This, despite squeeze in start-up funding; $946 mn Bharti Infratel deal is biggest so far this year
The corporate affairs ministry has asked its field officers to expedite the inspection of the books of Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the regional director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.
The country's leading cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in its Chennai-based rival India Cements Ltd, in a deal estimated to be around Rs 1,885 crore. As part of the transaction, UltraTech Cement will acquire 7.06 crores equity shares of India Cements at a price of up to Rs 267 per share, according to a regulatory filing from the Aditya Birla Group flagship firm.
The Board of Control for Cricket in India awarded the title sponsorship for all international series and the domestic tournaments in India for the year 2013-14 to Star Private Ltd. and ESPN at the base price of Rs two crore per fixture, considerably low compared to their previous deal with Airtel on Thursday.
GMR Infrastructure has awarded the contract for managing the automated parking management system at Hyderabad Airport to Malaysia-based Tenaga Group.
The US carmaker's entry into India is expected by the last quarter of the current financial year.
In its FIR filed recently, the CBI has named Khattar and his company Carnation Auto India Limited for allegedly causing a loss of Rs 110 crore to Punjab National Bank.
The company, which has been selling mining trucks in collaboration with Larsen & Toubro since 2007-08, has formed an Indian arm, Scania Commercial Vehicles India Pvt Ltd.
Murdoch may re-enter space after non-compete period lapses, ABP to control three news channels of MCCS
For Facebook CEO Mark Zuckerberg, who visited the country for the first time in October, India might be one of his "priority markets".
The workers of the two-year-old bus plant are demanding confirmation of temporary employees and reinstatement of those who were suspended in April this year, in addition to wage hike.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
We propose an expert group be set up to form a national strategy on digital fraud. This group would bring together skills in financial regulation, security economics, cyber defence, and public communications, and an understanding of the Indian financial and security systems. It should lay the foundations of a coordinated approach by the Indian State in fighting digital fraud, suggest Ajay Shah and Nandkumar Saravade.
Carma International India Pvt Ltd is looking for Research Analysts.
The Oragadam facility is being set up by Nissan along with its joint venture partner Renault with an investment of Rs 4,500 crore spread over seven years.
Nine years after parting ways, Prannoy Roy and Rupert Murdoch are again coming together for a unique airtime sale and marketing alliance.
Infineon Technologies India Pvt Ltd has plans to double its headcount at its Bangalore centre to about 400 this year, a top company executive said in Bangalore on Tuesday.
Pagepoint Services India Pvt Ltd is recruiting 200 customer care associates and business development executives.
The fate of the $10 billion merger between Zee Entertainment Enterprises and Culver Max Entertainment, formerly Sony Pictures Networks India, is hanging by a thread, with the two parties unable to finalise an agreement as the end of the one-month grace period looms. The two parties are yet to come to an agreement over Zee Entertainment Enterprises Ltd (ZEEL) MD and CEO Punit Goenka leading the merged entity after Sony expressed concerns after market regulator Sebi barred him from holding managerial posts in Zee and any of the entities in a fund-diversion case.
Microsoft will extend cash grant of $1,08,000 each to MS Swaminathan Research Foundation and Datamation Foundation Charitable Trust for setting up community technology learning centres in India.
The proposed initial public offering of Gammon Infrastructure Projects is unlikely to face any regulatory hurdle following the recent Securities and Exchange Board of India's order.
An interview with Kekoo Colah, executive director of Knight Frank (India) Pvt Ltd.
It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24, but Reliance said the company is not a subsidiary of any Reliance entity.
Microsoft India Pvt Ltd would make available its office suites, including Office 2003 and Windows 2003, in all 14 Indian official languages in the next three years
Levi Strauss (India) Pvt Ltd, the wholly owned subsidiary of jeans manufacturer Levi Strauss & Co, San Francisco, is planning to have 200 exclusive outlets throughout the country for its newly launched 'Signature' brand of jeans.
Inching closer to launch its operations, new no-frill carrier AirAsia India on Saturday took delivery of its first Airbus A-320 as it landed in Chennai after flying in from Toulouse headquarters of the European aircraft manufacturer.
In a significant move, the Cabinet Committee on Security (CCS) has accorded approval for the procurement of more than 200 BrahMos supersonic cruise missiles and associated equipment for the Indian Navy at a cost of around Rs 19,000 crore, people familiar with the matter said on Thursday.
Competition Commission of India (CCI) has issued a show cause notice to the parties with respect to the proposed merger of Tata Group airlines Vistara and Air India, according to a source. The fair trade watchdog issues notice asking why an investigation should not be initiated only after forming a prima-facie opinion that the deal could adversely impact competition in the marketplace. Vistara and Air India are the two full-service carriers that are part of the Tata Group, and Singapore Airlines holds a 49 per cent stake in Vistara.
Radio City 91 FM, an FM radio station jointly promoted by Music Broadcast Private Ltd and STAR TV, hopes to break even in next two years time, provided there is a slash in the FM radio broadcaster licensing fee.
According to IRDAI, Marsh India had held the premium received from the clients in an Insurance Bank Account for more than 15 days and did not remit the premium to the insurer/reinsurer within the time limit of 15 days.
Udaan, India's largest business-to-business (B2B) e-commerce company, has received approval from the National Company Law Tribunal (NCLT) for its internal corporate restructuring plan, according to sources. By consolidating into a single entity, the restructuring will enhance Udaan's agility and pave the way for various financing options, including the ability to pursue an initial public offering (IPO) in India by 2026, according to people familiar with the matter.
CA Computer Associates India Pvt Ltd, which has an approval for setting up an infotech SEZ in Ranga Reddy district of Andhra Pradesh, has informed the commerce ministry that it is withdrawing its application.
ZEE Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India on Tuesday said they have settled their six-month-long dispute related to the failed $10-billion merger and have agreed to withdraw all claims against each other. As part of the "comprehensive non-cash settlement" between ZEEL and Culver Max Entertainment Pvt Ltd (CMEPL), both "have mutually agreed to withdraw all respective claims against each other, in the ongoing arbitration at the SIAC and all related legal proceedings initiated in the NCLT and other forums," said a joint statement.
The recent helicopter crash near Kedarnath, in which seven lives were lost, has proven yet again that aviation regulatory authorities have not learnt lessons from similar air mishaps in the challenging Kedar valley and have done little to improve flying conditions.
The chargesheet names 14 accused, including the Congress leader's son Karti Chidambaram, Peter Mukherjea and Indrani Mukerjea.
