Reliance Communications (Rcom) and Ericsson have settled their eight-month dispute over unpaid dues for Rs 550 crore, bringing a huge relief to the Anil Ambani-owned telecom company which will now be able to exit the insolvency proceedings and sell its wireless assets to Reliance Jio and repay lenders. Ericsson ...
ICICI Bank has now said they will institute an independent probe on an anonymous whistleblower's charges of quid pro quo by MD, CEO Chanda Kochhar.The whistleblower's complaint was on CEO Chanda Kochhar's alleged violation of code of conduct.The bank informed the stock exchanges that at a meeting held on Tuesday, ...
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) today allowed Vedanta Ltd to make an upfront payment of Rs 5,320 crore to lenders for acquisition of Electrosteel Steels.A two-member bench also said this payment would be subject to the outcome of the petition filed by Renaissance Steel challenging Vedanta's ...
The oil companies this morning announced reduction in petrol price by 60 paise to Rs 77.83 a litre and diesel by 56 paise to Rs 68.75 in Delhi. This was rectified to 1 paisa a litre.
NEW DELHI: Fortis Healthcare has deferred to June 11 the board meeting to consider its financial results for the fourth quarter and the financial year ended March 31, 2018, the company told stock exchanges on Wednesday.This is because Fortis is deliberating on conclusions from an internal investigation launched into alleged ...
HYDERABAD: USA headquartered IT services provider Techwave Consulting today announced the opening of its next generation fusion engineering services Centre of Excellence (CoE) in Victoria,Australia and in this city."We have simultaneously opened Techwave's Next Generation Fusion Engineering Services CoEs in Victoria/Australia as well as Hyderabad in India," Raj Gummadapu, CEO ...