Wednesday, November 30, 2022

Corporate Watch

Jet Airways looks at shareholder approval to convert debt into equity

PW Bureau  At a specially convened meeting on February 21, shareholders will vote on its proposal to convert part or all of its loans  New Delhi: In...

IL&FS Rail used shell firms to create fake invoices: I-T

The tax department has allegedly recognised multiple contracts that IL&FS Rail awarded to shell companies, obtaining false invoices for “non-existent” work to lessen its profits

Data shows Indian airlines are monopolising the sky

PW Bureau According to air travel intelligence company, 188 air routes have direct flights run by just one airline on that route, including Kolkata-Lucknow, Hyderabad-Raipur,...

L&T retains guidance despite 12% y-o-y decline

PW Bureau  The industrial conglomerate committed to achieve the 12-15 percent revenue forecast and order flow growth by 10-12 percent in FY19 New Delhi: Concerns that Larsen...

At 64, Vedanta Chairman has no plans to hang boots or bequeath the crown to kids

PW Bureau  Saying Vedanta is “too big to have a family succession plan,” Agarwal also pointed out that his son Agnivesh or daughter Priya may...

SEBI clarifies lock-in period for warrants

PW Bureau  A warrant is a derivative that provides the right — not the obligation —  to purchase or sell a security, mostly equity, at...

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