Page 3299 - Company News

Vedanta implements resolution plan for acquisition of Ferro Alloys

The acquisition will complement Vedanta's existing steel business, as the integration of ferro manufacturing capabilities has the potential to generate significant efficiencies

IOC plans $1.94 bn investment to raise Bihar refinery capacity by 50%

Refined fuel consumption - a proxy for oil demand - in the December quarter rose 2.6 per cent from a year earlier

Plastic fantastic: Visa, Mastercard could be the next $1 trillion companies

Stock prices of both Visa and Mastercard have gained roughly 50 per cent in the past year.

Neemuchwala's Wipro stint marked by contract wins, strategic direction

Neemuchwala, who had been given the additional responsibility of MD in July last year, has cited 'family commitments' as the reason behind his departure from the Azim Premji-promoted firm

Airtel's name removed from DGFT blacklist after dialogue with authorities

Airtel said its has now been removed from the denied entry list, after it highlighted the relevant details and documents submitted to the Directorate General of Foreign Trade

Abidali Neemuchwala quits as Wipro CEO and MD, cites 'family commitments'

Neemuchwala joined Wipro in April 2015 as the president and chief operating officer. The IT major's stock rose about 13 per cent under his tenure as the CEO

Bajaj Auto Q3 results: Profit beats estimates, aided by higher exports

Exports - accounting for 43% of volumes - rose 7%, which helped offset the slowdown in the domestic segment. Domestic sales fell 13%, largely on account of the sharp 16%

After 50 years at the helm, Rahul Bajaj steps down from executive role

The tenure of appointment of Rahul Bajaj as executive chairman is expiring on 31 March 2020

Colgate-Palmolive reports 5.1% decline in profit before tax to Rs 267.4 cr

Net sales increased 4.1% only to Rs 1,136.02 crore versus Rs 1091.63 crore last year

Coronavirus threat: Medical device firms see opportunity with rising demand

But drug firms brace for supply disruptions

NCCD CEO Pawanexh Kohli to demit office a few days before term ends

Kohli, who joined NCCD in 2012 as its first CEO and chief advisor from outside the government, was allegedly unhappy over the functioning of the body in the last few years

Govt plans to sell 15% stake in HAL via offer for sale, bid by Feb 21

The government is looking to appoint up to three merchant bankers for managing the offer for sale (OFS) and has invited bids for the same by February 21

Proposed PFC, REC merger hits roadblock over violation of RBI norms

After the merger, the new entity will be required to reduce its exposure in a project to 25 per cent which may not be feasible

Dabur's strategic moves pays well in Dec quarter, analysts remain positive

Topline up 7% led by 5.6% rise in volumes on faster rural sales, while pre-tax profit up over 9%

Crompton surprises Street with Q3 profit; analysts remain bullish on stock

While lighting segment saw continued pricing pressure, the electrical consumer durables segment was the show stopper in December quarter

Religare Finvest proposes a resolution plan for Rs 5,852 crore of debt

According to the plan, of the Rs 5,852 crore, around Rs 2,700 crore is sustainable debt and will be serviced by the SME portfolio

Hyundai expects to roll out mass market electric vehicle in 3 years

The company is also targeting export of up to 200,000 passenger cars in the year 2020. It exported 181,200 in 2019

Bharti Infratel records Q3 PBT at Rs 1,068 crore; total income slips 4.2%

The company's profit after tax jumped 23% for the December quarter to Rs 798.7 crore. Its net profit stood at Rs 648.4 crore in the year-ago period

Despite new launches, Samsung continues to lag behind Xiaomi in India

It has 18.9 per cent share of the market (Q3 2019, IDC), down from 22.6 per cent for the third quarter of 2018 while Xiaomi has 27.1 per cent share

Blackstone quarterly profit rises 27% on asset sales, fee revenue

The buyout firm also completed the sale of its 61% stake in Swedish property firm Hembla AB to German real estate company Vonovia SE for about $1.3 billion