Page 3282 - Company News
PhonePe earmarks Rs 800 cr in marketing to expand reach, signs Alia Bhatt
The current brand campaign of the company will feature four TV commercials with Aamir Khan and Alia Bhatt, which will be spread across digital platforms, radio, print and cinema.
 "PhonePe earmarks Rs 800 cr in marketing to expand reach, signs Alia Bhatt")
AGR case: DoT officer who faced SC's wrath issued order after senior's nod
He had issued an order saying no coercive action should be taken to recover Adjusted Gross Revenue (AGR) dues from telecom firms after expiry of the deadline set by the apex court
 "AGR case: DoT officer who faced SC's wrath issued order after senior's nod")
Sun TV Q3 PBT drops by 8.12% at Rs 498.46 crore; revenue grows marginally
The subscription revenues for the quarter was up by 18 per cent to Rs 411.85 crore from Rs 349.60 crore for the corresponding quarter ended December 31, 2018
 "Sun TV Q3 PBT drops by 8.12% at Rs 498.46 crore; revenue grows marginally")
Glenmark Pharma Q3 consolidated net profit rises 64% to Rs 190.83 crore
Consolidated revenue of the company stood at Rs 2,735.56 crore for the quarter under consideration as against Rs 2,555.04 crore for the corresponding period a year ago.
 "Glenmark Pharma Q3 consolidated net profit rises 64% to Rs 190.83 crore")
IndiGo to start daily direct flight on Delhi-Dammam route from March 10
The airline will now operate a total of five daily direct flights connecting Dammam with Mumbai, Hyderabad, Kozhikode, Trivandrum and Delhi
 "IndiGo to start daily direct flight on Delhi-Dammam route from March 10")
No extension in deadline for selling BS-IV vehicles, says Supreme Court
The apex court had on October 24, 2018 said no Bharat Stage-IV vehicle would be sold or registered in India from April 1, 2020
 "No extension in deadline for selling BS-IV vehicles, says Supreme Court")
IOB to focus on MSME, will increase lending to Rs 50,000 cr: Official
Laying more focus on MSME segment, IOB would increase its lending to the sector from the present Rs 31,000 cr to Rs 50,000 cr in a couple of years from now.
 "IOB to focus on MSME, will increase lending to Rs 50,000 cr: Official")
Hero MotoCorp launches BS-VI compliant Splendor+, price starts at Rs 59,600
The company also introduced BS-VI versions of its two scooter models -- Destini 125 and Maestro Edge 125 with price starting at Rs 64,310 and Rs 67,950
 "Hero MotoCorp launches BS-VI compliant Splendor+, price starts at Rs 59,600")
BPCL sale: Indian Oil maintains interest, may bid on lower offer size
DIPAM has already started the process of appointing advisors for the sale of the entire government stake in BPCL
 "BPCL sale: Indian Oil maintains interest, may bid on lower offer size")
Myntra appoints former Samsung executive Raghu Krishnananda as CTO
He has earlier led research and development teams in the US and India, in companies such as Yahoo, Goldman Sachs and Citibank
 "Myntra appoints former Samsung executive Raghu Krishnananda as CTO")
Airtel offers to pay Rs 10,000 cr by Feb 20, rest before next hearing date
Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charge, to the government
 "Airtel offers to pay Rs 10,000 cr by Feb 20, rest before next hearing date")
Flipkart to offer 'touch and feel' experience in tie-up with kirana stores
In fashion, tie-ups with local tailors had offered huge benefit to e-commerce company in a sharp reduction in the number of returns
 "Flipkart to offer 'touch and feel' experience in tie-up with kirana stores")
Govt expects to complete Air India sale in first half of FY21: DIPAM secy
The deadline for submitting the EoI is March 17
 "Govt expects to complete Air India sale in first half of FY21: DIPAM secy")
AGR order: After SC rap, DoT asks telcos to clear dues by midnight
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
 "AGR order: After SC rap, DoT asks telcos to clear dues by midnight")
Not approached by any telco to finance AGR dues, says SBI chairman
The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices
 "Not approached by any telco to finance AGR dues, says SBI chairman")
Adani Enterprises signs 50-year agreements with AAI for 3 airports
Having won bids, AEL had also set up a subsidiary Adani Airports Ltd which would operate, manage and develop the airports
 "Adani Enterprises signs 50-year agreements with AAI for 3 airports")
MAX 737: SpiceJet considering Boeing compensation offer for grounded planes
The no-frills carrier has been impacted by the grounding of its 13 Boeing 737 MAX planes since March last year as it is incurring various costs related to the aircraft
 "MAX 737: SpiceJet considering Boeing compensation offer for grounded planes")
AGR dues: DoT withdraws order seeking no coercive action against telcos
The department's move came after the Supreme Court directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them
 "AGR dues: DoT withdraws order seeking no coercive action against telcos")
Renault launches 'made in India' Triber in South Africa, ships 600 units
With base in South Africa, Renault also plans to sell the model, which comes with a one litre petrol engine and flexible seating arrangement, in other parts of the African continent.
 "Renault launches 'made in India' Triber in South Africa, ships 600 units")
AGR-hit Vodafone Idea postpones Q3 conference call with analysts
The Supreme Court on Friday directed the top echelons of telecom firms to explain why contempt action should not be taken against them for non-compliance of its AGR order
 "AGR-hit Vodafone Idea postpones Q3 conference call with analysts")