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Companies News
Supreme Court dismisses Dalmia petition on Binani
UltraTech said in a release to stock exchanges: “The Supreme Court has today (Monday) dismissed Rajputana Properties’ appeal against the NCLAT order. A certified copy of the order is awaited.”
Air India to raise at least 856 million dollar via sale, leaseback of seven widebody aircraft
Currently, Air India has 27 Boeing 787-8 aircraft, of which 21 are already leased through sale and leaseback model. The airline owns 15 Boeing 777-300ER aircraft. It has a total of 49 widebody aircraft.
Reliance said to expand world’s largest oil-refining complex
The size of the plant planned by the company may cost $10 billion, they said. A Reliance spokesman didn’t reply to an email seeking comment.
Nissan chairman Carlos Ghosn ‘arrested’, to be dismissed for financial misconduct
The Japanese automaker said that based on a whistleblower report, it had been investigating possible improper practices of Ghosn and Representative Director Greg Kelly for several months, and that it was fully cooperating with investigators.
SC stays CCI order imposing Rs 420-crore fine on Hyundai
The NCLAT has asked Hyundai to deposit 10 per cent of the CCI penalty based on its total turnover and also comply with the regulator's directions.
Myntra, Jabong to merge; Narayanan will continue as CEO
Flipkart had acquired Myntra in 2014 and Myntra had acquired Jabong in 2016. The company said since Myntra’s purchase of Jabong, the two brands have been steadily integrating key business functions and streamlining processes.
No proposal yet for Jet airways takeover: Tatas
The Tatas are looking at dilution of Goyal’s shareholding which is currently 51 per cent.
Exit of Flipkart CEO adds to fears in Corporate India about sexual misconduct
Companies - large and small - are now approaching headhunters, law firms and boutique consultancies to ensure they provide a safer workplace for women, become better equipped to handle complaints and run proper checks on prospective employees.
Battling insolvency: Essar seeks hearing before orders passed
ESAH has filed a caveat petition in the NCLT Ahmedabad bench which has been hearing the insolvency case against the firm.
RPPL moves SC against NCLAT order on Binani
A bench led by Chief Justice Ranjan Gogoi admitted the plea and agreed to give it an early hearing and listed the case for November 19.
Jawa re-enters India with three new motorcycles starting Rs 1.5 lakh
The booking for the new bikes have begun online from Thursday and they will be available to the customers from December 7.
OYO appoints former IndiGo President Aditya Ghosh as CEO India & South Asia
OYO currently has footprints in over 500 cities across India, China, Malaysia, Nepal, the UK, the UAE and Indonesia.
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