Page 1850 - Company News
RCap insolvency: Will creditors lose out in the resolution?
Monday was the last day for submission of bids for Reliance Capital assets sale after five deadline extensions. So, what is in the store for the lenders and other stakeholders, let us find out
 "RCap insolvency: Will creditors lose out in the resolution?")
NTPC gets shareholders' nod to raise up to Rs 12,000 cr via bonds
NTPC has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures on private placement basis
 "NTPC gets shareholders' nod to raise up to Rs 12,000 cr via bonds")
Significant reduction in debt burden to Rs 1,810 cr till Mar 31: Coffee Day
The debt level of Coffee Day Enterprises has been reduced "significantly" to Rs 1,810 crore as on March 31, the company said in its latest annual report
 "Significant reduction in debt burden to Rs 1,810 cr till Mar 31: Coffee Day")
Ashok Leyland bags mega order for fleet of 1,400 school buses in UAE
Ashok Leyland, the flagship brand of the Hinduja Group, on Wednesday announced bagging orders from major fleets for 1,400 school buses in the UAE
 "Ashok Leyland bags mega order for fleet of 1,400 school buses in UAE")
ONGC gets Rajesh Kumar Srivastava as third interim chairman in a row
Srivastava, who is the senior-most director on the ONGC board, has been given additional charge of chairman and managing director after current acting head Alka Mittal superannuated
 "ONGC gets Rajesh Kumar Srivastava as third interim chairman in a row")
Molbio Diagnostics looking to expand test menu on its Truenat platform
The company is also open to raising funds and has been in talks with PE and VC funds for the same
 "Molbio Diagnostics looking to expand test menu on its Truenat platform")
IndiGo announces codeshare with Virgin Atlantic; to cover 7 cities in India
The codeshare will allow Virgin Atlantic passengers to book a single ticket to travel from London to Delhi or Mumbai, and then take IndiGo flight to these Indian cities
 "IndiGo announces codeshare with Virgin Atlantic; to cover 7 cities in India")
Softbank's Rajeev Misra steps down as corporate officer and exec VP
Remains CEO of SB Investment Advisers which manages SoftBank Vision Fund 1, Masayoshi Son to manage second Vision Fund; move follows record losses in the Japanese investment group
 "Softbank's Rajeev Misra steps down as corporate officer and exec VP")
Reliance Industries ups O2C play as competitive intensity grows
Adani, TCG among key rivals in the sector
 "Reliance Industries ups O2C play as competitive intensity grows")
Qualcomm to provide chipset platforms for Reliance Jio's 5G equipment
The US chip design company is helping indigenous manufacture of 5G FWA customer equipment, working with mobile device makers to enable stand alone 5G phones and also reduce their prices
 "Qualcomm to provide chipset platforms for Reliance Jio's 5G equipment")
Tata alters policies to consolidate group operations under one umbrella
In 2000, Tata first amended the Tata group retirement policy of 70 years to bring in younger leaders and remove older directors
 "Tata alters policies to consolidate group operations under one umbrella")
Fresh intake, higher offshoring in IT sector impacting revenue per employee
Adding to this, record number of hiring that the industry did means the bench at companies have gone up.
 "Fresh intake, higher offshoring in IT sector impacting revenue per employee")
BSE 200: Adani stocks outperform indices, Zomato down 57.8% in 2022 so far
Top gainers have surged between 50% and 315%, while new-age tech companies, such as Zomato and PB Fintech, have lost half their market value
 "BSE 200: Adani stocks outperform indices, Zomato down 57.8% in 2022 so far")
GMR Group to divest 30% stake in Indonesia's PT GEMS for $420 mn
The divestment will give thrust to GMR's non-airport business through reduction of leverage and give a platform for the growth of its clean energy initiatives
 "GMR Group to divest 30% stake in Indonesia's PT GEMS for $420 mn")
Sony-Zee merger can hurt competition, scrutiny needed, says CCI: Report
Zee in a statement said it continues to take all the required legal steps to complete all the necessary approval processes for the proposed merger
 "Sony-Zee merger can hurt competition, scrutiny needed, says CCI: Report")
SpiceJet reports combined loss of Rs 1,247 crore in Q4FY22 and Q1FY23
SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, and Rs 998 crore in FY19, FY20, and FY21, respectively
 "SpiceJet reports combined loss of Rs 1,247 crore in Q4FY22 and Q1FY23")
Virgin Atlantic expands India presence with codeshare agreement with IndiGo
The agreement will allow Virgin Atlantic to sell seats to passengers connecting onto IndiGo flights
 "Virgin Atlantic expands India presence with codeshare agreement with IndiGo")
SpiceJet delays salaries 2nd month in a row, payments in 'graded format'
SpiceJet employees alleged delay in the disbursal of salaries for the second straight month, with the budget airline saying the payments were being made in a "graded format"
 "SpiceJet delays salaries 2nd month in a row, payments in 'graded format'")
E-scooter makers at 'inflexion point'; August registrations up by over 10%
Spurt was led by Ather Energy that saw fourfold increase in registrations
 "E-scooter makers at 'inflexion point'; August registrations up by over 10%")
Sector majors line up for power ministry's 10 mn smart meter tender
The first phase of the tender is for procurement of 25 lakh meters which would be installed in states in the Central and Western region of the country
 "Sector majors line up for power ministry's 10 mn smart meter tender")