Page 2982 - Company News

Vistara operates its first long-haul flight from Delhi to London

The full-service carrier is scheduled to operate special thrice-weekly flights from August 28 to October 24 between the two cities, it said in a statement

JioMart sees order flow at four times of pre-lockdown period for kiranas

Robust omni-channel network in the offing, says Reliance Retail's FY20 annual report

Chai Point to foray into packaged food segment via digital route

Chai Point currently has over 65 per cent of its 175 stores up and running with per store orders already touching the pre-Covid-19 levels as it has opened new avenues for ordering

Vistara's loss widens to Rs 1,814 cr in FY20 on higher running costs

This is the highest single-year loss for the Tata Sons-Singapore Airlines joint venture since its began operations in 2015

Covid-19: MIAL headed for debt restructuring under RBI's special window

RBI has formed a panel under the chairmanship of K V Kamath to advise on debt restructuring of corporate borrowers facing stress due to the pandemic.

Multiplex chain PVR found guilty of profiteering, but escapes penalty

PVR escaped penalty because it voluntarily deposited Rs 13.72 lakh along with interest worth Rs 35,800 to the consumer welfare fund

NMDC board okays demerger of three-mn-tonne Chhattisgarh steel plant

The plant is the only greenfield project slated for commissioning in the near term. Sources said it would have been commissioned by now had it not been for Covid-19

'Country of origin' compliance adds to worries of e-commerce sellers

Many of the online sellers are struggling even to follow the compliance of providing information related to the maximum retail price and best before date of products, according to LocalCircles

Europe to lead recovery for Indian IT firms in September quarter: Analysts

$825 bn stimulus package announced by the European Commission to help banking, financial services insurance sector.

Recovery of port volumes, market share gains bode well for Adani Ports

For Adani Ports, after a 27 per cent volume fall in the June quarter, they increased 6 per cent in July.

Indiabulls Ventures to raise Rs 588 cr from six foreign investors

"The total equity investment by the investors would aggregate to Rs 588 crore, equivalent to $80 million in the company," Indiabulls Ventures said

Re-rating potential in Tech Mahindra as growth outlook improves

Rising focus on network upgradation and spending on 5G equipment by telecom industry augurs well

ICICI Bank sells 2% stake in subsidiary ICICI Securities for Rs 310 crore

ICICI Bank on Friday said it has sold 2 per cent stake in its subsidiary firm ICICI Securities Ltd (I-Sec) through an open market transaction for Rs 310 crore

Covid-19: Delhi hotels' revenues declined 44.3% during Jan-Jul, says JLL

Delhi saw a year-on-year decline of 44.3 per cent in revenue per available room (RevPAR) in the hotel sector between January and July, property consultant JLL India said on Friday.

Use of galvanised steel set to rise in large-scale infra development: HZL

"As India is on its way to large-scale infrastructure expansions, use of galvanised steel in construction is set to rise," Hindustan Zinc CEO Arun Mishra said

Liberty General promoters infuse Rs 100 cr; firm quells stake sale rumours

Liberty General on Friday said its promoters have infused Rs 100 crore in the company last month, reflecting their confidence in the firm's ability to build a substantial business in India

NCLAT sets aside insolvency proceedings against Sarda Agro Oils

NCLAT set aside the insolvency proceedings initiated against Sarda Agro Oils citing that claims were filed by the lender three years after declaring the account as NPA

Traditional firms take on Covid-19 through innovative firsts in market

"Immunity and antiviral have become the key words but consumers are not gullible and if they see through a company's claims, it loses the game even before it has begun it," said Harish Bijoor

Dubai-based Seclink Tech to rebid for Dharavi redevelopment project

The proposed redevelopment plan envisages giving 350 sq ft carpet area for homes to 67,000 residents of the largest slum

NMDC approves demerging steel plant as Baghel protests 'privatisation'

Demerger of Nagarnar plant could create generate funds for the centre but the state's government is likely to read it as a step toward privatisation.