Page 3215 - Company News

Yatra waives flight cancellation charges amid coronavirus outbreak

Shringi said "For regions where airlines have cancelled their existing and new flights we are offering full refunds to our customers."

Economic environment in aviation sector has deteriorated: IndiGo official

Asking the pilots to not believe any hearsay, Mitra added that the airline will keep them updated

RIL projects lift industrial investments to record high at Rs 17.9 trillion

Mukesh Ambani's 18 big-ticket chemical projects help domestic industrial investment rise by 15.4 trn in 2019

AGR dues: Supreme Court lashes out at DoT, telcos; says must pay all dues

It ordered the telecom department to immediately withdraw the move of allowing self-assessment of dues

Ashok Leyland to acquire additional 19% stake in Hinduja Leyland Finance

The cost of acquisition will be not be exceeding Rs 1,200 crore, on cash consideration

ITC fixes dividend payout for shareholders at 80-85% of profit after tax

The company's financial capacity to address any contingencies is also a consideration while declaring surplus cash as dividend

Air India crew union calls airlines' cost-saving measures illegal

Around the world, airlines are responding to COVID-19 crisis with sharp reduction in capacity, pay cuts and layoffs

Bike Taxis wage hygiene war on Covid-19 with cleaner seats and half-helmets

Remote working also being adopted for staff safety; masks and sanitisers for rider-partners

Advance corporation tax collection falls over 10% in Apr-Mar FY20

Total direct tax collections fell over 5 per cent, standing at Rs 9.57 trillion, till March 18 against the revised target of Rs 11.7 trillion for the current fiscal

NCLT grants 90-day extension to Jet Airways for resolution process

This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.

Airtel, Voda-Idea to pay Rs 7881 crore a year if AGR is staggered

Bharti Airtel has already paid Rs 18,000 crore of its AGR dues

Flaws in Today Homes IBC process, UVARC demands offer to be reconsidered

The CoC in this case comprise over 1,757 residential flat owners spread across 18 towers and 21 commercial units in Noida. No banks are creditors

Maruti's BS-VI sales in 11 months to February zoom past its BS-IV offtake

Firm says it had begun upgrading its engines to BS VI in 2016 after Govt announced the 2020 deadline. At that time, Indian auto sector hadn't even shifted to BS IV completely

Brands break gender stereotype as PepsiCo, Hero bring in women cricketers

Brands are turning to women cricketers also as part of a larger shift in the advertising narrative.

Coronavirus: Exporters want easier NPA norms, advance tax rules to survive

FIEO says large-scale order cancellations, supply chain disturbance, troubled delayed or even non-payment of bills could force several units to shut down

Coronavirus impact: Vistara joins GoAir to suspend international flights

CAPA projects Indian airlines to post $500-600 mn loss in Q1 FY 2021, says most airlines in the world will be bankrupt by May end

NCLT allows 90 days' extension for Jet Airways insolvency process

The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks

Volkswagen drives in new SUV T-Roc in India priced at Rs 19.99 lakh

The model comes with 1.5 litre petrol engine mated to a seven-speed DSG gearbox

Govt needs to infuse Rs 3,000 cr in Air India as sale to get delayed: CAPA

In January, the government restarted the divestment process of the carrier and invited bids for selling its 100 per cent stake in both Air India and Air India Express

IndusInd Bank says it's 'well-capitalised, profitable' after market rumours

IndusInd Bank says its gross non-performing assets in December quarter 2019 stood at 2.18 per cent: lowest among large private sector banks.