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  • Industry News

    Future Retail may challenge order stalling deal with RIL

    Kishore Biyani-led Future Retail on Monday indicated that it may challenge the interim order, wherein a Singapore arbitration court has directed to hold its deal with Reliance Retail Ventures Ltd (RRVL).In a statement, Future Retail said that all the relevant agreements are governed by Indian law and provisions of the Indian Arbitration Act for all intents and purposes and "this...

    • 6 hrs ago
  • Industry News

    Yes Bank scales up Covid-related provisioning to Rs 1,918 Cr in Q2FY21

    Yes Bank has increased its covid-related provisioning to Rs 1,918 crore in the July-September quarter.In its investor presentation, the bank said that the total aggregate Covid-related provision is 1.15 per cent of the total advances and provides for potential slippages from the above exposures including potential interest reversals. In the July-September quarter, the bank...

    • yesterday
  • Industry News

    Cyberattack on Dr Reddy's Labs sharp reminder to strengthen digital infrastructure: Analysts

    The cyberattack on Dr Reddy's Labs came as a sharp reminder to strengthen its digital infrastructure and tighten cyber security control measures, according to analysts.According to a report by HSBC, damage control and restoration of operations is crucial. It said Dr Reddy's is a front runner among peers in terms of investing for digital...

    • yesterday
  • Industry News

    Biocon's regulatory affairs official fined for insider trading

    The Securities and Exchange Board of India (SEBI) has found an employee of Biocon Ltd guilty of violating norms prohibiting insider trading.It has imposed a penalty of Rs 3 lakh which the employee has to pay within 45 days.Vandana Singh, General Manager for Regulatory Affairs with the company, is also the "designated person", who would have unpublished price sensitive data....

    • yesterday
  • Industry News

    Vivifi India aims to expand credit reach with FlexPay

    Vivifi India Finance expects to deepen its credit reach with the recently launched FlexPay and aims to bring credit access to those provided credit by banks and other large finance institutions.Anil Pinapala, Founder and CEO of Vivifi said that the credit under FlexPay would start with sachet sized loans and would grow based on their repayments.

    • yesterday
  • Industry News

    DHFL COC to meet on Monday to consider bids

    The DHFL Committee of Creditors (COC) stares at a 70 per cent haircut in the meeting on Monday as lenders to lose a whopping Rs 68,000 crore against the total admitted liabilities of Rs 95,000 crore.Four bidders, Adani Group, Piramal Groip, US based Oaktree, and Hongkong based SC Lowy have submitted shockingly poor bids, as per banking sources.

    • yesterday
  • Industry News

    Domestic airlines to fly 12,983 flights per week this winter

    The Directorate General of Civil Aviation has approved 12,983 domestic flights for the winter schedule, 44 per cent lower than the number of domestic weekly flights during the last winter schedule.The winter schedule begins on Sunday, October 25 and would go on till March 27. During the previous winter schedule, a total of 23,307 flights were allowed in a week.

    • yesterday
  • Industry News

    'Delhi Metro-SBI Card' a credit-cum-smart card launched

    The Delhi Metro Rail Corporation (DMRC) in association with the SBI Card, on Friday launched the 'Delhi Metro-SBI Card', a multipurpose credit card for the benefit of the Delhi Metro commuters.The card was jointly launched by DMRC's Managing Director Mangu Singh and Ashwini Kumar Tewari, MD and CEO of SBI Card in the presence of other senior officials from both the...

    • 2 days ago
  • Industry News

    AISAM likely to take key decisions on Air India divestment on Saturday

    The Centre's top group of ministers looking into Air India divestment is slated to meet on Saturday with the agenda ranging from extending the process to allowing greater debt re-structuring.These key decisions might come at a time when the divestment deadline of October 31 is fast approaching.

    • 2 days ago
  • Industry News

    TCS, Wipro set the tone as cash-rich cos announce Rs 27,558 cr of buybacks

    Buybacks are seeing a strong trend with cash-rich companies, led by IT giants TCS and Wipro, announce buybacks worth Rs 27,588 crore to reward shareholders by returning excess cash on the balance sheets.In the period, April 1 to October 15, 15 companies have announced buybacks worth Rs 27,558 crore, as per Motilal Oswal Financial Services.

    • 2 days ago

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