Page 3355 - Company News

Govt gives nod for sale of equity shares of 6 PSUs in Neelachal Ispat

The six PSUs are MMTC, National Mineral Development Corporation, Bharat Heavy Electrical Ltd, Odisha Mining Corporation, Odisha Investment Corporation and MECON

Shriram Automall acquires Augeo to expand beyond auto auctioning

Augeo will be the first organised platform, which will provide complete service to the bankers and other institutions through its online portal 123done.in

IBM appoints Sandip Patel as MD of its India and South Asia operations

He succeeds Karan Bajwa, who is quitting the company to pursue opportunities outside of IBM

From FlixBus to Intrcity, brands lay pitch to disrupt the bus market

The buses that these new firms offer are a far cry from the crumbling vehicles that state governments run

Three key issues and the rift between Reliance Industries and the Centre

Within less than a year, there have been three occasions when the government of India and the country's most valued firm by market capitalisation have been at odds

Samsung profit estimates beat forecasts, earnings likely fell 34%

The world's biggest memory chip maker has struggled since late 2018 as a weak global economy curbed spending by data centre customers and rising inventories of memory chips squeezed prices

GREY Group India appoints Anusha Shetty as chairman & group CEO

Promotes Sandipan Bhattacharyya to MD & CCO

Experience Hub, Thomas Cook India ink long-term pact for Abu Dhabi travel

Shares of Thomas Cook (India) Ltd closed at Rs 62.30 per scrip on the BSE, up 2.13 per cent from its previous close

YES Bank to hold board meeting on January 10, discuss fund raising

YES Bank said it would discuss and consider raising of funds by issue equity shares or depository receipts/ convertible bonds/debentures or any other equity-linked securities

Pilots' union of Air India calls for vote on strike and insolvency

A strike can be declared only after giving 14 days' notice to the employer

Despite relaxation in norms, 25 stressed power assets yet to be resolved

Of the 36 identified stressed assets, seven have been resolved through debt-restructuring schemes by lenders

Mumbai posts decline in residential launches, sales in H2 2019: Report

However, the report observed that despite headwinds of economic slowdown, Indian real estate sector has recorded an overall growth in 2019

Suzlon, Jaypee Infra, others disclose default as Sebi tightens norms

The disclosures were made after a November 2019 Securities and Exchange Board of India's directive asking companies to disclose defaults of 30 days and above

Air India sale ready to take off: GoM okays EoI, share purchase agreement

Govt gives nod to hive off another Rs 20,000 cr in debt and liabilities

Uber teams up with Hyundai Motor to develop small electric-flying cars

Global players like Germany's Daimler , China's Geely Automobile and Japan's Toyota have all unveiled investments in startups that aim to deploy electric flying cars capable of vertical takeoff

Ola's outstation service grows 2X; tier-2 cities contribute the most

The company, which competes with US rival Uber, aims to capture a market that is poised to grow to $15 billion in the near future

Religare Finvest's lenders may take a 49% haircut on Rs 58-billion debt

Any debt restructuring at Religare Finvest, which is being bought by TCG Advisory Services, would be the first among peers since the credit market squeeze started in 2018

Ansal Housing reports 'default' on loans worth Rs 315.63 crore

In a regulatory filing, the company informed that its total loan amount outstanding from banks and financial institutions stood at Rs 498.57 crore as on December 31

GoAir Delhi-Varanasi flight returns due to PW engine's mid-air snag

"G8186 Delhi-Varanasi flight had to return to Delhi on Tuesday evening as one of the PW engines developed high vibration," said the official

SC rejects govt plea challenging tribunal refunding Rs 104 crore to RCom

TDSAT had asked government to return Rs 104 crore to now-bankrupt company after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore.