Page 3304 - Company News

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

BSNL, MTNL employees taking VRS need to wait till April for dues

This is because the Union Budget does not have provision for any expenditure towards the programme in the current fiscal year

Companies likely to change dividend tax policy after Budget changes

Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income

WeWork appoints US real estate industry veteran Sandeep Mathrani as CEO

WeWork needed a new leader following the departure of controversial co-founder Adam Neumann.

Budget 2020: Jan Aushadhi growth could hurt branded pharma market

In the 2020-21 Union Budget, finance minister Nirmala Sitharaman proposed to expand the scheme to all districts, and offer 2,000 medicines and 300 surgicals by 2024

Budget 2020: Road to bourses for LIC is not going to be an easy one

Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation

Cochin Shipyard acquires 100% stake in two dry docks of West Bengal

With this acquisition of shares, HCSL has become a wholly-owned subsidiary of CSL with a paid-up share capital of Rs 22 crore

Lamborghini aims to maintain growth momentum in India despite slowdown woes

'We want to maintain the growth momentum in 2020', said Lamborghini India head Sharad Agarwal

Amazon, Flipkart may reach out to govt for clarification on 1% TDS levy

The government on Saturday proposed a new levy of 1 per cent TDS (tax deducted at source) on e-commerce transactions, a move that could increase burden on sellers on such platforms

HCL Tech to hike workforce in Lucknow by 50% to 6,000 by March 2021

Firm currently serves 103 global clients from Lucknow centre, of which nearly 70% are US-based

Steps in Budget should help lift India Inc's optimism: Edelweiss Group CEO

The finance minister wants to encourage people to move from savings to consumption