Page 3349 - Company News

Whistleblower case: Don't take anything at face value, says Nandan Nilekani

We followed the highest standard of corporate governance and disclosures, says Nilekani

Jaguar Land Rover reports global sales dip of 5.9% in 2019 at 557,706 units

The sales of Jaguar brand were at 1,61,601 units during the month, down 10.6 per cent, while Land Rover sales witnessed a dip of 3.8 per cent during the year as compared with 2018

A record Rs 5.9 trillion bond bill is looming over Indian companies

While there are tentative signs of recovery in certain areas of the shadow bank sector, a funding squeeze has kept borrowing costs high

Whistleblower case: Infosys audit panel found no 'financial impropriety'

The company said the audit committee found that the 'allegations are substantially without merit'

YES Bank audit committee chief quits, says Gill misled on capital raising

The CEO initially did not want to disclose to the board the name of the investor who had given binding offers, Uttam Prakash Agarwal's letter alleged

Passenger vehicle sales dip 1.2% in December; three-wheeler sales up 22%

The industry said a change in the subdued consumer sentiment leading to an improvement in sales would happen only when overall economic mood improves

Sachin Bansal's Chaitanya India applies for universal banking licence

If given a license, Chaitanya will be the second microlender after the West Bengal-focused Bandhan to be granted a universal banking license

Broadcasters plan to move court against TRAI's new cap on channel pricing

Broadcasters may not come out with channel pricing next week

PayU buys PaySense for $185 mn in India's largest fintech acquisition deal

As part of the deal, PaySense founder Prashanth Ranganathan will lead PayU's credit business in India as the CEO of the new entity

Tata Steel's Dutch subsidiary raises euro 1.75 bn to refinance debt

Tata Steel Netherlands Holdings B V (TSNHBV), a 100 per cent subsidiary of Tata Steel Ltd, has raised the long-term fund

Walmart's PhonePe dives deeper into Indian financial services market

The start-up says Liquid Fund will allow its users to earn higher returns on savings with the ability to withdraw their money instantly 24x7

Sachin Bansal eyes bigger role in global financial services market

In September, Bansal had invested around $104 million to acquire over 90 per cent ownership of Chaitanya

Oyo continues to trim workforce, plans to let go 1,200 in India in 4 months

It has let go of 5 per cent of its 12,000 employees in China partly due to non-performance

ED attaches Chanda Kochhar's South Mumbai apartment, assets

The total book value of these assets attached is to the tune of Rs 78 crore

Audit panel found no evidence of financial impropriety, says Infosys

The Bengaluru-based company, after its Oct quarter results, had informed stock exchanges of anonymous whistleblower complaints that had alleged certain unethical practices by the top management

ED summons Edelweiss' Rashesh Shah; firm denies links with Capstone Forex

Rashesh Shah has been asked to appear on Monday; ED probing forex violations

Mercedes maintains pole position for 5th straight year; sells 13,786 units

Mercedes will also be the first luxury car maker to completely transition into BS-VI portfolio with petrol and diesel models shortly

The revamped Jaguar XE poses a convincing challenge to German dominance

On the road, the XE is well planted and nimble, and at least on city streets driving never feels unwieldy, over- or under-powered, which is a delicate but necessary balance to achieve

Forex scam: ED summons Edelweiss CEO; company denies any link to Capstone

The case pertains to violation of foreign exchange norms in transactions involving Mumbai-based Capstone Forex Private Limited

ED interrogates Rose Valley owner Gautam Kundu's wife in ponzi scam case

Shubhra Kundu, who had evaded ED summons for the last three consecutive times, appeared before the investigation agency officials and was quizzed for more than three hours