Page 2544 - Company News
Auto parts suppliers to see 70% fall in operating profit in Q1: Icra
The sector is taking a hit from disruptions caused by the second wave of Covid
 "Auto parts suppliers to see 70% fall in operating profit in Q1: Icra")
At Nissan's annual meeting, Carlos Ghosn looms even years after arrest
Nissan has posted two straight years of losses since executive was arrested on charges of financial misconduct.
 "At Nissan's annual meeting, Carlos Ghosn looms even years after arrest")
Firms' m-cap grew fastest in 2020 despite GDP contraction: SBI economists
Indian firms' market capitalisation grew at the fastest pace last year among major economies despite contraction in GDP, economists from SBI said, flagging the risks to financial stability it poses
 "Firms' m-cap grew fastest in 2020 despite GDP contraction: SBI economists")
Sun Pharma settles patent dispute with US-based Celgene Corporation
Pharma major Sun Pharmaceutical Industries Ltd. on Tuesday said it along with one of its subsidiaries have reached an agreement with Celgene Corporation (Celgene) to resolve a patent litigation.
 "Sun Pharma settles patent dispute with US-based Celgene Corporation")
Amazon may lose its logistics business under US antitrust legislation
Democrat Pramila Jayapal proposes company be barred from luring sellers to use its logistics services in exchange for preferential treatment on it web store.
 "Amazon may lose its logistics business under US antitrust legislation")
India plans tighter e-commerce rules amid complaints over Amazon, Flipkart
India proposed banning flash sales on e-commerce websites and said their affiliate entities shouldn't be listed as sellers on their platforms, in a proposed tightening that could hit Amazon, Flipkart
 "India plans tighter e-commerce rules amid complaints over Amazon, Flipkart")
Gates divorce casts harsh glare on trusted $170 billion money manager
Michael Larson won the Microsoft founder's loyalty by delivering consistent returns, often making investments that didn't gel with his charitable endeavours.
 "Gates divorce casts harsh glare on trusted $170 billion money manager")
Don't take coercive action against Newsclick founder in PMLA case: HC to ED
The Delhi High Court on Monday directed the Enforcement Directorate (ED) not to take coercive action against news portal Newsclick and its editor-in-chief in connection with a money laundering case
 "Don't take coercive action against Newsclick founder in PMLA case: HC to ED")
Jaiprakash Associates posts 86.2% drop in net profit to Rs 424.41 crore
Jaiprakash Associates Ltd (JAL) on Monday reported a decline of 86.2 per cent in its consolidated net profit to Rs 424.41 crore for the fourth quarter ended March 31, 2021.
 "Jaiprakash Associates posts 86.2% drop in net profit to Rs 424.41 crore")
Asian Paints vice chairman Manish Choksi joins Bizongo Advisory board
Bizongo, a B2B platform for unbranded goods, on Monday said it has created an advisory board and onboarded Asian Paints Vice Chairman Manish Choksi to the panel.
 "Asian Paints vice chairman Manish Choksi joins Bizongo Advisory board")
Grofers to raise tech team pay by 33%, promises hefty ESOP allocation
Grofers on Monday said it will offer a 33 per cent hike in salary to its tech team effective July, along with a "hefty ESOP allocation" as the online grocery delivery platform looks to retain staff and woo more tech talent.
 "Grofers to raise tech team pay by 33%, promises hefty ESOP allocation")
Facebook, WhatsApp urge Delhi HC to stay CCI notice in privacy matter
A vacation bench of Justices Anup Jairam Bhambhani and Jasmeet Singh said it will pass an order on the application
 "Facebook, WhatsApp urge Delhi HC to stay CCI notice in privacy matter")
Walmart's Flipkart tells court it offers lower fee if sellers cut prices
Flipkart and Amazon are in a court battle against the CCI bid to restart an investigation into their business practices, after a judge in early June dismissed the companies' pleas.
 "Walmart's Flipkart tells court it offers lower fee if sellers cut prices")
NCLT to pass order on Kalrock-Jalan's plan for Jet Airways revival today
The airline suspended operations in April 2019 and is under insolvency for nearly two years
 "NCLT to pass order on Kalrock-Jalan's plan for Jet Airways revival today")
KKR pays Rs 4,600 cr for majority stake in FOGG brand owner Vini Cosmetics
Personal care company's founding members will continue to hold a stake in the business.
 "KKR pays Rs 4,600 cr for majority stake in FOGG brand owner Vini Cosmetics")
SAT allows vote on Carlyle's Rs 4,000-crore infusion in PNB Housing
Results not allowed to be disclosed; Tribunal allows Tuesday EGM to go ahead
 "SAT allows vote on Carlyle's Rs 4,000-crore infusion in PNB Housing")
Airtel announces partnership with Tata group for 5G network solutions
Based on open radio access network (ORAN) technology, the plan is to roll out the solution initially for India and subsequently for exports
 "Airtel announces partnership with Tata group for 5G network solutions")
Stiff compliance, flash sale ban in draft norms for e-commerce firms
Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies
 "Stiff compliance, flash sale ban in draft norms for e-commerce firms")
Adani Transmission seeks shareholders' approval to raise Rs 2,500 cr
Adani Transmission will seek shareholders nod to raise up to Rs 2,500 crore in one or more tranches through the issuance of equity shares, securities, debentures etc
 "Adani Transmission seeks shareholders' approval to raise Rs 2,500 cr")
Hong Kong's pro-democracy newspaper Apple Daily says it may shut down
Police last week arrested five top editors and executives of Apple Daily under the city's tough national security law on suspicion of foreign collusion
 "Hong Kong's pro-democracy newspaper Apple Daily says it may shut down")