Page 3321 - Company News
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
 "Govt approves raising FDI in Bharti Airtel to 100% from 49% allowed earlier")
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)
 "ED opposes dropping ongoing investigation against Bhushan Power and 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
 "Maruti signals exit from diesel space; Hyundai gears up to dominate segment")
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)
 "FMCG recovery likely in 2020; Nielsen, CRISIL predict double-digit growth")
AGR dues: DoT talks tough on deadline, telecom companies sit on the fence
Telcos discuss giving January 24 deadline a miss
 "AGR dues: DoT talks tough on deadline, telecom companies sit on the fence")
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
 "Despite recovery in exports to US, India's textile exports decline 8%")
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
 "Air India sets up panel to address privatisation-related issues of staff")
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)
 "SAT extends status quo on Axis Bank-Karvy Stock Broking case till Jan 31")
Q3 results: ICICI Securities' revenue grows 4%, Lombard meets expectations
December quarter (Q3) was a mixed ICICI Bank's subsidiaries - namely ICICI Lombard, ICICI Securities (I-Sec), and ICICI Prudential Life Insurance (I-Pru Life)
 "Q3 results: ICICI Securities' revenue grows 4%, Lombard meets expectations")
Lower prices, production take sheen off Hindustan Zinc's Q3 performance
In Q3, the average zinc prices on the London Metal Exchange at $2,388 a tonne was down 9 per cent year-on-year (YoY); sequentially, it was up marginally by 2 per cent
 "Lower prices, production take sheen off Hindustan Zinc's Q3 performance")
Danfoss invests Rs 118 cr to set up mobile hydraulics plant in Pune
The company's Indian subsidiary Danfoss Power Solutions will be manufacturing products like electronic controls, pumps and valves, motors, sensors and transmitters, among others in this facility
 "Danfoss invests Rs 118 cr to set up mobile hydraulics plant in Pune")
Cadbury 5 Star to Nirma's ad: Why are brands failing laughter challenge?
For Mondelez India, its recent Cadbury 5 Star ad that had an old woman thanking a young man for 'doing nothing' as she picks up her stick was seen as insensitive and caricaturing the youth
 "Cadbury 5 Star to Nirma's ad: Why are brands failing laughter challenge?")
Credit risks to remain high in India's financial sector in 2020, says S&P
India will go through a tug of war on the economy, resolution of bad loans, and health of non-banking financing companies (NBFC), S&P said
 "Credit risks to remain high in India's financial sector in 2020, says S&P")
Bank fraud case: ED attaches over Rs 107 crore assets of Kolkata firm
The total value of the properties is Rs 107.73 crore
 "Bank fraud case: ED attaches over Rs 107 crore assets of Kolkata firm")
CBI books Frost International and its directors in Rs 3,592-crore fraud
The action has been taken on the complaint of Kanpur Zonal office of Bank of India, which alleged that the directors had worked in the guise of undertaking merchanting trade without genuine business
 "CBI books Frost International and its directors in Rs 3,592-crore fraud")
Mahindra XUV300 gets 5-star adult safety rating in Global NCAP test
The XUV300 becomes the first Indian vehicle to score the highest points among all five-star rated cars tested so far by Global NCAP, the auto major said in a statement
 "Mahindra XUV300 gets 5-star adult safety rating in Global NCAP test")
Indian IT services firms stare at revenue loss as core business falters
Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period
 "Indian IT services firms stare at revenue loss as core business falters")
Yudvir Singh Malik appointed Unitech's CMD after govt supersedes board
The central government has superseded Unitech's board on Supreme Court's direction
 "Yudvir Singh Malik appointed Unitech's CMD after govt supersedes board")
Apollo inks deal with TeleHealthcare Malaysia to set up 100 tele-clinics
The telehealth centres will be located at a distance of 50 kms each and will provide teleconsultations in multiple specialties including Endocrinology, Nephrology, Cardiology and Orthopaedics.
 "Apollo inks deal with TeleHealthcare Malaysia to set up 100 tele-clinics")
New FMS to boost production of MBT engines at Chennai ordnance factory
The commissioning of the FMS will enable the factory to meet the enhanced requirements of engines and spares
 "New FMS to boost production of MBT engines at Chennai ordnance factory")