Page 3290 - Company News

Tata Sons to hike Tata Chemicals stake by acquiring shares from group firms

At present, Tata Sons holds 24.18 per cent stake in Tata Chemicals, the company said in a regulatory filing

Mallya back in UK HC as lawyers focus on Indian airline industry woes

"The airline industry is littered with examples of struggling airlines being supported for strategic reasons," said Montgomery.

Info Edge posts Rs-38 cr pre-tax loss in Q3, income rises 11% to Rs 359 cr

Segment-wise, it posted a 16 per cent rise in revenue on a y-o-y basis both for recruitment solutions and 99 acres segments

NGT quashes eco-clearance for Godrej residential project in Bengaluru

NGT was hearing a plea by Bengaluru resident against the construction of Godrej Reflections at Kasavanahalli village

BHEL signs pact with Russian firm to undertake joint defence projects

The aim of the MoU is to cooperate and undertake joint projects and operations for defence systems

Sahara ropes in investors, deposits Rs 22,000 cr with Sebi for revival

Roy has also assured all Sahara investors that they would get their invested amount with full interest and an additional interest would be paid even for a day's delay.

Srinath Narasimhan named as Tata Trusts' CEO, to take charge on April 1

Currently, Narasimhan is the managing director of Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd, Tata Trusts said in a statement

With amended regulations, CCI's DG to have more flexibility in probes

Earlier, DG's report was required to have "findings on each of the allegations made in the information or reference, as the case may be" along with all the evidences collected during probe.

JM Financial Products to raise Rs 300 cr in debt through NCD issue

The issue, rated by both Crisil and Icra, will be listed on the BSE, and is managed by AK Capital Services, JM Financial and Trust Investment Advisors.

Hindalco Industries Q3 profit drops 24%, income down at Rs 29,494 cr

Hindalco had posted a consolidated PAT of Rs 1,394 crore in the year-ago period; Its consolidated income dropped to Rs 29,494 crore, over Rs 33,483 crore a year ago.

Dr Reddy's to acquire part of Wockhardt's India business for Rs 1,850 crore

The agreement comprises a portfolio of 62 brands in multiple therapy areas such as respiratory, neurology, and dermatology.

GM Korea to suspend assembly line as coronavirus outbreak hits parts supply

GM Korea heavily relies on China for the wiring harnesses that connect vehicles' complex electronics

Coronavirus casts chill over aviation outlook despite Asian growth

Tinseth said that the cargo business will likely be flat this year and that growth in aircraft sales is likely to fall below its forecast of 2.5-2.7% in 2020

'Sick' pharma PSU offers to step in to reduce China drug dependence

HAL can make up to 50 per cent of bulk drugs if it is provided financial assistance to upgrade its infrastructure, the company said

Succession plan is often ill-executed

Most firms lack proper in-house succession planning; and often don't spend enough time, energy and resources in planning for the same

Coronavirus crisis credit negative for Asia-Pacific port operators: Moody's

Impact on Indian bulk handling ports unlikely due to negligible volumes linked to China

Moody's cuts IndusInd Bank's outlook to negative over asset deterioration

While there have been no NPLs in real estate segment so far, the exposure to the property market remains a source of risk, given the broader stress in the realty sector

Titan bets big on building in-house tech; acqui-hires HUG Innovations

The 23-member team of HUG Innovations including its founder Raj Neravati will be part of Titan's Hyderabad development centre

MakeMyTrip founder Kalra steps down as group CEO, Magow to take over

Deep Kalra will be succeeded by co-founder and India CEO Rajesh Magow

M&M lines up $425 mn to revive Ssangyong, draws up 3-year turnaround plan

Mahindra acquired 70 per cent stake in Ssangyong (in March 2011), which had a troubled past and militant trade unions