Corporates

Ratan Tata Was Running Tata Group, Says Cyrus Mistry's Counsel to Supreme Court

Ratan Tata Was Running Tata Group, Says Cyrus Mistry's Counsel to Supreme Court

Reported by A Vaidyanathan, Edited by Nirmalya Sen | Monday December 14, 2020

Harish Salve, the Tata group counsel, had said that the Mistry family has voted for the amendments in the articles of associations but expressed discontent after Cyrus Mistry was sacked

Farmer Protests Spark Telecom War, Jio Goes To Regulator Against Rivals

Farmer Protests Spark Telecom War, Jio Goes To Regulator Against Rivals

Reported by Sakshi Bajaj, Edited by Abhishek Vasudev | Monday December 14, 2020

Reliance Jio Infocomm, promoted by billionaire Mukesh Ambani, on Monday wrote to the regulator Telecom Regulatory Authority of India (TRAI) seeking action against Vodafone Idea and Bharti Airtel, amid the farmer protests in and around Delhi against farm laws. Jio highlighted an unethical and anti-competitive mobile number portability (MNP) campaign being run by Vodafone Idea and Bharti Airtel amid the protests

Apple Probes Supplier After Workers At Wistron Plant Go On Rampage

Apple Probes Supplier After Workers At Wistron Plant Go On Rampage

Reuters | Monday December 14, 2020

Apple said it was sending staff and auditors to the site and was cooperating with police in their investigation.

Tata Group Formally Joins Race For Air India

Tata Group Formally Joins Race For Air India

Edited by Peter Noronha | Monday December 14, 2020

Tata group will use Air Asia as a vehicle where Tata Sons has a significant majority stake, the sources added.

Vodafone Spinoff Vantage Towers Looking At Growth Ahead, Says Chief Executive

Vodafone Spinoff Vantage Towers Looking At Growth Ahead, Says Chief Executive

Reuters | Sunday December 13, 2020

Vantage Towers, which owns 68,000 masts across nine European countries, is eyeing a spring listing in Frankfurt that would arm CEO Vivek Badrinath with the firepower to pay for takeovers with its own shares.

Jet Airways Crisis: Bankruptcy Court Adjourns Hearing On Revival Plan To December 17

Jet Airways Crisis: Bankruptcy Court Adjourns Hearing On Revival Plan To December 17

Edited by Nikita Prasad | Friday December 11, 2020

Jet Airways crisis: The National Company Law Tribunal (NCLT) adjourned the key hearing on the revival plan for grounded airline on December 17 due to lack of time

Will Fight Any Attempt By Zambia To Sell Konkola Copper Mines: Vedanta

Will Fight Any Attempt By Zambia To Sell Konkola Copper Mines: Vedanta

Edited by Nirmalya Sen | Friday December 11, 2020

Konkola Copper Mines Case: The long legal fight with Zambia began in May 2019, when Lusaka appointed a liquidator for KCM, which is jointly owned by Vedanta and Zambias state mining arm ZCCM-IH

How Carlsberg, Sabmiller And United Breweries Fixed Beer Prices In India

How Carlsberg, Sabmiller And United Breweries Fixed Beer Prices In India

Reuters | Friday December 11, 2020

Executives' conversations, WhatsApp messages and e-mails contained in the report show the companies regularly and collectively strategised in seeking price increases in "several states"

Not Without India: World's Pharmacy Gears Up For Vaccine Race

Not Without India: World's Pharmacy Gears Up For Vaccine Race

Edited by Nirmalya Sen | Thursday December 10, 2020

With nearly 10 million infections, the world's second-highest after the United States, India's government is likely to order a huge chunk of the vaccines for its 1.3 billion people

Tata Rejects Mistrys' Share-Swap Separation Offer As 'Nonsense'

Tata Rejects Mistrys' Share-Swap Separation Offer As 'Nonsense'

Upmanyu Trivedi, Bloomberg | Thursday December 10, 2020

"It's nonsense. This kind of relief cannot be granted," Tata's lawyer Harish Salve said during a hearing before Supreme Court on Thursday.

Antitrust Body Raids Cement Giants UltraTech, LafargeHolcim Units: Report

Antitrust Body Raids Cement Giants UltraTech, LafargeHolcim Units: Report

Reuters | Thursday December 10, 2020

Commerce minister Piyush Goyal last year told parliament the CCI was examining complaints of cartelisation by cement companies

Airbnb Prices Shares Above Target In Biggest US IPO Of 2020

Airbnb Prices Shares Above Target In Biggest US IPO Of 2020

Edited by Nirmalya Sen | Thursday December 10, 2020

As lockdowns eased and with more travellers opting to book homes instead of hotels, Airbnb's revenue rebounded from a summer slump to reach $1.34 billion in the third quarter

Facebook Slapped With US Lawsuits That Could Force Sale of Instagram, WhatsApp

Facebook Slapped With US Lawsuits That Could Force Sale of Instagram, WhatsApp

Edited by Nirmalya Sen | Thursday December 10, 2020

Facebook's general counsel Jennifer Newstead said WhatsApp and Instagram have succeeded after the social media giant invested billions of dollars in growing the apps

No Mismanagement, Rise In Shapoorji Pallonji Group Valuation: Tatas Tell Top Court

No Mismanagement, Rise In Shapoorji Pallonji Group Valuation: Tatas Tell Top Court

Press Trust of India | Thursday December 10, 2020

The Tatas told the Supreme Court that going by the claim of Shapoorji Pallonji group, valuation of their 18.37 per cent stake in Tata Sons rose from 58,000 crore in 2016 to Rs 1.75 lakh crore in 2020.

How Oil Majors Move Billions in Profits To Island Tax Havens

How Oil Majors Move Billions in Profits To Island Tax Havens

Edited by Nirmalya Sen | Wednesday December 09, 2020

International oil corporations game global tax systems