Page 3656 - Company News

Investigators may grill banks on closure of Jet Airways' forensic audit

SFIO is probing the Jet accounts for allegedly violating the Companies Act, while the ED is looking into the stake sale of the carrier's loyalty programme

Govt clears changes to insolvency law; secured lenders to get preference

Resolution gets maximum 330 days including litigation

L&T's A M Naik appointed non-executive chairman of Mindtree

After the exit of its co-founders, the share price of the IT firm lost about a quarter of its value in the last fortnight

Billionaire Azim Premji helps create India's newest tech unicorn, Icertis

Icertis, which competes with SAP SE and Oracle Corp. to help businesses manage contracts in the cloud, has raised $115 million

Japanese retailer Uniqlo set to debut with three stores in India

Uniqlo has already begun hiring staff for its first store in Delhi and is also in the process of putting its backend in place

NCLAT suggests terms for fresh bidding in Jaypee Infra case, shields buyers

Builder-buyer agreements not to suffer any changes; tribunal says will hear banks on July 22 on exclusion of 250 days from CIRP process

FMCG sector slows down due to lower consumption in rural market

Further, tough market conditions have hurt small manufacturers, who, in turn, have contributed half towards the sliding growth in the sector

Spencer's to propose ESOP in its first year of standalone ops in coming AGM

Each of the stock option, when exercised, will be converted into one share of the company

Steel stocks still under the pump, rising iron ore prices pose threat

Tata Steel, JSW Steel, SAIL, Jindal Steel and Power (JSPL) all continued their downtrend and are trading 11-19 per cent lower since the end of April

USA's Ebix to buy travel services firm Yatra Online for Rs 2,327 cr

Yatra will be a part of Ebix's travel portfolio, EbixCash

Online food aggregators could keep QSRs hungry, dent stock performance

Despite a high base of 24-26 per cent in the June 2018 quarter (Q1FY19), analysts expect Jubilant and Westlife to report 6-8 per cent same-store sales growth (SSG) in Q1FY20

Govt likely to oppose NCLAT's Essar Steel order in Supreme Court

The order, government said, is not in line with the Insolvency and Bankruptcy Code

YES Bank reports 91% decline in net profit in Q1FY20 at Rs 114 cr

In the same quarter of the last financial year (2018-19 or FY19), the bank's profit was Rs 1,260 crore

Tech startup Icertis' valuation crosses $1 bn, joins unicorn club

Icertis raised $115 million in financing round co-led by Greycroft and Premji Invest, the family investment arm of Wipro Chairman and billionaire Azim Premji and existing investors

USA's Ebix to buy travel services firm Yatra Online for Rs 2,327 cr

Once the transaction is completed, Yatra will be a part of Ebix's travel portfolio, EbixCash

Mindtree board appoints L&T boss A M Naik as non-executive chairman

The move follows the construction major acquiring over 60 per cent stake in the Bengaluru-based IT company

Innoviti sues Pine Labs, accuses it of infringing patent on UPI payments

The payment tech company said it has filed the suit for infringement against Pine Labs before the City Civil Court, Bengaluru and has been granted an ex-parte ad interim injunction against Pine Labs

Jaypee insolvency: NCLAT asks IDBI Bank to list new terms for fresh bidding

In its hearing Wednesday, the appellate tribunal has suggested some guidelines for new terms and conditions

Jindal Stainless to counter counterfeit market with co-branding initiative

Eyes additional revenue of Rs 1,100 crore over next two years, seeks to ramp up market share from 44 per cent at present to 52 per cent

Kia's mid-SUV Seltos garners 6,046 pre-bookings on the very first day

Firm says vehicle will be BS VI-compliant at the outset, available in both petrol and diesel, with both manual and automatic options in all powertrains