Page 3244 - Company News
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")
Torrent Pharma gets shareholder nod to raise up to Rs 5,000 crore
The approval of the shareholders was sought by way of special resolution through a postal ballot
 "Torrent Pharma gets shareholder nod to raise up to Rs 5,000 crore")
Chalasani Venkat Nageswar gets additional charge of DMD, CFO of SBI
Chalasani Venkat Nageswar is Deputy Managing Director, International Banking Group and has been given additional charge as DMD and CFO
 "Chalasani Venkat Nageswar gets additional charge of DMD, CFO of SBI")
Divi's Laboratories begins commercial production at Visakhapatnam unit
Divi's Laboratories, established in Hyderabad, is a pharmaceutical company with two manufacturing units
 "Divi's Laboratories begins commercial production at Visakhapatnam unit")
We do not hold any additional tier I bonds of YES Bank: Shriram Transport
The company further noted that "the company had invested in Upper Tier II Bonds of Yes Bank Ltd of Rs 50 crores in the year 2010 and the same are outstanding as on date"
 "We do not hold any additional tier I bonds of YES Bank: Shriram Transport")
USFDA accepts proposed biosimilar application by Mylan, Biocon for review
The application seeks approval of Bevacizumab for the first-line and second-line treatment of patients with metastatic colorectal cancer in combination with fluorouracil-based chemotherapy
 "USFDA accepts proposed biosimilar application by Mylan, Biocon for review")
Rana Kapoor to face Mumbai court after arrest in money laundering case
Former YES Bank MD & CEO Rana Kapoor was grilled by the ED for several hours on Saturday, and searches were conducted at his and his daughters' houses
 "Rana Kapoor to face Mumbai court after arrest in money laundering case")
One rupee: The value that foreign brokerages attach to the YES Bank stock
Macquarie Capital Securities also said if State Bank of India (SBI) decided to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired
 "One rupee: The value that foreign brokerages attach to the YES Bank stock")
Three Infosys employees with I-T dept held for taking bribes from taxpayers
The police suspected the trio might have made about Rs 15 lakh so far as commission from taxpayers
 "Three Infosys employees with I-T dept held for taking bribes from taxpayers")
Coronavirus outbreak: Price recovery has taken a hit, says Tata Steel CEO
Steel prices that had touched a low of Rs 32,250 a tonne in the first week of November have been on the rebound since and are currently at around Rs 37,000 a tonne
 "Coronavirus outbreak: Price recovery has taken a hit, says Tata Steel CEO")
Gujarat Gas least vulnerable among city gas players to competition
Subdued gas prices will benefit IGL and MGL too, the two companies that have seen their share prices correct on fears of rising competition
 "Gujarat Gas least vulnerable among city gas players to competition")
Cement players with focus on North and Central India remain better placed
Most regions show cement prices per 50 kg bag to have improved by 0.7-5.0 per cent, while average prices in South India are still down 0.4 per cent.
 "Cement players with focus on North and Central India remain better placed")
Aramco trades below IPO price for first time, after OPEC pact unravels
Aramco's record IPO in December had valued the firm at $1.7 trillion, making it the world's most valuable company
 "Aramco trades below IPO price for first time, after OPEC pact unravels")
'Delay in appeal': NCLAT dismisses DoT's plea in Aircel moratorium issue
The Department of Telecommunications (DoT) had appealed against an order of the Mumbai bench of the National Company Law Tribunal (NCLT)
 "'Delay in appeal': NCLAT dismisses DoT's plea in Aircel moratorium issue")
HAL plans logistics bases in Malaysia, Vietnam, Indonesia and Sri Lanka
HAL Chairman said the company is seriously focusing on boosting exports in sync with the government's priority to sell key platforms like Tejas, attack helicopter Rudra
 "HAL plans logistics bases in Malaysia, Vietnam, Indonesia and Sri Lanka")