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Friday, May 29, 2020
Tata Sons, Tata Sons NCLAT order, NCLAT on Tata Sons, Tata Sons Cyrus Mistry, Tata Sons case, Business news, Indian Express

SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order

May 29, 2020 8:44:18 pm

The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.

Who is Wipro’s new MD and CEO?

May 29, 2020 1:33:59 pm

Wipro’s new MD and CEO Thierry Delaporte: Wipro named Thierry Delaporte as its new chief executive officer (CEO) and managing director (MD). He will be replacing Abidali Neemuchwala who relinquishes his position on June 1.

Renault poised to announce 15,000 layoffs worldwide

Renault poised to announce 15,000 layoffs worldwide

May 29, 2020 10:05:51 am

The overall cuts would affect just under 10% of Renault's 180,000 global workforce. The firm has around 48,500 staff in France.

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Google considering taking stake in Vodafone Idea: Report

May 29, 2020 10:22:14 am

A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue dues to the government.

TVS Motor Q4 net dips 43 per cent dip at Rs 82 crore

May 28, 2020 5:42:02 pm

Total income stood at Rs 4,128.67 crore for the fourth quarter as compared with Rs 4,967.03 crore in the same period of 2018-19 fiscal, TVS Motor Company said in a regulatory filing.

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ED attaches JP Morgan assets worth Rs 187 Cr, MNC in SC denies wrong doing in Amrapali case

May 27, 2020 11:21:04 pm

During the arguments, senior advocate Mukul Rohatgi appearing for JP Morgan India, said that on Tuesday, the Enforcement Directorate (ED) has attached the account of the multi-national firm to recover money to the extent as per the apex court's directions.

Volkswagen unveils new logo, affordable electric cars in show of new era

Volkswagen India introduces leasing, flexible financing options to drive sales amid COVID-19

May 27, 2020 5:54:11 pm

The Volkswagen Secure and Power Lease initiatives provide customers the power and independence to purchase their favourite Volkswagen in a hassle-free, contactless and digitalised manner, Volkswagen Passenger Cars India Director Steffen Knapp said.

Future Retail to raise up to Rs 650 crore to reduce debt

May 27, 2020 5:27:15 pm

The NCDs will be issued on private placement basis in one or more tranches, Future Retail said in a BSE filing.

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Government extends BPCL bid deadline to July 31

May 27, 2020 3:07:22 pm

The EoI submission deadline was May 2, but on March 31 it was extended up to June 13.

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Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month

May 27, 2020 7:37:54 am

In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and — have together announced the reduction of around 4,441 jobs in the last one month.

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COVID-19 impact: After Ola, Uber to lay off 600 employees in India

May 26, 2020 1:47:38 pm

The lay offs come from across driver and rider support, as well as other functions, Uber said in a statement adding that these reductions are part of its previously announced global job cuts earlier this month.

HDFC Q4 profit declines 10 per cent to Rs 4,342 crore

May 25, 2020 5:13:18 pm

The board has proposed a dividend of Rs 21 per share of the face value of Rs 2 per unit, HDFC Ltd said in a regulatory filing.

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ITC to acquire spices maker Sunrise Foods for estimated Rs 1,800-2,000 crore

May 25, 2020 12:06:52 pm

The company said it has signed a share purchase agreement (SPA) with Sunrise Foods Private Ltd (SFPL) which will augment its product portfolio and is also aligned to its aspiration to significantly scale up its spices business and expand its footprint across the country.

Suzuki Motor resumes production at Gujarat plant

May 25, 2020 11:34:13 am

Suzuki Motor Gujarat (SMG) manufactures cars on a contract basis for Maruti Suzuki India (MSI).

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Essel Infra defaulted on bonds: Franklin Templeton MF

May 24, 2020 1:15:16 am

The fund house said four of its fixed income schemes have invested in zero per cent Essel Infra Series 1 and zero per cent Essel Infra Series 2, which matured on May 22, 2020.

Hertz Files for Bankruptcy After Rental-Car Demand Vanishes

Hertz files for bankruptcy after rental-car demand vanishes

May 23, 2020 10:23:38 am

After the coronavirus pandemic decimated revenue, the car renter sought relief from lenders and a bailout from the U.S. Treasury Department.

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KKR to buy 2.32% stake in Jio Platforms for Rs 11,367 crore

May 23, 2020 2:13:15 am

The transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

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Amazon India to add 50,000 temporary roles for warehousing, delivery network

May 22, 2020 5:23:24 pm

The opening of seasonal roles at Amazon India also comes amid the spate of layoffs by tech-led companies like Swiggy, Zomato, ShareChat, Ola and some others over the past few days.

GlaxoSmithKline to discontinue Zinetac tablets in India

May 22, 2020 2:44:52 pm

The company has made a decision to discontinue the manufacture and supply of Zinetac tablets (150 mg and 300 mg products) manufactured in India and will in due course request cancellation of the marketing authorisation associated with the drug, GlaxoSmithKline Pharmaceuticals said in a regulatory filing.

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US private equity giant KKR picks 2.32% stake in Jio Platforms for Rs 11,367 crore

May 22, 2020 8:44:05 am

Prior to this, Jio Platforms had raised Rs 67,194.75 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic.