Page 3370 - Company News
NCLT dissolves Orchid Pharma's promoter firm, says no gain for shareholders
CoC says parent firm has no assets other than holding in Orchid Pharma, which itself is undergoing CIRP; Even if there is a resolution for Orchid Pharma, nothing would be left for investors
 "NCLT dissolves Orchid Pharma's promoter firm, says no gain for shareholders")
Indian airlines may hire fewer pilots in 2020 compared to last year
Pilot appointment, however, cannot be equated with pilot availability.
 "Indian airlines may hire fewer pilots in 2020 compared to last year")
737 Max grounding, Jet crisis may drag down passenger growth to 4%: Crisil
The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.
 "737 Max grounding, Jet crisis may drag down passenger growth to 4%: Crisil")
Fresh EoI will be issued for Pawan Hans disinvestment soon: Minister Puri
On July 11, 2019, the Modi government had issued an EoI to sell its 51% stake in the national helicopter carrier PHL
 "Fresh EoI will be issued for Pawan Hans disinvestment soon: Minister Puri")
Govt to fine firms with over Rs 50 cr revenue for not accepting UPI, RuPay
Companies with turnover of over Rs 50 crore to pay Rs 5,000 per day as penalty
 "Govt to fine firms with over Rs 50 cr revenue for not accepting UPI, RuPay")
Air India will keep on running till it is privatised: Aviation minister
While disinvestment-bound Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore
 "Air India will keep on running till it is privatised: Aviation minister")
PTC chosen as aggregator for buying 2,500 Mw power from stressed producers
The earlier bidding process which was carried out by NHPC in February, 2019, was cancelled due to lack of response from state discoms
 "PTC chosen as aggregator for buying 2,500 Mw power from stressed producers")
Adani Renewable Energy commissions 75-Mw power project in Gujarat
The company said the project, which has a power purchase agreement with the Maharashtra government
 "Adani Renewable Energy commissions 75-Mw power project in Gujarat")
Eight firms to list commercial papers on BSE for issue size of Rs 35,585 cr
After the process, the effective date for listing of commercial papers (CPs) with the exchange will be January 1, 2020, it added.
 "Eight firms to list commercial papers on BSE for issue size of Rs 35,585 cr")
Karvy splits biz, non-finance business to be housed in separate arm
It has also appointed Amitabh Chaturvedi, who used to head private sector lender Dhanlaxmi Bank, as the company's group chief executive for financial services
 "Karvy splits biz, non-finance business to be housed in separate arm")
CoC names Cochin Shipyard successful bidder in Tebma resolution process
Tebma Shipyards Ltd is engaged in the design and construction of offshore vessels
 "CoC names Cochin Shipyard successful bidder in Tebma resolution process")
Ircon International, BEML sign pact to explore opportunities overseas
The pact aims at promoting supply of BEML manufactured rolling stock as well as construction equipment for railway projects outside India
 "Ircon International, BEML sign pact to explore opportunities overseas")
VA Tech WABAG bags project worth Rs 1,187 cr from Bihar govt
The projects upon completion would ensure a cleaner and healthier ecosystem for over 50 per cent of the population in Patna
 "VA Tech WABAG bags project worth Rs 1,187 cr from Bihar govt")
Karvy Group names Amitabh Chaturvedi as new head of financial services arm
Karvy Group is in the process of restructuring its overall business into financial services and non-financial services verticals, it said on Tuesday
 "Karvy Group names Amitabh Chaturvedi as new head of financial services arm")
Reliance to venture in e-commerce with Jio Mart, initial roll-out in Mumbai
A dedicated mobile application for Jio Mart is expected to be launched in the coming weeks, which will also be integrated with My Jio and Jio Money applications,
 "Reliance to venture in e-commerce with Jio Mart, initial roll-out in Mumbai")
Reliance announces Jiomart to take on the online grocery shopping business
Listen to the podcast to know how Reliance is all set to take on Amazon and Flipkart with its online food and grocery selling venture, JioMart
 "Reliance announces Jiomart to take on the online grocery shopping business")
Bankruptcies, jail and even death: The year was bad for some Indian tycoons
Some of the country's biggest and most-storied businessmen saw their fortunes fade in 2019.
 "Bankruptcies, jail and even death: The year was bad for some Indian tycoons")
Brokerages bullish on Adani Ports post acquisition of Snowman Logistics
The sale to ADSEZ is part of Gateway's plan to divest its non-core assets, deleverage its balance sheet, and fund future capital expenditure plans in the rail segment.
 "Brokerages bullish on Adani Ports post acquisition of Snowman Logistics")
A 2020 shopping list Masayoshi Son: K-pop band, Aramco for investor?
A list of investments Masayoshi Son ought to consider after after an awry year for SoftBank Vision Fund.
 "A 2020 shopping list Masayoshi Son: K-pop band, Aramco for investor?")
Year in Review: Top 10 corporate events and crises India Inc faced in 2019
From DHFL, PMC and Karvy crises to the suicide of CCD promoter V G Siddhartha and arrest of the Singh brothers, these corporate events and scandals made strong headlines in 2019
 "Year in Review: Top 10 corporate events and crises India Inc faced in 2019")