The lawyer of Videocon Group promoter Venugopal Dhoot on Friday argued before the Bombay High Court that the industrialist's arrest in the ICICI Bank loan fraud case was unwarranted as he was cooperating with the probe. The Central Bureau of Investigation (CBI), on the other hand, claimed that he was trying to avoid probe. Dhoot, [...]
Shares of Infosys bounced back after declining in initial trade on Friday and were trading in the positive territory, a day after it announced its December quarter earnings. The stock, after making a positive beginning, declined 0.84 per cent to Rs 1,468 on the BSE. However, later it bounced back and climbed 0.74 per cent [...]
IT company HCL Tech has bagged a digital transformation deal from US-based toy manufacturing company and owner of children's and family entertainment franchises Mattel Inc, the company said on Thursday. Unde the deal, HCLTech will serve as Mattel's primary IT digital transformation partner for the next several years. HCL Tech will support Mattel's future direction [...]
IT company L&T Technology Services will acquire the Smart World & Communication (SWC) Business of its parent firm Larsen & Toubro Limited in an all-cash deal worth Rs 800 crore. Smart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the [...]
Godrej Properties on Friday said it has acquired a 60-acre land in Chennai to develop a residential project, as it seeks to expand business amid rise in housing demand. In a regulatory filing, the company informed that it has purchased the land on an outright basis in the micro market of Oragadam Junction, Chennai. The company [...]
State-owned REC Ltd will extend financial assistance worth Rs 21,086 crore to discoms in Madhya Pradesh, MP Power Management Company Ltd & Rewa Ultra Mega Solar project. REC has inked three separate pacts with MP Power Management Company Limited (MPPMCL), discoms in Madhya Pradesh and Rewa Ultra Mega Solar Ltd to this effect. An MoU [...]
The National Company Law Tribunal (NCLT) on Thursday asked insolvency-bound Reliance Capital's lenders and administrator to file a response by January 16 on Torrent Investments' plea to halt their plans to hold a fresh auction for better realisation. Torrent Investments -- one of the bidders for the Anil Ambani-promoted Reliance Capital -- has offered Rs [...]
Air India will launch 12 weekly flights to London Gatwick airport as well as operate additional services to London Heathrow airport from March, as the Tata group-owned airline strengthens its international network. The new and additional flights to the UK will start from March 26. "To Gatwick, Air India will operate a thrice-a-week service from [...]
After a sharp decline in initial public offer activities in 2022, Kotak Investment Banking on Thursday said it expects a 30 per cent jump in IPO issuances in 2023. Its head of equity capital markets, V Jayasankar told reporters that there is a strong pipeline of over USD 9 billion, which has been approved by [...]
Kamdhenu Ventures, the paints business of Kamdhenu Group, will be listed on the stock exchanges BSE and NSE later this month. The paints division was separated from the steel business of the group last year for better management focus and operational flexibility, its CMD Satish Agarwal said, citing reasons for the demerger. There are plans [...]