Page 2642 - Company News

PV retail sales rise 28% YoY, 2-wheeler registrations dip 35% in Mar: FADA

Automobile dealers body on Thursday said PV retail sales in March witnessed a growth of 28.39% to 2,79,745 units, as compared to year-ago period which saw disruptions due to Covid-19 led lockdown

How the second Covid-19 wave could mar the summer of recovery for airlines

Occupancy in airlines is down to 60 per cent as number of cases rises and states impose travel curbs

Coffee Day stares at bankruptcy as asset sale fails to make headway

According to an exchange filing, for the March quarter, CDEL's outstanding debt was Rs 280 crore

Dixon partners with Bharti to make telecom equipment under PLI scheme

The JV is targeting the Bharti group to pick up 80-85 per cent of the value of its cumulative sales of five years

Growth triggers, valuations drive Britannia stock; Covid impact subdued

Market share improvement, uptick in margins to sustain gains over the medium term

IL&FS sells environment arm to Eversource; pares total debt by Rs 1,200 cr

Transfers 4,000 employees, including consultants, to new promoter; saves Rs 50 cr a year in the process

French carmaker Citroen drives into India with Rs 29.9-lakh C5 Aircross SUV

In a first, company to deliver car at customer's doorstep from the factory

Steady rise in metal prices is a big risk for the automotive industry

Analysts expect more pain for automakers since prices of steel and non-ferrous metals, such as copper, aluminium, and zinc, have increased further in three months

Vehicle scrapping: M&M inks agreement with Mahindra MSTC Recycling

Mahindra MSTC is into acquiring used/end-of-life vehicles for dismantling and scrapping. The pact will enable M&M customers to get a hassle free and transparent deal under one roof

PLI scheme for air conditioners fails to excite local manufacturers

Lack of incentive for incremental assembly may delay investments

Sebi imposes penalty of Rs 25 cr on Mukesh Ambani, Anil Ambani, others

The charge: Promoter stake in RIL raised by 6.83% in Jan 2000, on conversion of warrants issued in 1994, without making open offer as per SAST rules of 1997

Vedanta open offer subscribed just 58% after failed delisting bid

Following open offer, promoter holding in Vedanta is set to rise by 10%. Currently, promoter group holds 55.1%. Had the maximum 651 mn shares been tendered, promoter stake would have risen to 72.6%

Buoyed by govt sops, Air Works seeks investors as it looks to expand biz

The company has recently opened a new facility at Cochin and is looking for business from foreign airlines

India, China border woes hit Bird group's electric hatchback car plans

According to experts, the car was expected to have a price tag of Rs 10 lakh and launched this June

ReNew Power lines up $9 billion over 4 years in India's green push

The company plans to triple capacity to 18.5 Gw by 2025

NCLT admits insolvency plea against Oyo unit, firm challenges it

OYO founder took to Twitter to clarify on rumours that the hotel aggregator chain had filed for bankruptcy

Remdesivir output to be ramped up as Covid-19 cases rise sharply

Zydus had recently also slashed prices of its remdesivir brand Remdac to Rs 899 per dose

Numaligarh Refinery evaluates re-entering fuel retail biz via petrol pumps

Development follows govt's move to make BPCL shed stake in Assam Accord refinery (as NRL is popularly called). The stake was recently picked up by fellow PSUs Oil India and Engineers India

Flipkart V-P and group general counsel Bijoya Roy quits e-commerce giant

Roy has joined French spirits group, Pernod Ricard, as general counsel for South Asia and will take up the new role on April 12, 2021, according to the sources

Bharti AXA Life, Fincare SFB join hands for bancassurance partnership

Bharti Axa Life and Fincare Small Finance Bank have joined hands for a bancassurance partnership under which the bank will sell insurance policies to its customers.