Page 3682 - Company News

HC judge recuses from hearing Jet founder Naresh Goyal's plea against LOC

When the matter came up for hearing before Justice Vibhu Bakhru, he said that "this matter will have to go before another bench" and directed that it be listed before another judge on July 9

India's MRPL buys first cargo of US Thunder Horse crude oil: Report

The deal comes as Indian refiners ramp up purchases of U.S. oil to compensate for the loss of Iranian oil supplies

CCI orders probe into how Maruti Suzuki and its dealers control discounts

The CCI has asked its investigations unit to complete the probe within 150 days

87-year-old cricket-loving granny to be the face of a Pepsi ad campaign

Charulata Patel was spotted blowing a vuvuzela at the stadium in Birmingham in support of the Indian team

Essar Steel: NCLAT approves ArcelorMittal's bid with modifications

CoC to have no role in distribution of amount between operational and financial creditors, rules NCLAT

Essel looks for investors to buy out MF biz as Seri deal hits roadblock

The deal could still go through if Essel and Srei are able to come to a consensus, said the people

Srei to merge all its lending biz in a bid to become a universal bank

Srei Infra Finance will remain holding company for lending entity Srei Equipment Finance, which will now only offer fee-based services

Antitrust body CCI orders probe of Maruti Suzuki's discounting practices

Practice setting limits on discounts offered by car dealers is illegal, says Indian law.

Ola expands global footprint, gets London licence to take on Uber

SoftBank-backed Ola has been steadily expanding its presence across the UK since it's entry into the region in August 2018 and is now present in 7 cities in the UK

DHFL seeks Rs 1,500 cr fresh loans a month to service Rs 80,000 cr debt

Under the proposal, Dewan Housing will offer banks new loan pools as security for the funds, That in turn will help lenders meet their mandatory targets to lend to farmers and small businesses

Govt orders probe into grounded Jet Airways, SFIO summons Naresh Goyal

Jet, with more than Rs 8,000 crore of debt, flew for the last time on April 17 after it ran out of cash

Naresh Goyal moves court seeking lifting of travel ban; govt to oppose plea

Officials said the ministry would vehemently oppose Goyal's plea seeking permission to travel abroad, especially considering the public interest involved

HDFC moves NCLT to keep Jet's office out of insolvency proceedings

The tribunal had declared a moratorium on recovery of dues from Jet when the insolvency petition against Jet was admitted

Amazon plans to shut down 2-hour delivery app 'Prime Now' in India

Amazon has leaned heavily on groceries to drive Prime Now in the US

Working on EV projects; need realistic roadmap, says Hero MotoCorp

Pawan Munjal said in the company's Annual Report for 2018-19 that the company is fully geared up for the EV challenge

YES Bank acquires 9.47% stake in Eveready by invoking pledged shares

YES Bank acquires 68,80,149 shares having a nominal value of Rs 5 per share constituting.

IndiaMART InterMESH ends debut session with 34% gain over issue price

The company enables the discovery of products and suppliers across 50 industries

Essel group's plan to acquire 62% stake in LKP Finance dealt a blow

Essel has made payment for the 24 per cent it acquired during the open offer, but has not been able to pick up the promoters' stake in LKP Finance

Lower debt levels to strengthen outlook for Kalpataru Power Transmission

The company announced plans to sell stakes in its Alipurduar Satpura and Kohima projects

Bank of Baroda begins post-merger innings on a strong wicket; stock rises

While the merger with Dena Bank and Vijaya Bank was concluded mostly in line with the management's guidance, it does throw up fresh challenges for the bank