Page 3271 - Company News

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

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

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.

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

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

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

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

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

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

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

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

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

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.

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

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

What do customers want from e-commerce firms - quality or discounts?

Consumers look for quality, differentiated experiences across categories, finds a Kantar study; Amazon, Flipkart say the focus is on relationships

Realme PaySa, ICICI Lombard come together to enrol insurance customers

According to the company, the policy administered as a group policy, can be taken from the Realme PaySa mobile APP pure digitally and does not require any documentation

Coronavirus: Air traffic may fall 13% in Asia-Pacific region, says IATA

Consequently, the total global lost revenue will come to $29.3 billion and represent a 4.7 per cent hit to global demand

Apple weighs letting users switch default iPhone apps to rival firms

To date, rival browsers like Google Chrome and Firefox and mail apps like Gmail and Microsoft Outlook have lacked the status of Apple's products.

AGR dues: Three rating agencies downgrade Vodafone Idea in two days

According to official sources, VIL paid Rs 1,000 crore to the Department of Telecom on Thursday