Page 3173 - Company News

Voda Idea's viability remains clouded despite near-term liquidity support

'Longer term viability of VIL continues to remain under cloud,' noted Credit Suisse in a report

ArcelorMittal India FY20 steel output at record level of 7.23 mn tonnes

Production up 5% from last year despite challenging economic conditions, including Covid-19 fallout

Voda, Airtel may go the Jio way, scout for tech giants looking for tie-ups

Telcos could explore equity tie-ups with tech majors

Facebook, RIL to offer smart videoconferencing, mixed reality solutions

On Wednesday, Facebook announced a deal in which it took 9.9 per cent stake in Jio Platforms, a fully-owned subsidiary of Reliance Industries, for Rs 43,574 crore.

Tata Group-owned Jaguar-Land Rover to revive largest plant by mid-May

JLR's factories around the world will opened in a sequential manner that will be determined by the conditions and government laws around the coronavirus epidemic

Ashok Leyland acquires 3.36% share in Hinduja Leyland Finance

The acquisition is part of the 6.99 per cent acquisition approved by the Board at the meeting held on March 21, 2020.

We'll come out stronger from this situation: Infosys CEO Salil Parekh

Parekh said that as the situation improves, the company is 'extremely comfortable that we will emerge stronger'

Bharti Infratel's Q4 consolidated net profit rises 6.89% to Rs 649.50 cr

Consolidated revenue of the company increased 0.7 per cent YoY to Rs 3,624 crore during the quarter under review

Govt to suspend up to 1-year IBC provisions that trigger insolvency cases

The sources said an ordinance would be promulgated to suspend three sections of IBC for up to one year and a decision in this regard was taken by the Union Cabinet on Wednesday.

Telecom infra players urge states to reduce power tariffs amid coronavirus

The industry body has written letters to 26 states and two union territories seeking relief

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

SpiceJet lessors in talks to reclaim planes over missed payments: Report

One of the leasing companies started to pull out a few planes earlier this year after SpiceJet failed to pay maintenance fees due since late last year

India to test 100-yr-old vaccine on adults as war on Covid-19 hots up

The 100-yr old vaccine has an established safety profile; if effective, it can hit the market within this year

S&P lowers Future Retail's issuer credit rating from 'B-' to 'CCC-'

Operating cash-flows to stay weak for two months

Reliance Jio connects with Facebook for $5.7-billion equity deal

Investment values Jio Platforms at Rs 4.36 trn; US giant gets 9.99% stake, board seat; collaboration is non-exclusive

Kotak Mahindra Bank plans to raise Rs 7,500 cr via sale of equity shares

Private lender board approves proposal to issue 65 million new shares.

Vodafone-Idea parent makes $200 mn advance payment amid coronavirus crisis

The payment was due in September 2020 under the terms of the contingent liability mechanism with Vodafone Idea

YES Bank scam: DHFL promoters seek protection from arrest amid lockdown

The court has asked the Enforcement Directorate (ED) to file its reply on Thursday and directed the agency not to take any coercive action until then, the lawyer added

Covid-19: India told airlines to stop selling tickets, but they wouldn't

Four of the country's top six airlines, which together control 80 per cent of the local market, are selling domestic flight tickets for as soon as the third week of May

Ashok Leyland to resume operations at Alwar, Bhandara, Pantnagar plants

Company will restart production in line with demand after preparing supply chain.