Page 168 - Companies

Soc Gen Securities Services deploys TCS BaNCS across multiple locations

SGSS was looking for a platform that met its strategic objectives of providing standardised corporate actions processing and cash management services, and consistent customer

The focus for Spencer's Retail is profitable growth: Shashwat Goenka

We want to ensure that the new stores we open become profitable from the first year itself and add to the bottomline, said Goenka

JLR launches maiden electric offering Jaguar I-PACE in Indian market

The maiden offering will go on sale from 22 outlets across 19 cities

Raising learning outcomes in backward areas linked to improving governance

KEF is working with the state and district officials to resolve many archaic, pre-colonial rules and procedures

Home-selling platform Offerpad to go public in $3 billion SPAC deal

The deal with Zillow co-founder Spencer Rascoff-backed Supernova Partners Acquisition Company Inc will fetch $650 million in proceeds for Offerpad

View from the corporate netherworld

Book review of Hot Seat: Hard-won Lessons in Challenging Time

Top Toshiba shareholder gets support from CalPERS, Norway fund for probe

CalPERS and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba Corp shareholder for an independent probe into the Japanese conglomerate

Exempt independent directors from any criminal liability, says CII

'Proceedings against independent directors may be initiated only once there is prima facie evidence of their possible involvement in the matter, rather than as a matter of course,' says CII

Max Healthcare Institute raises Rs 1,200 crore via QIP issue route

Max Healthcare Institute Ltd (MHC) on Wednesday said it has raised Rs 1,200 crore via issue of securities.

Shareholders vs stakeholders, once more

The debate resurfaced last month after JP Morgan's board rejected the switch to become a shareholder-focused entity

Orcel takes public row with Santander over CEO job offer to court

The case stems from Santander's decision two years ago to suddenly drop plans to make Orcel its CEO after a disagreement over his pay package

Delhi HC posts hearing on NAA to March 9, assigns matter to regular bench

Last month, companies told court that NAA was not following due process of law and was even launching probe against them when there was no cut in GST rates

NCLT upholds Doha Bank plea, Reliance Infratel to get 100% recovery

National Company Law Tribunal (NCLT) has upheld the petition of Doha Bank resulting in 100% recovery for the Financial Creditors of Reliance Infratel Ltd. (RITL), aggregating to Rs 3,515 crore

Hertz set to ride out of bankruptcy with $4.2 bn from investment firms

"We've been...repositioning our business as we prepare for increased travel demand as the pandemic subsides," Chief Executive Paul Stone said

Zoom reports staggering 369% revenue jump at $882.5 mn, set to grow further

Net Income for the fourth quarter was $260.4 million, or $0.87 per share, the company announced on Monday

AstraZeneca has sold its stake in Moderna for more than $1 billion: Report

The report added that it was not clear over what period British-based AstraZeneca sold its holding in Moderna

Wirecard's India deal started with 'fraud': London judges panel

Hermes was sold at a valuation of $40 million, before being acquired by Wirecard for more than $250 million

StanChart profit dips as Covid inflates bad loans, high credit impairments

Credit impairments last year more than doubled compared with a year earlier to $2.3 billion because of the pandemic

LinkedIn suffers over two hour long global outage, platform back up now

LinkedIn, which is the world's largest professional network with nearly 740 million members in more than 200 countries, was later up and running

HeidelbergCement saw good start to 2021, 2020 core profits up by 6%

"There should be a tailwind from infrastructure programmes, for example in the USA, Australia, India and Italy," Chief Executive Dominik von Achten said