Scrap Companies In India
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India Ramps Up Heat On Turkey, Mumbai Civic Body Junks Key Tender
The Mumbai civic body has scrapped a key tender to buy beach safety equipment from a Turkish company as the government continues to ramp up heat on Turkey for siding with Pakistan during Operation Sindoor.
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After Bumper Profits, Centre Scraps Rs 30,000 Crore Capital Support To Oil Firms
The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented today
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Sony Scraps $10 Billion Merger With Zee Entertainment, Setting Stage for Legal Row
Japan's Sony Group scrapped plans on Monday for a $10 billion (roughly Rs. 83,098 crore) merger of its Indian unit with Zee Entertainment, ending a deal that could have created one of the South Asian nation's biggest TV broadcasters.
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Indian-Origin Director In Singapore Fined For Faking Export Statements
An Indian-origin former director of a company, which exports scraps to India, was fined SGD 558,000 for faking statements on the export of some SGD 9.72 million worth of goods, to benefit from preferential tariff treatment.
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Bharat Biotech Ends Brazil Agreement With 2 Firms Amid Political Row
Drugmaker Bharat Biotech on Friday said it has scrapped agreements with two Brazilian companies amid controversy over a $324 million deal between the South American country and Bharat Biotech for the import of 20 million doses of Covaxin.
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SBI Union, Others Urge Central Bank to Scrap Digital Payments Plan, Letter Shows
A union representing the largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters that privatisation could compromise data safety.
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Hope Of Rescuing Viraat Fades, Nearly Impossible Terms For Transfer
The Gujarat-based company which intends to break-up the former Navy carrier Viraat for scrap continues to offer a sliver of hope for a rescue plan that involves its transfer to Envitech Marine Consultants Private Limited which intends to convert the warship into a maritime museum.
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Skoda Volkswagen's Plea To Scrap Case Over Alleged Cheat Device Dismissed By Supreme Court
The Supreme Court today dismissed a plea by Skoda Auto Volkswagen India, challenging an FIR registered in Uttar Pradesh by a customer over the alleged use of "cheat device" in its diesel car by the company to manipulate emission norms.
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To Save Aircraft Carrier Viraat From Being Broken Up, Petition In Court
The battle to save the decommissioned Indian Navy carrier, Viraat, from being broken up for scrap has reached the Bombay High Court, with a Mumbai-based company filing a petition that will be heard on November 3. The vessel was towed into the shipyards of Gujarat's Alang in September amid efforts to convert it into a maritime museum.
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Mahindra Is Making Deeper Inroads Into The ELV Business
Last year Mahindra had collaborated with Metal Scrap Trade Corporation Limited (MSTC) to explore a new business opportunity. The Indian UV maker had set up a vehicle recycling centre in Noida- CERO, to dismantle end-of-life vehicles (ELVs) or vehicles which are 15 years or older. Interestingly, Mahindra has sighted strong potential in the business ...
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Amid Clashes, Arunachal Pradesh Scraps Permanent Residency Move: 10 Facts
After three days of protests, vandalism, arson and the loss of a life, the BJP-led government of Arunachal Pradesh today scrapped the plan to give permanent resident status to six tribes and Gorkhas who don't belong to the state. The announcement came after daylong protests during which Deputy Chief Minister Chowna Mein's private house was torched ...
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Divorce Is On, Tej Pratap Yadav Tells Family Court In Patna
A day-long buzz that Tej Pratap Yadav has scrapped his plan to divorce his wife of six months proved baseless on Thursday, as the elder son of veteran Bihar leader Lalu Yadav told a family court in Patna that he stands by the decision to part company with her.
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"36 Rafale Jets 9 Per Cent Cheaper," Says Dassault CEO Amid Row Over Deal
Diving into the political back-and-forth in India over the Rafale jet deal, French plane-maker Dassault today put out a detailed rebuttal of Rahul Gandhi's allegations of "lies" and corruption in its tie-up with companies in Anil Ambani's Reliance Group for offset contracts.
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Ramdev's Patanjali To Shift Food Park From UP, Blames Yogi Adityanath
Yoga guru Baba Ramdev's Patanjali Ayurved on Tuesday took a swipe at Chief Minister Yogi Adityanath as it threatened to scrap plans to set up a mega food park along the Yamuna Expressway in Uttar Pradesh. Acharya Balkrishna said the company hadn't been able to complete the formalities needed to qualify for the centre's food park scheme because the ...
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US Junks "Net Neutrality", What It Means For Internet In India: 10 Points
The US Federal Communications Commission or FCC voted on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, sending chilling waves across cyberspace that are likely to wash up on Indian shores too. Championed by FCC Chairman Ajit Pai, an Indian-American Donald Trump loyalist, the scrapping of "net neutrality" marked ...
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India Ramps Up Heat On Turkey, Mumbai Civic Body Junks Key Tender
The Mumbai civic body has scrapped a key tender to buy beach safety equipment from a Turkish company as the government continues to ramp up heat on Turkey for siding with Pakistan during Operation Sindoor.
-
After Bumper Profits, Centre Scraps Rs 30,000 Crore Capital Support To Oil Firms
The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented today
-
Sony Scraps $10 Billion Merger With Zee Entertainment, Setting Stage for Legal Row
Japan's Sony Group scrapped plans on Monday for a $10 billion (roughly Rs. 83,098 crore) merger of its Indian unit with Zee Entertainment, ending a deal that could have created one of the South Asian nation's biggest TV broadcasters.
-
Indian-Origin Director In Singapore Fined For Faking Export Statements
An Indian-origin former director of a company, which exports scraps to India, was fined SGD 558,000 for faking statements on the export of some SGD 9.72 million worth of goods, to benefit from preferential tariff treatment.
-
Bharat Biotech Ends Brazil Agreement With 2 Firms Amid Political Row
Drugmaker Bharat Biotech on Friday said it has scrapped agreements with two Brazilian companies amid controversy over a $324 million deal between the South American country and Bharat Biotech for the import of 20 million doses of Covaxin.
-
SBI Union, Others Urge Central Bank to Scrap Digital Payments Plan, Letter Shows
A union representing the largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters that privatisation could compromise data safety.
-
Hope Of Rescuing Viraat Fades, Nearly Impossible Terms For Transfer
The Gujarat-based company which intends to break-up the former Navy carrier Viraat for scrap continues to offer a sliver of hope for a rescue plan that involves its transfer to Envitech Marine Consultants Private Limited which intends to convert the warship into a maritime museum.
-
Skoda Volkswagen's Plea To Scrap Case Over Alleged Cheat Device Dismissed By Supreme Court
The Supreme Court today dismissed a plea by Skoda Auto Volkswagen India, challenging an FIR registered in Uttar Pradesh by a customer over the alleged use of "cheat device" in its diesel car by the company to manipulate emission norms.
-
To Save Aircraft Carrier Viraat From Being Broken Up, Petition In Court
The battle to save the decommissioned Indian Navy carrier, Viraat, from being broken up for scrap has reached the Bombay High Court, with a Mumbai-based company filing a petition that will be heard on November 3. The vessel was towed into the shipyards of Gujarat's Alang in September amid efforts to convert it into a maritime museum.
-
Mahindra Is Making Deeper Inroads Into The ELV Business
Last year Mahindra had collaborated with Metal Scrap Trade Corporation Limited (MSTC) to explore a new business opportunity. The Indian UV maker had set up a vehicle recycling centre in Noida- CERO, to dismantle end-of-life vehicles (ELVs) or vehicles which are 15 years or older. Interestingly, Mahindra has sighted strong potential in the business ...
-
Amid Clashes, Arunachal Pradesh Scraps Permanent Residency Move: 10 Facts
After three days of protests, vandalism, arson and the loss of a life, the BJP-led government of Arunachal Pradesh today scrapped the plan to give permanent resident status to six tribes and Gorkhas who don't belong to the state. The announcement came after daylong protests during which Deputy Chief Minister Chowna Mein's private house was torched ...
-
Divorce Is On, Tej Pratap Yadav Tells Family Court In Patna
A day-long buzz that Tej Pratap Yadav has scrapped his plan to divorce his wife of six months proved baseless on Thursday, as the elder son of veteran Bihar leader Lalu Yadav told a family court in Patna that he stands by the decision to part company with her.
-
"36 Rafale Jets 9 Per Cent Cheaper," Says Dassault CEO Amid Row Over Deal
Diving into the political back-and-forth in India over the Rafale jet deal, French plane-maker Dassault today put out a detailed rebuttal of Rahul Gandhi's allegations of "lies" and corruption in its tie-up with companies in Anil Ambani's Reliance Group for offset contracts.
-
Ramdev's Patanjali To Shift Food Park From UP, Blames Yogi Adityanath
Yoga guru Baba Ramdev's Patanjali Ayurved on Tuesday took a swipe at Chief Minister Yogi Adityanath as it threatened to scrap plans to set up a mega food park along the Yamuna Expressway in Uttar Pradesh. Acharya Balkrishna said the company hadn't been able to complete the formalities needed to qualify for the centre's food park scheme because the ...
-
US Junks "Net Neutrality", What It Means For Internet In India: 10 Points
The US Federal Communications Commission or FCC voted on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, sending chilling waves across cyberspace that are likely to wash up on Indian shores too. Championed by FCC Chairman Ajit Pai, an Indian-American Donald Trump loyalist, the scrapping of "net neutrality" marked ...
