Page 105 - Companies

India considers selling small stakes in its mammoth coal, zinc miners

The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, Rashtriya Chemicals and Fertilizers Ltd via the so-called offer-for-sale mechanism

Delhi HC grants bail to former YES Bank MD Kapoor in money laundering case

The Delhi High Court on Friday granted bail to former MD and CEO of YES Bank, Rana Kapoor, in a money laundering case being probed by the Enforcement Directorate. The order was pronounced by Justice Sudhir Kumar Jain on the bail application by Kapoor. The case pertains to Enforcement Directorate's probe against Gautam Thapar, Avantha Realty Ltd (ARL), Oyster Buildwell Pvt Ltd (OBPL), and several others alleging criminal breach of trust, cheating, criminal conspiracy, and forgery for diversion or misappropriation of public money during the 2017 to 2019 period. The agency had earlier told the trial court that the investigation revealed that approximately Rs 500 crore proceeds of crime were laundered through OBPL, Jhabua Power Limited (JPL), Jhabua Power Investment Ltd. (JPIL), Avantha Power and Infrastructure Ltd (APIL), ARL, etc. which were being controlled and beneficially owned directly or indirectly by Thapar. The trial court had, in October last year, taken cognizance of ED's ..

NDTV takeover a responsibility, not business opportunity: Gautam Adani

Adani wants to build a global news brand; plans to invest $4 bn in a petrochemical complex

Trident Realty to invest Rs 3,000 cr over 7-8 years in Panchkula project

The company will use the investment in its recently launched luxury residential project, Trident Hills, an integrated luxury township in Panchkula, to develop the new project

ICBC leads big banks to offer $179 bn aid to China's real estate developers

China's priority has been to ensure that unfinished homes get completed, while supporting the stronger firms that have so far survived the crisis

Gautam Adani's $5 bn bet aimed at silencing debt-obsessed critics

Gautam Adani is seeking legitimacy in the face of questions about his group's breakneck expansion from a traditional port operator to a sprawling empire

Margin scale up key trigger for genset manufacturer Cummins India

Easing commodity prices and exports to drive profitability for company, say analysts

India's 1st blockchain, news platform launches Web3 based ad network

India's First Blockchain and News Platform by Wortheum has Launched Web3 Based Ad Network

Air India rolls out new grooming guidelines; use of hair gel, shave must

Tata-owned Air India (AI) has released latest grooming guidelines for all its crew members while giving clear instructions about the 'No More Chalta Hai'culture

Elon Musk's 'hardcore' management style: A case study in what not to do

Musk, the world's richest man, appears in a hurry to make Twitter into a money-spinner, but it takes time to understand the requirements for successful organisational change

World's most expensive drug approved to treat Hemophilia at $3.5 mn a dose

CSL Behring's Hemgenix, administered just once, cut the number of bleeding events expected over the course of a year by 54%, a key study of the therapy found

Musk refuses to reimburse 'millions of dollars' owed to Twitter vendors

This comes amid, several cost-cutting measures by Musk to make Twitter more profitable, including layoffs across Twitter offices around the world

Adani FPO could be India's largest-ever; board to approve proposal on Fri

The follow-on offering will help the firm broaden its investor base

Disney finally gets a break in China with theater release for Avatar 2

Avatar: The Way of Water, a follow-up to the 2009 hit movie, was cleared for a Dec. 16 release date, raising the earnings potential for one of Disney's biggest films of the year

Violent protests erupt at Apple's biggest iPhone-making plant in China

Hundreds of workers at Apple's main Foxconn plant in China clashed with security personnel, as tensions boiled over after almost a month under tough restrictions intended to quash a Covid outbreak

Air India expands its US, Europe network with new non-stop flights

To operate new Mumbai-New York flights; resume flights to Copenhagen, Milan, Vienna from Delhi

Binance to hire 8,000 people by 2023 end, says CEO Changpeng Zhao

Binance CEO Changpeng Zhao has stated that the company is targeting to hire 8,000 people by the end of the year

Bridgestone appoints Stefano Sanchini as head of India operations

Japanese tyre maker Bridgestone has appointed Stefano Sanchini as the head of its India operations with effect from January 1 next year. He will replace Parag Satpute, who will be heading to Amsterdam (the Netherlands) to assume a new global role in Bridgestone's Solutions Business, the company said in a statement. Sanchini is currently VP Region Middle-East and Africa, (MEA). Satpute will relinquish his current charge on January 1, 2023 and Sanchini will assume his role from the same date, the company said. As we move into new technologies and mobility solutions, the Indian market is going to be a focus area and I am happy to be here as we spread out these solutions to the vast Indian customer base, said Sanchini.

Adani, Ambani set to clash over distressed assets of Lanco Amarkantak Power

The direct clash between the two major industrialist groups is set to happen during an auction on November 25

Higher costs and elusive profits: Why quick deliveries in India may go slow

A founder of a quick service company reportedly said that the 10-minute delivery was something of a "gimmick" as the speed of the delivery has slowed down and the costs have rise