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Latest Articles in corporate movement

Aavas Financiers Plans To Raise Rs 1,734 Crore Through IPO

The IPO will open on September 25 and will close on September 27, Ghanshyam Rawat, chief financial officer of Aavas Financiers, said at a press conference today

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India's Largest Hotel Chain OYO Set To Expand Into Britain, Plans To Invest $53 Million In 10 UK Cities

With a plan to expand outside Asia, OYO, India's largest hospitality company plans to invest $53 million to launch in 10 UK cities over the next 18 months through a smartphone based service

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NuMetal Ineligible To Bid For Essar Steel: ArcelorMittal To SC

ArcelorMittal told the Supreme Court that NuMetal was ineligible to bid for Essar Steel on various grounds including that it was a shell company created by firm in which Essar group promoters have majority shares

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ArcelorMittal Condemns NCLAT Order Asking It To Pay Rs 7,000 Crore Before Bidding For Essar Steel

ArcelorMittal India today criticized in the Supreme Court an order of the NCLAT asking it to pay Rs. 7,000 to be eligible to bid for Essar Steel and said that it has already divested its shares in two firms

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SC Appoints NBCC To Construct Stalled Projects Of Amrapali Group, DRT To Sell Its Properties

The Supreme Court ordered the Debts Recovery Tribunal (DTC) to sell the commercial properties of Amrapali Group the proceeds of which will be used by NBCC to construct the pending projects in Group A and B Categories

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Alstom Wins EUR 315 Million Contract To Supply Wagons For Mumbai's Metro Line 3

French Multinational Alstom has been awarded a contract by Mumbai Metro Rail Corporation Limited (MMRCL) to supply 248 wagons for its metro line-3

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India's First Mobile Solar PV Lab, Mahindra Susten,Completes 1 GWp Of Testing

Mahindra Susten, India;s first mobile solar pv testing lab is a revolutionary technology unique in Asia and is a part of $20.7 billion Mahindra Group

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ACB Asking For Docs Not Pertaining To Gas Price Fixation, RIL Tells HC

In an affidavit filed before Delhi High Court, RIL has claimed that Delhi Government's Anti-Corruption Branch (ACB) asked for documents not concerning the issue and harassed RIL's top officials

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Jet Pilots Threaten 'Non-Cooperation', Airline Promises Full Salary Payment Till November

Hit over delay in salary payment, Jet Airways pilots warned of "Non-Cooperation", however, the airlines has assured full disbursal by November

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Indian-Origin Broker Amongst 5 Jailed In UK's Investment Fraud

Charanjit Sandhu an Indian-Origin broker was amongst 5 others incarcerated for five and a half years' for duping elderly and vulnerable people in UK

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Unprepared For 'Weaponized' Social Media Efforts: Twitter Chief

Twitter Chief Jack Dorsey appearing before a hearing said the messaging service was ill-equipped in dealing with manipulation campaigns weaponizing open exchange and dividing people and nation

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HC Grants Time To Centre To Decide Vedanta's Plea On Barmer Oil Pact Extension

Delhi High Court allowed the Centre's plea to comply with the its earlier order asking the government to "decide or process" Vedanta's application for PSC extension under its new policy

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IndiGo Withdraws 3 flights From Jammu Airport: Official

Budget carrier IndiGo official did not give any specific reason for the flight withdrawal from Jammu Airport but talks are on with the airline to restore the flights as soon as possible

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Ex-Ranbaxy Promoter In Violation Of HC Order, Directed To Deposit 3.5 Million Singapore Dollars

Delhi High Court's order came after it learnt that Malvinder Singh, ex-promoter, Ranbaxy Laboratories sold his 45 lakh equity shares in Religare Healthcare in Singapore in April

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NXP Acquires OmniPHY, Paves Way for Securely Connected, Self-Driving Cars

NXP’s acquisition of OmniPHY, which has already begun to translate 1000BASE-T1 Ethernet for the automotive space, will give NXP a significant position in this rapidly evolving area.

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