Murugappa Group to invest Rs 700 crore in CG PowerThis process allows other potential suitors to make a counteroffer, after which the first investor, in this case Tube Investment, will have...
08 Aug, 2020, 09.46 AM IST
Gautam Thapar denies wrongdoing, blames vested interests for woesThapar lost control of his flagship business to a private equity investor and his mortgaged home in Delhi to a private bank. “From day one,...
09 Jan, 2020, 06.56 AM IST
SFIO to probe fund diversion at CG Power“The probe had found certain instances of funds being transferred to the promoter's company. When Thapar was confronted with the same, he r...
08 Nov, 2019, 07.17 AM IST
CG Power plans to raise Rs 800 cr via equity issue to tackle liquidity crisisCG is faced with alleged financial irregularities that may have led to the company losing Rs 3,000 crore.
06 Nov, 2019, 04.02 PM IST
CG Power board moves to remove Avantha Holdings as promoterThe promoter entities together hold only 8,574 shares in the loss-making CG.
03 Oct, 2019, 08.52 AM IST
In eye of storm, CG Power CEO Neelkant resignsRestructuring debt will require a change in management and board asked him to step down; Neelkant cries foul.
01 Oct, 2019, 08.14 AM IST
CG Power's board to decide on CEO KN Neelkant's continuity todayThe company board had earlier ousted Chairman Gautam Thapar and Chief Finance Officer VR Venkatesh along with a couple of senior executives...
30 Sep, 2019, 06.38 PM IST
Irregular deals by brass may have led to Rs 3000 crore loss for CG Power: ReportThe cheques were issued by CG without approval from its board or risk and audit committee.
17 Sep, 2019, 11.45 AM IST
Former CFO of CG Power VR Venkatesh prevented from travelling abroadVenkatesh who was allegedly travelling to Belgium was prevented from travelling abroad and handed over to the officials from the Ministry o...
07 Sep, 2019, 09.59 PM IST
CG Power Irregularities: Gautam Thapar joins probe, rejects allegations of unauthorised dealsThapar was ousted from the chairmanship of the troubled CG Power and Industrial Solutions last week after alleged irregularities and unauth...
05 Sep, 2019, 06.57 PM IST
CG Power sacks CFO VR Venkatesh, commissions forensic auditOwing to the grave nature of the misconduct and the breach of trust on his part, the board of CG Power and Industrial Solutions sacked CFO ...
31 Aug, 2019, 04.06 PM IST
‘Suspect’ transactions detected at Gautam Thapar’s CG Power; stock tanks 20%. YES Bank suffers collateral damageFraud at CG Power was purportedly carried out by employees for over 2 years.
20 Aug, 2019, 12.33 PM IST
New Amfi chief sees industry clipping at 20-25% CAGR till 2020NS Venkatesh, who took over as the Amfi chief late last month, expects the industry to continue to grow at a compounded annual rate of 20-2...
03 Nov, 2017, 09.57 AM IST
New Amfi chief sees industry clipping at 20-25% CAGR till 2020As of August, bank deposits stood at Rs 108.8 trillion, while mutual funds AUM stood at Rs 20.59 trillion, which is only around 19 per cent.
02 Nov, 2017, 08.27 PM IST
In a welcome disruption, hotel cleaners in Bengaluru turn techiesA city restaurant chain grooms village boys who take up low-skilled jobs to handle tech operation.
13 Oct, 2016, 01.11 PM IST
- Wipro announces changes in leadership to focus on R&D business
Wipro announced restructuring of its team with appointment of Ayan Mukerji as Global Head of PES. Cognizant acquires PIPC | IT buys more sp...
10 May, 2010, 09.17 PM IST
- HAL, Wipro to ramp up aviation biz on global demand
The global aviation market is set to rain large deals on Indian companies. A CLSA Asia-Pacific study shows there will be a $18-billion busi...
09 Mar, 2007, 01.06 AM IST