Page 3396 - Company News

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

Airlines oppose Rs 8000-crore Tata Group-GIC stake in GMR Airports

IndiGo, SpiceJet, GoAir see undue favour to Vistara; GMR says fear unwarranted

Proposed changes to IBC may augur well, but apprehensions still remain

In its third year, IBC has managed to plug important gaps, but this is not the end of the road with issues coming to light at every turn

Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage

Further, the ministry said that in the 161 resolved cases, the realisable amount is Rs 1,56,814 crore

NLC India to invest Rs 17k cr in developing Talabira, to plant 2.6 mn trees

The public sector undertaking has already deposited Rs 134.36 crore to Odisha Compensatory Afforestation Fund Management and Planning Authority (CAMPA) account.

We'll surf the slowdown wave, no plan to cut jobs: Tata Motors CEO Butschek

He added that if the company would have liked to take such a step then it would have taken it already

1.5 mn power sector employees plan strike on Jan 8 against privatisation

They say amendment to Electricity Act, 2003 will also impact farmers and weaker sections of society

Triumph India to roll out BS-VI bike in Jan, eyes 5-10% sales boost by June

The company had recently unveiled its flagship 2,500 cc bike, Rocket 3R which will hit the market in January.

Retail, telecom help RIL beat Indian Oil to be number one player by revenue

Fortune India list shows RIL as India's top firm in FY19

Air India will default on payments without govt help in fundraising: Lohani

Air India is losing Rs 150-200 crore each month despite 10 per cent year-on-year increase in revenue

With YES Bank approval on cards, Coffee Day-Blackstone deal almost sealed

CDEL currently has a three-member board, including Siddhartha's wife Malavika Hegde and S V Ranganath, a retired bureaucrat who acts as the chairman now

Divergent India strategies: HUL goes aggressive, P&G more balanced

One set to be largest arm by FY27, the other slower in contrast

SBI likely to pay Essar lenders on Dec 16 as ArcelorMittal pays up

As per the resolution proposal, banks would recover over 90 per cent of their claims against Essar Steel, amounting to over 40,000 crore.

PMLA vs IBC: Experts explain why battle for primacy is far from over

Experts are sceptical about how it will play out

Gangwal vs Bhatia: Onus on InterGlobe board to sort issue, say experts

Most legal experts said that to come out of the current situation, InterGlobe Aviation needs to expand the size of its board of directors

Centre likely to pare stake in BEML to 26% via strategic disinvestment

The government has set an all-time high disinvestment target of Rs 1.05 lakh crore, up from Rs 90,000 crore projected in the Interim Budget 2019-20 in February.

Stressed discoms' dues to power gencos rose 48% to Rs 81,010 cr in Oct

However, the overdue amount in October has increased over preceding month of September. The total overdue amount was Rs 65,155 crore in September.

CG Power fraud: Thapar cites board approvals, denies fund misuse charges

CG Power board sacked Thapar after an audit report by Vaish Associates, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power.

Hong Kong posts 16% fall in November airport traffic, biggest in a decade

Hong Kong has been gripped by sometimes violent protests since June. Demonstrators halted operations at the airport for several days in August.

MG Motor bullish on Indian auto, to take total investment to Rs 5,000 cr

The carmaker has so far sold nearly 13,000 units of its internet SUV, MG Hector