Page 31 - Companies

Shareholders vs stakeholders, once more

The debate resurfaced last month after JP Morgan's board rejected the switch to become a shareholder-focused entity

Orcel takes public row with Santander over CEO job offer to court

The case stems from Santander's decision two years ago to suddenly drop plans to make Orcel its CEO after a disagreement over his pay package

Delhi HC posts hearing on NAA to March 9, assigns matter to regular bench

Last month, companies told court that NAA was not following due process of law and was even launching probe against them when there was no cut in GST rates

NCLT upholds Doha Bank plea, Reliance Infratel to get 100% recovery

National Company Law Tribunal (NCLT) has upheld the petition of Doha Bank resulting in 100% recovery for the Financial Creditors of Reliance Infratel Ltd. (RITL), aggregating to Rs 3,515 crore

Hertz set to ride out of bankruptcy with $4.2 bn from investment firms

"We've been...repositioning our business as we prepare for increased travel demand as the pandemic subsides," Chief Executive Paul Stone said

Zoom reports staggering 369% revenue jump at $882.5 mn, set to grow further

Net Income for the fourth quarter was $260.4 million, or $0.87 per share, the company announced on Monday

AstraZeneca has sold its stake in Moderna for more than $1 billion: Report

The report added that it was not clear over what period British-based AstraZeneca sold its holding in Moderna

Wirecard's India deal started with 'fraud': London judges panel

Hermes was sold at a valuation of $40 million, before being acquired by Wirecard for more than $250 million

StanChart profit dips as Covid inflates bad loans, high credit impairments

Credit impairments last year more than doubled compared with a year earlier to $2.3 billion because of the pandemic

LinkedIn suffers over two hour long global outage, platform back up now

LinkedIn, which is the world's largest professional network with nearly 740 million members in more than 200 countries, was later up and running

HeidelbergCement saw good start to 2021, 2020 core profits up by 6%

"There should be a tailwind from infrastructure programmes, for example in the USA, Australia, India and Italy," Chief Executive Dominik von Achten said

Sustainability can help companies become more profitable: Accenture CEO

Sweet cited a research that said companies that have combined sustainability into their business strategy are 2.5 more successful than those who have not

Best of BS Opinion: Sugarcane pricing, higher tax-GDP, and more

Here's a selection of Business Standard opinion pieces for the day

When CEO and board marriages fail

Boards and remuneration committees hesitate to engage with the behavioural and soft aspects of CEO appraisal. This is one important reason for such marriages failing

Credit Suisse posts 22% annual profit decline on back of legal troubles

The poll was compiled before the bank settled a legacy residential mortgage-backed security case for $80 million less than it had previously flagged

Honda Motor to appoint R&D chief Toshihiro Mibe as new CEO: Report

Japan's second-biggest automaker by sales will announce the decision after a board meeting as early as Friday

Saudi pressures global firms to move to Riyadh as it challenges Dubai

From the start of 2024, the Saudi government and state-backed institutions will stop signing contracts with foreign firms that base their Middle East headquarters in any other country in the region

Companies accuse anti-profiteering body of launching baseless probes

They say NAA is not following due process of law, harassing them with investigations even when there is no cut in GST rates or increase in input tax credit; Delhi HC posts matter for March 4

Cable One to buy telecom firm Hargray Communications in $2.2 bn deal

Cable One said the deal would help the company expand its presence into the Southeastern US markets

Blue Star launches a new range of refrigerators, ideal for storing vaccines

Ice lined refrigerators are ideal for vaccination programmes due to their ability to maintain a desired temperature even without power for up to as long as 48 hours. says Blue Star