Page 3422 - Company News

Bhushan Power resolution may have to wait longer due to IBC amendments

Process tied in legal knots even with the latest set of amendments to IBC

Bombay HC warns Chidambaram, two bureaucrats in 63 Moons damages suit

Grants third extension for four weeks to file their written statements

Brickwork lowers outlook for Future Retail's proposed NCDs to negative

The rating agency has also reaffirmed rating for the company's proposed commercial paper at BWR A1+

ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition

After the payment to the lenders, this will be the single-biggest recovery under the IBC

Tata Steel Europe has no option, but to cut jobs to curtail costs: Analyst

Tata Steel Europe's current production capacity stands at 12.5 million tonne and it has 21,000 employees

The incredible hulk: The new Mercedes-Benz G-Class is for tough handlers

The new-generation G-Class is built on a spanking new ladder-on-frame chassis and a modern independent front suspension to keep the overall weight low

InterGlobe, Flytech get DGCA nod for English language training services

The official said it is the first time that the regulator has given approval for aviation English language training organisation and testing service providers.

Agri input players gain momentum on prospect of an improved Rabi season

Coromandel International, PI Industries may be some of the beneficiaries

Volkswagen partners ORIX for car leasing service in India

The company is offering customers car leasing from a minimum period of two years to a maximum period of four years

Samsung to invest $8 bn in Xian chip plant, to be operational by mid 2020

The plant is expected to begin operation in the first half of 2020. The company's first Xian plant has been running since 2014

PhonePe crosses 5 billion transactions, grows five times in one year

The digital payments platform has over 175 million registered users in the country

Religare Finvest scam: Shivinder Singh sent to ED custody till December 19

Additional Sessions Judge Sandeep Yadav sent Singh to ED remand after the agency sought his 14-day custodial interrogation.

Delivery Hero leaps on $4 billion food app deal to buy South Korea's Woowa

Delivery Hero's Oestberg said he would commit new resources to Woowa to enable it to hold its own and expand

Wipro, IISc build India's first metal additive manufacturing machine

The machine benchmarking is underway and likely to be completed in the near future, according to the statement.

Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth

The company said it is accepted as a payment option across 80 lakh micro, small and medium enterprises in over 215 cities in India

One97 Communications raises over $660 mn from investors including Alipay

SoftBank's SVF Panther (Cayman), among others has also invested in the company

Jaypee homebuyers' body urges lenders, flat owners to vote for NBCC bid

This is the third round of bidding process, which has been initiated on the direction of the apex court.

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.

GIC settles insider trading case with Sebi, pays Rs 1.23 cr as remittance

GIC filed a settlement application with the regulator "without admitting or denying the findings of fact and conclusions of law, proposing to settle the defaults" and remitted the settlement amount

RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr

The investment will further enable the group's initiatives in emerging technology, it added