The National Company Law Appellate Tribunal (NCLAT) has set aside an NCLT order to implead the Ministry of Corporate Affairs (MCA) as a party in all proceedings related to insolvency and company matters before it...
NCLAT’s resolution professional ruling: Several bankruptcy cases face delay
Fate of several insolvency cases, including EPC Constructions (earlier knows as Essar Projects), Videocon Industries and Metenere hang in balance. This is because the National Company Law Appellate Tribunal (NCLAT) had...
US court dismisses class action lawsuit filed against IT major Infosys
Infosys on Friday said a class-action lawsuit filed against the company and some of its employees in the US District Court has been dismissed. The move comes after whistleblower complaints alleging certain unethical...
CCI approves acquisition of Emami Cement by Nirma promoter Nuvoco Vista
Competition Commission of India (CCI) on Thursday said it has approved the proposed acquisition of Emami Cement by Nuvoco Vistas Corporation, which is a Nirma promoter group company. In February, Nuvoco Vistas —...
Covid-19: Infosys partners Rhode Island to launch contact tracing solution
Infosys is partnering with Rhode Island in launching a privacy-first contact tracing solution to help people and state officials slow the spread of coronavirus as part of the state’s effort to safely reopen...
Fintech start-up Lendingkart raises Rs 319 crore in series-D funding
Digital lender Lendingkart Technologies has raised around Rs 319 crore in equity as a part of its Series-D round to expand its lending base and upgrade its tech capabilities. The round was led by existing investors...
Reduce stake in insurance subsidiaries to 50% or below: RBI to HDFC
The Reserve Bank of India (RBI) has asked mortgage lender Housing Development Finance Corporation (HDFC) to pare stake in its insurance subsidiaries to 50 per cent or below. HDFC owns majority stake (more than 50 per...
Wabco, ZF Friedchshafen get merger clearance from Chinese regulator’s
Wabco Holdings Inc and ZF Friedrichshafen AG have announced that they received the regulatory clearance from Chinese State Administration for Market Regulation for the merger. Wabco India, which is part of Wabco...
DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%
Radhakishan S Damani, promoter of DMart chain of supermarkets, along with Gopikishan S Damani, has increased the stake in India Cements to 19.89 per cent as of the end of March quarter. Damani’s stake in the cement...
MakeMyTrip partners premium hotels to launch online delivery service
MakeMyTrip (MMT) said it has partnered with premium hotel chains and independent properties in select cities across India to roll out online gourmet delivery service. With dine-in experiences coming to a halt due to the...
Airbus exploring restructuring plans, job cuts due to Covid-19: Report
Airbus is exploring restructuring plans involving the possibility of “deep” job cuts as it braces for a prolonged coronavirus crisis after furloughing thousands of workers, industry sources said, though no...
JPMorgan to raise up to $3 billion for real estate credit opportunity fund
JPMorgan Chase & Co’s asset-management arm has launched a new fund to take advantage of dislocations in the public and private real estate credit markets, according to a person familiar with the matter. JPMorgan...
