Page 3291 - Company News
IndiGo announces four-day special Valentine sale, fares starting at Rs 999
The airline is offering one million seats on discounted fares from February 11 to February 14. The sale is valid for travel from March 1 to September 30, a company statement said.
 "IndiGo announces four-day special Valentine sale, fares starting at Rs 999")
Granules India gets tentative USFDA nod for Colchicine capsules for gout
The USFDA has tentatively approved the abbreviated new drug application filed by Granules Pharmaceuticals for Colchicine capsules in the strength of 0.6 mg, Granules India said in a filing to BSE.
 "Granules India gets tentative USFDA nod for Colchicine capsules for gout")
Passengers shun Chinese carriers, Air India to benefit from traffic curbs
Curtailment of flights between India and China will help Air India and other airlines to boost their seat occupancy and market share, say travel agents and aviation experts
 "Passengers shun Chinese carriers, Air India to benefit from traffic curbs")
Google says HR chief stepping down as company faces worker activism
Google added more than 70,000 employees during Eileen Naughton's time as head of human resources.
 "Google says HR chief stepping down as company faces worker activism")
Ghosn used joint venture between Nissan, Mitsubishi to inflate pay: Lawyers
Ghosn, the former chairman of the Renault-Nissan-Mitsubishi alliance, was arrested in Japan in 2018 on financial misconduct charges but fled to Lebanon last December
 "Ghosn used joint venture between Nissan, Mitsubishi to inflate pay: Lawyers")
Insolvency limited to concerned realty project, won't impact others: NCLAT
The appellate tribunal has also suggested that there should also be a reverse corporate insolvency process in such cases
 "Insolvency limited to concerned realty project, won't impact others: NCLAT")
Infosys to acquire US-based Salesforce partner Simplus in $250 mn deal
In addition, there are employee incentives and retention payments amounting up to $50 million on meeting certain performance conditions over three years
 "Infosys to acquire US-based Salesforce partner Simplus in $250 mn deal")
Brands turn to social media influencers for fresh looks, wider audience
Social media networks aced the persuasion game, as influencer marketing proved to be the fastest route to customer acquisition in 2019
 "Brands turn to social media influencers for fresh looks, wider audience")
Competition Commission gives nod for M&M, Ford Motor joint venture
In October last year, M&M said it would buy 51 per cent stake in Ardour Automotive Pvt Ltd for around Rs 657 crore
 "Competition Commission gives nod for M&M, Ford Motor joint venture")
Industry urges FM Nirmala Sitharaman to change tax settlement scheme
Sources in Ficci say the lacuna of the scheme is that 100% of the disputed tax has to be paid
 "Industry urges FM Nirmala Sitharaman to change tax settlement scheme")
Consumption slowdown bites into Britannia's new product launch plans
The Good Day biscuit maker is hoping to take the croissant offers, which it is currently fine-tuning, pan-Indian by May-June this year and salted snacks in the next six months
 "Consumption slowdown bites into Britannia's new product launch plans")
DMart market capitalisation crosses Rs 1.5-trillion mark; stock rises 8.6%
The Radhakishan Damani-promoted company is now more valuable than Nestle India and Bajaj Finserv, according to the BSE data
 "DMart market capitalisation crosses Rs 1.5-trillion mark; stock rises 8.6%")
Amazon seeks interim stay on CCI order, cites 'irreparable loss and injury'
The investigation covers Amazon and rival Flipkart, which Walmart owns now
 "Amazon seeks interim stay on CCI order, cites 'irreparable loss and injury'")
Ankur Capital to enter venture debt space, in talks to start third fund
Out of the second fund which has a target corpus of Rs 350 crore, the VC firm is looking at investing in around 20 start-ups in a span of 3-4 years beginning this year
 "Ankur Capital to enter venture debt space, in talks to start third fund")
Flipkart increases focus on Indian fintech market to take on Amazon, Paytm
From providing consumer credit, device insurance to seller financing, the category grew 40% in 2019
 "Flipkart increases focus on Indian fintech market to take on Amazon, Paytm")
Auto Expo 2020: Hero Cycles plans to capture 10% of global e-bicycle market
Sale of bicycles in India are to drop 10 per cent in 2019-20
 "Auto Expo 2020: Hero Cycles plans to capture 10% of global e-bicycle market")
Indian drug makers take a hit on quality compliance, R&D investments
The trend is unlikely to reverse in the near term, say experts
 "Indian drug makers take a hit on quality compliance, R&D investments")
Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery
It remains to be seen if the ongoing Auto Expo - the extravaganza where automakers display their new products and technologies - will be able to reverse the trend
 "Auto slowdown continues as Jan sales dip 6%, coronavirus to delay recovery")
Engineering firms see great value in building, maintaining data centres
Industry data suggests the market size for engineering opportunities in the data centre space is $2.7 bn and expected to be $4 bn by 2024
 "Engineering firms see great value in building, maintaining data centres")
JSW crude steel output in January declines 3% to 1.4 million tonnes
JSW Steel is an integrated steel company in India with an installed steel-making capacity of 18 million tonnes per annum (MTPA)
 "JSW crude steel output in January declines 3% to 1.4 million tonnes")