Page 3275 - Company News
Ashok Leyland plans pain relief via K54 II, hope to save Rs 500 crore
Capex for the year is expected to be Rs 1,200-1,300 crore, against the initial plan of Rs 2,000 crore
 "Ashok Leyland plans pain relief via K54 II, hope to save Rs 500 crore")
Jet Airways COC extends deadline for submitting resolution to March 9
The meeting took place in the backdrop of two suitors, showing interest in the grounded airline but failing to submit a resolution plan for bid submissions on Monday
 "Jet Airways COC extends deadline for submitting resolution to March 9")
GFG Alliance enters Indian market, acquires Adhunik Metaliks and Zion Steel
Adhunik is an integrated steel plant located at Chadrihariharpur near Rourkela in Odisha with steel making capability using the blast furnace and electric arc furnace
 "GFG Alliance enters Indian market, acquires Adhunik Metaliks and Zion Steel")
Barbeque Nation files for Rs 1,000-crore IPO to whittle away debt
The company's consolidated debt is pegged at Rs 225 crore
 "Barbeque Nation files for Rs 1,000-crore IPO to whittle away debt")
Radisson looking at small-town cities for growth as expansion slows
Also the company has announced it has signed around 17 new hotels for development
 "Radisson looking at small-town cities for growth as expansion slows")
HDFC Bank, Mastercard, SAP Concur team up to manage spending in corporates
HDFC Bank will offer a corporate credit card for business travellers, providing a one-stop solution for payment and expense management during business trips
 "HDFC Bank, Mastercard, SAP Concur team up to manage spending in corporates")
UTI MF, Nippon India MF side pocket Vodafone Idea exposure of Rs 413 cr
In December 2018, regulator Sebi had permitted mutual funds to create segregated portfolios, or side-pocketing, with respect to debt and money market instruments
 "UTI MF, Nippon India MF side pocket Vodafone Idea exposure of Rs 413 cr")
Coronavirus impact: Auto OEMs feel safe for now, fear challenges thereafter
While China represents only a part of supplies and other sources exist, there could be delays in activation of alternative supply chains and increase in costs for Indian OEMs
 "Coronavirus impact: Auto OEMs feel safe for now, fear challenges thereafter")
India Inc seeks cut in import duties to tackle disruptions by coronavirus
The coronavirus outbreak in China has disrupted supplies of raw material to other countries
 "India Inc seeks cut in import duties to tackle disruptions by coronavirus")
EESL inks pact with BSNL for 1,000 EV charging stations across country
Telecom PSU BSNL would be responsible for providing the requisite space and power connections for installing the charging infrastructure
 "EESL inks pact with BSNL for 1,000 EV charging stations across country")
Yet to receive proposal from LIC for IPO, says Irdai Chairman S C Khuntia
Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones
 "Yet to receive proposal from LIC for IPO, says Irdai Chairman S C Khuntia")
Realty uptick: Top rated companies see bookings rise 2% to Rs 5,800 cr
Sales bookings of DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Kolte Patil have been taken into account
 "Realty uptick: Top rated companies see bookings rise 2% to Rs 5,800 cr")
Barbeque Nation files IPO papers with Sebi to raise Rs 1,000-1,200 crore
The IPO comprises a fresh issue of shares worth Rs275 crore and an offer-for-sale of up to 98,22,947 equity shares
 "Barbeque Nation files IPO papers with Sebi to raise Rs 1,000-1,200 crore")
Hero MotoCorp to invest Rs 10,000 cr for manufacturing units, R&D
The company also unveiled premium bike Xtreme 160R which will hit the markets in March
 "Hero MotoCorp to invest Rs 10,000 cr for manufacturing units, R&D")
Maruti launches BS-VI compliant Ignis at starting price of Rs 489,000
The new Ignis is powered by 1.2 litre petrol engine and comes with manual and Auto Gear Shift (AGS) transmission options, the company said in a statement
 "Maruti launches BS-VI compliant Ignis at starting price of Rs 489,000")
Vodafone Idea default can raise India's fiscal deficit by 40 bps
The social impact of this could be worse as 300 million subscribers may face the annoyance of network shutdown and churn
 "Vodafone Idea default can raise India's fiscal deficit by 40 bps")
Telcos expect ARPU to more than double by 2021; steep hike in bills likely
Clearly with the financial stress of telcos getting aggravated with the large imposts that they have to fork out due to the AGR order immediately, much of the bill will have be passed on to customers.
 "Telcos expect ARPU to more than double by 2021; steep hike in bills likely")
Top 10 biz headlines: Vodafone Idea on the brink, Mistry moves SC, and more
In a day of twists and turns, the government received Rs 14,697 crore from three companies out of the telecom sector's total dues linked to adjusted gross revenue estimated at Rs 1.47 trillion
 "Top 10 biz headlines: Vodafone Idea on the brink, Mistry moves SC, and more")
Explained: Why did RIL close production in three fields in the KG Basin?
The closure of three fields in the KG Basin by RIL casts nagging doubts about India's success under the 23-year-old New Exploration and Licensing Policy
 "Explained: Why did RIL close production in three fields in the KG Basin?")
Hike in Customs duty: Toy retailers stare at shortage in three months
While Mattel, Funskool, Hasbro, and Hamleys are impacted by the hike, none of them are part of the agitation yet
 "Hike in Customs duty: Toy retailers stare at shortage in three months")