New Delhi: Kishore Biyani, Future Coupons and Future Corporate Resources have said that totally disillusioned and fed up with Amazon's lackadaisical attitude, they were left with no option but to accept the offer from Reliance.This communication to Amazon is a response to their notices and addressed...
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New Delhi: The Union Government is considering several policy measures for the Indian banking sector, including setting up of a bad bank and privatisation of few state-run banks.A bad bank is a bank set up to buy the bad loans and other illiquid holdings of another financial institution. Even though...
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New Delhi: Hemisphere Properties, the company demerged with the surplus land of VSNL (now Tata Communications Ltd), has announced that the value of its land parcels which can be monetised is to the tune of Rs 19,000 crore based on current circle rate prices.At its annual general meeting held on Tues...
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New Delhi: A Delhi High Court verdict clearly shows that the Future Retail Limited (FRL) board resolution of selling out to Reliance has been found to be fine and it is therefore aligned to the company law and other relevant provisions.The takeaway from the verdict is that it seems there are no impe...
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Bengaluru: Global software major Wipro on Tuesday announced that its is taking over the IT operations of German food services firm Metro AG in a $700 million (Rs 5,171 crore) deal."As a part of the transaction, Wipro will take over the IT units of Metro AG - Metro-Nom - in Germany and Metro Systems ...
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New Delhi: The employees of debt-laden Air India seem to have promised themselves of bringing the ailing national air carrier to life. A group of 209 employees from Air India have reportedly bid for managing the national carrier. Each employee is expected to contribute Rs 1 lakh for the bid. T...
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New Delhi: Power equipment maker Senvion GmbH has entered into contractual agreements to sell 100 per cent of its Indian operations, Senvion India, to Dubai-based fund GREDHCL (Global Renewable Energy Development Holding Company Limited).Senvion had previously ringfenced the Senvion India business, ...
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New Delhi: 63 moons technologies on Friday said it would challenge the SEBI order, which rejected its renewal application for providing STP Gate Services, and take appropriate legal action in the higher judiciary forum.Expressing disbelief at the SEBI order rejecting the approval for providing STP G...
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Bengaluru: Leading MSME lender Vistaar Finance on Tuesday said that it has raised $30 million (approximately Rs 221 crore) External Commercial Borrowing (ECB) from the Dutch entrepreneurial development bank FMO.This is the second line of funding from FMO to Bengaluru-based Vistaar which has now rais...
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It’s one thing to talk about how plastic is environmentally degrading and the other thing to remain in the business of sustainable plastic making significant returns. For UFlex Group, plastic is not a bad word, but a word that has epitomized its over three decades of existence. The desi firm w...
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