Page 2951 - Company News

Govt weighs dropping debt condition in plan to sell Air India: Report

Despite the losses, the airline has some lucrative assets which include prized slots at London's choked Heathrow airport, a fleet of more than 100 planes and thousands of trained pilots and crew

Kia's second coming with its new compact utility vehicle Sonet

With the Sonet, the Hyundai subsidiary is hoping to replicate the successful debut it had with the Seltos

Facebook India names ex Ola exec Arun Srinivas Head for Global Business

Social media giant Facebook on Monday said it has appointed former Ola executive Arun Srinivas as the Director of Global Business Group in India

IT peripheral firm BenQ expects India business to grow 15-20% in 2020

Before Covid-19, two-thirds of BenQ's business came from sales of projectors and interactive flat panels and one-third of business was being contributed by monitors

Infosys to acquire Czech-based GuideVision for up to 30 million euros

IT services major Infosys on Monday said it will acquire Czech Republic-based GuideVision for up to Rs 260.4 crore

Wipro, US-based ProcessMaker ink pact to serve customers in Latin America

Wipro Limited and ProcessMaker announced a partnership for delivering workflow management solutions to the Bengaluru-headquartered firm's customers in Latin America

L&T bags multiple orders across business segments in domestic market

Larsen & Toubro said its construction arm has received multiple orders across business segments in the domestic market

iPhone makers among biggest winners in India's $6.6 bn manufacturing plan

At a cabinet meeting on Wednesday, the Indian government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years

Carlyle may take $2 billion stake in retail arm of Reliance: Report

Carlyle Group is looking to invest up to $2 billion in Reliance Industries' retail business

Vedanta Resources leads India surge in dollar loans to fund local buyouts

Vedanta, the London-based commodity conglomerate controlled by billionaire Anil Agarwal, raised a $1.75 billion facility in August to finance a plan to take its Indian unit private

Micron Technology partners top varsities to foster tech innovations

The US-based company has introduced the Micron University Research Alliance (URAM), which will focus on building talent in science, technology, engineering and math

The Kia Sonet is a feature-rich compact SUV with funky body language

On the highway, it pulls along with ease and offers smooth commuter ride and drive experience, and also has little competition

Shapoorji Pallonji group may sell S&W stake as Tatas nix Brookfield plan

Group may seek debt moratorium at real estate project level or even sell land parcels across India, say analysts

Paracetamol curbs amid Covid-19 pandemic dent sales during monsoon

Sales of paracetamol are typically high during monsoon when cold and flu ailments are common

Covid-19 impact: New lending formula for road projects on the anvil

The government is looking at an average of the marginal cost of funds-based lending rates, or MCLRs, of several lenders for road construction projects

MNC stocks ruling the roost since 2008, public sector firms remain laggards

Family-owned units rank second, while public sector firms remain laggards

Telcos must fork out Rs 44,000 crore to replace expired spectrum

The figure is based on the base price of spectrum for the upcoming auction fixed by the TRAI and on the assumption that there will be no bidding war

US-based fund DVI invokes force majeure clause in Amtek's debt resolution

While a force majeure clause is common in commercial contracts, in an IBC case, the committee of creditors (CoC) generally doesn't agree to including such a clause in the resolution plan

Ecom Express to create 30,000 temporary jobs ahead of festive sales

E-commerce firms see a large chunk of their business coming in during festive sales and they make significant investments ahead of time to ramp up capacity

Durables firms prepare for Dussehra-Diwali amid slow economic recovery

Over a third of durable sales happens in the festive season, with companies setting themselves up for the season from Aug-Sept, pushing their products into trade and lining up their festive campaigns