Page 3393 - Company News

Seven planes of cash-strapped Hong Kong Airline impounded for non-payment

The rule allows the city's air regulators to impound planes for non-payment of charges and that aircraft can be sold after 60 days if the account is not settled

Plane trouble in India as Boeing suspends 737 Max production

Spicejet has the biggest orders of 737 Max planes, will need to re-evaluate its future expansion plans.

CAA protests: 15,000 social media mediators fight to root out fake news

We flagged and removed as many as 2,500 fake news and communal items, said a mediator

SBI, other PSBs to lend Rs 4,000 cr to Patanjali for Ruchi Soya acquisition

The loan to Patanjali Ayurved comes a few weeks after CARE Ratings withdrew its rating on the firm in October

Relief for Anil Ambani as UK court dismisses Chinese bank's $680-mn claim

The hearing in the matter took place on November 7 and the order was issued on Monday

Most homebuyers, some lenders vote for NBCC's bid to acquire Jaypee Infra

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

IRB Infra board gives go-ahead on allotment of NCDs worth Rs 1,400 cr

It said the NCDs will bear current interest rate of 11.75% per annum

Prasad hits out at Vodafone for 'dictating' terms to India on AGR ruling

He also said Mahanagar Telecom Nagar Ltd and Bharat Sanchar Nigam Ltd are strategic assets that should remain in the fray and ensure better competition

Cantabil aims to expand network to 400 outlets, to focus on smaller towns

Currently, Cantabil has 290 stores and operates in 16 states in the country, the company said in a statement.

Reliance, BP ink deal to set up fuel retail stations under Jio-BP brand

The venture is expected to be formed during the first half of 2020; it aims to expand RIL's retail fuel network to 5,500 in 5 years

General Insurance sector's PAT drops 90% in FY19, finds Irdai report

The underwriting losses of the general insurance industry increased to Rs 22,320 crore in FY19 from Rs 15,341 crore, a jump of 45%

Ramping up capacity critical for ensuring good valuation: Essar's RP Satish

Essar Steel resolution professional Satish Gupta, who managed the insolvency process for more than two years, tells Ishita Ayan Dutt about the challenges and mandat

Madras High Court begins hearing on Vedanta plea against Tuticorin plant

Recording the submissions, a special bench of Justice TS Sivagnanam and Justice Bhavani Subbaroyan adjourned the pleas to Tuesday for further hearing.

Franklin MF takes 50% haircut on exposure to Essel group-backed firm

The NCDs held by the fund house's schemes will mature in June, 2020

FDA observation, forensic audit by Sebi may keep Sun Pharma under pressure

Halol plant observations add to worries on the extent of upsides from specialty drugs

Whirlpool of India MD Sunil D'Souza steps down, Vishal Bhola to become MD

Bhola has over 20 years of experience in the consumer goods industry

Amid rising competition, Zomato, Swiggy play the differentiation game

Food delivery brands have sought to create distinct brand identities this year, but are they straying too far from the core in the race to be different?

Confident of growth, defending market share will be a challenge for Voltas

Competition may also disrupt profitability

AU SFB: Good for now, but challenges mount for the costliest banking stock

Loan and deposit accretion may slow down the current operating environment

Vedanta set to invest Rs 60,000 cr in India over 3 yrs, promises more FDI

The company is also eyeing a top line of USD 30-40 billion and a bottom line of USD 10 million in 4-5 years, Agarwal said at the India Economic Conclave 2019