Page 3316 - Company News

In a first for a US carmaker, Tesla crosses $100 bn stock market valuation

Tesla's market value also puts Musk a step closer to earning the first $346 million tranche of options in a record-breaking pay package

GM's Cruise unveils Origin, an electric car sans steering wheel, pedals

Cruise's Chief Executive Officer, Dan Ammann, said the boxy vehicle with sliding doors will be used for the company's own ride-hailing service

Mitsubishi offices raided in Germany over suspected diesel emissions fraud

A spokesperson for Mitsubishi Motors in Japan on Wednesday confirmed the raid on its German distributors as well as on its European research and development facilities

Duopoly catches up in food delivery space as Zomato acquires Uber Eats

The Uber Eats deal helps Zomato to catapult to the number one slot, leaving market leader Swiggy slightly behind

A brand of many firsts, the JK Group trying to live up to its legacy

The British-era company, which started as textiles business, has diversified significantly into other businesses to become the conglomerate it is today

Real estate companies rush to occupy growing co-living market in India

Priced at Rs 10,000-20,000 per bed, Olive's first phase will see the launch of 20,000 beds in all - 15,000s in Bengaluru and 2,500 each in Chennai and Pune

Top realtors in talks with Graphite India to acquire Bengaluru land

Deal size expected to be in the Rs 2,000-25,000 crore range

Bengaluru, Delhi, Hyderabad lead e-merchant payments in 2019: Razorpay

Owing to the growth of UPI, share of wallets continue to decline despite the increase in the number of transactions, the report said.

Financial crisis in tea sector deepens; companies put up estates for sale

The root of the problem, according to industry officials, is the sudden stoppage of lines of credit to tea plantation companies

After two months of positive sales, auto sales fall by 15% in December

FADA data shows that total vehicle registrations dropped to 16,06,002 units in December 2019 from 18,80,995 units a year ago.

GE appoints Mahesh Palashikar as new President and CEO for South Asia

Wanchoo retires on June 1 and will return to the US after completing handover to Mahesh

Allcargo acquires nearly 13% stake in Gati in first of three-phased buyout

The Avvashya Group company is now well on track to complete the process to acquire 44.5 percent stake in Gati, the total deal size of which is Rs 416 crore

Govt approves raising FDI in Bharti Airtel to 100% from 49% allowed earlier

The approval comes just days before the company has to clear statutory liabilities of up to nearly Rs 35,586 cr, of which Rs 21,682 cr is licence fee and another Rs 13,904.01 cr is spectrum dues

ED opposes dropping ongoing investigation against Bhushan Power and Steel

This is because the immunity provided by the new provision in the insolvency law is not applicable to the new promoter (JSW Steel)

Maruti signals exit from diesel space; Hyundai gears up to dominate segment

From April 1, Bharat Stage (BS)-VI emission norms for automobiles will become mandatory across the country

FMCG recovery likely in 2020; Nielsen, CRISIL predict double-digit growth

According to Nielsen's estimates, India's Rs 4 trillion FMCG market is expected to grow by 10% in calendar year 2020 (CY20)

AGR dues: DoT talks tough on deadline, telecom companies sit on the fence

Telcos discuss giving January 24 deadline a miss

Despite recovery in exports to US, India's textile exports decline 8%

Delay in policy support blocks working capital, promoters increase stake in companies on revival hopes

Air India sets up panel to address privatisation-related issues of staff

The panel has been set up a day after discussions between Civil Aviation Minister Hardeep Singh Puri and representatives of various Air India unions

SAT extends status quo on Axis Bank-Karvy Stock Broking case till Jan 31

On January 15, Axis Bank had moved SAT seeking relief against an order passed by the Securities and Exchange Board of India (Sebi)