Corporates

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.

Clubhouse, Elon Musk's Buzzy Hangout, Drives Billions To Chinese Startup

Clubhouse, Elon Musk's Buzzy Hangout, Drives Billions To Chinese Startup

Zheping Huang and Ellen Huet, Bloomberg | Friday February 12, 2021

Agora has soared more than 150% since mid-January when online chatter began to circulate about how it powers the world's hottest new social media forum

Aditya Mittal, New Chairman And CEO Of ArcelorMittal

Aditya Mittal, New Chairman And CEO Of ArcelorMittal

Edited by Peter Noronha | Thursday February 11, 2021

The 45-year-old Aditya Mittal is currently the chief financial officer of the company and also heads the companys European business

ArcelorMittal Names Aditya Mittal CEO, Resumes Dividend Payouts

ArcelorMittal Names Aditya Mittal CEO, Resumes Dividend Payouts

Eddie Spence, Bloomberg | Thursday February 11, 2021

The new CEO is the son of the founder of the steelmaking giant, Lakshmi Mittal, 70, who takes on the role of executive chairman

TCS Launches Business Unit with Amazon Web Services; Stock Edges Lower

TCS Launches Business Unit with Amazon Web Services; Stock Edges Lower

Edited by Peter Noronha | Thursday February 11, 2021

TCS AWS business unit is a full-stack, multidisciplinary group that offers enterprise customers end-to-end services and solutions around cloud migration, application and data modernization

BPCL To Buy Out Oman Oil's Stake In Bina Refinery

BPCL To Buy Out Oman Oil's Stake In Bina Refinery

Edited by Peter Noronha | Thursday February 11, 2021

BPCL has a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh