Page 2809 - Company News
Australia a key market, Ola says amid reports of reduced operations
At a time when Covid-19 is pounding the transportation industry, it has been reported that Ola has closed local driver offices in Australia and suspended personal accident insurance for drivers there
 "Australia a key market, Ola says amid reports of reduced operations")
Deal talks between Embassy, logistic firms hit an impasse on valuation
Warburg Pincus has 70 per cent in the joint venture while Embassy has 30 per cent
 "Deal talks between Embassy, logistic firms hit an impasse on valuation")
Decoded: Unravelling the legal tangle around revised bids for DHFL
The DHFL saga has put the spotlight on the legal ambiguity in accepting bids beyond stipulated deadlines
 "Decoded: Unravelling the legal tangle around revised bids for DHFL")
Sandeep Kataria, Bata's Global CEO: An Indian footprint in a global brand
Experts say that Kataria's exposure with MNCs such as Unilever, Yum Brands and Vodafone have stood him in good stead, shaping his outlook and professional life
 "Sandeep Kataria, Bata's Global CEO: An Indian footprint in a global brand")
Garment exporters rejoice as US-China trade war proves to be silver lining
The Sino-US trade war has offset the pandemic-induced slowdown
 "Garment exporters rejoice as US-China trade war proves to be silver lining")
F Born AG sells Tata Coffee shares worth over Rs 23 crore via open mareket
F Born AG on Tuesday sold more than 22 lakh shares of Tata Coffee Ltd, worth over Rs 23 crore, through an open market transaction.
 "F Born AG sells Tata Coffee shares worth over Rs 23 crore via open mareket")
Honda posts 55% rise in domestic sales in November at 9,990 units
The company had sold 6,459 units in the domestic market in November 2019, Honda Cars India Ltd (HCIL) said in a statement
 "Honda posts 55% rise in domestic sales in November at 9,990 units")
Indian heritage SaaS cos to reach $18-20 bn in revenue by 2022: Report
SaaS (Software as a service) companies founded by Indian entrepreneurs are poised to reach USD 18-20 billion in revenue, with the potential to capture 7-9% share of the global SaaS market by 2022
 "Indian heritage SaaS cos to reach $18-20 bn in revenue by 2022: Report")
With Kataria at Bata helm, Indian-origin corporate honchos expand footprint
From FMCG majors to IT titans, Sanjiv Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporates across diverse sectors globally.
 "With Kataria at Bata helm, Indian-origin corporate honchos expand footprint")
Bookings on Mumbai-bound flights decline by 20% on Covid-19 curbs
Most bookings being made for travel within 15 days; some last-minute cancellations seen with new rule mandating RT-PCR test
 "Bookings on Mumbai-bound flights decline by 20% on Covid-19 curbs")
Royal Enfield domestic sales up marginally in November, exports double
Total sales during the month up six per cent, YTD sales down 30 per cent
 "Royal Enfield domestic sales up marginally in November, exports double")
Shapoorji Pallonji's Joyville to invest Rs 700 cr on Pune housing project
This project will have over 1,100 premium flats starting at an all inclusive price of Rs 64.4 lakh.
 "Shapoorji Pallonji's Joyville to invest Rs 700 cr on Pune housing project")
Bajaj Auto, Pierer Industrie AG start preliminary talks on stake transfer
This is to simplify the companies' shareholding pattern in premium bike maker KTM
 "Bajaj Auto, Pierer Industrie AG start preliminary talks on stake transfer")
IL&FS gets approval to sell road asset Jorabat Shillong Expressway
The proceeds of the sale of this asset will be distributed in accordance with the resolution framework approved by the NCLT.
 "IL&FS gets approval to sell road asset Jorabat Shillong Expressway")
Oyo recovering from Covid, has $1 bn to fund operations until IPO: CEO
Agarwal said the company's focus is on getting revenue per available room to 60 per cent to 80 per cent of pre-pandemic levels across all markets
 "Oyo recovering from Covid, has $1 bn to fund operations until IPO: CEO")
Kalpathi Group enters ed-tech space with Rs 50 cr investment in new venture
Veranda will offer training programmes in test preparation for all competitive exams in India
 "Kalpathi Group enters ed-tech space with Rs 50 cr investment in new venture")
Honeywell partners with IISc to fund startups solving societal problems
Some of these startups are also working towards Covid-19 solutions, including building a new class of eco-friendly specialty fluorescent dyes and a rapid point-of-care diagnostics test for use in low
 "Honeywell partners with IISc to fund startups solving societal problems")
Aurobindo Pharma completes sale of US subsidiary's Natrol to New Mountain
Drug firm Aurobindo Pharma said it has completed the sale of Natrol LLC, a wholly-owned unit of its US-based subsidiary, to private equity firm New Mountain Capital
 "Aurobindo Pharma completes sale of US subsidiary's Natrol to New Mountain")
Hershey's chocolates are not all that sweet for west African cocoa growers
The governments of Ivory Coast and Ghana have accused Hershey of maneuvering to circumvent premiums tacked on to the price of cocoa futures in order to raise incomes for hard-pressed cocoa farmers
 "Hershey's chocolates are not all that sweet for west African cocoa growers")
Maruti Suzuki's November sales increase 1.7 per cent to 153,223 units
Automobile major Maruti Suzuki reported a growth of 1.7 per cent in its overall sales during November 2020 on a year-on-year basis
 "Maruti Suzuki's November sales increase 1.7 per cent to 153,223 units")