Page 2822 - Company News

Vedanta Resources under pressure, sounds out bondholders on debt extension

This comes after the company failed to delist its India unit

Share of rural mkt grows in passenger car sales with more first time buyers

Factors that helped rural sales included a good monsoon, an excellent rabi crop and a relatively lesser spread of the Coronavirus

AirAsia India tells agents it is well funded, committed to expansion

Communication comes in the backdrop of its Malaysian promoter's move to review India investment, which sparked concerns about airline's exit from India

In final stages of consolidating Walmart India: Flipkart Wholesale

In July, Flipkart announced the acquisition of Walmart India for an undisclosed amount, and launched 'Flipkart Wholesale'

Bombay HC refuses to stay merger of Lakshmi Vilas Bank, DBS India

The merger is set to be effective from November 27.

Google India posts 35% jump in full-year revenue, profit climbs 24%

Total expenses rose 30.4 per cent in the same period

Razorpay, Visa tie up to help small businesses tackle Covid impact

With higher credit limit than other corporate and personal cards, RazorpayX's corporate cards will empower founders to free up working capital expenses with zero personal risks and liability

Look into RBI's culpability in Lakshmi Vilas Bank's failure: AIBEA

The bank employees' body said the merger of LVB with the Indian subsidiary of a Singapore-based bank is goes against the Centre's 'Aatmanirbhar Bharat' policy.

SpiceJet launches dedicated freighter services to Leh in Ladakh

The flight was operated by SpiceXpress, the dedicated cargo arm of SpiceJet.

Power sector employees stage protest against privatisation of discoms

They also demanded withdrawal of Electricity (Amendment) Bill 2020

Skoda India's plea to quash FIR for alleged use of cheat device dismissed

On November 4, the SC had reserved the verdict on the plea saying as to why should not the investigation go on in the case.

Swedish furniture giant IKEA to begin work on biggest outlet in Noida

The company has committed to completing the project by 2025.

S&P downgrades DIAL's rating to 'B-' over heightened liquidity risk

S&P has kept the ratings on CreditWatch where they were first placed with negative implications on March 20, 2020

Tube Investments to allot shares worth Rs 350 cr to Premji Trust, SBI MF

The shares will be alloted on a preferential/ private placement basis to non-promoter entities

Tube Investments to allot shares worth Rs 350 cr to Premji Trust, SBI MF

The shares will be alloted on a preferential/ private placement basis to non-promoter entities

Qualcomm's contrarian call: Bets on faster adoption of 5G phones in India

The US chipset maker plans to stay a step ahead of the market by launching products to power cheaper smartphones even before services are launched

Small traders likely to feel the pinch as govt bans 43 mobile apps

Small to medium businesses key user base of logistics and transport apps Lalamove and Drive by Lalamove

Higher costs and Covid curbs to weigh on airline profitability, revenues

Comfort of cheaper turbine fuel evaporates as crude prices hit highest level since March

Fintech company BharatPe aims to become a bank for small merchants

The firm, which provides technology and digital lending for offline businesses including kiranas, has witnessed $2-billion annualised business transactions for its POS segment in just three months

JSW Cement arm plans Rs 1,500-crore capital expenditure in Odisha

Once commissioned, the proposed clinker unit will service JSW Cement's manufacturing facilities across East India and is expected to create around 500 direct and indirect jobs