Page 2881 - Company News

Govt issues notices to Amazon, Flipkart for not showing mandatory info

The development comes at a time when Amazon and Flipkart are hosting their biggest festive sale events. The firms have been asked to reply to the notices within 15 days.

Indiabulls Housing Finance sells more stake in OakNorth for Rs 220 crore

The mortgage lender has said the proceeds will be used to bolster the capital adequacy ratio of the lender.

Audi banking on entry-level luxury car segment to widen customer base

Audi India launched its luxury entry-level SUV Q2 in India priced between Rs 34.99 lakh and Rs 48.89 lakh

Global demand uncertainty to continue to weigh on Tata Motors: Moody's

Brexit an added worry for wholly-owned subsidiary JLR

CARO 2020: Wary of increased scrutiny, auditors and firms attempt push-back

Auditors and business are wary of the new audit guidelines

JK Tyre, other companies face antitrust scrutiny in bid-rigging case

CCI last year ordered a probe after the northern state of Haryana said JK Tyre employed unfair trade practices while bidding to supply tyres for public transport vehicles

Festive stocking pushes up passenger vehicle sales in September

Vehicle manufacturers had increased inventory amid expectation that retail sales would pick up during festivals

Coal India announces Rs 1,700 cr performance-linked reward to employees

This is linked to the attendance of the employees during the period, Coal India (CIL) said in statement.

Haldiram's crucial data stolen; hackers demand Rs 7.5 lakh to release info

Hackers have allegedly stolen crucial data of popular food and snack company Haldiram's and have demanded Rs 7,50,000 for releasing the information which includes financial and sales details

Coursera CEO on merits of online learning combined with remote working

Jeff Maggioncalda tells Anjuli Bhargava how online learning combined with remote working can be a game changer for disadvantaged societies

Office properties grab lion's share of realty's $2.31 bn PE investments

The segment accounts for 81% of PE funds flowing into the real estate sector betwen Jan 1 and Sept 30; residential segments gets 9%

BPCL plans to merge Bharat Oman Refineries with self before sell-off

In March, BPCL had increased its stake in BORL by conversion of Rs 650-crore worth of warrants into shares, raising its stake to 63.38 per cent from 50 per cent

UPL stock tanks after auditor of Mauritius subsidiary steps down

The communication on Thursday said that the auditor of the UPL Corporation (UPL's Mauritius subsidiary), KPMG Mauritius, had resigned with effect from October 8, 2020

Blackstone nears $2 billion India property deal with Prestige: Report

The US private equity group is in advanced talks to acquire Prestige Estates Projects' rent-yielding assets including offices and operating malls

WhatsApp Pay gears up to take on rivals Google Pay, PhonePe and Paytm

Messenger app has an average monthly download of 30.8 mn

Tech Mahindra signs agreement to form joint venture with Sumitomo Corp

IT company Tech Mahindra has signed an agreement with Japan-based Sumitomo Corporation for setting up a joint venture to provide engineering service to the automotive sector

Religare Health Insurance re-brands as Care Health Insurance

Health insurance provider Religare Health Insurance has re-christened itself as Care Health Insurance.

Multiplexes expect 25% rise in operating cost due to Covid-19 SOPs

Multiplex operators expect up to 25 per cent rise in their operating costs on account of the mandatory standard operating procedures as they reopen after being shut since the outbreak of coronavirus

Lockdown impact : L&T Hyderabad Metro Rail suffers Rs 916 cr loss during H1

L&T Metro Rail (Hyderabad) suffered Rs 916 crore loss during the first six months of the current fiscal following a prolonged lockdown to contain coronavirus

ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments

Products will be sold via the firm's hypermarkets and will largely target users in the MSME space