Page 3019 - Company News

Air India allowing travel agents to sell seats only on select flights

Air India said it has received several complaints from passengers about overcharging by agents or their sub-agents

How Chandra Shekhar Ghosh plans to stay focused on country roads

About 71% of Bandhan's banking outlets are located in rural and semi-urban areas

Telecom can't afford duopoly: Jindal asks govt to ensure Voda Idea survives

Vodafone Idea's net worth has completely eroded and it faces Rs 58, 254 crore adjusted gross revenue liability

Shapoorji real estate arm enters Rs 750-crore debt financing deal

According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent

Siemens posts Rs 2 cr loss in June quarter due to Covid-19 disruptions

In the year-ago period, the company logged a profit of Rs 250.1 crore, a BSE filing said.

Vodafone Idea may go for fund raising after AGR verdict, plans tariff hike

Discarding 2G is wrong, says CEO; company highlights five-point strategy to increase revenue and profit

Walmart Labs' Indian entity to be known as Walmart Global Tech India

The technology arm of the US retail giant said the move is part of the launch of its new global identity as Walmart Global Tech.

Adani Transmission's profit before tax rises 50% in June quarter

For the April to June period, Adani Transmission reported a PBT and deferred assets recoverable of Rs 481.97 crore, up 50 per cent.

I am optimistic that history will indeed repeat itself: Anand Mahindra

"Life has led us full circle," said Mahindra, alluding to 2002

Faster business recovery reviving investor trust in Pidilite Industries

After almost zero business in April and some recovery in May, June was a month of significant recovery for Pidilite

Varun Beverages: Good recovery, better margin outlook augur well for stock

Though out-of-home consumption is still under pressure due to the coronavirus pandemic, rising in-house consumption of carbonated soft drinks (CSD) is partly reducing the pressure on overall volumes

M&M inducts Nisaba Godrej and Muthiah Murugappan as independent directors

Firm seeks shareholders nod to reduce stake in Ssangyong Motor

M&M pulls out of bid to supply trucks to US Postal dept in $6.3 bn deal

Firm to review operations of US arm, is in the midst of a restructuring exercise that is aimed at improving shareholders return on equity

Covid-19 impact: M&M Q1 profit skids 97% as auto sales hit speed bump

Farm equipment's robust performance cushions the impact

Domestic solar gear makers seek level-playing field for units in SEZs

Industry said without a level-playing field, domestic manufacturers in SEZs will have to shut shop and "may see job losses in tune of 15,000 people"

Murugappa Group's Tube Investments buys controlling stake in CG Power

The two companies entered into an agreement for issuance and allotment of equity shares and warrants totalling to Rs 700 crore on Friday

Solar energy firms in SEZs pitch for equalisation levy on domestic supplies

The industry is pushing for an equalisation levy of 1-2 per cent on solar equipment supplied to the domestic market from SEZ units, whereas the BCD could be in the range of 15-20 per cent

M&M eyes strategic partnership in EV biz, no Covid impact on launch plans

The auto major, which reported a 94 per cent decline in consolidated profit at Rs 54.64 crore for the June quarter, also said there is no impact of Covid-19 on its EV launch plans

We will continue investing in successful biz for the future: Anand Mahindra

The Covid-19 crisis, however, has given us an opportunity to reboot our thinking, to reinvent our approach and to recommit ourselves to our financial goals"

Adani Electricity sells 1.19% shares worth Rs 202 crore in YES Bank

Adani Electricity Mumbai Ltd (AEML) has sold shares worth Rs 202 crore in Yes Bank