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TV9 former CEO Ravi Prakash moves tribunal to buy majority stake in company
By Srinivasa Rao Apparasu | Hindustan Times, Hyderabad
UPDATED ON SEP 15, 2020 09:05 AM IST
Ravi Prakash, who was founder-director of ABCL was sacked as director and CEO on May 10 last year for allegedly cheating the company promoters.
GK supports allowing women to sing hymns at Golden Temple
By HT Correspondent | Hindustan Times, Chandigarh, Chandigarh
PUBLISHED ON NOV 08, 2019 11:08 PM IST
Opposes government intervention into religious matters; says rights of broadcasting of live kirtan from the shrine be given to all Punjabi channels
Deals Buzz: Blackstone may exit auto parts JV Sona Comstar via IPO in two years
By Ridhima Saxena | livemint, Mumbai
UPDATED ON SEP 03, 2019 11:34 AM IST
In other news, private equity firm Everstone Capital-backed Modern Foods is back in the Delhi-National Capital Region after 14 years with the acquisition of a majority stake in city-based Supreme Baker India Pvt. Ltd.
Gaming firm Nazara acquires Sportskeeda
By M. Sriram
PUBLISHED ON AUG 21, 2019 10:14 PM IST
Investments and acquisitions have been a key part of Nazara’s growth strategy, with bets in the past year or so including fantasy gaming platform HalaPlay, and real money quiz app Qunami
CEO, CFO quit as Jet Airways rescue talks drag on
By Rhik Kundu | Hindustan Times, Mumbai
UPDATED ON MAY 15, 2019 10:03 PM IST
Vinay Dube, chief executive officer (CEO), and Amit Agarwal, deputy CEO and chief financial officer, put in their papers, adding to the growing list of top-level exits at the Mumbai-based carrier.
Less than 15 aircraft of debt-hit Jet Airways currently operational, says government
By Press Trust of India | Hindustan Times, New Delhi
UPDATED ON APR 03, 2019 01:26 PM IST
Less than 15 aircraft of debt-hitJet Airways currently operational, news agency PTI quoted Civil Aviation Secretary Pradeep Singh Kharola as saying.
Pilots of Jet Airways defer strike, seek salary dues by April 14
By Rhik Kundu | Hindustan Times, Mumbai
UPDATED ON APR 01, 2019 02:19 AM IST
The pilots’ union has decided to give Jet’s new interim management until April 14 to clear salary dues “in conjunction with interim funding”, and deferred the plans of a strike until then, the National Aviators Guild said in a statement to its members.
Lessors doubt Jet Airways rescue plan, pull out more planes: Report
By Reuters | Singapore/Bengaluru
UPDATED ON FEB 21, 2019 06:17 PM IST
Nine of Jet’s planes have been grounded by lessors, versus the four it reported last month, with AerCap Holdings NV and BOC Aviation Ltd among those who have pulled out planes, sources told Reuters.
Supreme Court seeks colliery reply on mining
By HT Correspondent | Hindustan Times
PUBLISHED ON NOV 27, 2018 11:14 PM IST
The petition said the Adani Group owns 74% stake in the company and that the rest is held by RRVUNL. The company was re-allocated the coal block and allowed to carry on mining in 2015, it claimed.
This British woman is more than 10 times richer than the Queen
By Bloomberg | Bloomberg
UPDATED ON NOV 24, 2018 06:19 PM IST
Denise Coates, 51, has a net worth of $4.5 billion thanks to her majority stake in closely held Bet365, according to the Bloomberg Billionaires Index, and joined the ranks of the world’s 500 richest people for the first time Friday.
Jabong to lay off 200 employees, to be merged with Myntra: Report
UPDATED ON NOV 16, 2018 01:28 PM IST
Walmart will lay off nearly 200 employees at Jabong and integrate the online fashion retailer into Myntra, Livemint reported on Friday, days after the head of Flipkart Group Binny Bansal resigned following an internal probe into a “serious personal misconduct”.
RIL posts record Rs 9,516 crore profit in Q2
By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON OCT 17, 2018 07:53 PM IST
Reliance Industries Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore.
Indonesia’s cigarette billionaire pursues dream of winning gold at Asian Games
By Tassia Sipahutar | Bloomberg
UPDATED ON AUG 23, 2018 03:51 PM IST
Michael Bambang Hartono’s family owns a conglomerate that is among the top cigarette makers in Indonesia .
CCI clears US $16 billion Walmart-Flipkart deal
By Press Trust of India | Press Trust of India
PUBLISHED ON AUG 08, 2018 09:43 PM IST
Welcoming the regulator’s decision, Walmart said it remains committed to contributing to the Indian economy by supporting smallholder farmers, manufacturers, and its Kirana customers.
LIC board approves acquisition of up to 51% stake in IDBI Bank
By HT Correspondent | Press Trust of India, New Delhi
UPDATED ON JUL 16, 2018 02:59 PM IST
LIC’s buying stake in IDBI Bank will help the debt-ridden state-owned bank get a capital support of Rs 10,000- 13,000 crore.