Page 3245 - Company News

RCom's resolution plan to sell Rs 23,000 cr assets filed before NCLT

The plan entails realisation of around Rs 23,000 crore from sale of RCom assets and clawback of money paid to some of the lenders.

Govt invites preliminary bids for sale of its entire 52.98% stake in BPCL

Expressions of interest for the strategic sale of BPCL were invited by May 2, the Department of Investment and Public Asset Management (DIPAM) said in the bid document

Ethiopian draft report blames Boeing for 737 MAX plane crash: Report

The US National Transportation Safety Board has been given a chance to lodge concerns or propose changes

YES Bank 'won't fall off the cliff', SBI to rescue it with 49% stake

To pick up 49% stake in bank for Rs 2,650 cr; administrator says working to revive bank well before moratorium period ends

Why nutrition labels that skip ingredients like sugar make business sense

Veer Arjun Singh on why shorter, sharper nutrition labels - the kind that skip a few ingredients such as sugar by many other names - are starting to make business sense

Yes Bank revival in the works but analysts say lender's future 'difficult'

Reconstruction scheme to result in high equity dilution, while business revival may take 1-2 years; SBI stock could also see de-rating

Make GSTN portal efficient for tax payers: Finance ministry to Infosys

The ministry told Infosys it was the company's responsibility to deliver satisfactory performance of the portal and it should meet expectations of the tax payers

BSNL loss widens over 2.5 times to Rs 39,000cr in April-December

The public sector telecom firm had recorded a loss of Rs 14,904 crore in the previous financial year 2018-19

Voda Idea puts AGR dues at Rs 21,533 cr as Nick Read calls on FM Sitharaman

Telecom firm advised to pay up at least the principal amount before SC hearing

Deadline for Air India's initial bids may be extended: Hardeep Singh Puri

Puri said the disinvestment process for Air India is going on "extremely well"

NCLT approves Cochin Shipyard's resolution plan for Tebma Shipyards

Banks to take huge haircuts as the plan proposes to pay only 9.74 per cent of the total admitted Rs 602 crore debt

Burmans of Dabur hold 9.26% in Eveready after second stake hike in a month

Family picks up 3.34% in India's largest battery maker with latest move, may consider further investments depending on how the company performs

Investigating social media rumours about financial abilities: Future Group

Referring to rumours that have been doing rounds and, specifically, one WhatsApp message portraying names of lenders and debt numbers for Future Group, Biyani said it is impacting its listed entities

Auto industry well prepared to deal with coronavirus impact: Mercedes-Benz

Schwenk referred to tsunami that hit Japan in 2011, as an example, saying its ripple effects were felt at the time in the entire global auto industry.

From Baaghi 3 to Sooryavanshi, big Bollywood films face coronavirus heat

Film events such as IIFA 2020 have been postponed for now

Lincoln Pharma plans to foray into regulated markets, upgrades facility

The company has upgraded its manufacturing facility at Khatraj near Ahmedabad with Rs 30-crore investment

Volkswagen is on track to sell 120,000 cars by 2024: Steffen Knapp

Tiguan Allspace was launched in Mumbai on Friday, barely two weeks before the introduction of the company's second SUV for the year

Coronavirus fear: Tata Motors cuts JLR full year Ebit margin guidance by 1%

This has prompted the Mumbai-based firm to lower full year earnings before interest and tax (Ebit) margins by 100 basis points.

NCLAT asks NCLT to decide on liquidation of Lakshmi Cotsyn within 10 days

The NCLAT direction came on a plea filed by a member of the Committee of Creditors (CoC) of the company

SC admits plea challenging NCLAT order allowing sale of Bhushan Power

JSW Steel, which emerged as the successful resolution applicant with its Rs 19,700 crore bid for BPSL, filed an appeal against the ED's move before the NCLAT.