CG Power fails to get Rs 200-crore working capital
Banks are not keen to lend to CG power as govt agencies step up probe into alleged wrongdoings at the firm.
Kala Vijayraghavan
Gautam Thapar takes legal action against CG Power board
The financial damage to CG’s balance sheet is now estimated to be in excess of Rs 3,000 crore.
CG Power may move Enforcement Directorate against Avantha Group promoter Gautam Thapar
Board may file PMLA complaint, hopes lookout notice will stop Thapar from fleeing country.
Slowdown unlikely to last beyond 6 months, say leading packaged food companies
Britannia, ITC, Amul and Nestle said sales of their product categories, both premium and essential, continued to grow even as a few large categories witnessed slower expansion.
Godrej Industries shareholders okay compensation plan
Godrej Industries reported losses only two times in the past 12 years.
Tata Trusts face I-T queries over 'surrender' of registration
Taxman says trusts’ registrations can only be cancelled; Tatas say they will appeal.
Leverage Tata network to expand Walmart’s reach to kiranas; allow Flipkart its grocery play
The executives said Walmart wants to have an Indian partner who is “respected” and “has a voice in policymaking”.
AS Lakshminarayanan shortlisted to head Tata Communications
Lakshminarayanan is considered one of Tata Sons chairman N Chandrasekaran’s top lieutenants in TCS, he is currently president & CEO of TCS Japan.
Tatas want Voltas to be durable, plan to hive off its projects business
The Move is part of strategy to cut costs, boost efficiency by integrating operations that have synergies.
Mindtree founders will stay on to stabilise company
Founders Natarajan, Parthasarathy and Ravanan have promised to stay on and help with the transition.
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