Page 3704 - Company News

Apollo Tyres makes a song and dance over Sachin Tendulkar to take on rivals

From celebrity endorsers to brand anthem by A R Rahman and big marketing spends, the tyre company is pulling out all stops to narrow its gap with MRF and Ceat in two-wheeler tyre segment

Aurobindo Pharma gets USFDA warning letter for Andhra unit, shares drop 6%

The drug firm, however, did not provide any details of the contents of the warning letter received from the regulator

Indiabulls Housing Finance-Lakshmi Vilas Bank merger gets CCI nod

The combined entity, with employee strength of 14,302, will have a loan book size of Rs 1.23 trillion for the first nine-month period

Walmart to pay $282 mn for violating anti-corruption rules in 4 countries

According to the US Security and Exchange Commission (SEC), these violations were conducted by Walmart's third-party intermediaries who made payments to foreign government officials

Wait for firm volume uptick before taking exposure to Page Industries stock

The stock currently trades 42x its 2020-21 estimated earnings, which is a 12 per cent discount to its average one-year forward valuation in the last five years

RInfra executes Rs 10,000-cr Mumbai projects under auditors' oversight

As of March 2019, Reliance Infrastructure's total order book was at Rs 28,000 crore, all of which are state or central government orders

EPFO halts investment in private sector bonds due to NBFC crisis

At present, the EPFO is mandated to invest 20-45 % of its incremental funds in debt-related instruments

Cairn Oil shortlists Lloyd's Register for developing OALP-1 blocks

Cairn is driving towards exploration in the new blocks and the short listing for integrated project management is a significant step in this direction

Tax foreign tech giants operating in India, say RSS ideologues, Gandhian

The letter said tech giants such as Google, WhatsApp, YouTube, Facebook, TikTok, and Amazon generated more than Rs 30 trillion from their Indian operations

Big Four runs for cover: IL&FS effect may dim the halo around the auditors

The stringent pushback by regulators and probe agencies against audit firms, following the crisis in the IL&FS group, has thrown the auditor fraternity in the Big Four audit networks into a tizzy

Suzlon Energy jumps as bankers meet today to resolve $1.4 billion debt

Approval for the proposal is critical for Suzlon as ratings on its long-term bank facilities were downgraded at Care Ratings to D from BB in April

NCLT sets 90-day deadline for Jet Airways bankruptcy resolution

Jet stopped operations on April 17 leaving over 14,000 employees in the lurch

Mindtree approves appointment of 3 L&T nominees as board directors

In an exchange filing, the IT firm said its board had approved induction of five new directors into the company's board

BSR & Associates resigns as auditor of IL&FS Financial Services

'We received a notice on May 13 seeking an explanation on our removal as auditors'

IL&FS Fin Services laundered Rs 5,000 cr of shareholder funds: ED to court

The ED claimed the group was being run as a "personal fiefdom" by directors, who indulged in enhancing turnover for ensuring better credit rating for group cos and also bonus-like incentives

IndusInd Bank faced with crisis of confidence over asset quality

While management has stuck to its earlier guidance, some analysts believe the stressed assets number to be higher

Renault-Nissan team up with Waymo for driverless mobility services

Together with their third alliance partner Mitsubishi, Renault and Nissan make up the world's top-selling automobile group

BSR quits as auditor of IFIN, says will continue to defend itself in NCLT

A large number of individuals and entities, including independent directors, rating agencies and auditors formerly associated with crisis-hit IL&FS may soon face action by Sebi

IL&FS gets go-ahead to re-start work on Birpur-Bihpur road project

Work on the road project is expected to start within 15 days from the receipt of the Ministry's consent

HUL or P&G India: Who will win the race at Cannes remains a question

A tale of two advertisers at Cannes