Page 3285 - Company News
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")
Adani group signs agreement with AAI for development of three airports
In 2018, the government decided to privatise airports at Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati
 "Adani group signs agreement with AAI for development of three airports")
AGR dues: Risk of duopoly in telecom higher than before, says analyst
Most of the remaining liability is with state-owned BSNL/MTNL and some of the shut/bankrupt telecom companies
 "AGR dues: Risk of duopoly in telecom higher than before, says analyst")
Antitrust probe into e-commerce firms stalled after Amazon challenge
CCI last month ordered a probe into Amazon and rival Walmart's Flipkart over alleged violations of competition law and certain discounting practices
 "Antitrust probe into e-commerce firms stalled after Amazon challenge")
Supreme Court orders telcos to clear AGR dues by Mar 17, threatens contempt
The Supreme Court on Friday said the companies and the federal Department of Telecommunications (DoT) were liable for contempt of court
 "Supreme Court orders telcos to clear AGR dues by Mar 17, threatens contempt")
Tiger Global-backed Vedantu raises $24 million in extended Series C round
Vedantu plans to expand into newer categories with fresh funding
 "Tiger Global-backed Vedantu raises $24 million in extended Series C round")
Tesla to recall 3,183 Model X vehicles in China sue to power steering issue
Tesla will recall the sport-utility vehicles made in 2016 from June
 "Tesla to recall 3,183 Model X vehicles in China sue to power steering issue")
Aircel-Maxis cases: ED, CBI file status report before Delhi court
The ED told District Judge that active investigation into the matter was going on, while CBI informed that letters rogatory had been sent to Malaysia and the status was awaited
 "Aircel-Maxis cases: ED, CBI file status report before Delhi court")
Flipkart aims to penetrate tier 2 cities; to focus more on value than speed
Flipkart is of the view that this differentiator will work in its favour to grow its business further
 "Flipkart aims to penetrate tier 2 cities; to focus more on value than speed")
US brings new charges against Huawei for 'stealing trade secrets'
The latest allegations accuse Huawei of plotting to steal the trade secrets and intellectual property of rival companies in the US
 "US brings new charges against Huawei for 'stealing trade secrets'")
Bombardier exits commercial aviation; Airbus, Quebec take remaining stake
The Canadian plane and train maker sold its minority stake in the A220 jet, formerly known as the CSeries, to Airbus SE for $600 million
 "Bombardier exits commercial aviation; Airbus, Quebec take remaining stake")
Top 10 biz headlines: Indian cos step up dollar-raising, Voda Idea Q3 loss
The Income-Tax Department has identified at least 50 central and state PSUs to be covered under the Vivad se Vishwas Bill
 "Top 10 biz headlines: Indian cos step up dollar-raising, Voda Idea Q3 loss")
SC to hear telcos' plea seeking new schedule of AGR payments today
A bench of justices Arun Mishra, S Abdul Nazeer and M R Shah will hear a batch of petitions filed by telecom companies in open court