Page 3392 - Company News

HDFC AMC takes 35% markdown on Simplex exposure after rating falls to 'D'

HDFC Credit Risk Fund had Rs 124 crore of exposure to the NCDs of the company

HPCL most vulnerable to falling refining margins; RIL best placed

A higher diesel spread means refiners will see better GRMs as compared to the benchmark

IFA Fund invests $6 mn in agritech start-up Ecozen's Series-A financing

This funding is on top of the investment received in July 2019 from Caspian and the Hivos-Triodos Fund

Bajaj Finance: Despite gains, risk of slowing consumer demand not priced in

Growth rate seen moderating further given little sign of revival

Street cheers for Ujjivan Small Finance Bank as stock soars 50% on debut

Ujjivan SFB stock touched a high of Rs 62.8 and low of Rs 53 on the National Stock Exchange

Telcos fined Rs 3.2 cr in penalties for call drops, maximum on Voda Idea

Financial disincentive of Rs 47.5 lakh has been imposed on government-owned telecom firm BSNL, Rs 56 lakh on Tata Teleservices, Rs 34 lakh on Bharti Airtel

Godrej Properties adds three new projects in Mumbai, one in Bengaluru

GPL has entered into a joint venture to develop a township project of over 100 acres in the well-established and growing residential market of Navi Mumbai

Karvy case: Appellate tribunal reserves order on Axis Bank's plea

Lender had overdraft facility of Rs 100 crore to brokerage

Karvy: Clients of commodity arm knock on bourses' doors over payment delay

Karvy group's commodity broking arm, too, is facing a liquidity crisis because of some issues related to NCDEX

Nokia, Daimler, others agree to mediation to resolve licensing dispute

Nokia's usual practice is to license its technologies at the car level, whereas Daimler says component makers should also be able to apply for them.

TRAI looking at setting floor price to ensure viability of telcos

Free voice calls and dirt cheap data by billionaire Mukesh Ambani's Jio has wrecked havoc on the industry, which squeezed finances to match them

RIL subsidiary picks up majority stake in NowFloats for Rs 142 crore

The stake purchase is aimed at strengthening the group's digital and new commerce initiatives

Explained: Why Bharti Airtel's DTH merger with Dish TV makes sense

The merger with Dish TV provides Airtel substantial access to new homes.

Despite slowdown, air traffic grows fastest in November this year at 11.2%

About 1.2 crore passengers flew in November as compared to 1.1 crore in October

Rishi Vasudev, Flipkart fashion's group head, exits from company

Vasudev was responsible for the expansion of the fashion vertical, both at Flipkart and Myntra.

Companies spent Rs 11,867 cr on CSR activities in FY19; highest so far

Maharashtra tops the list; Bihar, N-E suffer with lower spends

Vipin Sondhi appointed Ashok Leyland's new MD and CEO, to focus on growth

Sondhi has been leading large MNC organisations with more than three decades of experience in the manufacturing and engineering sectors

Apple supplier Japan Display set to receive $830 million from Ichigo

Apple's commitment to financially support Japan Display has reassured potential investors, sources familiar with the deal said

RIL acquires start-up NowFloats for Rs 141.63 cr, further invests Rs 75 cr

RSBVL proposes to make a further investment of up to Rs 75 crore, subject to achieving agreed milestones

HCG becomes first hospital in India to digitise histopathology diagnosis

Digital diagnosis is now the default diagnosis of the lab for surgical pathology and 100% of FFPE slides are digitally scanned into high-resolution digital images