Page 3053 - Company News
Voda-Idea to get Rs 833 cr refund as SC rejects govt plea against HC order
The refund was held back by I-T department citing possible future demands, Bomaby HC had ruled the power to do so did not exist in AY 2014-15, to which the case pertains
 "Voda-Idea to get Rs 833 cr refund as SC rejects govt plea against HC order")
GPay a third party app provider, not payment system operator: RBI to HC
The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22
 "GPay a third party app provider, not payment system operator: RBI to HC")
NFRA bans former Deloitte India partner for 7 years due to IL&FS case
Authority says independence of the statutory auditor in mind and appearance was totally compromised, accuses Udayan Sen of intentional reckless behaviour
 "NFRA bans former Deloitte India partner for 7 years due to IL&FS case")
Coal India to terminate FSAs with customers who renege on contracts
The monopoly miner said it is considering to stop any further FSAs with those customers, "who renege on committed agreements and decide to terminate their contracts abruptly"
 "Coal India to terminate FSAs with customers who renege on contracts")
Privatisation remains a priority despite Covid slowdown: DIPAM Secy
Says it is not that investors are not engaged, but they want more time. Because one thing that is not open yet is international travel
 "Privatisation remains a priority despite Covid slowdown: DIPAM Secy")
Infosys forms consortium to offer training, help job seekers in US
The consortium will leverage Infosys Wingspan and pymetrics' AI-based talent-matching platform to meet reskilling and employment needs raised by the Covid-19 crisis in America
 "Infosys forms consortium to offer training, help job seekers in US")
CCI okays acquisition of Krishnapatnam Port Co by Adani Ports and SEZ Ltd
The proposed transaction involves acquisition of equity shareholding along with management control of 100% of the total issued, outstanding preference share capital of Krishnapatnam Port Company
 "CCI okays acquisition of Krishnapatnam Port Co by Adani Ports and SEZ Ltd")
WhatsApp to partner with more Indian banks in financial inclusion push
WhatsApp will also expand pilot projects with banking and other partners to cover financial services such as pensions and insurance
 "WhatsApp to partner with more Indian banks in financial inclusion push")
Govt notifies incentive scheme for local API manufacturing to cut imports
According to a government notification, bulk drugs accounted for 63 per cent of total pharmaceutical imports in the country in 2018-19.
 "Govt notifies incentive scheme for local API manufacturing to cut imports")
Vodafone Idea brings all Idea postpaid subscribers under 'Vodafone RED'
The consolidation is a significant step towards its synergy realisations and has led to process standardisation for both the retail and enterprise customers
 "Vodafone Idea brings all Idea postpaid subscribers under 'Vodafone RED'")
GoAir launches GoMore scheme to book adjacent seat for social distancing
The city-based airline also announced the launch 'Online Doctor Consultation' facility in association with MFine, an on-demand healthcare platform
 "GoAir launches GoMore scheme to book adjacent seat for social distancing")
Unicorn fintech company Pine Labs invests in Malaysia-based Fave
Pine Labs processes payments of $30 billion per year and serves some 150,000 merchants across about 450,000 network points in Asia.
 "Unicorn fintech company Pine Labs invests in Malaysia-based Fave")
Better quality, supply resulted in gains of over Rs 3,125 cr: Coal India
An amount of around Rs 1,365 crore provisioned under coal quality variance in the earlier years has been withdrawn, in the last fiscal, which is the net gain to CIL on whole
 "Better quality, supply resulted in gains of over Rs 3,125 cr: Coal India")
RIL m-cap tops Rs 13 trn, cementing firm in world's top-50 most valued
In dollar terms, the company is now valued at $175 billion, fully-paid shares end at Rs 2,004, up 1.64 per cent, partly-paid shares at Rs 1,107
 "RIL m-cap tops Rs 13 trn, cementing firm in world's top-50 most valued")
Uber installing screens and cockpits in 20,000 cars for safer rides
The ride-hailing firm has already fitted them in 8,000 cars; the cost of installation is borne by Uber, and it comes free of cost to drivers
 "Uber installing screens and cockpits in 20,000 cars for safer rides")
JSPL back in the black; posts net profit of Rs 267 cr in June quarter
During April-June 2020, the company's total income declined to Rs 9,281.88 crore from Rs 9,945.58 crore in the year-ago quarter
 "JSPL back in the black; posts net profit of Rs 267 cr in June quarter")
Covid-19: Punjab's garment industry sees 70% drop in orders for winter wear
Unlike previous years when garment manufacturing units would work at full steam during this time of year, most factories are running at just 30-35% capacities
 "Covid-19: Punjab's garment industry sees 70% drop in orders for winter wear")
Buses, non-personal passenger cars to adopt electric mobility next: Report
India's first wave of electric mobility adoption has penetrated the two- and three-wheeler segments with a variety of new products
 "Buses, non-personal passenger cars to adopt electric mobility next: Report")
CARE puts rating for Rana Kapoor family owned firm in default grade
MCPL is a holding company having investments in various non-financial businesses
 "CARE puts rating for Rana Kapoor family owned firm in default grade")
Hindustan Zinc charts path as metal production falls in lockdown impact
With volume growth expected to be soft in FY21, higher base metal prices are crucial for upgrades
 "Hindustan Zinc charts path as metal production falls in lockdown impact")