Page 3276 - Company News

RIL consolidates media biz: TV18, Hathway and DEN to merge into Network18

RIL's stake in Network18 would reduce to 64 per cent, from 75%, following the merger

Flurry of tax notices puts private companies' directors in a spot of bother

Section 179 of the Income Tax Act imposes vicarious liability on directors to recover tax dues of private firms

Tax cut widens gap between high fliers and laggards in corporate earnings

A back of the envelope calculation suggests that these top 10 companies cumulatively saved nearly Rs 10,000 crore in taxes in the last two quarters.

Domestic air passenger traffic up by 2.2% in January 2020, says DGCA

Airlines flew 12.7 million passengers last month com­pared to 12.5 million passengers on YoY basis.

Masayoshi Son's other big real estate bet has some real problems

SoftBank declined to comment on Oyo's internal issues and practices beyond Son's comments, but said it believes the company can have a sustainable expansion in Japan with good corporate governance.

From pharma salesman to healthcare baron, 10 facts about BR Shetty

Shetty has also founded London-listed payments company Finablr and pharmaceutical manufacturer Neo Pharma

Bombardier agrees $8.2 billion deal to sell rail unit to French Alstom

The memorandum of understanding between Bombardier and Alstom was approved by both companies' boards

Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too

The SoftBank-backed firm has been reported to have been in the process of laying off close to 2,000 employees as it shifts focus towards profitability

Pass order on plea within 2 months: NCLAT to NCLT on GE Triveni issues

The appellate tribunal also said that it was not looking into allegation and counter allegation by the respective parties in this matter

Piramal Enterprises stock continues to be weighed down by wholesale loans

Average cost of funds remained at 11 per cent even in December quarter, indicating tight liquidity

Core business eases power segment pain for Shree Cement in Dec quarter

Cost controls, presence in profitable markets increase earnings

Care downgrades rating on Vodafone Idea's long term bank facilities, NCDs

It also takes cognizance of recent losses suffered by the company in the quarter ended December

Reliance Industries to merge media, distribution businesses into Network18

Under the scheme of arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments

Market share loss, global trade hold-up to hit Concor's prospects

Pace of DFC roll-out and demand recovery are key triggers

Coronavirus outbreak to impact steel industry for next 2-3 years: Pradhan

The minister also asked Indian steel companies to enhance output, particularly special steel, to grab larger global market share

SBI Cards and Payment Services gets regulator Sebi's nod to float IPO

Sebi's observations are necessary for any company to launch public issues including initial public offer, follow-on public offer and rights issue

Prudent ARC seeks 4 more weeks to submit plan on Jet Airways resolution

Prudent ARC is in talks with investors and has submitted letters of support from its investors

RCom's committee of creditors likely to vote on resolution plan on Feb 24

The banks are expecting that they will be able to salvage much more than what they did from Aircel

Paytm extends payment service partnership with Uber

Earlier, passengers were able to pay for their rides through Paytm wallet and other modes like cash and cards separately

JSW Energy to purchase GMR's Kamalanga power project for Rs 5,321 cr

Post-acquisition, the total installed power generation capacity of JSW Energy will increase to 5,609 MW