Page 629 - Company News

NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme

The Mumbai bench of the NCLT had last week recalled its order passed on August 10, 2023, in which it had approved the merger of Zee Entertainment with Sony Pictures Networks India

OIL aims to drill 75-plus wells in FY25 using more rigs, newer tech: CMD

Unrest in Bangladesh hasn't impacted Numaligarh refinery expansion, Indo-Bangla pipeline

Oberoi Grp family dispute: Delhi HC injuncts shares held by late PRS Oberoi

This order comes amid a legal dispute between Anastasia and her brother Vikramjit Oberoi, sister Natasha Oberoi, and cousin Arjun Oberoi

LG Electronics picks banks for $1.5 billion listing of Indian unit

LG has tapped banks including Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley as arrangers for an IPO

Byju's bankruptcy ruling in US comes as a surprise for Indian official

The development was surprising and in conflict with insolvency proceedings in India

Indian companies shift focus towards preventive care, wellness programmes

Companies are now rapidly shifting towards outpatient department (OPD) benefits, and emphasizing on preventive screenings, annual checkups, and mental health support

Tax notices to employees are a 'discrepancy', ITRs to be reprocessed: TCS

The company said associates who received the notices will get a rectification intimation in due course and are not required to pay any demand amount

GQG Partners ups stake in Patanjali Foods by 1.24% for Rs 835 crore

According to the bulk deal data available on the NSE, US-based asset management firm GQG Partners purchased 45.03 lakh shares or 1.24 per cent stake in edible oil major Patanjali Foods

Shareholders approve Rs 3,000 crore fund raising plan, says SpiceJet

In a regulatory filing on Friday, the airline said shareholders have given their nod for the special resolution for raising funds of up to Rs 3,000 crore

Flight schedules may get impacted due to bad weather in Delhi: Airlines

An official in the know said one flight of AIX Connect coming from Bagdogra to Delhi was diverted to Lucknow due to bad weather

NCLAT issues notice to IIHL on RCap plea seeking interest on payment

National Company Law Appellate Tribunal (NCLAT) was hearing the petition from Committee of Creditors (CoC) of RCap

Max to buy 64% stake in Jaypee Healthcare at Rs 1,660 cr valuation

Move to help Max establish foothold in North India region

Nazara to acquire PokerBaazi parent Moonshine Technology for Rs 982 cr

PokerBaazi is India's largest online poker platform, contributing over 85% of Moonshine's net revenue, while its fantasy sports platform, SportsBaazi, contributes 12%

After 2 years, Ford takes road back to India to make e-cars for export

Automaker's factory in Chennai will be repurposed after it stopped production in 2022

Temasek's arm cuts off 1.4% stake in Godrej Agrovet for over Rs 212 cr

According to the bulk deal data available on the National Stock Exchange (NSE), V-Sciences Investments offloaded 2.71 mn shares, or 1.41 per cent stake, in Godrej Agrovet

Reliance Jio, Bharti Airtel part of global venture to sell network API

Set to begin by early 2025, venture includes 12 major telcos globally

Helios partners with U-Boat, aims for 45% growth in India's watch market

Company will introduce 41 styles and eyes 45 per cent growth during festive season

IPO-bound Ecom Express used incorrect numbers in DRHP, says Delhivery

These are related to metrics such as shipment volumes, Service EBITDA and cost per shipment

Majority of Adani group stocks settle lower, Adani Power down nearly 3%

Adani group stocks ended lower on Friday as the Swiss authorities froze $311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts in money laundering probe

SBI may raise up to Rs 7,500 crore via 2nd tranche of Tier-II bonds

In the current financial year, the lender has raised Rs 20,000 crore through two tranches of infrastructure bonds