Page 908 - Company News
Cash-strapped SpiceJet resolves Rs 93 cr dispute with Cross Ocean Partners
SpiceJet further stands to benefit from the 'transfer of airframe and an engine at no additional cost, augmenting its operational capabilities'
 "Cash-strapped SpiceJet resolves Rs 93 cr dispute with Cross Ocean Partners")
Reliance-Disney merger likely to capture 50% of India's streaming market
Last month, Reliance agreed to acquire Disney's India business, creating an $8.5 billion media giant ranging from film and television production to news and sports content.
 "Reliance-Disney merger likely to capture 50% of India's streaming market")
Ather Energy picks HSBC, JPMorgan, Nomura, Indian banks to arrange its IPO
Tarun Mehta and Swapnil Jain founded Ather in 2013 after graduating from the Indian Institute of Technology Madras
 "Ather Energy picks HSBC, JPMorgan, Nomura, Indian banks to arrange its IPO")
Infibeam Avenues gets RBI's authorisation for payment aggregator licence
The company said that after receiving the in-principle approval from the RBI to operate as a payment aggregator in October 2022, the company received the final authorisation on March 4
 "Infibeam Avenues gets RBI's authorisation for payment aggregator licence")
Kalpataru Projects International to lay 800 kms gas pipeline for Aramco
The EPC work scope covers laying of over 800 kms of lateral gas pipeline, it said, adding that the value of the project will be confirmed upon contract execution
 "Kalpataru Projects International to lay 800 kms gas pipeline for Aramco")
India Inc's wellness mantra: Me time, music, walks and the power of a smile
From work-life balance to work-life integration, corporate leaders share how they stay physically, mentally, emotionally healthy
 "India Inc's wellness mantra: Me time, music, walks and the power of a smile")
RBI bars IIFL Finance from sanctioning and disbursing gold loans
Move after no corrective action to address norm breach; ban to be reviewed after special audit; 2,721 gold loan branches manned by 15,000 employees
 "RBI bars IIFL Finance from sanctioning and disbursing gold loans")
Tata Motors to split CV, PV businesses into separate listed companies
Demerger move likely to unlock value for EV segment
 "Tata Motors to split CV, PV businesses into separate listed companies")
Vizag Port signs pact to incorporate traffic management system services
Visakhapatnam Port chairperson M Angamuthu and National Technology Centre for Ports, Waterways and Coasts (NTCPWC) principal scientist D Kumaran Raju signed the deal in the port city
 "Vizag Port signs pact to incorporate traffic management system services")
Tata Consumer to continue growing portfolio in pantry platforms and liquids
Krishnakumar added that when it looks at categories within foods it tries to see if those are the categories it wants to operate in
 "Tata Consumer to continue growing portfolio in pantry platforms and liquids")
Godrej plans stake sale in food JV; in talks with potential investors
In talks with potential investors, including PE firms; valuation of company not disclosed
 "Godrej plans stake sale in food JV; in talks with potential investors")
Average daily domestic traffic jumps by 3.78% in February, shows data
As the demand remains high, four of out six major carriers recorded load factors at above 90 per cent in February
 "Average daily domestic traffic jumps by 3.78% in February, shows data")
Intense merger activities impacted operations, business: ZEEL Chairman
Since 2020, ZEEL's performance has been impacted due to industry-wide macro slowdown, transitory issues, and management bandwidth constraints due to merger activities, he added
 "Intense merger activities impacted operations, business: ZEEL Chairman")
Can Disney-Reliance combine redefine the Indian advertising market?
The Disney-Reliance combine will have enormous reach, market muscle, and a unique combination of broadcast and digital
 "Can Disney-Reliance combine redefine the Indian advertising market?")
Prospects of Havells India seen improving; but positives priced in
Havells has established two US subsidiaries in order to develop exports. The company is also eyeing the Middle East
 "Prospects of Havells India seen improving; but positives priced in")
NCLAT dismisses BHEL's pleas against REC over Hiranmaye Energy insolvency
Insolvency appellate tribunal NCLAT on Monday set aside a BHEL petition seeking to halt REC from initiating insolvency proceedings against Hiranmaye Energy, formerly India Power Corp (Haldia)
 "NCLAT dismisses BHEL's pleas against REC over Hiranmaye Energy insolvency")
Apple hit with EU antitrust fine of over $1.95 billion in Spotify case
The European Commission's decision was triggered by a 2019 complaint by Swedish music streaming service Spotify over this restriction and Apple's 30% App Store fees
 "Apple hit with EU antitrust fine of over $1.95 billion in Spotify case")
Disclosure in US court counters narrative by four investors, says Byju's
Byju's said this counters the fake narrative by four investors at the National Company Law Tribunal (NCLT) that the amount was siphoned off
 "Disclosure in US court counters narrative by four investors, says Byju's")
Nippon India Mutual Fund looking to increase presence in UP: CEO Sikka
Asserting that Uttar Pradesh will be the 'flag bearer" of the mutual fund industry, Sundeep Sikka, the ED and CEO of Nippon India Mutual Fund said that the company remains 'committed to UP'
 "Nippon India Mutual Fund looking to increase presence in UP: CEO Sikka")
Metropolis Healthcare gets Rs 24 cr income tax demand from Mumbai officials
The actual demand for AY 2023-24 will come to Rs 24.19 crore after adjusting rectification of Rs 27 lakh pertaining to AY 2023-24, company said in a regulatory filing
 "Metropolis Healthcare gets Rs 24 cr income tax demand from Mumbai officials")