Corporates

Reliance Capital's Total Outstanding Debt Increases To Rs 20,380 Crore

Reliance Capital's Total Outstanding Debt Increases To Rs 20,380 Crore

Asian News International | Friday January 08, 2021

The total amount of outstanding borrowings from banks and financial institutions works out to Rs 700.76 crore, including accrued interest up to December 31, Reliance Capital said

Japan's Kirin To Invest $30 Million In Maker Of Craft Beer Bira

Japan's Kirin To Invest $30 Million In Maker Of Craft Beer Bira

Reuters | Monday January 04, 2021

The investment would allow Bira, which has posted losses in recent years and has been hit by the COVID-19 pandemic, to break even in the 2022 fiscal year which starts in April 2021, Mr Jain said.

Alibaba Group Founder Jack Ma Suspected To Be Missing For 2 Months: Reports

Alibaba Group Founder Jack Ma Suspected To Be Missing For 2 Months: Reports

Edited by Peter Noronha (with inputs from agencies) | Monday January 04, 2021

The Chinese regulators had earlier abruptly suspended Jack Ma-owned Ant's blockbuster $37 billion IPO in Shanghai and Hong Kong, which was touted as the world's biggest public offering

Coal India Capex Utilisation Exceeds Rs 8,000 Crore Till December

Coal India Capex Utilisation Exceeds Rs 8,000 Crore Till December

Press Trust of India | Monday January 04, 2021

The government has instructed the public sector companies to increase their capital expenses to boost the economy which was hit by the COVID-19 pandemic, a Coal India official said

Government Invites Initial Bids For 26% Stake In BEML

Government Invites Initial Bids For 26% Stake In BEML

Edited by Peter Noronha (with inputs from agencies) | Sunday January 03, 2021

The government holds just over 54 per cent in BEML and a cut in government's holding through stake sale will lead to transfer of management control to the successful bidder

Maruti Suzuki Domestic Sales Rose Nearly 18% In December

Maruti Suzuki Domestic Sales Rose Nearly 18% In December

Edited by Peter Noronha | Sunday January 03, 2021

The auto major's total sales grew by 20.2 per cent to 1,60,226 units in December 2020, compared to 1,33,296 units in the same month last year

COVID-19 Impact: Ford and M&M Call Off Automative Joint Venture

COVID-19 Impact: Ford and M&M Call Off Automative Joint Venture

Reuters | Friday January 01, 2021

The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to reassess their capital allocation priorities

M&M To Focus On Electric Vehicles After Ending Joint Venture Talks With Ford

M&M To Focus On Electric Vehicles After Ending Joint Venture Talks With Ford

Reuters | Friday January 01, 2021

Mahindra and Ford late on Thursday called off their automotive joint venture due to the COVID-19 pandemic, which prompted them to reassess their capital allocation priorities.

Ratan Tata, Chairman Emeritus Of Tata Sons, Turns 83

Ratan Tata, Chairman Emeritus Of Tata Sons, Turns 83

Agencies | Monday December 28, 2020

Mr Tata is the chairman of the Tata Trusts that are among India's oldest, non-sectarian philanthropic organisations that work in several areas of community development

China Pushes For Ant Group Overhaul In Latest Crackdown On Jack Ma

China Pushes For Ant Group Overhaul In Latest Crackdown On Jack Ma

Reuters | Monday December 28, 2020

China's central bank disclosed it had asked the country's payments giant Ant Group to shake up its lending and other consumer finance operations, the latest blow to its billionaire founder Jack Ma

Jack Ma's Alibaba Group Under Probe By China For Monopolistic Practices

Jack Ma's Alibaba Group Under Probe By China For Monopolistic Practices

Edited by Nirmalya Sen | Thursday December 24, 2020

The investigation is broadly viewed as a pushback by Chinas Communist Party against Internet giant Alibaba that has expanded its power and size at a fast clip

India Challenges Vodafone Arbitration Ruling In Singapore

India Challenges Vodafone Arbitration Ruling In Singapore

Edited by Peter Noronha | Thursday December 24, 2020

The international arbitration tribunal at the Hague had ruled that the Indian government's imposition of a tax liability on Vodafone was in breach of the investment treaty agreement between India and the Netherlands

Companies Hopeful Of Economic Recovery In 2021 But Guarded About Covid-19 Pandemic

Companies Hopeful Of Economic Recovery In 2021 But Guarded About Covid-19 Pandemic

Edited by Nirmalya Sen | Wednesday December 23, 2020

For the travel and tourism industry, the current year began on an ominous note and the lockdown brought all kinds of mobility to a standstill

India Asked To Pay $1.2 Billion To Cairn After Arbitration Loss

India Asked To Pay $1.2 Billion To Cairn After Arbitration Loss

Upmanyu Trivedi and Shruti Srivastava, Bloomberg | Wednesday December 23, 2020

An international arbitration tribunal ruled that the tax claim was not a valid demand and asked the government to repay the funds withheld along with interest to Cairn.

Had Once Reached Out To Apple For Acquiring Tesla: Elon Musk

Had Once Reached Out To Apple For Acquiring Tesla: Elon Musk

Edited by Nirmalya Sen | Wednesday December 23, 2020

Central to the company's strategy for auto production is a new battery design that could -radically- reduce the cost of batteries and increase the vehicle's range