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    1. Business News
    2. Authors
    3. rajesh kurup

    Rajesh Kurup

    Earlier in April, FRL’s lenders selected Vijaykumar Iyer, backed by Deloitte India, as the IRP for Kishore Biyani-led retail chain’s bankruptcy proceedings.
    Future Retail asks NCLT for a new RP

    The proposed IRP – Deloitte – is also an auditor for certain other Future Group companies, and hence a new…

    By Rajesh Kurup
    June 22, 2022 03:00 IST
    Apart from other resolutions — declaring of final dividend and re-appointment of non-independent directors — the company is also seeking reappointment of Syngle for five years from April 1, 2023, with a modified pay structure.
    IiAS, InGovern ask shareholders to vote against reappointment, salary of Asian Paints’ CEO & MD

    According to InGovern, the pay of MDs and CEOs should largely be performance-based to align their interest with company growth.

    By Rajesh Kurup
    June 22, 2022 00:15 IST
    The largest company by revenue, profit and market capitalisation — RIL — has been deploying over a trillion rupees as capex for the last two years.
    Highest in the past decade: Top 100 firms’ FY22 capex spends rise to Rs 4.65 trn

    This is also a 14% rise from Rs 4.08 trillion in FY21, after two years of successive decline posted by…

    By Rajesh Kurup
    June 21, 2022 05:30 IST
    The matter was already at Mumbai High Court in which single bench had passed an order against which now an appeal has been preferred before the Division bench of Mumbai High Court, the spokesperson said.
    Yes Bank vote: Dish TV promoter appeals single bench order in HC

    On Friday, a single judge bench of Bombay High Court had declined to provide an interim relief sought by World…

    By Rajesh Kurup
    June 21, 2022 02:15 IST
    piramal pic
    Demerger of Piramal’s business to completed by Oct-Dec quarter

    In October last year, Piramal Enterprises Ltd has approved the demerger of its pharmaceutical business – Piramal Pharma (PPL) via…

    By Rajesh Kurup
    Updated: June 17, 2022 16:32 IST
    This is the second extension for the completion of RCap’s resolution process. The earlier deadline, as per the Insolvency and Bankruptcy Code (IBC), to complete the process by June 3 was stretched by 90 days to September 2.
    Tepid response from prospective bidders: Reliance Capital lenders extend deadline for completion of resolution process

    The move follows a cold response from prospective bidders, even as certain bidders had sought “more time” to complete due…

    By Rajesh Kurup
    June 17, 2022 00:15 IST
    “While the corporate sector capitalised on the available supporting framework in terms of access to additional funds and lower interest costs, it has also been largely prudent in the intake of debt,” it added.
    Two years of pandemic: A tale of resilience, recovery for India Inc

    The services sector was supported by the Emergency Credit Line Guarantee Scheme that led to an increase in debt intake.…

    By Rajesh Kurup
    June 16, 2022 06:20 IST
    The roads are now clear for the 5G auctions.
    Higher 5G base price to widen telcos’ debt

    This, added to the existing payments of the operators, would result in the industry shelving out Rs 17,000 crore per…

    By Rajesh Kurup
    June 16, 2022 06:00 IST
    “Anticipation of a further price decline has kept the buyers on the sidelines both in India and abroad,” said Kalpesh Padhiar, an analyst in SteelMint.
    Analysts see steel prices dropping further on stagnant demand

    However, as a fall-out of the Russia-Ukraine war that started in late February, domestic steel prices started falling after reaching…

    By Surya Sarathi Ray
    June 16, 2022 01:15 IST
    On Tuesday, the anti-trust regulator, Competition Commission of India (CCI), approved Air India’s plans to acquire the remaining 16.33% stake held by its joint venture partner Malaysia's AirAsia Group.
    Air India gets CCI nod to buy entire AirAsia stake

    “The proposed combination relates to the acquisition of the entire equity share capital of AirAsia (India) by Air India (AIL),…

    By Rajesh Kurup
    June 15, 2022 04:00 IST
    This is in case the traveller is holding a valid ticket and has presented it on time, according to the Directorate General of Civil Aviation (DGCA), which reiterated existing rules, even as it fined Air India Rs 10 lakh for not adhering to the rule.
    Airlines to pay up to Rs 20,000 if denied boarding: DGCA

    Last month, after several complaints of airlines denying boarding to passengers with valid tickets, the DGCA had written to all…

    By Rajesh Kurup
    June 15, 2022 00:45 IST
    “The group has replied to IRDA’s earlier letter, expressing its willingness to bring down the stake within the given time frame. This needs to be adhered to only if Piramal Group is emerging as the winner. The group, which is serious in its bid, will comply with the regulations within the prescribed time frame,” a source close to the development said.
    Piramal offers to reduce stakes in competing insurance firms

    In its earlier letter, the regulator provided an option to Piramal Group to dispose of or bring down the stake…

    By Rajesh Kurup
    June 14, 2022 05:30 IST
    The Calcutta High Court ruled in favour of RInfra, following which DVC moved the apex court.
    DVC furnishes undertaking to pay Rs 898 crore to RInfra

    DVC later moved the court seeking an extension. The court, while granting the extension, directed DVC to make the deposits…

    By Rajesh Kurup
    June 14, 2022 02:15 IST
    Tata Motors on course to zero net debt by FY24: Chandrasekaran

    The company’s net auto debt, including leases, rose to `48,679 crore in FY22, from `40,876 crore in FY21 and `48,282…

    By Rajesh Kurup
    June 13, 2022 10:33 IST
    drones india post
    Drone segment gets off to a flying start in India

    Nearly five of the investments happened this year, with three in May and one in June.

    By Rajesh Kurup
    June 13, 2022 06:10 IST
    The team has bid for the Nasdaq-listed firm’s UK-based retail pharmacy chain Boots, valuing it at more than $6.3 billion, news agency Bloomberg reported, citing sources it didn’t identify.
    Boots buyout: Reliance Industries-Apollo make binding offer

    Walgreens has been seeking a valuation of about £7 billion ($8.8 billion) for Boots, the report added. However, earlier reports had…

    By Rajesh Kurup
    June 10, 2022 04:20 IST
    india inc capex plan
    Capex plans: India Inc will wait & watch

    The capacity utilisation, which rose from 72.4% recorded in the third quarter of FY22, is likely to rise further in…

    By Rajesh Kurup
    June 9, 2022 09:52 IST
    reliance capital
    Reliance Capital bid submission date may be extended

    Two prospective bidders, Piramal Enterprise and IndusInd Bank, have sought extension of the deadline as they needed more time to…

    By Rajesh Kurup
    June 9, 2022 08:23 IST
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    OpenAI CEO Sam Altman urges US to expand Chips Act tax credit for AI growth

    1 in 9 student suicides happen in India: New report reveals hidden mental health crisis in schools

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    ‘US market correction biggest risk’ for markets including India, says S Naren

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