Journalism of Courage
COMPANIES NEWS - Page 72
RIL moves SC against HC order, seeks access to Sebi recordsSubscriber Only
April 20, 2022 10:32 IST
Sebi alleged that RIL along with Reliance Petroleum had “circuitously funded the acquisition of its own shares” in violation of the Sections 77 and 77A of the Companies Act, 1956 and the market regulator’s then takeover code, among various other regulations.
Honda City e:HEV to launch early next month, bookings open
April 19, 2022 18:33 IST
Customers can book the new Honda City e:HEV at dealerships across the country with a booking amount of Rs 21,000 or online through the company's website with an amount of Rs 5,000, HCIL said in a statement.
ED provisionally attaches assets worth Rs 757.77 crore belonging to Amway India
April 18, 2022 20:02 IST
ED had provisionally attached immovable and movable properties worth Rs 411.83 crore and bank balances of Rs 345.94 crore from 36 different accounts belonging to Amway.
Tata Steel board to consider stock splitSubscriber Only
April 18, 2022 00:20 IST
According to analysts, stock split is done by a company to increase liquidity in the market after the price of a stock rises beyond the reach of retail investors, making the stock affordable for them.
Hisashi Takeuchi: ‘Auto industry responsible for jobs; disruptive innovation shouldn’t disrupt industry’Subscriber Only
April 18, 2022 12:55 IST
Maruti Suzuki's newly-appointed managing director & CEO Hisashi Takeuchi speaks about the importance of testing battery EVs for a “tough” Indian environment, and throws light on the company's plans for future.
Multiple EV models planned, will target no 1 position: New Maruti Suzuki MD & CEO
April 17, 2022 13:13 IST
The company, which plans to launch its first EV model in 2025, also plans to produce EVs from its factories in future when the demand for EVs picks up in the country.
Ban after complaints: Amid pushback by restaurants, Zomato defers quality policySubscriber Only
April 17, 2022 05:58 IST
The platform had listed the presence of hazardous objects in food, serving non-vegetarian food instead of vegetarian, delivering the wrong type of meat, and rotten food as examples of severe food quality issues.
With Swiggy as lead, Rapido raises $180 million; both eye logistics scale-up
April 16, 2022 04:00 IST
According to regulatory filings, Swiggy invested around $124 million in the current round. In the past, Rapido has raised $130 million from various investors.
Why Musk’s Buffett-like playbook won’t work on Twitter
April 15, 2022 10:28 IST
But investment bankers, investors and analysts said Musk needed a blowout bid and more details on his financing for this strategy to work. They added that Musk's track record of reversing his positions also weighs against him.
Infosys to move business out of Russia
April 14, 2022 11:06 IST
Several other global IT and software players including Oracle Corp and SAP SE have either suspended or paused all operations in Russia.
Infosys profit rises 12%, forecasts higher full-year revenue
April 13, 2022 17:20 IST
The company's revenue for the January-March period rose 22.7% jump to 322.76 billion rupees.
In a first, Google goes after puppy fraud in courtSubscriber Only
April 13, 2022 16:34 IST
The lawsuit, filed Monday in U.S. District Court in San Jose, California, claims that Nche Noel Ntse, a Cameroon man, defrauded would-be puppy buyers using a range of Google services, including Gmail accounts, Google Voice numbers and advertisements.
Substack’s growth spurt brings growing painsSubscriber Only
April 13, 2022 15:36 IST
Not long ago, Substack haunted mainstream media executives, poaching their star writers, luring their readers and, they feared, threatening their viability. Flush with venture money, the startup was said to be “the media future.”
ED issues summons to Xiaomi global VP under FEMA
April 13, 2022 12:21 IST
Allegations related to violation of forex laws in the Indian arm of the Chinese company over the last few years are being investigated
Singapore-based Zilingo suspends CEO Ankiti Bose amid investigationSubscriber Only
April 12, 2022 15:29 IST
The company, which supplies technology to apparel merchants and factories, had been trying to raise $150 million to $200 million with help from Goldman Sachs Group Inc. when investors began to question its finances as part of the due diligence process, said the people, asking not to be identified because the information is confidential.
Tata Consultancy Services Q4 net up 7.35%Subscriber Only
April 12, 2022 05:52 IST
Revenue for the fourth quarter increased by 16.8 per cent to Rs 50,591 crore from Rs 43,705 crore last year. While operating margin was 25 per cent, net margin was at 19.6 per cent.
Meesho lays off 150 staff amid superstore arm rejigSubscriber Only
April 12, 2022 01:35 IST
In a statement to The Indian Express, a Meesho spokesperson said, “About 150 full time employ-ees will be impacted by the restructuring of Meesho Superstore which is aimed at bringing in effi-ciencies. The company is offering severance packages and outplacement assistance to help those impacted secure new opportunities outside the company”.
BMW eyes ‘mega year’ in India post Q1 show; to launch 24 products
April 11, 2022 15:39 IST
The BMW group has also lined up 24 products to be introduced in India this year -- 19 in the four-wheeler segment, including the all-electric sedan i4 in May, and five motorcycles through its BMW Motorrad division.
Amul says bracing for sales disruption due to straws ban
April 11, 2022 15:11 IST
Amul has not worked out any practical solution to replace the tiny plastic straws and the paper variant is not feasible, said R. S. Sodhi, Amul's managing director.
Reliance’s unique energy transition story
April 11, 2022 14:58 IST
Billionaire Mukesh Ambani in 2020 set a 2035 target for Reliance, which operates the world's largest single-location oil refining complex and also has an array of petrochemical units, to turn net carbon zero by 2035.
Maruti Suzuki opens bookings for all-new XL6
April 11, 2022 13:26 IST
The model comes with next generation K-Series engine, advanced transmission, array of sophisticated comfort and convenience features, and bold styling, the auto major said in a statement.
Ashneer Grover writes to BharatPe board for action against CEO, demands chairman’s resignation
April 8, 2022 15:48 IST
Grover in the letter dated April 8, a copy of which is reviewed by PTI, said Sameer's language in response to the aforesaid social media post is not only defamatory but "also blatantly a public lie and admission of the company being bankrupt by no less than its own CEO and member of the board".
Govt defers BSNL-MTNL merger, says BBNL-BSNL merger being considered
April 7, 2022 06:26 IST
The Indian Express had on January 9 reported that the government had decided to merge BBNL and BSNL by the end of this fiscal and that the latter was likely to finish BharatNet work, started by BBNL.
Invesco to sell 7.8% stake in ZEEL today
April 7, 2022 04:13 IST
Invesco, along with OFI Global China Fund, is currently the largest shareholder in Zee with a total stake of 17.88%
Food delivery apps Zomato and Swiggy face brief outages
April 6, 2022 16:06 IST
Zomato termed it a "temporary glitch" while Swiggy called it a "technical constraint". Both apps were up after some hours but users still complained on social media about the glitches.
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