Page 3264 - Company News
Coronavirus outbreak to have no impact on BS-VI transition: Ashok Leyland
The company, which is one of the leading players in the commercial vehicle segment, said its BS-IV inventory would be exhausted by the end of this month
 "Coronavirus outbreak to have no impact on BS-VI transition: Ashok Leyland")
Coronavirus scare may erase $29 bn from global airlines' revenue, says IATA
The contraction comes at a time when Asian airlines' sales had been growing, the group said
 "Coronavirus scare may erase $29 bn from global airlines' revenue, says IATA")
Honda Motorcycle launch BS-VI compliant Shine, price starts at Rs 67,857
The company has already sold 250,000 units of BS-VI compliant two-wheelers
 "Honda Motorcycle launch BS-VI compliant Shine, price starts at Rs 67,857")
Dewan Housing chairman Kapil Wadhawan gets bail in Iqbal Mirchi case
Wadhawan (46) was arrested on January 27 by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA)
 "Dewan Housing chairman Kapil Wadhawan gets bail in Iqbal Mirchi case")
Trade deal, investments: What India Inc expects from Donald Trump's visit
In 2018-19, India's exports to the US stood at $52.4 billion, while imports were $35.5 billion. Trade deficit dipped from $21.3 billion in 2017-18 to $16.9 billion in 2018-19.
 "Trade deal, investments: What India Inc expects from Donald Trump's visit")
CIL's coal supply to power sector declines 7% in April-January period
The commodity despatch by Coal India to the power sector in the year-ago period was 405.61 MT
 "CIL's coal supply to power sector declines 7% in April-January period")
After Amazon, Walmart's Flipkart challenges India antitrust probe
The Competition Commission of India in January ordered a probe into alleged violations of competition law and certain discounting practices by the two e-commerce giants
 "After Amazon, Walmart's Flipkart challenges India antitrust probe")
Ambani vs Chandra: Media convergence looks set for a new game of thrones
Reliance announced the merger of its various content, distribution, and media properties in its listed subsidiary Network18 earlier this week.
 "Ambani vs Chandra: Media convergence looks set for a new game of thrones")
Air India sale: Non-commitment to protect global routes a deal dampener?
Govt will retain Air India's international bilateral flying rights for only six months which may dis-incentivise potential buyers if the rights are re-allocated to other airlines after that
 "Air India sale: Non-commitment to protect global routes a deal dampener?")
Top 10 business headlines: Ambani vs Chandra, SBI Cards IPO, and more
The much-awaited initial public offering of SBI Cards and Payment Services, a subsidiary of State Bank of India, will open on March 2, confirms its prospectus
 "Top 10 business headlines: Ambani vs Chandra, SBI Cards IPO, and more")
Tata Motors' Jaguar Land Rover shelves plan to sell bonds to raise cash
Jaguar hired Bank of America Merrill Lynch to meet investors in the US last week ahead of a potential sale of new bonds, and days after warning the deadly virus outbreak was impacting its supply chain
 "Tata Motors' Jaguar Land Rover shelves plan to sell bonds to raise cash")
Western Digital plans to expand unit for leveraging Indian talents
Globally, Western Digital employs around 15,000 engineers to drive innovation in its product and services sides of businesses
 "Western Digital plans to expand unit for leveraging Indian talents")
Morgan Stanley to acquire online trading pioneer E*Trade for $13 bn
It would be the largest acquisition by an American bank since the 2008 global financial crisis, and comes as online brokers are competing fiercely for new customers
 "Morgan Stanley to acquire online trading pioneer E*Trade for $13 bn")
GMR Group to sell 49% stake in airport business to France's Groupe ADP
Rs 10,780 cr deal values GMR Airports at Rs 22,000 cr; pact with Tatas cancelled over airline ownership norms
 "GMR Group to sell 49% stake in airport business to France's Groupe ADP")
Coronavirus outbreak: Subdued crude oil prices to help HPCL, other OMCs
IOC and BPCL to also gain from lower working capital requirement and firm marketing margins, but weak GRMs may limit the upside
 "Coronavirus outbreak: Subdued crude oil prices to help HPCL, other OMCs")
Gail India issues tender to buy and sell LNG cargoes, says report
It offered cargoes from the Cove Point plant in the United States on a free-on-board basis loading on March 20-22, April 25-27 and May 25-27
 "Gail India issues tender to buy and sell LNG cargoes, says report")
GST profiteering: Delhi HC comes to the rescue of Nestle, grants stay
The stay, granted through an order issued on February 10, was given on grounds that Nestle had already paid Rs 16.58 crore of the total demand of Rs 89.73 crore
 "GST profiteering: Delhi HC comes to the rescue of Nestle, grants stay")
UPL's debt reduction plan likely to fall short of target; stock rises
UPL is planning to raise funds to refinance $550 million (Rs 4,000 crore) of debt. Net debt at the end of the December quarter stood at Rs 29,654 crore.
 "UPL's debt reduction plan likely to fall short of target; stock rises")
Indiabulls Housing Finance shifts focus back to fundamentals; stock up 11%
Incremental cost of funds was high at nearly 9 per cent, key financials also remained under pressure in Q3
 "Indiabulls Housing Finance shifts focus back to fundamentals; stock up 11%")
France's Groupe ADP to buy 49% in GMR airport business for Rs 10,780 cr
The company has signed a share purchase agreement with Groupe ADP