Remove tag group companies
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IL&FS moves NCLAT, seeks protection for group companies from wilful defaulter tag

CFO News

IL&FS also charged banks of taking procedural action under the garb of the RBI guidelines, and "harassing the Directors of the IL&FS companies" In its petition, IL&FS said it is aggrieved by the "blatant violation and disregard" of previous NCLAT orders by the banks.

Banking 52
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Bajaj Hindusthan sugar proposes second restructuring plan

CFO News

The company owes a group of 10 lenders led by State Bank of India (SBI) a total of ₹4,900 crore. Delays in payments had meant the account was tagged as NPA in the fourth quarter of last fiscal. However, the company cleared its outstanding dues in the last three months and has proposed a fresh payment schedule to banks.

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Google Reports Resurgence In Pandemic Hacking, Phishing

PYMNTS

Google’s security experts had their hands full in April, as its Threat Analysis Group ( TAG ) emailed 1,755 warnings to users whose accounts were targets, the California-based global technology company wrote on its blog Thursday (May 27).

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Google: State-Backed Hackers Behind Coronavirus Phishing Attempts

PYMNTS

Security experts at Google have identified over a dozen government-backed hacking groups trying to use the coronavirus pandemic to fuel malware and phishing attempts. Google’s Threat Analysis Group (TAG) said hackers had been targeting the World Health Organization (WHO), as revealed in early April by Reuters.

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Uber Faces Lawsuit By British Drivers

PYMNTS

A group of Uber drivers in England have filed suit against the ride-hailing company for its alleged failure to provide access to data and an explanation of algorithmic management. based group, was filed in the District Court of Amsterdam, where Uber’s European headquarters is located. A hearing is set for Aug.

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Intuit Buys Credit Karma For $7.1B

PYMNTS

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 The company is now worth more than $74 billion. The deal lays bare the growing need for financial services groups to accumulate data. billion to acquire Plaid, which helps fintech companies connect with customers’ bank accounts.

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Jessica Alba’s Honest Company Faces A Down Round

PYMNTS

Looks like Jessica Alba’s co-founded Honest Company might be in a bit of honest trouble. According to emerging news reports, the five-year-old home and body care product company is looking to raise $75 million in new Series D venture capital funding at $19.60 So, is Honest no longer a unicorn? It seems possible — verging on likely.