Page 3375 - Company News

Fairfax India completes equity infusion in Sanmar Group, takes stake to 43%

Under the deal, Sanmar bought back bonds worth Rs 1,990 crore that had sold to Fairfax, which partly re-invested the proceeds into the chemical-making group's equity

Maruti Suzuki Dzire takes top slot in April-Nov, captures 60% market share

The third generation version of the model was launched in May 2017

Lucas-TVS to exit India Japan Lighting, sell stake to JV partner Koito

IJL has manufacturing operations in Chennai and Haryana's Bawal and is setting up a third plant at an investment of Rs 500 crore in Gujarat

Asia's richest man Mukesh Ambani adds $18 billion to his fortune in 2019

In comparison, Alibaba Group founder Jack Ma's net worth grew $11.3 billion, while Jeff Bezos lost $13.2 billion

M&M rejigs top management in automotive, farm equipment divisions

Announcing changes in the group corporate office as well as in auto and farm sectors, to be effective from April 1, 2020, the company said Veejay Nakra will be appointed as CEO of the auto division.

Mumbai, Surat, Ahmedabad top Uber India's list of 2-5 am travellers

Interestingly, Uber recorded the highest number of rides on its platform this year in India on December 7 and 6

Delhi High Court restrains Eveready, McLeod Russel from sale of assets

Another estate sale in Assam is underway for a consideration of Rs 28.15 crore. However, following the court's stay, this transaction is being put on hold.

Tata vs Mistry: RoC moves review plea, seeks modifications in NCLAT order

It has sought the removal of the words "illegal" and "with the help of RoC" in the tribunal's order pertaining to Tata Sons' transition from a public to private company, in September 2017

India business to drive Tata Global Beverages' growth and margins

Addition of consumer biz to bring stability to revenue, profit

Fresh overhang for Reliance Industries as govt tries to block Aramco deal

Government's demand for pending dues may delay company's plan to reduce debt

Revival in production and exports buoys seafood firms: CRISIL SME Tracker

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year

Indians ordered an average of 95 biryanis per minute: Swiggy report

Swiggy reciprocated India's big appetite for biryani with 35,056 varieties and combos of biryanis available for users across the platform

Religare case: Court extends judicial custody of Malvinder till Jan 6

RFL is a group firm of REL, which was earlier promoted by Malvinder and his brother Shivinder Singh

In a first, Coal India turns buyer and signs pact with Odisha firm

OCPL can sell 6,000 tonnes of coal per day to Coal India at notified prices

The great debate: What is the future of West Coast refinery project?

BPCL's impending privatisation and RIL's stake sale to Saudi Aramco raise questions about the future of the West Coast Refinery, once touted as the world's largest

Tata Power wins distribution licence in Odisha's 5 circles, eyes expansion

The company aims to grow its power distribution business fourfold in the next three years

Indiabulls to sell commercial properties to Blackstone for Rs 810 cr

Indiabulls Real Estate has already sold its key commercial properties in Mumbai such as Indiabulls One and Indiabulls Finance Centre and properties in Chennai to Blackstone.

ArcelorMittal signs deal for sale of 50% shipping biz stake to pare debt

ArcelorMittal's equity contribution, however, works out to around $1.14 billion, which is likely to be the net debt at the group level.

Amid legal battle, ONGC takes over physical control of PMT from RIL & Shell

The government had approached the Delhi High Court seeking to block RIL's stake sale plans

Boeing CEO Muilenburg quits after 737 twin crashes, David Calhoun named CEO

Boeing said the company needed to 'restore confidence' and 'repair relationships with regulators, customers and all other stakeholders.'