Page 3600 - Company News

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL has become the poster-boy of the NBFC crisis that afflicted the financial sector after the infra-lender IL&FS went belly up last September

Food-tech start-up HungerBox raises Rs 16-crore funding from Paytm parent

The firm is raising Rs 57.99 crore for a series C funding round, of which Rs 15.99 crore in funds have come from One97

CG Power stock crashes 20% after probe reveals fraudulent transactions

Such deals were executed by senior personnel: Audit report

Infosys can revise FY20 revenue guidance upwards: ICICI Securities

According to the report, apart from sound revenue conversion, overall deal pipeline improved on aggregate basis and pricing environment for legacy services also remained stable

Bharti Airtel may not buy 5G spectrum and 'expensive' 700 MHz airwaves

The deal was made official in July this year when Bharti Airtel and Bharti Hexacom announced the merger of the consumer mobile businesses of TTSL and TTML with the two Bharti group firms

Debt recovery tribunal sells 3.3 mn shares of United Spirits for Rs 196 cr

Relay BV is a promoter entity of United Spirits

Karnataka govt cancels NMDC lease for Donimalai mine, opts for auction

The move also creates uncertainty for future mining renewal in Chhattisgarh, where most of the mines are due for renewal in March 2020

YES Bank stocks remain under pressure as CG power fraud stumps investors

In the last two trading sessions, the stock has shed over 10 per cent with the latest worry stemming from CG Power, a listed company in which YES Bank holds 12.8 per cent stake

With stake sale overhang behind, Mahanagar Gas could see more gains

Analysts remain positive on the company's earnings driven by soft natural gas prices, volume and geographical expansion

Crisis-hit Jaiprakash Associates to appeal against CCI penalty order

The company is in the process of filing an appeal against the order

NCLAT declines interim relief to Deloitte, BSR Associates in IL&FS case

The NCLT Mumbai will continue its scheduled hearing in the case of their alleged role in the IL&FS fraud matter, a three-member bench headed by Chairperson Justice S J Mukhopadhaya said

IL&FS board seeks NCLT nod to sell wind assets to Orix Corp for Rs 4,800 cr

NCLT directed the IL&FS counsel to file a written submission on Wednesday

Oriental Bank links loan to repo rate; SBI announces festive offers

For customers applying for a car loan online through the bank's digital platform like YONO or website, a 25-basis point concession on interest rate can be availed

Eateries may quit Zomato, Swiggy over steep ad costs, deep discounts

Owners say the cost of deep discounting by Zomato, Swiggy falls on them

Facebook users to see, control personal data taken from other websites

The social media site said if a user clears their off-Facebook activity, Facebook would remove the user's identifying information from the data that apps and websites choose to send

Future is over the top: FY19 digital market growth beats every vertical

Factors driving growth of OTTs include a growing digital subscriber base, a spurt in demand for digital content, and digital advertising

Fortis CEO plans to cut spending by 20% to nurse hospital back to health

Even with its bold new plans, Fortis has not yet left its checkered past completely behind

NCLT admits application for initiating insolvency proceedings against HDIL

Insolvency proceedings have been initiated against many real estate developers, including Jaypee Infratech, mainly because of default in loan repayment to banks and delivery of flats to home buyers

Shell exits city gas business in India, sells MGL stake in open market

When MGL was listed in July 2016, Shell and GAIL held 32.5 per cent stake each in the company

SpiceJet to shift its entire Mumbai ops to terminal T2 from October

In the past low-cost airlines were resisting the airport operator's demand to move to T2 citing higher slot charges and the resultant higher operational cost