Corporates

Elon Musk on Monday said he supported Jack Dorsey remaining as Twitter Inc's Chief Executive Officer, two days after reports that activist investor Elliott Management Corp has pushed for his removal from the role.

Stating that the current economic situation in India is not a worry for Coca-Cola, he said that 2020 has started well for the company, which has seen good growth.

Exports stood at 1,839 vehicles during the month, it added.

February Maruti Car Sales: Maruti Suzuki's sales fell 3.92 per cent in the "compact" segment, which comprises models WagonR, Swift, Celerio, Ignis, Baleno, Dzire and Tour S.

In an exchange filing, RIL said that in accordance with the approved resolution plan, Alok Industries has on Saturday allotted 83,33,33,333 equity shares of Re 1 each at a premium of Rs 2 per equity share for cash at a total consideration of Rs 250 crore to RIL.

The company said it calculated the liabilities on self-assessment basis till December 31, 2019 and the payment includes interest up to February 29, 2020.

Mr Ambani is restructuring Reliance Industries to facilitate the planned strategic investments in group businesses - Reliance Jio, Reliance Retail, refining and petrochemicals. The conglomerate aims to be a zero net debt company in 18 months and is in discussion to sell 20 per cent oil-to-chemicals business to Saudi Aramco, at an enterprise value of $75 billion. RIL became the first Indian company to hit the milestone of Rs 10 lakh crore market capitalisation.

The Trump administration has been persuading India to keep China's Huawei out of the India's 5G deployments. But the Indian government has allowed Huawei and ZTE to participate in 5G trials.

"LetsShave offers high-quality products and is a challenger brand in a space dominated by a single large player. They are a promising team and have the ability to understand consumer requirements, identify opportunities, and meet them in quick cycle time. This investment is in keeping with the company's strategy of leveraging emerging online opportunities addressed towards the millennial population," said Sumit Keshan, Managing Partner, Wipro Consumer - Venture.

Subhash Chandra and his group owned about 57 per cent of the education firm's shares as of the end of December, most of which are pledged, according to data from BSE Ltd.

Prior to joining Axis Bank, Puneet Sharma spent 12 years at Tata Capital as a senior management functionary and was the group chief financial officer since 2014.

Further, under the Expanded Stock Ownership Program 2019, six key management professionals will receive 1,69,000 performance stock units (PSU) and around 411 eligible employees will get 17,76,500 PSUs, with a vesting period of three years.

Although the bill allows the transfer of personal data outside India, while transferring "sensitive" personal data outside the country a copy will have to be kept in the country. Data processing or collecting entities will, however, be barred from transferring "critical" personal data outside the country.

Cipla Share Price: Cipla said it will work closely with the US Food and Drug Administration (FDA) to comprehensively address all the observations.

The firm, which operates its flagship travel site as well as Hotels.com, Hotwire, Travelocity, Cheaptickets, Egencia and CarRentals.com, said the decision was made after determining it had been "pursuing growth in an unhealthy and undisciplined way," according to an email sent to staff.