Page 3261 - Company News
BSNL, MTNL users put on hold as voluntary retirement scheme hits service
Landlines down for four to six weeks is commonplace in Mumbai now, and so is the grievance about erratic broadband connection in the city
 "BSNL, MTNL users put on hold as voluntary retirement scheme hits service")
Apollo Hospitals may acquire IHH Healthcare stake in Kolkata venture
Apollo Gleneagles, Kolkata, is a 50:50 joint venture between Apollo Hospitals and the Parkway Group, which is a part of IHH
 "Apollo Hospitals may acquire IHH Healthcare stake in Kolkata venture")
Delay in relief package: BSNL unions call for hunger strike on Monday
In October 2019, the central government approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL
 "Delay in relief package: BSNL unions call for hunger strike on Monday")
Real estate firms paying up to 15% interest rate on loans amid slowdown
"Construction finance has become difficult even for good companies. Even public sector banks are charging at 13.5 per cent," said Mayur Shah, managing director of Marathon Realty.
 "Real estate firms paying up to 15% interest rate on loans amid slowdown")
New appointment of MDs at ACC, Ambuja Cements to streamline business
At ACC, Sridhar Balakrishnan, former chief commercial officer (CCO), has been elevated as the CEO and MD while Akhoury continues as a director on ACC's board.
 "New appointment of MDs at ACC, Ambuja Cements to streamline business")
FMCG firms see slow demand revival as growth triggers remain weak
According to experts, discretionary businesses like food services and jewellery continue to have a greater presence in urban areas versus rural areas, where consumption slowdown has been pronounced.
 "FMCG firms see slow demand revival as growth triggers remain weak")
Microsoft CEO Nadella to woo India Inc with tech to drive e-transformation
A lot has changed since then. His focused execution on enterprise cloud has driven Microsoft's market cap to grow nearly five-fold to cross the $1-trillion mark.
 "Microsoft CEO Nadella to woo India Inc with tech to drive e-transformation")
AGR issue: Top FinMin, NITI, DoT officials talk relief measures for telcos
The telecom department officials remained tightlipped after the high-level meeting on Sunday
 "AGR issue: Top FinMin, NITI, DoT officials talk relief measures for telcos")
DoT's test checks on telcos AGR dues standard audit procedure: COAI
Cellular Operators' Association of India (COAI) also cautioned that any decision to encash bank guarantees will be "disastrous" for the telecom industry, which only has three private players
 "DoT's test checks on telcos AGR dues standard audit procedure: COAI")
3 years of IBC: 7 charts offer insights into how the system has evolved
The amount recovered by financial creditors has varied, and does not show a clear improvement
 "3 years of IBC: 7 charts offer insights into how the system has evolved")
My favourite campaign is 'Real men of genius': FCB Ulka's Keegan Pinto
They might have made some 20 films and 30 radio spots
 "My favourite campaign is 'Real men of genius': FCB Ulka's Keegan Pinto")
Technology flavours the click and bait game at Zomato and Swiggy
From delivery-only restaurants to mapping every minute of the delivery process, brands lean in on tech and not just discounts, to woo users
 "Technology flavours the click and bait game at Zomato and Swiggy")
SBICAP Ventures vetting 18 realty projects for Rs 3,000-crore funding
The company is in talks with some global investors, including sovereign funds, for investment
 "SBICAP Ventures vetting 18 realty projects for Rs 3,000-crore funding")
Turning the tables: Low cost, e-retail presence key for new furniture firms
Flipkart, Pantaloons and Pidilite are emerging names in furniture retail, keen on making headway in a fragmented market
 "Turning the tables: Low cost, e-retail presence key for new furniture firms")
TCG in talks with global firms for Odisha and Tamil Nadu mega projects
Total investments in these projects pegged at Rs 1.28 trillion; group to maintain status quo on Haldia
 "TCG in talks with global firms for Odisha and Tamil Nadu mega projects")
Essar to embark on new phase of investment-led growth: Ruia family
Despite losing Essar Steel in insolvency proceedings, cash flows remain strong, with Rs 1,00,000 crore of revenues from existing businesses
 "Essar to embark on new phase of investment-led growth: Ruia family")
Pine Labs plans to deploy 150,000 Android POS devices by next fiscal
The company plans to considerably scale up its Android POS network in 2020-21 to 1.5 lakh machines and diversify into newer industries
 "Pine Labs plans to deploy 150,000 Android POS devices by next fiscal")
Govt officials meet to discuss relief measures for AGR-hit telecom industry
Telecom department officials remained tightlipped after high-level government meeting on Sunday, where officials from NITI Aayog and Finance Ministry are said to have been present
 "Govt officials meet to discuss relief measures for AGR-hit telecom industry")
Adani's Rs 400 crore bid for posh Aditya Estates in Delhi gets NCLT nod
The Committee of Creditors (CoC) of Aditya Estates led by ICICI Bank PLC had already approved by 93.01 per cent vote share, Adani's Rs 400 crore offer, which includes an upfront payment of Rs 265 cr
 "Adani's Rs 400 crore bid for posh Aditya Estates in Delhi gets NCLT nod")
AC prices rise 5% on customs hike, higher logistics cost amid coronavirus
According to some makers, the crisis unfortunately has come at a critical time, when April-June season is knocking
 "AC prices rise 5% on customs hike, higher logistics cost amid coronavirus")