Page 479 - Company News

Meta moves NCLAT over CCI's Rs 213 cr penalty in WhatsApp privacy case

Meta asked the NCLAT to hear the case urgently, noting its implications and the stakes involved and the NCLAT bench led by Chairperson Justice (Retd) Ashok Bhushan is likely to hear it

Amazon, Flipkart pleas against CCI probe order transferred to Karnataka HC

A single-judge bench of the Karnataka High Court is likely to hear the case on January 15

Coal India, IREL ink MoU to collaborate on development of critical minerals

The MoU aims to promote the development of mutually agreed assets of critical minerals, including mineral sands and rare earth elements (REE)

Adani partners with Thailand's Indorama for petrochemical expansion

Adani Petrochemicals is developing a petrochemical cluster in Mundra, Gujarat, which includes the PVC plant. The plant, whose total cost is estimated to be around Rs 35,000 crore

Gaurs Group's pre sales up at Rs 4,800 cr in Apr-Dec 2024 on strong demand

Besides expansion in the housing market, the company will develop more commercial assets, including malls, hotels, office spaces and schools/colleges, to generate stable rental income

Airtel, Vi sell entire stake in Wi-Fi JV Firefly to iBus for Rs 9 crore

The deal is expected to close within 30 business days from the date of execution of the agreement between the firms

Walt Disney, Fubo near deal to merge their online live TV businesses

As part of the transaction, Disney will fold its Hulu + Live TV business into Fubo, creating a new venture that will be 70 per cent owned by Disney and the rest by Fubo

Steel ministry proposes merger between state-run KIOCL, NMDC: Report

Mining company NMDC aims to export iron ore pellets from KIOCL post the merger

IIFCL plans to raise about Rs 8,000 cr from borrowing during Jan-Mar qtr

IIFCL MD Jaishankar said that the company has finalised blended finance of $600 million with the Asian Development Bank and Korean Exim Bank to expand its investor base and lower the borrowing cost

ICICI Securities settles case with Sebi for Rs 40 lakh over terminal misuse

In July 2024, the stock broker applied for settlement without admitting or denying the findings under the Settlement Regulations. The settlement amount was paid on January 1, 2025

US Steel, Nippon move court against Biden blocking $14.9 billion deal

Second lawsuit is against Cleveland-Cliffs, its CEO Lourenco Goncalves, and USW union President David McCall "for their illegal and coordinated actions" aimed at preventing the deal

Not aware of any govt document on CCI investigation: Pernod Ricard

Pernod Ricard responds to reports of CCI raids over alleged retailer collusion to promote whisky brand

Luxury carmaker Mercedes-Benz appoints Emrah Ozer as CFO for India

He succeeds Evren Cakabey who has taken over as the Executive Director & CFO, Mercedes-Benz G GmbH, Austria, effective January 1, 2025

CCI raided Pernod's office over retailer collusion to promote whisky brand

The case was triggered by a 2022 complaint by Indian rival Radico Khaitan, which accused Pernod of colluding with retailers not to stock a Radico whisky brand

Arkade Developers aims Rs 2,150 cr revenue from 3 new projects in Mumbai

Collectively, Arkade will develop 20,232 square metres (about 5 acres) across these redevelopment projects located in Andheri East, Malad West and Borivali West

NCLAT to hear Meta Platform's plea against CCI's penalty on January 16

The petition was mentioned before a National Company Law Appellate Tribunal (NCLAT) bench which also comprised its Chairperson Justice Ashok Bhushan

Cipla launches CipAir mobile app for first-line asthma screening in India

The app aims to assess users' likelihood for asthma, thereby enabling timely intervention and management

Sterlite Grid 32 gets Rs 2,450 cr via listed NCDs to refinance MUML project

This is the first listed NCD issuance of Sterlite Grid 32 Limited after its joint venture with GIC of Singapore

With new $650 mn war chest for India, Accel eyes AI, fintech startups

Accel said its latest fund eighth in India and Southeast Asia -- builds on its commitment to partnering with early-stage founders

SC transfers all cases against Flipkart, Amazon to Karnataka HC on CCI plea

The order came on a plea filed by the Competition Commission of India, which sought to consolidate all 24 cases pending across various high courts against Amazon and Flipkart