Page 3391 - Company News

Agri input players gain momentum on prospect of an improved Rabi season

Coromandel International, PI Industries may be some of the beneficiaries

Volkswagen partners ORIX for car leasing service in India

The company is offering customers car leasing from a minimum period of two years to a maximum period of four years

Samsung to invest $8 bn in Xian chip plant, to be operational by mid 2020

The plant is expected to begin operation in the first half of 2020. The company's first Xian plant has been running since 2014

PhonePe crosses 5 billion transactions, grows five times in one year

The digital payments platform has over 175 million registered users in the country

Religare Finvest scam: Shivinder Singh sent to ED custody till December 19

Additional Sessions Judge Sandeep Yadav sent Singh to ED remand after the agency sought his 14-day custodial interrogation.

Delivery Hero leaps on $4 billion food app deal to buy South Korea's Woowa

Delivery Hero's Oestberg said he would commit new resources to Woowa to enable it to hold its own and expand

Wipro, IISc build India's first metal additive manufacturing machine

The machine benchmarking is underway and likely to be completed in the near future, according to the statement.

Walmart's PhonePe crosses 5 bn transactions on its app, a 5X yoy growth

The company said it is accepted as a payment option across 80 lakh micro, small and medium enterprises in over 215 cities in India

One97 Communications raises over $660 mn from investors including Alipay

SoftBank's SVF Panther (Cayman), among others has also invested in the company

Jaypee homebuyers' body urges lenders, flat owners to vote for NBCC bid

This is the third round of bidding process, which has been initiated on the direction of the apex court.

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.

GIC settles insider trading case with Sebi, pays Rs 1.23 cr as remittance

GIC filed a settlement application with the regulator "without admitting or denying the findings of fact and conclusions of law, proposing to settle the defaults" and remitted the settlement amount

RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr

The investment will further enable the group's initiatives in emerging technology, it added

ZestMoney to disburse credit worth $400 mn, partners with Northern Arc

ZestMoney said its technology platform provides easy access to consumer loans to millions of Indian households, which currently have no access to credit cards or any other formal financing options

Health check shows fortunes turning for NBFCs after prolonged crisis

Two of four indicators compiled by Bloomberg that reflect the state of non-bank financial companies strengthened last month from October

NFRA finds huge gaps in Deloitte's audit of IFIN, says will examine further

The audit and accounting regulatory body has advised Deloitte to take action to revamp its processes and ensure compliance

L&T Infotech's expectations of better growth in H2FY20 a shot in the arm?

December quarter results are likely to provide clarity on growth prospects

Jio redux: Reliance's entry into diagnostics industry may lower prices

With bigger players making inroads, share of organised sector to increase in a fragmented market

Shapoorji offloads Rs 397-cr TCS shares to strengthen its balance sheet

The group is reportedly looking to sell stake in Eureka Forbes to shore up liquidity.

Saudi Aramco crosses $2 trn valuation, becomes most valuable listed company

Aramco has sold a 1.5 per cent share to mostly Saudi investors and local Saudi and Gulf-based funds