Corporate Affairs-ministry

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Corporate Affairs-ministry - Total results - 95
IndiGo promoter spat: Govt seeks reply from InterGlobe Aviation on allegations of governance lapses; more directors on board likely
Business

IndiGo promoter spat: Govt seeks reply from InterGlobe Aviation on allegations of governance lapses; more directors on board likely

Meanwhile, another report claimed that the board of InterGlobe Aviation may consider a proposal to induct new directors at its board meeting scheduled to be held on Friday.

IL&FS case: Ramesh Chandra Bawa's wife, daughter seek to unfreeze bank accounts citing no mention in charge sheet, SFIO report
Business

IL&FS case: Ramesh Chandra Bawa's wife, daughter seek to unfreeze bank accounts citing no mention in charge sheet, SFIO report

NCLT adjourned the hearing on a ministry plea seeking a five-year ban on IL&FS group auditors Deloitte Haskins & Sells and the KPMG affiliate BSR & Associates for their criminal role in the scam to 19 July.

IndiGo parent InterGlobe Aviation's shares erase early losses, closes 2% higher at Rs 1,384
Business

IndiGo parent InterGlobe Aviation's shares erase early losses, closes 2% higher at Rs 1,384

The scrip of InterGlobe Aviation on Monday erased its early losses and ended 2 percent higher mainly on value buying at a lower level

IndiGo parent InterGlobe Aviation's shares fall nearly 5% amid slew of negative news surrounding airline
Business

IndiGo parent InterGlobe Aviation's shares fall nearly 5% amid slew of negative news surrounding airline

The scrip of InterGlobe Aviation fell nearly 5 percent on Monday amid a slew of negative news surrounding the airline, including allegations of governance lapses

US retail giant Amazon infuses Rs 450 crore in payments unit in India, Amazon Pay
Business

US retail giant Amazon infuses Rs 450 crore in payments unit in India, Amazon Pay

Amazon Corporate Holdings has pumped in Rs 449.95 crore, while the remaining came from Amazon.com.incs Ltd.

IL&FS scam: Govt mounts fresh bid to get Deloitte, KPMG arm BSR Associates banned, files application in NCLT
Business

IL&FS scam: Govt mounts fresh bid to get Deloitte, KPMG arm BSR Associates banned, files application in NCLT

IL&FS Financial Services is of the 348 subsidiaries of the crippled IL&FS group, which owes more than Rs 95,000 crore to the lenders.

Over 90% firms surveyed filed returns, clarifies Central Statistics Office to NSSO
Business

Over 90% firms surveyed filed returns, clarifies Central Statistics Office to NSSO

The NSSO said a large number of units forming part of MCA 21 database, used in computing GDP, were either not identifiable or traceable in the field

IL&FS resolution on track; green cos' Rs 12,000 crore debt likely to be settled by July: Corporate Affairs Secretary
Business

IL&FS resolution on track; green cos' Rs 12,000 crore debt likely to be settled by July: Corporate Affairs Secretary

The board of IL&FS group, which is estimated to have a debt burden of over Rs 94,000 cr, was superseded by corporate affairs ministry in October last year

Govt set to provide financial assistance to minority investors for class action lawsuits, rules to be notified soon
Business

Govt set to provide financial assistance to minority investors for class action lawsuits, rules to be notified soon

The concept of the class action suit, that provides an option for investors to seek remedy as a group, is well known in Western countries.

Vijay Mallya's defiance prompts Securities and Exchange Board of India to seek changes to Companies Act
Business

Vijay Mallya's defiance prompts Securities and Exchange Board of India to seek changes to Companies Act

In its proposal, SEBI has referred to its interim order dated 25 January, 2017, through which the regulator had barred Mallya and six others from holding directorship in any listed company till further directions.

Corporate affairs ministry initiates inquiry into DHFL's alleged Rs 31,000-cr fund diversion; set to seek info from company
Business

Corporate affairs ministry initiates inquiry into DHFL's alleged Rs 31,000-cr fund diversion; set to seek info from company

DHFL) is in the eye of a storm after a report that the company through layers of shell companies allegedly siphoned off Rs 31,000 crore

Myntra narrows consolidated losses to Rs 178.7 cr for 2017-18; total income grows threefold to Rs 427.4 crore
Business

Myntra narrows consolidated losses to Rs 178.7 cr for 2017-18; total income grows threefold to Rs 427.4 crore

Myntra attributed the growth to the company's strategic initiative of hiving off its B2B business

MobiKwik losses mount to Rs 203 cr in FY18; consolidated revenue increases 93.1% to Rs 85.65 crore
Business

MobiKwik losses mount to Rs 203 cr in FY18; consolidated revenue increases 93.1% to Rs 85.65 crore

The company, which competes with mobile wallet players like Paytm, had posted a total consolidated loss of Rs 132.8 crore in 2016-17

In a first, NCLT allows  corporate affairs ministry to reopen IL&FS books to ascertain financial mismanagement
Business

In a first, NCLT allows corporate affairs ministry to reopen IL&FS books to ascertain financial mismanagement

The government wants to check the balance-sheets of the crippled group and its two listed subsidiaries--ITNL and IL&FS Financial Services for the past five years

ICICI Bank loan controversy: Corporate Affairs Ministry's inspection of six companies linked to lender at 'advanced stage'
Business

ICICI Bank loan controversy: Corporate Affairs Ministry's inspection of six companies linked to lender at 'advanced stage'

There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and her family members in a loan provided to Videocon Group on a quid pro quo basis.

TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry
Business

TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry

The Public Credit Registry would be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower.

Govt moves NCLT to reopen IL&FS group balance-sheets; court seeks views of statutory bodies, regulators
Business

Govt moves NCLT to reopen IL&FS group balance-sheets; court seeks views of statutory bodies, regulators

This is the first time that government has invoked the powers under Section 130 0f the new Companies Act of 2013 to reopen ledgers of a company.

Transfer of physical shares not possible from 5 December, only demat form allowed; all you need to know
Business

Transfer of physical shares not possible from 5 December, only demat form allowed; all you need to know

Post-Tuesday, you won’t be able to transfer shares of listed companies if they are held in physical form.

Uday Kotak, Anand Mahindra lash out at proliferation of regulations, say they are forced to follow rules in letter and not in spirit
Business

Uday Kotak, Anand Mahindra lash out at proliferation of regulations, say they are forced to follow rules in letter and not in spirit

The comments come days after auto industry veteran Rahul Bajaj also expressed his displeasure on laws made by Sebi and corporate affairs ministry in the wake of fleeing defaulters.

Paytm's parent company One97 Communications widens net loss to Rs 1,490.40 cr for FY18
Business

Paytm's parent company One97 Communications widens net loss to Rs 1,490.40 cr for FY18

One97 Communications' revenues from operations, however, grew manifold to Rs 2,987.41 crore in FY2017-18 as against Rs 624.76 crore in FY2016-1