Page 3313 - Company News

Al-Kharafi to invest Rs 49,000 cr to set up petroleum refinery in TN

Chief Minister Edappadi K Palaniswami said that Al-Kharafi is expected to set up a petroleum refinery in compliance with BS-VI emission norms

iQOO set to enter India with 5G smartphone, aims to sell 1 million devices

iQOO is a sub-brand of Vivo in China but will operate in India as a separate entity

PhonePe expands into financial services, launches int'l travel insurance

PhonePe, which competes with Alibaba-backed Paytm, Amazon Pay and Google Pay, claimed it is India's first digital payment platform to launch international travel insurance.

iPhone shipments in India grow 6% in 2019 compared to 43% fall a year ago

However, 2019 shipments are still down more than a quarter from 2016

DLF to invest Rs 13,000 cr to develop office spaces in Gurugram, Chennai

DLF has office spaces spread over 32 million sq.ft of area across Delhi NCR, Chennai, Hyderabad, Kolkata, and Chandigarh

Mondelez pays Centre Rs 439 cr to settle tax dispute involving phantom unit

The "area-based exemption" for new units of firms in Himachal Pradesh provides full exemption from excise duties for production of specific goods for 10 years, as per norms.

Sebi glare on Voda Idea writedown by mutual funds after AGR verdict

Franklin Templeton MF announced 100% mark-down; others followed valuation metric after SC rejected telcos' petition

Tata Projects wins orders worth Rs 6,000 crore from oil and gas sector

Tata Projects will be executing a 2G Bio Ethanol Project for BPCL in Odisha

Delay by Airbus, P&W in aircraft delivery forces GoAir to suspend flights

In the last four weeks, the carrier said, it has gone through unplanned grounding of aircraft, which were supporting its current operation of fleet.

Reliance Jio pays Rs 195 cr to DoT to clear all AGR dues in advance

The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, 2019.

DoT to take no coercive action against telcos for missing AGR deadline

Bharti Airtel, Voda Idea and the Tatas are set to miuss the Jan 24 deadline as they would wait until next week, when their "modification" petition will be heard by the SC, before making AGR payments

Will SAIL-BSP be able to complete the Indian Railways order this fiscal?

Company racing towards fulfilling railways' requirement of 1.35 million tonne

PhonePe launches digital ATM, users can withdraw cash from merchant shops

PhonePe said there will not be any charges for customers or merchants to avail of this service

UP clears decks for PepsiCo's Rs 500 crore potato chips plant

Adityanath cabinet gives nod to issue 'letter of comfort' to PepsiCo

NTT lines up $7 billion globally, bets big on Indian market

Netmagic, which offers colocation services and managed services to customers, is looking at doubling its India footprint in the next three years

JSW Steel plans to raise up to Rs 1,000 crore through issuance of NCDs

The proceeds will be used to meet long-term working capital requirements, refinance existing debt, general corporate purpose and ongoing capital expenditure, the company said in a filing to BSE

Innovations in fashion present $20-30 bn investment opportunities: Study

As per the report, only a fraction of all available capital has been invested in fashion and textile technology, leaving many innovators stuck in a financing gap

Amazon asks court to pause Microsoft's work on $10-bn Pentagon contract

Amazon blames Donald Trump for bias against the company and for improperly pressuring the Pentagon in the cloud computing contract.

Alembic Pharma gets final nod from US regulator for Fenofibrate tablets

Fenofibrate tablets have an estimated market size of $100 million for twelve months ending September 2019, according to IQVIA

After Gurugram, DLF eyes Chennai; to invest Rs 5,000 cr in and around city

The city will become the company's second largest market after Gurugram