Page 3295 - Company News

Sanjeev Agarwal-led MM Group bags McDonald's franchise for North and East

Founded in 1964 as Superior Group of Industries by former Member of Parliament-Rajya Sabha late M M Agrawal, it got its current name after 2006

ITC investors fume over slower growth in Oct-Dec quarter, higher taxes

Investor concerns are not without reason, considering the cigarette business accounted for 84.7% of ITC's consolidated earnings before interest and tax in 2018-19

D1/D3 gas field in Reliance's KG-D6 block shuts down: Report

While at the peak, it was India's biggest gas field, in the last quarter D1/D3 produced an average of just 1.5 mmscmd

The road to trust and loyalty: Amazon rings a halo around the brand

With a campaign centred around the sellers on its platform, the e-commerce giant is pitching for loyalty, from vendors and buyers

TCS bags $1.5-bn contract from US drug firm Walgreens Boots Alliance

The expansion of WBA and TCS strategic partnership is based on WBA's review of its IT operating model and vendor landscape

NTPC raises Asia's largest Japanese yen loan of $750 million

The proceeds from the latest JPY loan would be used in to fund capital expenditure for installation of FGD systems at its existing units

Apple supplier Wistron to assemble key iPhone parts in new India plant

The local assembly of PCBs by Wistron's India unit will be a first for the contract manufacturer, which began making Apple's low-priced SE model in the southern tech hub of Bengaluru in 2017

Kia Motors sells 15,450 cars in January, retains 4th position in PV segment

The firm despatched 15,000 units of Seltos and 450 units of Carnival to dealers during last month, Kia Motors India said in a statement

SA firm seeks govt help to sell 10% stake in Mumbai International Airport

Earlier, Bidvest had sought permission to offload 13.5% in Mumbai airport to Adani Enterprises

Kinetic Green to raise $35 million to fund Rs 200 crore investment plan

Company to roll out electric golf carts for Tonino Lamborghini

Adani Transmission revives US private market placement after a decade

In November last year, ATL had raised bonds worth $500 million. It was priced to yield 4.295 per cent.

IDBI Bank raises capital worth Rs 745 cr via tier-II bonds after 2 years

Bank officials said the money raised through tier II bond offering is expected to increase Capital Adequacy Ratio (CAR) by about 50 basis points

Corporate downgrades more than double in first 3 quarters: Report

The year also witnessed the quarterly downgrades-to-upgrades ratios jumping to 1.59, 2.03 and 2.75, respectively for the nine months

Anil Ambani's sons quit Reliance Infra board in less than six months

RInfra said Jai Anmol Ambani and Jai Anshul Ambani have resigned from its board

Sale of three bottling plants in India fetches Coca-Cola Rs 500 crore

As a part of the transition, Hindustan Coca-Cola Beverages divested three of its existing plants in the region - one each in Ghaziabad, Varanasi, and Jammu

Bharti Airtel Q3 preview: Update on AGR issue, details of fund raising eyed

In December 2019, both Bharti Airtel and Vodafone Idea raised tariffs by around 15-47 per cent across packs, which is likely to translate into FY21 revenue and Ebitda upgrade

Ashok Leyland M&HCV domestic sales down by 49% to 6,949 in January

M&HCV truck sales in the domestic market stood at 4,837 units as compared with 12,042 units, a drop of 60 per cent. Bus sales rose to 2,112 units from 1,621 units

Ashok Leyland sales slump 40 per cent in January to 11,850 units

The company had sold 19,741 units in the same month last year, Ashok Leyland said in a regulatory filing

Bidar airport to be operationlised under UDAN scheme in Karnataka

The concession agreement was signed under the Government of India's regional connectivity-UDAN scheme

L&T MBDA Missile System sets up integration facility in Tamil Nadu

Part of the Tamil Nadu Defence Industrial Corridor, the investment in the facility is yet to be disclosed