Page 3227 - Company News

Coronavirus may halt tourism, aviation; Visa suspension to cost Rs 85 bn

Assocham Tourism and Hospitality Council Chairman Subhash Goyal said since the outbreak of coronavirus, the aviation and tourism industries in India have been adversely affected.

Nestle, HUL, Asian Paints, Airtel stocks show resilience amid market mayhem

All these stocks' fortunes are linked to domestic consumption, rather than global growth.

Drop in demand due to travel curbs may stall airline revenues in Q4

Sharp fall in crude oil prices, however, is a positive

Zydus Wellness gets a Complan boost, Sourav Ganguly's star power for brands

Over a year since the company acquired Complan, Glucon-D and Nycil, it is redrawing the marketing formula around its newly acquired brands

Accord Group enters pharma business, targets sales in 18 states

The company has invested around Rs 600 crore into a manufacturing facility in Chennai and plans to invest around Rs 1,500 crore by March 2022, for R&D, acquisitions and others as part of expansion

Hotel stock investors fear June quarter due to coronavirus impact

Hotel stocks are likely to remain under pressure until the situation comes under control

NCLAT accepts fresh 'pro-rata' distribution framework for IL&FS creditors

The appellate tribunal rejected the objections raised by the creditors, which wanted the NCLAT to follow Section 53 of IBC for distribution of funds

NCLAT rejects Dighi port promoters' plea challenging insolvency proceedings

The NCLAT said that the matter was already pending before the NCLT for passing the order

Earnings dip after coronavirus may test corporate India's resilience

Analysts see an immediate impact for companies in metals and mining, and oil and gas sectors

Coronavirus fear: Airlines, travel firms grapple with cancellation requests

Those with reservations face potentially steep losses for cancelling; those contemplating trips must weigh the risk of getting sick or being quarantined

Uncertainty around Coronavirus to keep cement prices stagnated: Experts

The construction sector is also likely to feel the jitters in case of a protracted domestic crisis due to the virus as it imports significant amount of products from China

End of exclusivity period will ensure fair play in gas pipeline business

The PNGRB is now taking careful ste­ps to draft regulations on how to end the exclusivity and the subsequent issues of tariff and sharing of the existing infrastructure

BSNL warns people of fake job offers being circulated by fraudulent company

Recently, the company offered voluntary retirement scheme to its employees to lower expenses incurred on their remuneration

Bandhan Bank to replace Yes Bank in Nifty50 index from March 27

The replacement has been done on account of non-availability of future and options contracts in Yes Bank shares, NSE Indices said in a statement.

Nuvoco deposits Rs 250 crore in escrow account for Emami Cement deal

Sources in the know said the amount was being paid to show 'Nuvoco's commitment' to finalise the agreement, which it signed with Emami last month for acquisition of the cement assets

India will require 1,880 passenger, cargo aircraft by 2038: Airbus

Airbus has assumed the Indian middle-class population will grow to 1 billion or 68% of the total population by 2038, as compared to the present 540 million

Jet Airways lenders to seek 90-day extension for resolution process

An extension of up to 90 days may be sought from the National Company Law Tribunal

Govt's income from Coal India to fall by 6.5% to Rs 7172 cr this year

Incidentally, after taking forward its disinvestment drive, the Centre, from a stakeholding of 70.96 per cent as on April 2019, now owns 69.05 per cent in this company.

Bharti Airtel acquires 10% stake in fitness start-up Spectacom Global

In a regulatory filing, Bharti Airtel said the transaction is an "indirect acquisition of 10 per cent equity stake through wholly-owned subsidiary"

Airbus says India will require 1,880 new passenger, cargo aircraft by 2038

The 20-year traffic growth in the Indian aviation sector is pegged at 7.7%, almost twice the world average of 4.3%