suspension to cost Rs 85 bn

Assocham Tourism and Hospitality Council Chairman Subhash Goyal said since the outbreak of coronavirus, the aviation and tourism industries in India have been adversely affected.