Page 3 - Company

Suzlon Energy looks to pare debt by Rs 583.5 crore after rights issue

Targets repaying remaining debt in eight years; Rs 1,200 crore opened on Tuesday

Ministry of Corporate Affairs improves the ease of running a company

Over the past two years the government has moved to decriminalise key provisions and simplified statutory requirements in the Companies Act

WPP acquires remaining 26% stake in MediaCom from Balsara family

Deal size not known immediately, marks the exit of the Balsaras from the agency

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

Ola group drives back on layoff plan for nearly 200 engineers, for now

Overall, the company at a group level has a workforce of around 10,000 people

Edtech major Byju's Rs 1,500-cr payment to Blackstone by September-end

The most-valued edtech start-up made headlines earlier this month after its FY21 numbers received an unqualified report from the company's auditor, Deloitte Haskins & Sells

Ford India, Unions reach final severance deal for Chennai unit employees

Company will revise final severance pay to 140 days of gross wages per completed year of service, compared with 130 days earlier. A one-time lump sum of Rs 1,50,000 will be paid as well

Sula Vineyards eyes double-digit revenue growth in next five years

The company has filed its draft prospectus with Sebi and is awaiting approval for its IPO

IBBI fixes timelines for the liquidation process to reduce delays

If any claim is not filed during the liquidation process, the amount of claim collated during CIRP should be verified by the liquidator

How RIL quietly reinvented its investment strategy to meet new goals

Nowhere in sight two years ago, the energy vertical now accounts for over a fourth of RIL's $6.4 bn war chest while telecom's share in dipping and retail has clearly become a laggard

Future Supply Chains calls off sale of warehouse assets over approval delay

Company will consider other opportunities for rehabilitation of business ops

Tatas to invest $90 bn in India in 5 years; focus on new industries

The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money

With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks

The FY21 revenue figure of Rs 2,428 cr is similar to the revenue figure of Rs 2,434 cr in the previous year, though the difference is that the bottom line in 2019-20 showed a profit of Rs 51 cr

Moonlighting not ethical: IBM India's Patel joins IT industry debate

Wipro's leader Rishad Premji and Infosys have warned against practice before

American Express India appoints Sanjay Khanna as chief executive officer

In his new role, Sanjay Khanna will be leading several business development initiatives for American Express, while steering collaboration across its diverse businesses in India

Nayara Energy seeks Centre's approval on independent directors' pay

The company said the remuneration proposed to be paid to the independent directors is comparable with the remuneration being paid for similar assignments in the industry

Ford India offers final severance package for Chennai unit employees

It is on average equivalent to 130 days of gross wages per completed year of service, firm says

Simpolo raises $66 million from Motilal Oswal and India SME-managed fund

Simpolo group said that it would aim to use the funds to increase the market share and grow penetration in the market, both domestic and international

Reckitt CEO resign on personal grounds; Durante to hold fort in interim

"The chairman and the nomination committee have begun the process to identify the best long-term candidate to take Reckitt on the next phase of its growth and transformation journey," the company said

Ashok Leyland bags order for supplying 1,400 school buses in UAE

Indian company says deal win by distribution partners 'reaffirms faith' in its buses