Page 3511 - Company News

SoftBank takes control of WeWork as part of bailout, Neumann to leave board

The deal would value WeWork's parent company at about $8 bn

L&T Finance Holdings to cut structured finance book to Rs 5,000 crore

In May, the company had announced plans to exit these areas.

Airbnb expects India to be one of its top three markets in the long term

The world's going to be coming to India and India is going to be going to the world, says Chris Lehane

Bajaj Finance to seek RBI's nod to raise ECB limit to $1.4 billion

Now, the company has sought shareholders' approval for raising the limit which they expect to get in five-seven days

US law firm readies class suit against Infosys to recover losses

On Monday, NYSE-listed Infosys had said it had received whistleblower complaints alleging "unethical practices" by its top executives to boost short-term revenue and profit

Dish TV stock falls over 12% as promoters reduce their stake in Q2

The latest shareholding pattern shows that the stake of the promoter and promoter group fell to 55.27 percent at the end of Q2, against 57.52 percent held at the end of the April-June (Q1) period

Online proficiency self-assessment test for independent directors from Dec

Recent corporate scams have turned the heat on company directors, who, the government feels, failed to detect any signs of trouble

DHFL crisis set to linger on as forensic audit points to fund diversion

The third-largest mortgage lender had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan

Sivakasi divided over joining hands with NEERI to produce green crackers

NEERI has been researching firecracker emissions after the Supreme Court last year asked the central government on the steps it was taking to reduce particulate matter emissions from firecrackers

Car ownership is a trap that can be prevented: Uber CEO Dara Khosrowshahi

He says the younger generation doesn't dream of owning a car, but instead wants the freedom of having any service on demand

Nilekani steps in as Infosys investors fume over whistleblower complaints

EY, Shardul Amarchand to conduct probe; CEO, CFO recuse themselves

Trai moots clarity in definition of 'other service providers'

"Provision of services for captive purposes, that is, Captive Contact Centres have been kept out from the scope of OSP. They would require to furnish intimation only," it said

Toyota plans to launch compact EV in India in partnership with Suzuki

The two firms are looking to introduce the BEV at an early stage, Toyota said without disclosing a time frame

As growth declines, stress increases for Bajaj Finance; stock falls over 2%

The non-banking financier has turned cautious on the lifestyle segment in Q2

L&T's tech twins show contrasting fortunes; LTTS falls 10%, LTI gains 7%

After muted performance over the last few quarters, LTI put up a better show in Q2FY20

Jubilant FoodWorks: Strong topline in Q2 renews investor sentiment

Aggressive store expansion plans indicate firm's confidence for the longer term

Vivo-Ogilvy spat: Agency-client relationships have come under scanner again

In the Vivo-Ogilvy matter, the advertiser had said in its arguments in court that there was no copyright over an idea, in this case, an "amusement park"

Shapoorji eyes tie-up with IFC, HDFC Capital Advisors for low-cost housing

Plans to build homes in the Rs 10 lakh to Rs 20 lakh category on the peripheries of large and tier II cities

Ola bets big on food biz, to launch portfolio of in-house food brands

Ola's food business will focus on becoming a food-first company with a massive kitchen infrastructure and a slew of brands

Trump Tower builder in Mumbai dumps luxury for cheap homes as India slows

Macrotech Developers will cut the share of premium housing from its portfolio to about 17 per cent from 30 per cent, said MD Abhishek Lodha