Page 2279 - Company News
Salesmen threaten consumer cos with supply disruption over discounts to RIL
Ambani's deeply discounted offerings were prompting more stores to order their digitally from his JioMart Partner app, posing an existential threat to more than 450,000 company salesmen
 "Salesmen threaten consumer cos with supply disruption over discounts to RIL")
HC to hear RInfra plea on Monday against DMRC to enforce SC order
The Supreme Court has dismissed the review petition filed by state-owned firms against its order upholding an arbitral award to Reliance Infrastructure subsidiary.
 "HC to hear RInfra plea on Monday against DMRC to enforce SC order")
Ahead of IPO, LIC lowers net NPA to 0.05%, improves asset quality
Ahead of its proposed initial public offering (IPO), insurance behemoth LIC has improved its asset quality for the financial year ended March 2021.
 "Ahead of IPO, LIC lowers net NPA to 0.05%, improves asset quality")
Focus on expanding into new categories, international markets: Unacademy
Unacademy is focussed on aggressively building out its presence across new categories and explore international expansion in the next few years, its co-founder Roman Saini said
 "Focus on expanding into new categories, international markets: Unacademy")
In protest against Reliance, salesmen warn kiranas of supply disruptions
Company's deeply discounted offerings were prompting more stores to order their digitally from JioMart Partner app, posing an existential threat to more than 450,000 company salesmen.
 "In protest against Reliance, salesmen warn kiranas of supply disruptions")
M-cap of seven most valued firms rises over Rs 1.29 trn; TCS tops list
Reliance Industries Limited, ICICI Bank and Bharti Airtel were the three laggards from the top-10 list
 "M-cap of seven most valued firms rises over Rs 1.29 trn; TCS tops list")
Codeshare with IndiGo to be implemented by March: American Airlines
American Airlines is in the process of getting requisite approvals from the US government for its codeshare agreement with IndiGo airlines and the partnership is likely to implemented by March 2022
 "Codeshare with IndiGo to be implemented by March: American Airlines")
Confusing signals for OMCs with crude supply-demand equation set to change
Lower oil prices can improve margins, but they could impact inventory value while a third Covid wave can potentially hurt growth
 "Confusing signals for OMCs with crude supply-demand equation set to change")
Dish TV, facing a notice from Yes Bank, to hold AGM on Dec 30
On November 29, Dish TV had postponed its AGM for a month after getting regulatory approval from the Registrar of Companies, Mumbai
 "Dish TV, facing a notice from Yes Bank, to hold AGM on Dec 30")
Bata India to bet on franchise model for expansion in near future
Bata, while announcing its results for Q2FY22, said that it continued with its retail expansion drive in tier 3-5 cities through franchise route, taking the overall tally to 270+ as on date
 "Bata India to bet on franchise model for expansion in near future")
After Gurugram plans, Ikea eyes mega presence in Delhi to boost growth
After announcing its plans to enter Gurugram, Sweden-based Ingka Group's home furnishings brand Ikea plans to have stores in Delhi as well as Noida.
 "After Gurugram plans, Ikea eyes mega presence in Delhi to boost growth")
Didi shares plunge 20% on plan to delist from New York Stock Exchange
By Julie Zhu and Kane Wu
 "Didi shares plunge 20% on plan to delist from New York Stock Exchange")
Vu TV refocuses its sales strategy on emerging market of high earners
Vu Store went live on December 1, and is housed in a new retail business called VU D2C Private Limited
 "Vu TV refocuses its sales strategy on emerging market of high earners")
CV sales rise 11% in November on low base, pickup in economic activity
Had it not been for shortage of CNG kits and semiconductors, overall sales would have expanded more, say industry players
 "CV sales rise 11% in November on low base, pickup in economic activity")
Morgan Stanley, EY top 2021 M&A league table, Barclays in third spot
M&A activity by Indian companies rose to $61 billion in 2021 as compared to $56.7 billion reported in calendar 2020
 "Morgan Stanley, EY top 2021 M&A league table, Barclays in third spot")
Won't be able to meet targets, extend PLI by a year: Telecom gear makers
Some of the companies have made it clear that they will not be able to meet their stiff incremental investment and production targets for the first year
 "Won't be able to meet targets, extend PLI by a year: Telecom gear makers")
Commissioned 10 PSA oyxgen plants in J'Khand, says Tata Steel Foundation
Tata Steel Foundation on Friday said it has commissioned 10 state-of-the-art Pressure Swing Adsorption (PSA) oxygen plants at various locations across Jharkhand.
 "Commissioned 10 PSA oyxgen plants in J'Khand, says Tata Steel Foundation")
Multiple price hikes could impact demand of footwear companies, say experts
The increase in product prices are on account of higher input costs, GST hike
 "Multiple price hikes could impact demand of footwear companies, say experts")
India adopting most progressive data protection, crypto laws: Mukesh Ambani
Ambani, who owns Reliance Jio, India's largest mobile service provider, also lent support to blockchain and real time tech to improve financial access
 "India adopting most progressive data protection, crypto laws: Mukesh Ambani")
PMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan
The Court asks him to approach High Court
 "PMC Bank fraud case: SC refuses to entertain bail plea of Rakesh Wadhawan")