Page 2931 - Company News
MD Mahendra Agarwal resigns from supply chain firm Gati's board
Supply chain solutions provider Gati Ltd on Tuesday said its founder and Managing Director Mahendra Agarwal has resigned from the board.
 "MD Mahendra Agarwal resigns from supply chain firm Gati's board")
Jio seeks early spectrum auction, says delay to hurt national exchequer
Reliance Jio has questioned the telecom department's rationale to pause the policy of spectrum auction every year and demanded that the sale of airwaves should be held at the earliest
 "Jio seeks early spectrum auction, says delay to hurt national exchequer")
Govt considers selling 25% stake in LIC to plug widening budget gap: Report
The government plans to amend the act of parliament under which the state-run LIC was set up to prepare for the sale, the people said, asking not to be identified as the discussions were private
 "Govt considers selling 25% stake in LIC to plug widening budget gap: Report")
After Voda arbitration, now Cairn expects $1.4 bn in losses from retro tax demand
British oil explorer Cairn Energyon Tuesday said it was seeking from the Indian govt Rs 10,300 cr in losses arising from the expropriation of its investments to enforce a retrospective tax demand.
 "After Voda arbitration, now Cairn expects $1.4 bn in losses from retro tax demand")
Groupe PSA brings Eurorepar products to India, signs pact with GoMechanic
To launch range of multi-brand, quality automotive products for Indian independent aftermarket industry
 "Groupe PSA brings Eurorepar products to India, signs pact with GoMechanic")
Etrio raises $3 million in series A to launch new EV product lines
The investment will fuel the company's foray into new electric vehicles in three wheelers and bicycle product lines
 "Etrio raises $3 million in series A to launch new EV product lines")
Walmart in talks to invest $25 bn in Tata Group's 'super app': Report
According to ongoing discussions between the two companies, the super app could be launched as a joint venture between Tata and Walmart
 "Walmart in talks to invest $25 bn in Tata Group's 'super app': Report")
Beijing Autoshow: Great Wall to boost overseas sales to ease overall drop
Great Wall earlier this year forecast overall sales would fall to 1.02 million vehicles this year from last year's sales of 1.06 million units
 "Beijing Autoshow: Great Wall to boost overseas sales to ease overall drop")
Cash strapped and under-capitalised, SP group faces biggest test ever
A shift from a low-risk project execution model to big bets on infrastructure and real estate projects has plunged the group into crisis
 "Cash strapped and under-capitalised, SP group faces biggest test ever")
DLF: Investors should be cautious given weak demand scenario, downside risk
Cost control efforts and ongoing consolidation are other triggers for the stock
 "DLF: Investors should be cautious given weak demand scenario, downside risk")
Mazagon Dock Shipbuilders IPO: Strong order book, zero debt bode well
Mazagon is India's only shipyard engaged in building destroyers and conventional submarines for Indian Navy
 "Mazagon Dock Shipbuilders IPO: Strong order book, zero debt bode well")
Tata Projects reworks bidding plan, risk management to boost profitability
At Rs 861.90 crore, Tata Projects is the winning bidder for a new complex that will house the country's legislative wing
 "Tata Projects reworks bidding plan, risk management to boost profitability")
Colgate investors may smile again on likely turnaround in toothpaste biz
Some recent reports by brokerages indicate an improvement in the company's market share, led by volume recovery
 "Colgate investors may smile again on likely turnaround in toothpaste biz")
Resolution Applicants get more time to submit final offer for Jet
Lenders had earlier asked the two parties for final offers the previous week, but post the meeting on Monday, both consortia have now been asked for their final offers by end of this week
 "Resolution Applicants get more time to submit final offer for Jet")
Tata Group courts potential investors for new digital platform: Report
Discussions with potential investors are at a very early stage and there's no certainty they will result in a deal, people familiar with the matter said
 "Tata Group courts potential investors for new digital platform: Report")
Bank fraud case: 4 Sterling directors declared fugitive economic offenders
A Delhi court on Monday declared four directors of a Gujarat-based pharma firm,Sterling Biotech Ltd (SBL), fugitive economic offenders in a Rs 8,100-crore bank fraud case
 "Bank fraud case: 4 Sterling directors declared fugitive economic offenders")
Telcos ask govt to auction E&V spectrum bands instead of de-licensing them
Spectrum in E&V bands can be utilised for both high-capacity access spectrum for voice and data services as well as backhaul link spectrum.
 "Telcos ask govt to auction E&V spectrum bands instead of de-licensing them")
Nabard clean chit to Reliance Commercial Finance, sees no fraud in GT audit
Nabard had classified the account of RCFL as "red flag" in February this year, which led to a detailed forensic audit of the company's books, delaying its sale.
 "Nabard clean chit to Reliance Commercial Finance, sees no fraud in GT audit")
MG Motors to invest Rs 1,000 crore more in India despite anti-China mood
The India arm of China's SAIC Motors has invested Rs 3,000 crore till now
 "MG Motors to invest Rs 1,000 crore more in India despite anti-China mood")
IPL 2020: Cricket apps climb up the order in play store downloads
Some indications of the size of the demand can be gauged from the fact that the total viewership on day one was 8.4 million viewers on Hotstar
 "IPL 2020: Cricket apps climb up the order in play store downloads")