Page 3372 - Company News

DHFL scam: ED probing money laundering of Rs 4,122 crore EPF corpus

While Rs 4,122 cr was parked with DHFL between March 2017 and Dec 2018, some Rs 2,267 crore is outstanding with the firm, which has been barred by Bombay HC from making fresh repayments

Mavyn Logistics ties up with Grofers to provide end-to-end solutions

Mavyn does not own the trucks that it uses but works as an intermediary for facilitating logistics supply. It believes it is to logistics what Uber is to taxi hailing services

Nalco looking to revisit its expansion plans, says CMD Sridhar Patra

National Aluminium Company Ltd (Nalco) is a navratna CPSE under the Ministry of Mines

Battered by slowdown, auto industry pins hopes on 2020 for turnaround

Industry body Society of Indian Automobile Manufacturers (SIAM) expects things to turnaround in 2020-21

Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit

Top Indian IT firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme

Ashok Leyland, Citicorp Finance ink MoU for commercial vehicles' financing

Citicorp Finance will work in close coordination with the authorised dealers of Ashok Leyland to provide financial solutions to customers

Latin America and India are key growth markets for UPL in H2FY20

The company is confident of achieving its revenue growth guidance of 8-10 per cent and operating profit growth guidance of 16-20 per cent for FY20

Higher incremental capacity, load factors to boost SpiceJet's market share

SpiceJet reported 93 per cent load factor for November, led by a 45 per cent jump in passenger traffic

Travel trends: Where Indians went and stayed in 2019, reveals Oyo report

In 2019, Oyo saw some interesting travel trends through its properties

E-commerce platform ShopClues narrows losses to Rs 68.58 crore in 2018-19

The company, which is registered as Clues Network, had registered a loss of Rs 208.14 crore in 2017-18, according to documents sourced by business intelligence platform Tofler.

Aye Finance gets Rs 107 crore in debt funding from Swiss-based BlueOrchard

Last month, Aye Finance had announced it raised Rs 125 crore from Dutch development bank FMO

Zooming onion rates to pricey bananas: Advertisers bask in moment-ary glory

When onion prices were hovering around Rs 150 a kg and FM Nirmala Sitharaman was being pilloried for her comments on the kitchen staple, food-delivery platforms put out clever one liners

Airtel Payments Bank enables NEFT, users can make transfers at any time

The facility will be available to customers on 24x7 basis even on holidays, enabling them to receive or send funds to any bank from anywhere, anytime, Airtel Payments Bank said in a statement

Mukesh Ambani family case: I-T department seeks details from seven nations

According to the I-T department, the Ambani family refuted all the charges in the show-cause notice and submitted the copy of GDR offer documents on June 7 for RUPL along with other documents

Airports Authority banks on non-metros for overnight parking of planes

The AAI's western region also requested the Madhya Pradesh government to reduce value-added tax (VAT) on aviation turbine in Bhopal, Indore and Jabalpur to encourage overnight parking of planes

Eyes on the sky: GoAir strengthens rostering to prevent flight disruptions

GoAir cancelled almost 40 flights on November 23 and 24, during which it also reported turn back of two if its aircraft to the departing airport due to snags

IL&FS case: Sebi fines ICRA, CARE Rs 2.5 mln each for poor due diligence

Sebi also said the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of these rating agencies

Air India stops issuing tickets on credit to govt bodies owing over Rs 1 mn

In total, these government agencies owe around Rs 268 crore to the national carrier, he said, adding that "around Rs 50 crore has been recovered from these agencies by the airline"

Zoomcar prepares to be electric vehicle-driven by 2025, plans expansion

The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month

Power Exchange bets on renewable energy; to focus on revival of REC market

PXIL faced financial crisis in 2017 when its net worth eroded and promoters of NSE and NCDEX wanted to shut it down prior to NSE's proposed initial public offering (IPO)