Page 3273 - Company News

Hinduja Group, Cerberus Capital may partner to bid for YES Bank stake

The beleaguered Indian lender has been struggling to raise capital for the past few months, amid concerns about the quality of its assets and its exposure to the stressed shadow banking sector

After resolution of big steel cases, banks expect low recoveries from IBC

A senior banker with a public sector bank said, not more than 30% recovery was expected from the RBI's second list

AGR dues: Telcos owe Rs 22k cr in licence fees, Rs 70k cr in interest, fine

Besides licence fees, telecom companies owe Rs 55,054 crore in spectrum usage charges (SUC), as per estimates of the Department of Telecommunications (DoT)

DoT to bar foreign telecom vendors that exclude purchase from Indian firms

The order is part of govt's Public Procurement (Preference to Make in India) order 2017 which envisages to source domestically manufactured products to encourage 'Make in India'.

DHFL's pre-tax loss narrows sequentially to Rs 167.80 crore in Q3

The company reported a net profit of Rs 934.35 crore in Q3FY20 due to tax adjustments; no provision for interest on borrowings post insolvency proceedings

Sebi bans Midvalley from securities market for 7 years over fund diversion

Sebi conducted an investigation between January-February, 2011 to ascertain any irregularities with respect to the initial public offer (IPO) made by the firm

AGR dues: Govt to balance compliance, telcos' health, consumer interest

The government will ensure coordination on three aspects -- compliance to SC order, ensuring health of the sector and customer interest, the source added

Automobile slump: Confidence remains elusive; car sales skid 4.6% in Jan

Overall vehicle sales down by 7.13% YoY in Jan to 290,879 units

RSDCL, NTPC sign agreement to develop 925-Mw solar park in Jaisalmer

As per the agreement, RSDCL will develop infrastructure in the solar park and NTPC will develop the solar projects

In first appointment under new CEO, WeWork names Shyam Gidumal its COO

WeWork is also soon expected to hire a new chief financial officer, according to a source directly familiar with the matter

MG Motor plans second India unit, may launch affordable EV shortly

Hopes to launch full-size SUV MG Gloster by Diwali 2020, and have four products in the market in one-and-a-half years of its operations in India

Sunil Mittal meets Prasad, tells Airtel will clear AGR dues before March 17

The Centre said telcos had already paid about Rs 16,000 crore in AGR dues and some had assured further payments in a week's time

Bhushan Power acquisition: JSW Steel likely to pay Rs 19,700 cr by March 15

On Feb 17, NCLAT had permitted JSW Steel to acquire the bankrupt company and granted it immunity from prosecution by the Enforcement Directorate

Singapore's AG&P to invest $1.5 bn in various projects across South India

AG&P has city gas distribution license for Kanchipuram and Ramanathapuram districts of Tamil Nadu

Ola integrates its 'Emergency Button' with Bengaluru Police Control room

This will enable seamless sharing of ride-information, including driver and car details, GPS coordinates of the vehicle, and customer's contact information

Coronavirus: Air India extends suspension of flights to China till June 30

The national carrier had also suspended its Delhi-Hong Kong flights due to the coronavirus epidemic that has killed more than 2,000 people in China till date

Adani Gas gets regulator's approval for demerger, stake sale to Total SA

Originally, Adani Gas was part of Adani Enterprises Ltd (AEL) and was demerged into a separate unit before half of Adani family's 74.8 per cent stake being sold to Total

DoT to begin test checks, verify telcos' claims of lower AGR dues: Report

The 'test check' will happen for all telcom firms but will start with those claiming they have already made full and final settlement towards their statutory liabilities

E-commerce major Snapdeal on-boards 52,000 merchants in Uttar Pradesh

UP among top ecommerce markets for 'puja' items, fashion

Fitch removes Bharti Airtel from 'Watch Negative', affirms 'Stable' outlook

Bharti has already paid Rs 10,000 crore towards AGR payments