Page 3509 - Company News

DHFL-Oaktree deal may not fructify till lenders clear resolution plan

The PE firm is unlikely to budge on the deal until the resolution plan is finalised and implemented by the lenders, says a person aware of the development

KPMG forensic audit finds fund diversion from DHFL to promoter-led entities

The forensic audit report said DHFL could not provide a robust and well-defined tracking mechanism for end-use of funds disbursed by the company

L&T's Ebitda rises 14% in Sept quarter on better operational performance

Reports strong order inflow, revenue growth amidst slowdown

Govt relaxes fuel retailing norms, private firms can set up petrol pumps

The government expects more private players, including foreign players, to invest in retail fuel marketing

Govt approves BSNL-MTNL merger, clears Rs 70,000-crore relief package

The relief package includes a sovereign bond issue worth Rs 15,000 crore

Spectrum cost, dividends drying up cash flows for SE Asian telcos: Moody's

The agency expects these trends to continue through at least 2021, and does not see telecom companies generating enough cash to pay down debt and reduce elevated leverage

Govt accords 'Maharatna' status to Hindustan Petroleum, Power Grid Corp

The grant of Maharatna status to the PSUs will impart enhanced powers to their Boards to take financial decisions.

Too little, too late? Merger unlikely to revive BSNL and MTNL, say analysts

Proposed measure might create some competition for private players and contain state-owned telcos' operational costs

Dr Reddy's Laboratories recalls anti-ulcer drug ranitidine from US market

The recall comes after USFDA's caution note alerting patients and healthcare professionals that NDMA was found in certain samples of ranitidine

Google's quantum computer does 10k-year calculation in just 200 seconds

A team of experts working on Google's Sycamore machine said their quantum system had executed a calculation in 200 seconds that would have taken a classic computer 10,000 years to complete

Dealers threaten legal action against UM Motor's JV company in India

According to Fada, automobile dealers have incurred a total estimated capital loss of around Rs 150 crore, and around 2,500 jobs have also been affected

Continuos exits, struggle to raise new funds: Urban Ladder's uphill task

While it is not unusual for co-founders of startups to hang up their boots after some years - recently, Zomato co-founder Pankaj Chaddah also moved on - for Urban Ladder this is quite a blow

The Body Shop launches its first-ever television campaign in India

The Body Shop has a compelling ethical message behind the branding of its products

M&A activity remains sluggish in Q3 due to lack of big ticket deals

The value of 97 deals recorded in the quarter ended September was around $6 bn, as compared to $13.2 bn for 134 deals during the same period last year

NCLAT hauls up Vikram Bakshi, asks him to deposit security to go abroad

Appellate tribunal asks Bakshi and his wife to deposit Rs 5 crore each as security before flying out of the country

Suzlon may escape NCLT route as lenders explore debt restructuring

The Centre's latest diktat to public sector banks (PSBs) to avoid the insolvency route would favour the company

Infosys panel may summon CEO, CFO & finance team over whistleblower charges

Former CFO and deputy CFO could be approached to assist in the probe

Malvinder, Shivinder settlement talk with RFL runs into trouble

Japanese drug major Daiichi Sankyo has been fighting a prolonged legal battle with the Singh brothers

Improving product mix aids Bajaj Auto's better-than-expected show in Q2

Volume decline was offset by price hikes and lower commodity costs

Infosys share sell-off weighs on all 5 IT funds, ICICI Pru Tech worst hit

The Infosys stock is widely held by mutual funds, with more than 400 actively- and passively-managed schemes exposed to the company