Page 3728 - Company News
Indiabulls approaches SC, seeks early hearing in petition against it
Top court says matter to be listed only in July; Indiabulls claims petition was filed only to blackmail the company
 "Indiabulls approaches SC, seeks early hearing in petition against it")
Adani Green Energy first to issue $500 mn Green Bonds on India INX
Firm raised the funds at a coupon of 6.25 per cent in an overseas debt sale which was oversubscribed three times
 "Adani Green Energy first to issue $500 mn Green Bonds on India INX")
Boeing 737 Max to start flying again by December, says US official
Knowing when the aircraft may return to service would help airlines contend with the disruption caused by the grounding of the narrow-body Max, Boeing's most popular model
 "Boeing 737 Max to start flying again by December, says US official")
Macron snubs Renault CEO's request for meeting over 'govt interference'
The snub by the French President raises questions over the future of Renault chairman Jean-Dominique Senard whose appointment in January was endorsed by shareholders on Wednesday
 "Macron snubs Renault CEO's request for meeting over 'govt interference'")
Mercedes-Benz appoints Santosh Iyer as head, sales and marketing for India
Iyer succeeds Michael Jopp, who assumes the new responsibility of heading the sales & marketing function of Mercedes-Benz in Malaysia
 "Mercedes-Benz appoints Santosh Iyer as head, sales and marketing for India")
Mercedes-Benz appoints Santosh Iyer as India head of sales and marketing
Currently heading Customer Service & Corporate Affairs, he will replace Michael Jopp who moves to Malaysia to head sales and marketing there
PWC resigns as statutory auditor of Reliance Capital, Reliance Home Finance
While the board of directors of Reliance Capital has accepted the resignation, Reliance Home Finance said its audit committee and board would meet on Thursday and decide upon a new statutory auditor
 "PWC resigns as statutory auditor of Reliance Capital, Reliance Home Finance")
Dhanuka Lab bid for Orchid Pharma hits new wall as one lender changes vote
Punjab National Bank (International) Limited dissents minutes before e-voting closes, taking the assents to below the 66% threshold
 "Dhanuka Lab bid for Orchid Pharma hits new wall as one lender changes vote")
Dhanuka Lab bid for Orchid Pharma hits new wall as one lender changes vote
Punjab National Bank (International) Limited dissents minutes before e-voting closes, taking the assents to below the 66% threshold
 "Dhanuka Lab bid for Orchid Pharma hits new wall as one lender changes vote")
IndiGo enters China, to start flights on Delhi-Chengdu route from Sept 15
While the low-cost carrier is operating on five other international routes in Asia, the new flight from September 15 will make Chengdu the airline's 19th international destination
 "IndiGo enters China, to start flights on Delhi-Chengdu route from Sept 15")
Paytm mulls investing Rs 250 cr to expand Paytm QR in tier IV and V towns
The company is focussing on getting more than 60 per cent of merchants on-boarded from these tier IV and V towns
 "Paytm mulls investing Rs 250 cr to expand Paytm QR in tier IV and V towns")
Patanjali trips in trying to grow too fast too soon; sales plunge 10%
Patanjali also suffered, like many others, from Modi's 2016 ban on high-denomination banknotes and 2017 introduction of a new goods and services tax.
 "Patanjali trips in trying to grow too fast too soon; sales plunge 10%")
Indiabulls Housing moves SC, seeks listing of 'fund misappropriation' plea
Senior advocate A M Singhvi, appearing for the company, mentioned the matter for urgent listing before a vacation bench comprising justices Indira Banerjee and Ajay Rastogi
 "Indiabulls Housing moves SC, seeks listing of 'fund misappropriation' plea")
Exams for company directors: Modi govt finds a way to stop corporate frauds
The exam will be an online assessment covering the basics of Indian company law, ethics, and capital market norms among other areas
 "Exams for company directors: Modi govt finds a way to stop corporate frauds")
Medanta's northern presence compliments Manipal's southern footprint
Together, Manipal and Medanta would have a bed count of around 7000-8000 beds once the ongoing expansion projects are completed
 "Medanta's northern presence compliments Manipal's southern footprint")
Indian Oil issues tender for lease of LNG storage tank in Chennai
The Ennore terminal is owned by IndianOil LNG, a joint venture of IOC, private equity fund IDFC Alternatives and ICICI Bank, according to IndianOil LNG's website
 "Indian Oil issues tender for lease of LNG storage tank in Chennai")
Auto industry seeks govt intervention as PV sales skid to decade low
The passenger segment is the most valuable for the industry and a slowdown indicates Indian consumers are holding back purchases
 "Auto industry seeks govt intervention as PV sales skid to decade low")
Wait gets longer for more than 25,000 homebuyers of Jaypee Infratech
With lenders reportedly turning down the NBCC bid, the projects will now head for a fourth round of bidding
 "Wait gets longer for more than 25,000 homebuyers of Jaypee Infratech")
YES Bank sees several exits from board ahead of annual general meeting
There were many exits from the board in the second half of last year, with R Chandrasekhar and Ashok Chawla, both former Union secretaries, resigning
 "YES Bank sees several exits from board ahead of annual general meeting")
Reduce corporate tax rate, increase infra investment: India Inc tells FM
CII President Vikram Kirloskar suggested bringing down the dividend distribution tax to 10 per cent from the present 20 per cent
 "Reduce corporate tax rate, increase infra investment: India Inc tells FM")