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Tuesday, December 28, 2021
Tamil Nadu, Tamil Nadu news, Foxconn, Chennai, Chennai news, Business news, Indian ExpressTamil Nadu, Tamil Nadu news, Foxconn, Chennai, Chennai news, Business news, Indian Express

Improve amenities for staff: Tamil Nadu tells Foxconn

December 26, 2021 6:15:01 am

🔴 A TN government statement issued in this regard said Foxconn assured that it will urge their contractors to provide quality food for all its 15,000 employees.

Lavasa Corporation, Darwin Platform, Lavasa Hill City project, Hindustan Construction Company HCC, NCLT National Company Law Tribunal, business news, indian expressLavasa Corporation, Darwin Platform, Lavasa Hill City project, Hindustan Construction Company HCC, NCLT National Company Law Tribunal, business news, indian express

Darwin Platform wins Lavasa city bid for Rs 1,814 crore

December 25, 2021 4:42:27 am

🔴 Lavasa Hill City project was planned by Hindustan Construction Company (HCC) in 2000. It was admitted for insolvency by the National Company Law Tribunal in August 2018.

Neelachal Ispat Nigam Limited NINL, disinvestment, company disinvestment, Industrial Promotion and Investment Corporation of Odisha and Odisha Mining Corporation, business news, Indian express, current affairsNeelachal Ispat Nigam Limited NINL, disinvestment, company disinvestment, Industrial Promotion and Investment Corporation of Odisha and Odisha Mining Corporation, business news, Indian express, current affairs

NINL privatisation: Financial bids received

December 24, 2021 3:31:34 am

🔴 The Centre is planning to divest 93.7 per cent stake held by four central public sector enterprises and two Odisha government companies. CPSEs MMTC and NMDC own 49.78%,, and 10.10% in NINL, respectively.

HSBC, HSBC Asset Management, L&T Finance Holdings, mutual funds, L&T Mutual Fund, Business news, Indian express, Current affairsHSBC, HSBC Asset Management, L&T Finance Holdings, mutual funds, L&T Mutual Fund, Business news, Indian express, Current affairs

HSBC to buy L&T Mutual Fund for around Rs 3,200 crore

December 24, 2021 3:11:28 am

🔴 Both the companies have entered into a definitive agreement whereby HSBC AMC will acquire 100 per cent equity shares of L&T Investment Management Ltd, a wholly owned subsidiary of L&T Finance Holdings.

Amazon sues ED in latest twist of Future Group battle

December 23, 2021 2:26:49 pm

In an 816-page filing, seen by Reuters, Amazon calls the investigation a "fishing and roving" inquiry, saying the ED had sought privileged legal advice and opinions from Amazon and other information not connected to the Future Group deal.

ZEEL, Sony seal deal to merge

December 23, 2021 12:20:47 am

The combined entity, nearly 51% owned by Sony Pictures Networks India (SPNI), will own popular channels such as Sony MAX and Zee TV, along with streaming platforms ZEE5 and SonyLIV, as part of the deal.

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Kia unveils three-row MPV Carens in India: Features, specs and more details

December 16, 2021 4:12:59 pm

The new Kia Carens is the fourth offering by the South Korean automaker in the Indian car market.

Tata doubles down on beauty business as startups blaze the trail

December 15, 2021 6:16:20 pm

Beauty products will be “a key focus for us” from now on along with footwear and underwear, Noel Tata, non-executive chairman of Trent Ltd., a Tata Group unit operating a chain of retail stores, said in an interview at his office in Mumbai.

Manish Maheshwari Ghaziabad video Supreme Court twitter caseManish Maheshwari Ghaziabad video Supreme Court twitter case

Former Twitter India head Manish Maheshwari quits co to join education venture

December 15, 2021 1:42:03 pm

Maheshwari, who had been transferred to the US in August this year, shared the development on a tweet.

Elon Musk says Tesla will accept dogecoin for merchandise

December 14, 2021 4:46:50 pm

Dogecoin jumped 24% to $0.195 following the news.

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Mukesh Ambani looking to buy bankrupt textile firm Sintext Industries

December 14, 2021 12:03:28 pm

The move by Ambani, whose companies this year purchased intellectual property rights to use the iconic Lee Cooper brand in India and stakes in high-end fashion brands run by stylists to some of Bollywood’s biggest stars, is only the second time Reliance has shown interest in an insolvent company.

Shut down Pegasus, sell entire company: Stressed Israeli company NSO weighing its options, says report

December 15, 2021 5:12:20 am

🔴 The shutting down of the Pegasus unit could decrease the value of NSO as a company as the unit accounts for “about half of NSO’s revenue”, the report said.

Three Shriram group companies to merge

December 14, 2021 1:32:59 am

The merged entity, to be known as Shriram Finance Ltd, will be the largest retail finance NBFC in the country

Paytm IPO, Paytm IPO share allotmentPaytm IPO, Paytm IPO share allotment

Paytm GMV more than doubles to Rs 1.66 lakh crore in Oct-Nov 2021 period

December 13, 2021 11:57:30 am

Paytm refers to GMV as the value of total payments made to merchants through transactions on its app, through Paytm payment instruments or through its payment solutions, over a period. It excludes any consumer-to-consumer payment services such as money transfers.

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Coonoor crash: Insurers settle claims in ‘shortest possible time’

December 13, 2021 3:30:23 am

🔴 Chennai-based UII has settled group personal accident (GPA) claims of deceased defence officials, including General Rawat and others, while NIA paid the claim of Brigadier Ladder at the shortest possible time, officials said.

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‘PV sales dip 19% in November as chip shortage hits festive demand’

December 11, 2021 3:24:06 am

🔴 Wholesale despatches across categories last month declined 32 per cent year-on-year (y-o-y) to 12,88,759 units. PV wholesales declined 19 per cent at 2,15,626 units.

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Videocon resolution: DoT moves NCLAT

December 11, 2021 3:13:31 am

🔴 The DoT, in its petition, has requested the appellate tribunal to set aside the order passed by the Mumbai bench of the NCLT on June 8, 2021 allowing the Rs 2,962-crore takeover bid by Anil Agarwal’s Twin Star Technologies

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RBI allows LIC to hold 9.99% stake in IndusInd Bank

December 11, 2021 1:37:30 am

🔴 This will be subject to compliance with the Master Direction on ‘’prior approval for acquisition of shares or voting rights in private sector banks’’ Master Direction on ‘’Ownership in Private Sector Banks’’, the bank said.

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Elon Musk says he is ‘thinking of’ quitting his jobs

December 10, 2021 12:03:21 pm

It was not immediately clear if Musk, a prolific user of the social media platform, was being serious about quitting his roles.

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RCF: Authum resolution plan gets debenture holders nod

December 10, 2021 9:55:57 am

The plan — initially approved by the inter-creditor agreement (ICA) lenders on July 15 this year — was subject to the approval of non-ICA lenders.

Hyundai to expand its electric vehicle line-up in India, introduce 6 EVs by 2028

December 8, 2021 4:52:17 pm

Hyundai Motor India (HMI) said that its line-up of six electric vehicles will cater to multiple segments including mass market and mass premium segments in the country.

Amazon-Future case: Supreme Court displeased over submission of documents; to hear Future group plea on Jan 11

December 8, 2021 3:08:18 pm

A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli, which had earlier sought small written submissions from parties to the litigation in place of “truckload” of bulky documents, again expressed displeasure on Wednesday over the written notes submitted by Future Group.

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Mukesh Ambani pitches for 5G rollout, affordability

December 8, 2021 12:04:06 pm

Speaking at the India Mobile Congress, he said India must complete the migration from 2G to 4G and 5G at the earliest.

Reliance Capital: NCLT admits RBI plea to start insolvency proceedings

December 7, 2021 3:30:14 am

The NCLT’s Mumbai bench also confirmed the appointment of Y Nageswar Rao as the administrator of the company.

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Maruti: Long wait period due to chip shortage can negatively impact demand

December 6, 2021 4:46:32 am

🔴 The company currently has a pending order of around 2.5 lakh units with demand in the market continuing to be buoyant, while its production was over 80 per cent of normal in November.

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