Page 3243 - Company News
Shot in the arm: Pharma sales clock double-digit growth in February
Amid Coronavirus fears, sales of antibiotics, paracetamol, and respiratory drugs see a spike
 "Shot in the arm: Pharma sales clock double-digit growth in February")
Housing finance has key role in making India $5 trn economy: Keki Mistry
For the housing sector, the authorities are aware of the strong linkages it has with the economy.
 "Housing finance has key role in making India $5 trn economy: Keki Mistry")
Oil price crash could help India's economy but will hurt country's OMCs
If the prices of oil threaten to remain at such low levels, both government-run ONGC and Oil India as well as private sector RIL-BP or Vedanta could find it extremely unprofitable to dig more fields
 "Oil price crash could help India's economy but will hurt country's OMCs")
Adanis' Rs 650-crore offer for debt-ridden Dighi Port gets NCLT nod
Dighi Port, promoted by industrialist Vijay Kalantri owes Rs 3,098 crore to the lenders. He had made an offer of Rs 720 crore, but was rejected by the lenders.
 "Adanis' Rs 650-crore offer for debt-ridden Dighi Port gets NCLT nod")
AGR dues: Evaluation of telcos self-assessment may take 6 months, says DoT
According to an official with the Department of Telecommunications (DoT), numerous documents for multiple years have to be evaluated and cross-checked, making it a lengthy process.
 "AGR dues: Evaluation of telcos self-assessment may take 6 months, says DoT")
Rolls-Royce, IIT Madras to collaborate for joint research programs
The initiative is in line with the company's efforts to promote growth and career progression for its engineering talent
 "Rolls-Royce, IIT Madras to collaborate for joint research programs")
India Inc says economy's fundamentals are strong, market crash temporary
In its biggest-ever single-day drop in absolute terms, the BSE Sensex crashed over 1,941 points and the NSE Nifty tumbled 538 points
 "India Inc says economy's fundamentals are strong, market crash temporary")
Telcos' self-assessment of AGR dues may at least take 6 months: Report
The government, last week, had asked Bharti Airtel, Vodafone Idea and other telecom companies to pay remaining AGR dues as per the Supreme Court order without further delay.
 "Telcos' self-assessment of AGR dues may at least take 6 months: Report")
Carlsberg aims to resolve dispute with Indian partner over sales practice
The other seven directors, nominated by Carlsberg, found the practices were in line with industry norms and approved the 2018-19 results, the filing said.
 "Carlsberg aims to resolve dispute with Indian partner over sales practice")
PhonePe partners with ICICI Bank, to continue alliance with Yes Bank
While PhonePe declined to comment on the banks it is in talks with, sources said PhonePe is engaged in dialogue with State Bank of India, HDFC Bank, Axis Bank and RBL Bank.
 "PhonePe partners with ICICI Bank, to continue alliance with Yes Bank")
Air India Express offers free rescheduling of tickets amid Coronavirus fear
The airline, the budget arm of national carrier Air India, flies to 13 international destinations, mostly in the Gulf region
 "Air India Express offers free rescheduling of tickets amid Coronavirus fear")
Tourism tanks amid Coronavirus scare, industry seeks govt intervention
The TAAI has requested the Centre to issue a circular to airlines operating domestic and international flights for waiving rescheduling and cancellation charges on compassionate ground.
 "Tourism tanks amid Coronavirus scare, industry seeks govt intervention")
NTPC extends payment deadline of outstanding dues for discoms till March 17
An outstanding becomes overdue after 60 days of rasing the bill against power supplied to a discoms or state. The gencos generally charge penal interest on these overdue amounts.
 "NTPC extends payment deadline of outstanding dues for discoms till March 17")
Northern Arc Investments announces first close of $23 mn in latest fund
This is the eighth debt fund from the Northern Arc platform and the first to onboard international investors. It targets an overall corpus of $100 mn, including greenshoe of $50 mn
 "Northern Arc Investments announces first close of $23 mn in latest fund")
Crude meltdown: Welspun Corp says no impact on its current order book
In a regulatory filing the company said that the sudden meltdown in the oil prices in the international market was due to certain geo-political realignment
 "Crude meltdown: Welspun Corp says no impact on its current order book")
Coronavirus: IndiGo waives cancellation, rescheduling charges till March 31
The cancellation fee has been waived off on existing and new domestic and international bookings made between March 12 and March 31, IndiGo said in a statement.
 "Coronavirus: IndiGo waives cancellation, rescheduling charges till March 31")
Multiplex chains on overdrive to add screens next financial year
Leading multiplex chain owner PVR Cinemas, which opened 83 screens during 2019-20, has now set a target of 120-130 screens for the next FY
 "Multiplex chains on overdrive to add screens next financial year")
L&T plans to become asset light, reduce debt by Rs 30,000 crore
To sell off L&T IDPL, Nabha Power; transfer Hyderabad Metro to an InvIT
 "L&T plans to become asset light, reduce debt by Rs 30,000 crore")
Tata Steel committee of directors approves raising Rs 670 cr via NCDs
A total of 6,700 non convertible debentures of face value Rs 10,00,000 each would be issued
 "Tata Steel committee of directors approves raising Rs 670 cr via NCDs")
Ahluwalia Contracts bags orders worth Rs 661 cr for construction work
The total order inflow of Ahluwalia Contracts (India) Ltd during FY20 stood at Rs 3,900.96 crore
 "Ahluwalia Contracts bags orders worth Rs 661 cr for construction work")