Page 3390 - Company News

Star India, Sony, 22 others in race to bag IPL rights

BCCI identifies 7 territories to award rights instead of 2 - India and rest of the world - earlier

BCCI declares open tender for IPL broadcast rights

IPL's media rights are currently held by Sony Pictures Network India

IPL broadcast rights: Airtel and Yahoo join race, buy bid document

The estimated valuation of IPL broadcast rights is expected to fetch an unprecedented Rs 20,000 cr

Amid jet groundings, Boeing likely to shut down 737 MAX production: Report

The Board of Directors of the company is likely to decide on the production status of the 737 Max jets at the final assembly facility in Renton city in D.C., according to the Seattle Times

UK group to invest Rs 950 crore in Turbo Aviation's new airline TruStar

Founded by V Umesh, Turbo Aviation is planning to launch a new airline called TruStar to run the commuter air services under UDAN scheme starting next year

Cipla acquires brand, trademark for anti-diabetic drug Vysov in India

The market size of Vildagliptin in India is Rs 818 crore as per IQVIA MAT data of November 2019, Cipla said

Sumitomo Mitsui Banking Corporation picks up 5.4% stake in Northern Arc

SMBC will make investments in transactions structured and executed by Northern Arc as well as provide on-balance sheet lending to Northern Arc's partners

US-funded startup hub Nexus looks to go beyond Delhi with new partners

Started exclusively in India by the American Center, the Nexus Startup Hub has trained more than 90 startups through 9 cohorts each with a 10-week programme

Japan's Suntory eyes growth, starts selling first whiskey blended in India

Suntory, which already sells whisky in India including from its subsidiary Beam Suntory, would begin selling a new product which uses imported whisky blended in India, a spokeswoman said.

Cineworld to acquire Canada's Cineplex at $2.1 bn, expand across US

Cineworld has offered to buy Toronto-based Cineplex for C$34 ($25.56) per share, a premium of 42% to its close on Friday

Vistara chief commercial officer Sanjiv Kapoor quits over personal reasons

Chief Strategy Officer Vinod Kannan will take over as the CCO from Kapoor, who joined the airline in March 2016

IRDA gets close to 170 applications under sandbox, approvals by end of FY20

In May this year, the insurance regulator had come out with draft regulations for the creation of a regulatory sandbox in the insurance sector

Turbo Aviation to launch low-cost airline, fly on Udan routes by mid-2020

The company has already signed a partnership deal with a UK business group for a $100-million funding support to speed up the launch process

November pain: Air India's domestic market share falls to lowest in 2019

The government's refusal to inject money into national carrier Air India shows in its declining market share.

Auto slowdown? These brands beat conventional wisdom to show early success

Kia Motors and MG Motor were from the automobile sector which was the flag-bearer of the downturn and yet both have made a mark

ICPPA, CCAI urge MCL to not release coal at minimum commitment level

The ICPPA secretary-general Rajiv Agrawal in a letter to CIL said CPP and industries are going through a difficult economic phase

Bangladesh signs deal with Reliance Power to buy electricity for 22 years

Reliance plans to invest about $1 billion to set up a local plant by 2022 to provide the electricity.

Numaligarh Refinery eyes opportunities in international market to sell wax

The company's Rs 676-cr wax plant was commissioned by Prime Minister in February this year and is the largest in India

Entertain and inform: Customers want more than what traditional stores give

It is no longer about digital versus offline retail, or about creating an omnichannel brand

Realme becomes India's fastest growing smartphone with 15 mn handsets sold

Realme, which began as an Oppo sub-brand in May 2018, was promptly spun off into a standalone entity and is now taking on bigger rival Xiaomi with similar price points and segments of Rs 7,000-20,000