Page 3452 - Company News

Rs 26 trillion of India Inc's debt rated owing to strong parentage

With recent regulations, rating agencies are giving explicit support details

Series-B round props Automation Anywhere's valuation three-fold to $6.8 bn

Salesforce Ventures leads $290 mn funding with participation from SoftBank, Goldman Sachs. Firm plans to double India headcount to 1,900 in next few years

Indian IT firms open up to cloud, seek to ramp up spending next year

Cloud spend is seen as the key growth driver in 2020 as large traditional enterprises like Pentagon give out multi-billion dollar contracts

USFDA observes major protocol lapses in Aurobindo's sterile drug unit

Regulator issues Form 483 with as many as 14 observations that could impact ongoing operations at the plant

Airtel, Voda-Idea move SC seeking review of certain directions on AGR

One of the review petitions has sought open court hearing in the matter

Moratorium on spectrum payment, tariff hike won't offset AGR impact: Fitch

The Supreme Court had on October 24 ruled that non-telecom revenues will be included while calculating statutory dues towards the government

Airtel files review petition in SC for waiver in penalty, interest of AGR

Review petitions are to be filed within a month of original decision which came on October 24

Sony plans to buy stake in Network18 Media group. What next?

Sources suggest that Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian business with Network18's entertainment channels

Kumar Mangalam Birla loses $3 bn as Voda-Idea's mounting debt takes toll

The net worth of Birla has shrunk to about $6 billion from $9.1 billion two years ago

Merger and acquisition deals drop by 45% in value terms in October

M&A activity in October 2019 witnessed a decline compared to same month last year primarily due to low activity in the domestic deal trends

Uber faces fresh legal attack for refusing to treat drivers as employees

A lawyer who's been fighting the ride-hailing giant in court for six years wants a judge to now take into account the extra costs saddled on California taxpayers by Uber's business model

Kiran Mazumdar Shaw settles 'insider trading case' with Sebi in Infy matter

Accordingly, she filed a settlement application without admitting or denying the default and remitted Rs 3,01,758 in September 2019.

Corporate India's M&A deal value slips 45% to $1.5 bn in Oct: Report

The January-October deal activity continued to witnessed weak performance in terms of both deal values and volumes compared to the year-ago period

Telcos' AGR dues to outweigh two-year breather for spectrum payment

Incumbent telcos Bharti Airtel and Vodafone Idea have said they would go for a review petition of the SC order, but they have limited time to move court

Buyers may turn their back on DHFL over KPMG audit report concerns

Bank debt-to-equity conversion will depend on forensic audit report details

PE firm KKR looks to steady ship, focus on controlling debt structures

Didn't expect promoters to 'hollow out' firms, says India head Sanjay Nayar

OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU

A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord

Sony eyes up to 30% stake in Mukesh Ambani's Network18 after Zee bid failed

Sony, said sources, is expected to evaluate its options carefully owing to regulation around foreign direct investment in media

Oracle India's FY19 revenue exceeds Rs 10,000 cr, net up 8% at Rs 540 cr

Oracle, which provides a range of technology-led services to various enterprises and government bodies, competes with the likes of IBM, Microsoft and Google in India.

CRISIL downgraded long-term bank ratings for BHEL from 'AA+' to 'AA'

The rating on the short-term bank facilities has been reaffirmed at 'CRISIL A1+'.