Corporates

Ex Amazon Vendor Says Competition Commission Illegally Detained Employees

Ex Amazon Vendor Says Competition Commission Illegally Detained Employees

Reuters | Friday June 10, 2022, NEW DELHI

A former top seller for Amazon in India, Cloudtail, has accused India's antitrust agency of illegally detaining its employees during a raid

Top Abu Dhabi Wealth Fund To Buy 20% Stake In IIFL Finance's Housing Loan Arm; Shares Jump 8%

Top Abu Dhabi Wealth Fund To Buy 20% Stake In IIFL Finance's Housing Loan Arm; Shares Jump 8%

Edited by Prashun Talukdar | Friday June 10, 2022, New Delhi

A wholly-owned arm of Abu Dhabi Investment Authority (ADIA) will invest Rs 2,200 crore for a 20 per cent stake in IIFL Home Finance.

Tesla Cancels June Hiring Events For China After Elon Musk's Job Cut Remark

Tesla Cancels June Hiring Events For China After Elon Musk's Job Cut Remark

Reuters | Friday June 10, 2022, Shanghai

Tesla Inc has cancelled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was "overstaffed" in some areas.

Welspun To Sell Six Road Project To Actis HIghway Infra For Rs 6,000 Crore

Welspun To Sell Six Road Project To Actis HIghway Infra For Rs 6,000 Crore

Press Trust of India | Thursday June 09, 2022, New Delhi

Infrastructure firm Welspun Enterprises on Thursday said it has executed definitive agreements with Actis Highway Infra to sell its portfolio of operating highway projects for an aggregate enterprise value (EV) of approximately Rs 6,000 crore.

Twitter Plans Shareholder Vote By August On Sale To Elon Musk

Twitter Plans Shareholder Vote By August On Sale To Elon Musk

Thursday June 09, 2022

Twitter Inc anticipates a shareholder vote on its $44 billion sale to Elon Musk could come by early August, as it continues to work constructively to complete the deal with the world's richest person, the social media company's top executives told employees on Wednesday.

Citing Impact On Dairy Farmers, Amul Urges Government To Delay Plastic Straw Ban

Citing Impact On Dairy Farmers, Amul Urges Government To Delay Plastic Straw Ban

Reuters | Thursday June 09, 2022, NEW DELHI

India's biggest dairy group Amul has written to the Government urging it to delay a planned ban on tiny plastic straws

Vedanta Pledges 5.77% Stake In Hindustan Zinc For Rs 8,000 Crore Term Loan

Vedanta Pledges 5.77% Stake In Hindustan Zinc For Rs 8,000 Crore Term Loan

Press Trust of India | Thursday June 09, 2022, New Delhi

Vedanta Ltd on Wednesday said it has pledged 5.77 per cent stake in Hindustan Zinc Ltd for a term loan of Rs 8,000 crore.

Reliance Capital Resolution Plan Submission Deadline May Get Extended

Reliance Capital Resolution Plan Submission Deadline May Get Extended

Press Trust of India | Wednesday June 08, 2022, New Delhi

Lenders to Reliance Capital may extend the last date for submission of bids for acquiring the debt-ridden financial services company till August 10

Edtech Startup PhysicsWallah Raises $100 Million

Edtech Startup PhysicsWallah Raises $100 Million

Edited by Animesh Singh | Wednesday June 08, 2022

Edtech startup PhysicsWallah has become a unicorn as it has raised $100 million through a series A funding round

SEBI Orders Attachment Of Rose Valley Hotels' Bank Accounts To Recover Investors' Dues

SEBI Orders Attachment Of Rose Valley Hotels' Bank Accounts To Recover Investors' Dues

Press Trust of India | Tuesday June 07, 2022, New Delhi

SEBI has ordered attachment of bank accounts as well as share and mutual fund holdings of Rose Valley Hotels and Entertainment Ltd

More Than 1.67 Lakh Companies Registered In 2021-22: Nirmala Sitharaman

More Than 1.67 Lakh Companies Registered In 2021-22: Nirmala Sitharaman

Reported by Himanshu Shekhar Mishra, Edited by Animesh Singh | Tuesday June 07, 2022

Finance Minister Nirmala Sitharaman on Tuesday said that Ministry of Corporate Affairs Ministry registered more than 1.67 lakh companies in 2021-22

Elon Musk Threatens To Call Off $44 Billion Acquisition Of Twitter

Elon Musk Threatens To Call Off $44 Billion Acquisition Of Twitter

Reuters | Monday June 06, 2022

Elon Musk may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts

NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10

NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10

Press Trust of India | Monday June 06, 2022, Mumbai

NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10

Looking At Green Mining Options, Says Coal India Chairman

Looking At Green Mining Options, Says Coal India Chairman

Press Trust of India | Monday June 06, 2022, New Delhi

Coal India Limited is looking at green mining options and enhancing production from its underground mines, which are favourable for cleaner ecosystem

Restaurants Can't Add Service Charge In Food Bills: Piyush Goyal

Restaurants Can't Add Service Charge In Food Bills: Piyush Goyal

Press Trust of India | Friday June 03, 2022, New Delhi

Food and Consumer Affairs Minister Piyush Goyal on Friday asserted that restaurants cannot add 'service charge' to the food bills, though customers at their discretion can give "tips" separately.