Companies News

Volkswagen case: SC refuses to interfere

The SC however, restrained the NGT from taking any punitive action against the directors of the company, regarding the deposition of Rs 100 crore, after Volkswagen informed that it had complied with the orders and deposited the amount with the CPCB.

IBC delays, capital needs push SBI to auction Essar Steel loans

As against that estimated recovery, SBI has kept the reserves price for sale of its Essar Steel exposure at Rs 9,587.64 crore above which buyers will have to bid on January 30.

Nissan CEO says new capital ties with Renault not discussed

The Nikkei newspaper reported on Sunday that a French government delegation had informed Tokyo that it would seek an integration of Renault SA and Nissan, most likely under the umbrella of a single holding company.

HDFC Bank Q3 net profit increases 20.3% to Rs 5,586 crore

The bank’s total income for the quarter was at Rs 30,811.3 crore, up 26 per cent from Rs 24,450.4 crore for the quarter ended December 2017.

Sebi says no to L&T’s Rs 9,000-cr buyback plan

Sources in the company claimed that while turning down the proposal, Sebi has applied the financial ratio based on the consolidated financial statement of the company.

Group insolvency: IBBI sets up committee under Sebi chairman UK Sinha

To suggest regulatory framework to facilitate insolvency resolution and liquidation of debtors in a corporate group within the IBC.

Ex-officials of IL&FS can withdraw Rs 2Lakh/month, says NCLT

The NCLT stated that its earlier order dated December 3 had been modified by the National Company Law Appellate Tribunal (NCLAT), allowing the officials to withdraw only Rs 2 lakh per month.

Wipro Q3 net rises 34.9%; 1:3 bonus share offer announced

The company’s flagship IT services revenues grew 2 per cent to Rs 14,665 crore. In US dollar terms, the IT services revenues stood at $2,046.5 million, which was at the middle of the guidance on actual currency basis.

Sun Pharmaceutical stock falls on new ‘whistleblower complaint’

In a stock exchange filing, Sun Pharma said, “the company has not received the alleged 172–page whistle blower complaint and therefore we are not privy to the contents of the document being referred in the said media article.

Vodafone Idea moves SC for Rs 4,761-crore tax refund

Supreme Court seeks response from I-T Department within four weeks

Mukesh Ambani likely to take on Amazon, Walmart with an e-commerce plan

Ambani had previously spoken of leveraging the Jio network for launching some sort of an e-commerce venture. Jio has over 280 million subscribers with internet access.

Sun Pharma tumbles on report of fresh allegations by whistleblower

The complaint, sent to SEBI, is reportedly the second in over a month. The whistleblower alleges that Aditya Medisales Ltd had transactions with Suraksha Realty, controlled by Sun Pharma's co-promoter, Sudhir Valia.