Interior firm Livspace gets $60m makeover
Livspace has raised about $150 million till date, according to share allotment disclosures made by the company. It last raised $70 million in 2018, led by TPG Growth and Goldman Sachs.
Concept buys 51% stake in marketing firm Lastmile Solutions
While Suchanti declined to share details, he confirmed to ET that it’s a part deb...
Pain for big Indian pharma companies continue warns CRISIL, as FDA woes remains unresolved
Indian drug makers in the last few years have dive...
CAIT seeks probe into business models of 16 online platforms, e-commerce firms
In a letter to Commerce minister Piyush Goyal dated January 24, the Confederation of All India Traders (CAIT) alleged that the common phenomenon in these companies of incurring huge yearly losses and earning revenues is not a healthy business practice.
US judge rules against outsourcing firm
The companies, led by outsourcing provider Kollasoft, were seeking to “stay the legal effects” of the US Citizenship and Immigration Services’ denial of 27 unique H1B visa applications as it claimed those denials were based on illegal or ultra vires rules promulgated in a February 2018 policy memo issued by USCIS.
HDFC Life slips 2% post Q3 results; should you invest?
During the April-December period, HDFC Life’s net profit increased 8 per cent to Rs 984 crore from Rs 913 crore.
Sebi levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options
The orders follow a probe conducted by the regulator between April 2014 and September 2015.
H-1B visas: US judge rules against outsourcers
The companies, led by outsourcing provider Kollasoft, were seeking to “stay the legal effects” of the US Citizenship and Immigration Services’ (USCIS) denial of 27 unique H-1B visa applications as it claimed those denials were based on illegal or ultra vires rules promulgated in a February 2018 policy memo issued by USCIS.
CDSL Q3 profit drops 24%, income rises 10%
CDSL said it has taken a one-time charge for a non-recurring previous years' anticipated statutory liability of Rs 10.56 crore.
USFDA inspects Alembic Pharma's facility in Karkhadi, Gujarat
USFDA issued a form 483 with two observations, the drug firm said in a filing to BSE.
Biocon Q3 profit dips 7% on R&D cost, tax impact; topline jumps 14%
Biocon’s profit before exceptional item at Rs 225 crore reported a 6% growth. It reported an operating margin (EBITDA) of 27%.
CBI registers case against Delhi based firm, Radikal Foods
The FIR says that an alleged loss of Rs. 819.48 crore(approx) as on April 1, 2018 was caused to the banks. The consortium banks consisted of 10 banks namely State Bank of India, Indian Overseas Bank, Oriental Bank of Commerce, Exim Bank, Bank of India, IDBI Bank, Bank of Maharashtra, CSB Bank, Vijaya Bank (now Bank of Baroda) & UCO Bank.
DHFL posts net loss of Rs 6,641 crore in July-September period
It had posted consolidated net profit of Rs 439.51 crore in the year-ago period.
Capital call: Government set to allow firms to directly list overseas
While detailed discussions on the proposal have taken place, a formal decision is awaited, sources said.
Kuwait firm to set up Rs 49,000 cr oil refinery in Tamil Nadu: Chief Minister Palaniswami
The setting up of the refinery would see the southern districts in the state develop like Jamnagar in Gujarat and Jurong Island in Singapore, said Tamil Nadu, Chief Minister K Palaniswami. He further added that 59 companies which signed MoUs with the state government in the second edition of the Global Investors meet in January last year, have commenced production.
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