Page 2801 - Company News

Go big or bow out: Tata at crossroads as airline biz reaches critical point

India has been trying unsuccessfully to sell its unprofitable national airline for years

Coffee Day appoints late founder V G Siddhartha's wife as new CEO

Bengaluru-based Cafe Coffee Day runs hundreds of coffee shops across India that brew cappuccinos and lattes for India's booming moneyed class.

Taking a bite of Burger King's IPO could yield reasonable returns

Reasonable valuation, steady margin profile are positives

Finolex Cables targets Rs 500 cr revenue from new vertical by fiscal 2022

The company is eyeing at least Rs 500 crore revenue from its new consumer-facing electrical accessories business by the next fiscal.

L&T wins orders for supply of mining equipment to coal, cement sectors

S N Subrahmanyan, managing director and chief executive officer of L&T, said, these orders are a strong indication of the revival taking place in the mining industry

L&T bags orders for supply of 90 units of Komatsu Mining Equipment

The company did not disclose the value of the orders received.

Discoms' dues to generators jump 34% to Rs 1.2 trillion amid Covid-19 hit

The pandemic continues to have a wider impact on India's power sector in the current financial year, affecting both demand and supply, and hiking the stress levels of state discoms

NTPC offers to buy back its Rs 4,000 cr masala bonds from lenders

State-run power giant NTPC has made an offer to buy back its masala bonds worth Rs 4,000 crore from bondholders or lenders

Key data from Brazil-based world's 3rd largest plane maker Embraer leaked

Brazilian company Embraer which is the third-largest airplane maker after Boeing and Airbus, has become latest victim of a ransomware attack, reports said.

Franklin warns investors may lose for voting against $4 bn wind up plan

Electronic voting will take place Dec. 26 to 28 on the asset manager's plan, according to a statement from the company Monday

Mastercard to investigate allegations of child abuse against Pornhub

Mastercard said on Sunday it was investigating allegations against Pornhub.com following a newspaper column which said many videos posted on the adult website depicted child abuse

Pfizer working on cold storage issues to ensure temperature integrity

The company has developed detailed logistical plans and tools to support effective vaccine transport, storage, and temperature monitoring.

After NCR, DLF to delve into Mumbai, Chennai residential-property markets

The developer started concentrating on Delhi-NCR after selling some of its land parcels in cities such as Mumbai in 2012 to reduce debt.

RIL's multi-billion-dollar deals help Morgan Stanley top M&A league table

The US-based bank has advised 25 transactions with values touching as much as $28 bn; BoFA is second in the chart

Dabur, Marico hit out against each other at ASCI over claims on honey

Two leading homegrown rival FMCG brands Dabur and Marico are in an open spat with each other over claims regarding their honey brands and have taken the matter to advertising regulator ASCI.

Can Toyota Kirloskar-workers' standoff be test case for labour reforms?

Labour unrest is not new to this 23-year-old plant - there have been at least four since it was set up, with one lockout in 2014 stretching for over a month

Venture debt firm Alteria Capital readies new Rs 1,000-crore fund

Greenshoe of Rs 750 crore over target corpus likely if demand persists

With $700-mn war chest, PhonePe to fight Google, Amazon in rural India

PhonePe recently crossed the 250-million registered user milestone, with over 100 million monthly active users generating nearly 1 billion digital payment transactions in October alone

CBI books Unitech MD, family in Canara bank fraud; carries out searches

The Canara Bank has alleged that the company had been availing credit facilities from it on the basis of personal and corporate guarantees from Chandras

M-cap: Six of top 10 valued domestic companies add Rs 91,629 crore

During the last week, which was holiday-truncated, the Sensex rallied 929.83 points or 2.10 per cent.