Page 3685 - Company News

Dalmia Nisus Finance to buy two PE funds with total asset of Rs 850 cr

Nisus Finance has raised Rs 430 crore for its maiden fund and has returned Rs 300 crore to its investors

Markab Capital to acquire controlling stake in Uniply Industries

Markab Capital and its wholly-owned Indian subsidiary, Markab India SPV Pvt Ltd, have acquired 20.7 per cent shareholding from the promoter Keshav Kantamneni and his group entities at Rs 82 per share

Govt approves leasing out of Lucknow, Mangaluru and Ahmedabad airports

Earlier this year, the Adani group had won the bids to operate the three airports for a period of 50 years

Lenders to crisis-hit DHFL lay down conditions for promoters

DHFL has sold as much as Rs 41,000 crore of its Rs 78,000-crore retail loan portfolio to banks and others

Facebook launches VC Brand Incubator to help SMBs grow digital presence

As part of this initiative, FB will work with VC funds to skill and mentor SMBs by sharing insights on best practices, proven solutions, insights among other key learning

Ramp-up in capacity to keep fizz intact for Varun Beverages stock

Higher margins, asset turnover should boost return on equity; Street sees 15-20 per cent upside potential

Kochhar, Videocon companies had appointed dummy directors: ED probe

In a statement to ED, many directors said they had nothing to do with the firms

Jaguar Land Rover CEO Ralf Speth's salary falls 42% in two years: Report

Compensation of Tata Motors MD & CEO Butschek rises 14% in the same period

BSNL may junk VRS plan; all future recruitments to be on contract basis

Future recruitment in the company would be on contractual basis, saving the company pension payment in the coming years

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans

Steel mills to roll over product prices in July despite hike in input costs

They are unwilling to revise prices upwards following weak demand due to sluggish infrastructure and construction activity

Conservative values helped HDFC face headwinds in FY19: Deepak Parekh

The latter half of FY19 was challenging for several sectors across the Indian economy as liquidity tightened, aversion to risk increased and consumption slowed

NCLAT reserves order on admission of contempt plea against Anil Ambani

HSBC Daisy had moved the appellate tribunal over alleged default of payment of Rs 230 crore by Reliance Infratel

Centre approaches Supreme Court against TDSAT order on Airtel-Tikona deal

The DoT had in August last year asked Airtel to pay in cash and bank guarantees the sum to issue a no-objection certificate to clear the firm's merger with Bharti Digital networks

Icra downgrades McLeod to default in fourth rating action since April

Move follows recent delays in meeting debt obligations and comes on heels of firm's annual results and auditor's concerns on its ability to continue as a going concern

Flipkart plans to tap 50,000 MSMEs for expanding in small towns

Flipkart claims to have almost 100,000 MSMEs on the platform

SC stays high court ruling, clears deck for NCLT order on Bhushan Power

Punjab and Haryana HC had asked firm's CoC and NCLT to give firms' ex-directors a hearing though principal bench of NCLT had already reserved its order on a resolution plan by JSW Steel

Larsen and Toubro receives promoter's tag in Mindtree with 60% stake

Mindtree is scheduled to hold its next annual general meeting (AGM) on July 16

Last-minute airfares rise 40% as downpour disrupts Mumbai airport

On Tuesday 55 flights were diverted, over 200 flights were cancelled because of rain, low visibility and poor braking action on secondary runway

Raheja to buy Citibank property in Mumbai's BKC for Rs 400 crore

Citibank had planned to sell the eight-storey building in 2013 but did not proceed