The fund house said four of its fixed income schemes have invested in zero per cent Essel Infra Series 1 and zero per cent Essel Infra Series 2, which matured on May 22, 2020.
After the coronavirus pandemic decimated revenue, the car renter sought relief from lenders and a bailout from the U.S. Treasury Department.
The transaction values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
The opening of seasonal roles at Amazon India also comes amid the spate of layoffs by tech-led companies like Swiggy, Zomato, ShareChat, Ola and some others over the past few days.
The company has made a decision to discontinue the manufacture and supply of Zinetac tablets (150 mg and 300 mg products) manufactured in India and will in due course request cancellation of the marketing authorisation associated with the drug, GlaxoSmithKline Pharmaceuticals said in a regulatory filing.
Prior to this, Jio Platforms had raised Rs 67,194.75 crore from leading technology investors including Facebook, Silver Lake Partners, Vista Equity Partners and General Atlantic.
Lufthansa confirmed in a statement it’s in advanced talks with Germany’s Economic Stabilization Fund for aid of as much as 9 billion euros ($9.9 billion).
A single-judge Bench of Justice Vibhu Bakhru held that the order passed by the CCI was an administrative order which was well within the rights of the anti-trust body, and therefore could not interfered by at this stage.
In his email to the employees, Ola CEO Bhavish Aggarwal made it clear that the prognosis ahead for the business is "very unclear and uncertain" and the impact of this crisis is "definitely going to be long-drawn for us".
Named as 'Spirited New Verna', the new offering comes in BSVI-compliant three engine variants of 1.5 litre petrol and diesel, and petrol 1-litre turbo engine. It also has automatic transmission options.
The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the 19.13 billion rupees ($253 million) loans, according to a May 16 court order seen by Reuters.
Food-tech platform Zomato, which recently asked 13 per cent of its workforce to search for new jobs, has also decided to shut 125 of over 150 offices worldwide. Its rival Swiggy has decided to lay off 1,100 people, in addition to scaling down on kitchen facilities and office infrastructure.
For the fiscal ended March 31, 2020, the company posted a net loss of Rs 32,183.2 crore, compared to a profit of Rs 409.5 crore for financial year (FY) 2018-19.
E-commerce platforms see orders for mobiles, garments, pressure cookers, among others.
Swiggy’s decision comes close on the heels of its Gurugram-based rival Zomato asking over 500 of its employees to start looking for new jobs, as the restaurant industry stares at deep uncertainty in the aftermath of Covid19.
A meeting in this regard was also held between the Cellular Operators Association of India (COAI) and DoT officials. The DoT, however, has not responded to the COAI or the telcos’ demands, according to sources.
This is the first rights issue by RIL in nearly three decades. It will be priced at Rs 1,257 a share in the share ratio of 1:15 (one rights share for every 15 shares held). The issue amount is Rs 53,125 crore.
The allegations by the Delhi Gymkhana Club are a part of its reply affidavit filed with the National Company Law Tribunal (NCLT). The Indian Express has reviewed a copy of the affidavit.
The country’s restaurant industry by itself is staring at an estimated 7.3 million jobs on the line, with its challenges ranging from supplies to labour, skilled and semi-skilled, real estate to credit, overheads and utilities, delivery commissions and rental contracts.
InterGlobe Enterprises will compete against a number of behemoths including those in the private equity space and the aviation sector for picking up a stake in Virgin Australia.