Daily Archives: August 8, 2019
Armed with opinions from its statutory auditor and a legal firm that Anil Ambani-controlled Reliance Capital (RCap) had not violated any provisions relating to its relationship with auditing major Pricewaterhouse Coopers (PwC), the company on Thursday said that it would take all appropriate steps to safeguards the interest of its shareholders.
Tiger Global Management and Steadview Capital, two of the most active investors in India’s tech market, along with Dragoneer Investment Group, are in advanced talks to invest $50-60 million in Innovaccer, an enterprise software company focusing on putting together healthcare data collected at various points. The deal is expected to close in three to four weeks.
Amid intensifying spat between IndiGo promoters, a senior official said the ministry of corporate affairs will only look at whether allegations of governance lapses are a management dispute or violation of companies law.
South African batsman Hashim Amla on Thursday announced his retirement from international cricket. Amla, 36, hit 55 international centuries, including South Africa’s highest Test score when he struck 311 not out against England at The Oval in 2012. He hit 28 centuries in Tests and 27 in ODIs. His Test tally included four double centuries.
Domestic air passenger traffic rose 7.9 per cent in June over the year ago period even as the average demand for domestic travel across seven major aviation markets declined in the reporting month to 4.4 per cent from 4.7 per cent earlier, the International Air Transport Association (IATA) said on Thursday.