Page 3250 - Company News
Stanza Living enters housing for working professionals, commits Rs 150 cr
The firm currently has a combined capacity of 10,000 beds spreading across Bengaluru, Hyderabad, Pune and Coimbatore for this new segment
 "Stanza Living enters housing for working professionals, commits Rs 150 cr")
Cabinet approves proposal for overseas listing of Indian companies
Corporate Affairs Secretary Injeti Srinivas said the Act would have an enabling provision for listed as well as unlisted companies in India to list their shares abroad.
 "Cabinet approves proposal for overseas listing of Indian companies")
SBI Cards IPO subscribed 15.15 times so far on third day of bidding
SBI Cards expects to raise around Rs 10,355 crore through the IPO
 "SBI Cards IPO subscribed 15.15 times so far on third day of bidding")
Companies in India to give average 7.8% salary hike in FY21: Deloitte
The survey found that almost 50% of the companies surveyed are projecting a salary increment of less than 8% for 2020-21 and only 8% companies are expecting to offer pay increases greater than 10%.
 "Companies in India to give average 7.8% salary hike in FY21: Deloitte")
L&T bags significant orders from Oman to develop water infrastructure
The company did not provide the value of the contract, but said the order falls under the 'significant' category
 "L&T bags significant orders from Oman to develop water infrastructure")
GSPC seeks six LNG cargoes for March to November delivery: Report
It is also seeking five cargoes for delivery over April to November, also on a DES basis, in a separate tender that closes on March 4
 "GSPC seeks six LNG cargoes for March to November delivery: Report")
Govt to allow telecom firms to defer payments of future spectrum auctions
Meanwhile, the Department of Telecom is preparing to issue fresh notices to telecom companies asking them how they had calculated their dues linked to AGR
 "Govt to allow telecom firms to defer payments of future spectrum auctions")
Strides Pharma Science gets USFDA nod for generic anti-bacterial capsules
The product is a generic version of Achromycin V Capsules, 250 mg and 500 mg, of Avet Pharmaceuticals (previously Heritage Pharmaceuticals)
 "Strides Pharma Science gets USFDA nod for generic anti-bacterial capsules")
NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS case
A two-member NCLAT bench led by Chairman Justice S J Mukhopadhaya dismissed the pleas of auditors and other independent directors
 "NCLAT dismisses Deloitte, KPMG pleas against impleadment in IL&FS case")
Delhi HC seeks response of Centre, DGCA, IndiGo, on grounding of A320neo
The plea has alleged that despite being aware of "significant technical issues with Airbus A320neo," neither MCA nor the DGCA have taken any concrete steps to ground these aircraft
 "Delhi HC seeks response of Centre, DGCA, IndiGo, on grounding of A320neo")
Coronavirus: Airfares to China, Italy drop by 20-30%, says Yatra.com
Travellers are now looking at alternate foreign destinations from India, such as Sri Lanka and Bhutan for summer travel
 "Coronavirus: Airfares to China, Italy drop by 20-30%, says Yatra.com")
AGR dues paid by telcos to reflect in FY20 revenue receipts: Report
Officials said the amount was not much to have any bearing on the fiscal position
 "AGR dues paid by telcos to reflect in FY20 revenue receipts: Report")
Coronavirus forces Google to cancel its annual developer conference
Google becomes the second FAANG member after Facebook Inc to cancel its conference as the virus, that originated in the Chinese city of Wuhan, spreads globally
 "Coronavirus forces Google to cancel its annual developer conference")
BS Social Excellence Awards 2019: Jury picks top three in social sector
L&T Finance Holdings was picked out for the scale and gender-inclusive work of its digital literacy initiative in rural India, Digital Sakhi
 "BS Social Excellence Awards 2019: Jury picks top three in social sector")
Coronavirus at Amazon doorstep in the US as one employee tests positive
The spokeswoman confirmed a report by Bloomberg News that all co-workers in contact with the employee, who worked at Amazon's South Lake Union office complex in Seattle, had been informed
 "Coronavirus at Amazon doorstep in the US as one employee tests positive")
Coronavirus scare: Air India cuts flights, IndiGo's crew under observation
The civil aviation regulator has issued instructions to disinfect aircraft and come up with safety precautions to prevent spread of the virus
 "Coronavirus scare: Air India cuts flights, IndiGo's crew under observation")
DoT to issue notices as AGR receipts add up to only Rs 24,000 crore
With significant discrepancies cropping up in the AGR math, the industry may be facing a fresh round of dispute
 "DoT to issue notices as AGR receipts add up to only Rs 24,000 crore")
Coronavirus impact: Centre restricts exports of 13 APIs, formulations
Exports of 13 APIs - including paracetamol, tinidazole, metronidazole, vitamin B1, vitamin B6, vitamin B12, acyclovir, progesterone - along with formulations mmade from these APIs, would be restricted
 "Coronavirus impact: Centre restricts exports of 13 APIs, formulations")
Viacom18's Voot expects 50% revenue from new subscription-led service
From 100 million monthly active users, Voot sees its user base increase to 150 million by the end of this year as a whole
 "Viacom18's Voot expects 50% revenue from new subscription-led service")
NBFCs' plan for SBI Cards IPO goes awry amid coronavirus outbreak
Anticipating huge demand from wealthy investors, financial firms had borrowed heavily. However, they now fear their funds could remain underutilised