Page 3308 - Company News

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

Apple, Samsung in close competition for title of top smartphone seller

Industry trackers on Thursday released estimates that show the iPhone maker close to matching or surpassing its Korean rival in shipments during the pivotal holiday quarter

Coronavirus outbreak: Electronics companies stare at uncertain future

As a large number of components continue to be imported from the neighbouring country, makers of mobile handsets, air conditioners, television sets and refrigerators may face a supply crunch

LIC HFC Q3 PBT down 13% on a sharp rise in provisions for stressed loans

It had posted a PBT of Rs 745.32 crore in the third quarter ended December 2018 (Q3Fy19)

With no sign of turnaround, NCR real estate market on tight belt

The second of a three-part series looks at how the overall economic slowdown and govt action on the debt-laden builders have altered the real estate landscape of Gurugram region

Godfrey Phillips sale: Family working to solve differences, says Lalit Modi

The new move comes just days after Lalit Modi, through a series of tweets, had declared war on his family members, saying that all key assets of the K K Modi group were up for sale

No India impact as Unilever plans to review tea business globally: Experts

The Indian tea portfolio includes brands such as Brooke Bond Red Label, 3 Roses, Taaza, Taj Mahal and Lipton green tea

Unilever likely put Lipton Tea on the block amid slowdown in demand

Unilever is following a consumer shift to coffee as a primary source of caffeine, with takeaway cafes proliferating from London to Beijing

UltraTech is now Asia's second-most valuable cement company by m-cap

UltraTech and Shree Cement now together account for a fifth of the combined m-cap of Asia's leading listed cement makers, against their 6 per cent share in industry's revenues

JLR posts revenue hike amid sales fall, China business continues to recover

The company has now embarked on 'Project Charge +', the next phase of Project Charge

Marico Q3 net profit rises 10% to Rs 276 crore on gross margin expansions

Marico's total expenses were at Rs 1,495 crore as against Rs 1,542 crore, down 3.04%

Colgate-Palmolive Q3 net up 3.64% at Rs 199 crore, income rises marginally

The company reported a net sales growth of 4.1% despite category headwinds in both rural and urban