COMPANIES & SECTORS


IANS 03 October 2023
IL&FS (Infrastructure Leasing and Financial Services) group has discharged an aggregate debt of approximately Rs35,650 crore by way of monetization of assets, auto debits by banks and debt repayment (including interim distribution) across entities as of 30th September.   The group has...

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IANS 03 October 2023
Mukund Jha, Co-founder at the cash-strapped quick-grocery delivery provider Dunzo, is reportedly set to exit the company, after another co-founder Dalvir Suri decided to quit, as Dunzo faces severe cash crunch amid delayed salaries and impending layoffs.   Jha exited Dunzo's board on...

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Moneylife Digital Team 02 October 2023
About a decade after combining all its businesses into Vedanta Ltd and then announcing a plan to make the company private, its chief, Anil Agarwal, has now decided to split the business into six companies based on their business lines. The companies demerged from Vedanta would be: Vedanta...

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IANS 02 October 2023
Edtech major Byju's, which has missed its deadline to file the FY22 financial results in September, said on Saturday that it will now release the financial statement for FY22 in October.   In a statement, the company said it will convene a board meeting in the second week of October...

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IANS 30 September 2023
For non-payment of dues worth Rs570 crore, LIC Housing Finance Ltd has taken symbolic possession of a Churchgate property in Mumbai whose guarantor was Essel group chairman Subhash Chandra. In a newspaper advertisement published on Saturday, LIC Housing Finance said it had issued a...

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IANS 28 September 2023
The securities appellate tribunal (SAT) on Wednesday reserved its order on Zee Entertainment promoter Punit Goenka's plea against Securities and Exchange Board of India's (SEBI's) interim order restraining him from holding any key managerial position in listed entities due to alleged fund...

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IANS 27 September 2023
Ranchi-based public sector company Heavy Engineering Corporation (HEC) Limited, once known as the mother of all industries in the country, is now gradually 'dying down'.   All three huge furnaces of its foundry forge plant (FFP) have cooled down and it will cost Rs4 crore to Rs5 crore...

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IANS 27 September 2023
Suzlon Energy has said that Dilip Shanghvi and Associates have terminated the agreement with the promoters of the company.   Dilip Shanghvi and Associates, referred to as the 'Investor Group', who had entered into an amended and restated shareholders’ agreement dated 28 February 2020...

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IANS 25 September 2023
Global chip manufacturers have realised India’s potential and US-based Micron Technology breaking grounds for its Rs22,500 crore facility here will set a benchmark for our semiconductor journey, Union IT and railways minister Ashwini Vaishnaw told IANS on Saturday.   Saying that the...

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IANS 25 September 2023
Air Akasa clarified that its plea in court is not directed against the director general civil aviation (DGCA) or the ministry of civil aviation but seeks an urgent interpretation and clarification of the interim order issued in 2018 on mandatory notice period requirements for...

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IANS 22 September 2023
The Supreme Court on Friday directed SpiceJet Chairman and Managing Director Ajay Singh to pay $1 million every month to the global investment bank and financial services firm Credit Suisse for a period of the next six months.   A bench of Justices Vikram Nath and Ahsanuddin Amanullah...

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Malvinder Mohan Singh and his younger sibling Shivinder Mohan Singh are like the legendary asura brothers, Ilvala and Vatapi*!   The brothers have been accused of swindling and cheating in all the companies under their charge being, Ranbaxy, Fortis Hospitals and Religare...

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IANS 20 September 2023
A small set of pilots abandoned their duties and left without serving their mandatory contractual notice period, it forced a disruption of flights between July and September, necessitating last minute cancellations that stranded customers and caused inconvenience to the travelling public, the...

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IANS 20 September 2023
One of China’s leading property developers, Sunac, has filed for bankruptcy protection in the United States, shortly after winning approval from its creditors to restructure nearly $10 billion worth of debt, a media report said.   The company has filed a petition for Chapter 15...

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IANS 18 September 2023
A Liechtenstein court order has exposed a trove of luxury cars and watches among the items seized by prosecutors investigating allegations of fraud linked to one of the investors aiming to revive India’s Jet Airways, a media report said.   The supreme court in Liechtenstein rejected...

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IANS 18 September 2023
Vodafone Idea has made a requisite payment of Rss1,701 crore to the department of telecommunications (telecom department) towards 2022 spectrum auction instalment.   In a regulatory filing, Vodafone Idea said the payment is in accordance with the terms of notice inviting applications...

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IANS 14 September 2023
In one of the biggest realty deals, the Bombay Dyeing and Manufacturing Co. Ltd. (BDMC) said it has approved a proposal to sell off its prime property in Worli, measuring around 22 acres, to Goisu Realty Pvt Ltd in two phases for around Rs5,200 crore to pay off debts and fund future projects,...

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IANS 14 September 2023
The Supreme Court has issued a stern warning to SpiceJet chairman and managing director (CMD), Ajay Singh, for default in making the due payments to global investment bank and financial services firm Credit Suisse AG.   A bench comprising justice Vikram Nath and justice Ahsanuddin...

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IANS 14 September 2023
Following three incidents of a commanded In-flight Shut Down (IFSD) of IndiGo aircraft recently, the aviation watchdog, DGCA said that a total of 11 Pratt & Whitney (P&W) engines of the airline's fleet were impacted, however out of these, only five operating engines have been removed till...

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IANS 14 September 2023
The Air India Maintenance Repair and Overhaul (MRO) depot, located in Mihan-SEZ in Nagpur, is on the verge of welcoming its inaugural foreign aircraft, after nearly a decade of operation.   The MRO facility commenced its operations in 2015 in Nagpur, and now, a Boeing 777 originating...

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