Page 3729 - Company News
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")
Sanjeev Gupta's Liberty Steel buys Johnstown Wire in US for undisclosed sum
The acquisition has helped the company expand its footprint in the US steel downstream products market, Liberty Steel said in a statement
 "Sanjeev Gupta's Liberty Steel buys Johnstown Wire in US for undisclosed sum")
Pine Labs gears up for next phase of growth, plans to foray into new mkts
In the next couple of years, the Noida-based firm is also expecting the total payment volume (TPV) on its transactions to rise more than four-fold to $100 billion from $23 billion
 "Pine Labs gears up for next phase of growth, plans to foray into new mkts")
DHFL pays Rs 962 cr towards non-convertible debentures within cure period
The company added that since September 2018, it has managed to make liabilities payment of over Rs 36,000 crore without availing of any fresh funding from any lender
 "DHFL pays Rs 962 cr towards non-convertible debentures within cure period")
Rumour-mongering hitting Reliance Group's interests, says Anil Ambani
Says committed to meeting all debt servicing obligations in a timely manner
 "Rumour-mongering hitting Reliance Group's interests, says Anil Ambani")
IL&FS case: After auditors, credit rating agencies face govt heat
MCA may invoke Section 447 of Companies Act to slap penalty and suspend some of the rating agencies
 "IL&FS case: After auditors, credit rating agencies face govt heat")
Telecom industry's revenue growth may improve to double digits in FY21
Analysts project double-digit growth in FY21 to around 12%, largely driven by Jio
 "Telecom industry's revenue growth may improve to double digits in FY21")
OYO's hospitality paid loyalty programme touches 1.5 million subscribers
OYO Wizard, the company's reward programme for frequent customers, comes with benefits such as guaranteed discounts, cashback, discount coupons and upgrades
 "OYO's hospitality paid loyalty programme touches 1.5 million subscribers")
With ITC's luxury hotel Royal Bengal launch, Kolkata has room for more
A 16,400 square feet pillarless ballroom, 61,000 square feet of total banquet and convention centre, 456 keys and five culinary brands are what ITC is offering as 'one of a kind' from the Royal Bengal
 "With ITC's luxury hotel Royal Bengal launch, Kolkata has room for more")
Suzlon stares at $172 mn FCCB repayment in July; explores funding options
CARE Ratings in April downgraded Suzlon's Rs 16,185.46 crore worth debt to a default rating
 "Suzlon stares at $172 mn FCCB repayment in July; explores funding options")
MJ project gets approval; RIL, BP to invest Rs 35,000 cr in KG basin
Gas production from KG D6 integrated development is expected to help reduce India's import dependence
 "MJ project gets approval; RIL, BP to invest Rs 35,000 cr in KG basin")
IL&FS case: IFIN ex-CEO helped rating agency official buy villa at discount
This fee was paid by SIVA group to IFIN for services rendered by IFIN for debt restructuring carried out by the company
Whatsapp to take legal action against entities for sending bulk messages
In its FAQs section, the Facebook-owned company said its products are not intended for bulk or automated messaging and these are against its terms of service
 "Whatsapp to take legal action against entities for sending bulk messages")