Page 3358 - Company News

'Yet to retire' Tata Nano ends 2019 with zero production, sales of 1 unit

According to a regulatory filing by the company, Tata Motors had zero production and sales of the Nano in December 2019 while it produced 82 units and sold 88 units in December 2018.

UTI Mutual Fund receives payments of Rs 20.5 cr from Altico Capital India

Certain UTI Mutual Fund schemes invested in debt instruments of Altico that were downgraded to below investment grade by credit rating agencies in September 2019

Amazon India inks two long-term agreements with Future Retail, FCL

The development comes after Amazon had agreed to buy 49% stake in Future Coupons Ltd

After completion of VRS scheme, a leaner BSNL begins process to roll-out 4G

On October 25, the Centre approved a Rs 69,000 crore revival package for BSNL and MTNL

True North to pick 2.44% stake for Rs 536.25 crore in Biocon Biologics

Deal values Biocon Biologics at $ 3 billion

Crystal Crop acquires 3 insecticide brands from Corteva Agriscience

The company has seven manufacturing plants in Gujarat, Maharashtra and Haryana

Tata Sons doesn't mention plea in SC against NCLAT decision on Cyrus Mistry

A lawyer associated with the matter had said earlier that the appeal against the NCALT decision would be mentioned for early listing on reopening of the apex court after the winter break

Jakob Friis Sorensen takes charge as MD of APM Terminals Pipavav

Sorensen has been a part of AP Moller Maersk Group since 1987 starting at the internal A P Moller Shipping School in Copenhagen, Denmark

Not shutting down, managing financial condition appropriately: Air India

"Air India's financially and operational condition is being appropriately dealt with without compromising on our service levels," said Meenakshi Malik, Director-Commercial, Air India

JK Tyre bets big on exports, replacement market to beat auto sales slump

Due to the ongoing slump in the Indian automobile sector, the company has seen contribution from OEM segment to its overall sales decline to around 20% from an earlier 32-33%

Tata Steel BSL gets relief from HC from appearance in Bhushan Steel case

The company was asked by the trial court to appear, through its authorised representative, before it on Tuesday

Telecom industry urges govt to facilitate funding at lower interest rate

Representatives from the industry met telecom ministry officials to communicate their suggestions to help the debt-ridden sector

IndiGo to start Bengaluru-Agra direct flight services from March 5

The services on the new route will be operated under the government's regional connectivity scheme Udan

Court extends judicial custody of ex-Fortis promoter Malvinder for 2 weeks

Court also extended judicial custody of former CMD of Religare Enterprises Limited Sunil Godhwani for two weeks

Tata Capital Housing Finance plans to raise up to Rs 2,000 crore via NCDs

This is a maiden retail bond issue from the company. The base size of the issue is of Rs 500 crore with an option to retain an oversubscription up to Rs 1,500 crore

CDSL becomes first depository to open branch in IFSC at GIFT City

CDSL earns revenue from transaction charges, account maintenance and settlement levy paid by depository participants

Air India renews contract with GDS provider Amadeus for international sales

Airlines use GDS systems like Amadeus, Sabre and Travelport to distribute their tickets to travel agents globally for a fee

Gulf Oil extends pact with Bajaj Auto for supply of engine oil by 3 years

At present, Gulf Oil supplies engine oil to Bajaj Auto in markets across 20 countries, including India

Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid

Last month, NBCC won the bid to acquire Jaypee Infratech after financial creditors, including lenders and homebuyers, approved its resolution plan

True North to invest Rs 536.25 crore in Biocon Biologics for 2.44% stake

This values Biocon Biologics at Rs 21,450 crore or around $3 billion, on a pre-money equity basis