Page 935 - Company News
LIC employee unions refuse 14% salary hike offer by management
LIC has a five-year wage revision policy and last raise was given to employees in 2017
 "LIC employee unions refuse 14% salary hike offer by management")
Florintree Capital exits Data Patterns, sells entire stake for Rs 1,102 cr
According to the block deal data available with the BSE, Florintree Capital Partners LLP offloaded 59,96,622 shares, amounting to a 10.71 per cent stake in Data Patterns (India)
 "Florintree Capital exits Data Patterns, sells entire stake for Rs 1,102 cr")
Paytm shifts nodal account to Axis Bank from Paytm Payments Bank
The RBI has advised customers and merchants of Paytm Payments Bank Ltd (PPBL) to shift their accounts to other banks by March 15
 "Paytm shifts nodal account to Axis Bank from Paytm Payments Bank")
PM Modi lays foundation for NLC India's solar power plant in Rajasthan
The projects, he said, will not only give green and cheap power to the region but also provide great employment opportunities to the youth
 "PM Modi lays foundation for NLC India's solar power plant in Rajasthan")
RBI extends Paytm Payments Bank restriction deadline to March 15
The earlier deadline was Feb 29
 "RBI extends Paytm Payments Bank restriction deadline to March 15")
LIC gets tax refund of Rs 21,740 crore from Income Tax department
Out of this, the Income Tax Department has released Rs 21,740.77 crore. The company further added that it is pursuing the balance with the Income Tax Department
 "LIC gets tax refund of Rs 21,740 crore from Income Tax department")
Royal Enfield partners with K-Rides Motosiklet to enter Turkiye market
The first flagship store is set to open in Istanbul this spring, Royal Enfield said in a statement
 "Royal Enfield partners with K-Rides Motosiklet to enter Turkiye market")
Tata Power gets LoI to develop Jalpura Khurja power transmission project
The project SPV will be developed on a build-own-operate transfer (BOOT) basis to provide transmission service for 35 years from the scheduled date of commercial operation (SCOD)
 "Tata Power gets LoI to develop Jalpura Khurja power transmission project")
SpiceJet's Ajay Singh, Busy Bee Airways jointly submit bid for GoFirst
The bid has been submitted by SpiceJet Chairman Ajay Singh, in his personal capacity, along with Busy Bee Airways Private Limited
 "SpiceJet's Ajay Singh, Busy Bee Airways jointly submit bid for GoFirst")
Max Healthcare Institute acquires Alexis Hospital at Rs 412 cr valuation
Subsequently, Alexis Multi Speciality Hospital has been renamed as Max Super Speciality Hospital, Nagpur, the company said in a statement
 "Max Healthcare Institute acquires Alexis Hospital at Rs 412 cr valuation")
Akasa Air to start international ops from March 28; first flight to Doha
Akasa Air Founder and CEO Vinay Dube said its foray into Qatar marks the next phase of growth as it continues the journey towards becoming one of the world's top 30 airlines by the turn of this decade
 "Akasa Air to start international ops from March 28; first flight to Doha")
Coal scam: CBI names Monnet Ispat and Energy, CMD Jajodia in charge sheet
After over six years of investigation, the CBI has invoked IPC sections related to criminal conspiracy and criminal breach of trust against the company, Jajodia and Mudgal
 "Coal scam: CBI names Monnet Ispat and Energy, CMD Jajodia in charge sheet")
Oberoi Realty ties up with Marriott to manage two new hotels in Mumbai
The agreement marks the development of two Marriott properties -- 'JW Marriott Hotel Thane Garden City' and 'Mumbai Marriott Hotel Sky City' in Borivali, both set for completion in 2027-2028
 "Oberoi Realty ties up with Marriott to manage two new hotels in Mumbai")
SpiceJet promoter Ajay Singh, Busy Bee Airways bid for bankrupt Go First
SpiceJet announced that it would act as the operating partner for the new airline, providing staff and services
 "SpiceJet promoter Ajay Singh, Busy Bee Airways bid for bankrupt Go First")
Zydus Lifesciences gets USFDA nod for generic drug to prevent chest pain
The product will be manufactured at the group's formulation manufacturing facility at Ahmedabad SEZ, the company said
 "Zydus Lifesciences gets USFDA nod for generic drug to prevent chest pain")
Corporate finance firm REC to issue multiple-tenor bonds, say bankers
India's REC plans to raise funds through two bonds, one maturing in three years and two months and the other in 10 years, three bankers said on Friday
 "Corporate finance firm REC to issue multiple-tenor bonds, say bankers")
Meril Life Sciences eyes 5-fold revenue growth over the next 5 years
Currently, 55 per cent of Meril's revenue comes from its international business, through its presence in over 150 countries and subsidiaries in more than 25 nations such as Germany, Russia and Brazil
 "Meril Life Sciences eyes 5-fold revenue growth over the next 5 years")
Workers at Apple supplier Flex stage one-day strike, seek wage hike
The workers requested wage raises for the next three years but could not reach an amicable resolution, according to the letter
 "Workers at Apple supplier Flex stage one-day strike, seek wage hike")
NHAI removes Paytm Payments Bank from FASTag authorised service list
The National Highway Authority of India's list contain a total of 32 payment banks, scheduled commercial and small finance banks, that are authorised for FASTag services
SBI seeks lower reserve requirement for green deposits, says chairman
"We have put across the asks. One, of course, is a reduction in CRR for green deposits and second, if at all as a policy it can be incorporated," Khara said
 "SBI seeks lower reserve requirement for green deposits, says chairman")