Page 3373 - Company News
ONGC gets green nod for Rs 3,500 cr onshore exploration project in Assam
The Union Environment Ministry has given green clearance to ONGC, the country's largest oil and gas exploration and production company, after taking into account the recommendations of a green panel
 "ONGC gets green nod for Rs 3,500 cr onshore exploration project in Assam")
Reliance Retail shares valued at 20% discount to analyst estimates
The valuations of Reliance Retail have been arrived at using both discounted cash flow method as well as market capitalisation of comparable companies in the listed space
 "Reliance Retail shares valued at 20% discount to analyst estimates")
Myntra processes 13,000 orders per minute at peak of festive sale
600,000 new customers participated in the four-day sale, with 68 per cent of them coming from tier-2 and tier-3 cities and towns
 "Myntra processes 13,000 orders per minute at peak of festive sale")
Panasonic to set up manufacturing unit in AP, begin production from 2021
The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021
 "Panasonic to set up manufacturing unit in AP, begin production from 2021")
Panasonic to set up manufacturing unit in AP, begin production from 2021
The manufacturing unit will be fourth such Panasonic facility in the country and is scheduled to begin production in Autumn 2021
E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO
Jain who has been a finance leader with exposure to large multi-location and transnational revenues, will play a key role in Ather's aggressive expansion plans
 "E-scooter startup Ather Energy appoints Ex-Apple exec Deepak Jain as CFO")
Manappuram Finance to raise up to Rs 350 crore through issuance of NCDs
The shares of Manappuram Finance were trading at Rs 172.35, down 0.14% on BSE
 "Manappuram Finance to raise up to Rs 350 crore through issuance of NCDs")
Mukesh Ambani's Reliance Retail valued at $34 billion in share swap
Reliance Retail runs India's largest chain of neighborhood supermarket stores and consumer electronics stores
 "Mukesh Ambani's Reliance Retail valued at $34 billion in share swap")
From China with funding: Country puts its faith in Indian start-ups
Not just from the likes of Alibaba and Didi Chuxing, Indian start-ups saw a surge in Chinese funding from financial investors this year
 "From China with funding: Country puts its faith in Indian start-ups")
Payments, 5G phones to be big areas of focus for OnePlus in 2020
The company plans to launch OnePlus payments in India first before making waves in global markets
 "Payments, 5G phones to be big areas of focus for OnePlus in 2020")
Airbus added to 'operational challenge': GoAir explains cancelled flights
The Wadia group-owned airline cancelled as many as 40 flights this week on account of shortage of staff and inclement weather
 "Airbus added to 'operational challenge': GoAir explains cancelled flights")
Bombay Shaving Company raises Rs 45 crore in Series B funding round
The beauty and personal care (BPC) market in India, which stood at $16 billion in 2018, is expected to grow to $22.5 billion by 2022
 "Bombay Shaving Company raises Rs 45 crore in Series B funding round")
France's Safran considers $150-mn aircraft engine repair unit in India
Safran and GE Aviation own a 50 per cent stake each in the US-based CFM International, which manufactures engines for the Airbus A320 and Boeing 737 types of aircraft
 "France's Safran considers $150-mn aircraft engine repair unit in India")
MRG World to invest Rs 200 cr to build another affordable housing project
The project would entail an investment of Rs 200 crore, which will be met by internal accruals and the proceeds from sale.
 "MRG World to invest Rs 200 cr to build another affordable housing project")
Piramal Enterprises to raise Rs 2,750 cr via bonds in multiple tranches
Piramal Enterprises said the money can be raised in one or more tranches from time to time.
 "Piramal Enterprises to raise Rs 2,750 cr via bonds in multiple tranches")
Recovery of stressed assets improved marginally in FY19 driven by IBC: RBI
The amount involved under IBC was Rs 1.66 trillion and more than Rs 70,819 crore was recovered, with a recovery rate of 42.5%
 "Recovery of stressed assets improved marginally in FY19 driven by IBC: RBI")
NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022
The source also said the company intends to capitalise on real time power market, which is just three months away
 "NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022")
Privatisation may affect SCI's decision-making powers, shipping market
In April 2003, the Cabinet Committee on Disinvestment had decided to suspend any divestment in SCI.
 "Privatisation may affect SCI's decision-making powers, shipping market")
Top Nissan exec Jun Seki announces exit abruptly, to join EV maker Nidec
The company's shares fell 3.1% to 633 yen, the lowest since 2011, as of the close Wednesday in Tokyo.
 "Top Nissan exec Jun Seki announces exit abruptly, to join EV maker Nidec")
Is sheer size the biggest hurdle in the NCLT route for McLeod Russel?
Viability of the tea industry is another factor that is holding back companies from bidding for India's largest tea company
 "Is sheer size the biggest hurdle in the NCLT route for McLeod Russel?")