February 28, 2024

Byju’s to go ahead with rights issue after NCLT defers decision on investors’ plea; but there’s a catch | India Business News

[ad_1] MUMBAI: The National Company Law Tribunal (NCLT) on Tuesday reserved its judgement on the plea filed by a few of Byju’s investors seeking the court’s intervention to declare the firm’s rights issue as void and the founders as unfit to run the company, citing oppression and mismanagement. This essentially allows the company to go ahead with the rights issue...

Pernod Ricard to invest Rs 1,800 crore in Nagpur plant

[ad_1] NAGPUR: French liquor giant Pernod Ricard signed a memorandum of understanding (MoU) with Maharashtra govt on Friday to invest in a malt distillery at Nagpur. With a capacity of 60,000 litres a day, the proposed unit is dubbed to be India's largest malt distillery. Among the company's own facilities, it's also the largest in Asia, and may well be...

Kotak Bank rejigs senior management roles

[ad_1] MUMBAI: Ashok Vaswani, MD & CEO of private sector lender Kotak Mahindra Bank who took over on Jan 1 this year, on Monday announced top-level changes in the bank's top management.KVS Manian, a veteran with the bank and whole-time director now, has been designated as the joint MD, the bank said in a statement to the bourses. Shanti Ekambaram,...

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