Corporates

Flipkart Ties Up With Hero, Mahindra To Deploy Over 25,000 Electric Vehicles

Flipkart Ties Up With Hero, Mahindra To Deploy Over 25,000 Electric Vehicles

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday February 24, 2021

Flipkart has partnered with Hero Electric, Mahindra Electric, as well as Piaggio for the specific vehicles to be deployed or its first and last-mile delivery fleet across the country.

Auto Parts Supplier Sona BLW Files For Rs 6,000 Crore IPO

Auto Parts Supplier Sona BLW Files For Rs 6,000 Crore IPO

Edited by Nirmalya Sen | Wednesday February 24, 2021

Sona BLW: The IPO of shares of face value of Rs 10 each consists of a fund-raiser through fresh issue amounting to Rs 300 crore and an offer for sale aggregating up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd

Mahindra Electric Vehicles To Power Amazon India Deliveries

Mahindra Electric Vehicles To Power Amazon India Deliveries

Reuters | Tuesday February 23, 2021

Mahindra Electric's "Treo Zor", a three-wheeler vehicle powered by a lithium-ion battery, has been deployed in major metro cities like Bengaluru, New Delhi and Hyderabad

Reliance Expects Approvals For Oil-To-Chemicals Business Spin-Off By Second Quarter

Reliance Expects Approvals For Oil-To-Chemicals Business Spin-Off By Second Quarter

Reuters | Tuesday February 23, 2021

Reliance, owned by billionaire Mukesh Ambani, will retain full control of the business post-restructuring, the company said in the presentation.

Thomas Cook India Stock Gains After Plan To Raise Rs 450 Crore Through Preferential Issue

Thomas Cook India Stock Gains After Plan To Raise Rs 450 Crore Through Preferential Issue

Edited by Nirmalya Sen | Monday February 22, 2021

The company's board of directors has approved the issuance of up to 45 crore OCCRPs of the face value of 10 each to promoter Fairbridge Capital Mauritius Ltd through private placement on a preferential basis

Cairn Hopeful Of Solution In $1.2 Billion-Plus Tax Dispute With Centre

Cairn Hopeful Of Solution In $1.2 Billion-Plus Tax Dispute With Centre

Reuters | Sunday February 21, 2021

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral Investment Treaty

Supreme Court Asks Lenders To Place Loan Records Of Former Ranbaxy Promoters

Supreme Court Asks Lenders To Place Loan Records Of Former Ranbaxy Promoters

Press Trust of India | Thursday February 18, 2021

The apex court on November 15, 2019 had held former Ranbaxy promoters guilty of contempt of court for violating its order asking them not to divest their shares in FHL.

L&T Finance Holdings Rights Issue Oversubscribed 15%

L&T Finance Holdings Rights Issue Oversubscribed 15%

Edited by Nirmalya Sen | Thursday February 18, 2021

The allotment of equity shares will be on February 23, and such equity shares shall be listed on the bourses on February 26

L&T Construction Gets Contract To Build  2 Units Of Kudankulam Nuclear Power Project

L&T Construction Gets Contract To Build 2 Units Of Kudankulam Nuclear Power Project

Edited by Nirmalya Sen | Thursday February 18, 2021

L&T did not provide the value of the contracts but said the orders fall under the 'significant' category, which ranges between Rs 1,000 crore and Rs 2,500 crore

Apple Lobbies For India Incentives As It Plans iPad Assembly: Report

Apple Lobbies For India Incentives As It Plans iPad Assembly: Report

Reuters | Thursday February 18, 2021

Apple, which has steadily raised production of iPhones in India to lessen its dependence on Chinese manufacturing, took part in that scheme via its contract manufacturers.

Reserve Bank of India Approved DHFL Takeover: Piramal Group

Reserve Bank of India Approved DHFL Takeover: Piramal Group

Reuters | Thursday February 18, 2021

"RBI has approved the DHFL resolution plan from Piramal Capital and Housing Finance, submitted by the committee of creditors," the Piramal Group said in a statement.

Amazon Deployed Secret Strategy To Dodge Indian Regulators: Report

Amazon Deployed Secret Strategy To Dodge Indian Regulators: Report

Reuters | Wednesday February 17, 2021

With Amazon facing increasing scrutiny by regulators, news of the strategy detailed in the documents could deepen the risks for the company in one of its key growth markets.

To Make India Pay $1.2 Billion Award, Cairn Files Case In US

To Make India Pay $1.2 Billion Award, Cairn Files Case In US

Reuters | Tuesday February 16, 2021

Cairn asked the US court to recognise and confirm the award, including payments due since 2014 and interest compounded semi-annually, according to a February 12 filing

Amazon To Start Making TV Streaming Device In India

Amazon To Start Making TV Streaming Device In India

Reuters | Tuesday February 16, 2021

The move marks Amazon's first foray into making its devices in India, which is working to boost local electronics manufacturing.

Tribunal Blocks SEBI's Order On Kishore Biyani, Says Future Group

Tribunal Blocks SEBI's Order On Kishore Biyani, Says Future Group

Reuters | Tuesday February 16, 2021

The regulator had said Mr Biyani and his brother Anil had traded in shares of their Future Retail firm through a group company on the basis of unpublished price-sensitive information.