Page 3404 - Company News

Rs 75,000-crore minimum alternate tax credit dilemma grips India Inc

Fifteen heavyweight companies have accumulated MAT credit in excess of Rs 1,000 crore each

Will have to privatise Air India, need your cooperation: Puri to unions

At a meeting with some 13 Air India unions in Delhi, Puri also said that the government was trying to address the concerns of the employees regarding issues such as job protection post privatisation

SBI, Union Bank to sell NPAs of Rs 2,836 cr this month through e-auctions

In a notice on its website on December 12, SBI had sought bids to sell another Kolkata-based engineering firm Avani Projects and Infrastructure, having an outstanding loans of Rs 40.53 crore

Piramal-backed Indiareit Fund exits from Skylark's Bengaluru project

The transaction, facilitated by property consultant JLL, included sale of a prime commercial land parcel on Richmond Road in Bengaluru's central business district to SNC

Novo Nordisk appoints Vikrant Shrotriya as MD, Corp V-P for India business

He returns to India after 13 years with an overall career spanning over 20 years in the healthcare industry in India and internationally

Toyota Kirloskar rejigs regional offices into 3 strategic business units

Under the new structure, Atul Sood will become associate vice-president (north & east SBU); R Venkatakrishnan, vice-president (south SBU and institutional sales)

Royal Enfield sales down 13% at 50,416 units in December; exports down 14%

Domestic sales in December were at 48,489 units as against 56,026 units in the year-ago month, down 13%

TVS Motor reports 25% drop in domestic two-wheeler sales in December

Total two-wheeler sales were down by 16.66 per cent to 215,619 units in December 2019 as against sales of 258,709 units in December 2018

Realty company Peninsula Land defaults on repayment of loan from SBI

The default of Rs 2.35 crore happened on November 30, 2019 on term loan of Rs 177.7 crore

HDFC, subsidiary get approval for acquiring majority stake in Apollo Munich

HDFC will acquire 50.8% from the Apollo Hospitals group for Rs 1,336 crore and will buy out the 0.4% stake being held by the employees for Rs 10.84 crore

Focus on 'cost of biz' to make industries more competitive: Tata Steel MD

'We have seen some signs of improvement in the last few months of 2019', said T V Narendran

Tata Sons moves SC against NCLAT order reinstating Cyrus Mistry

Tata Sons, the holding company, had four weeks to file an appeal with the Supreme Court.

Jindal Steel crude steel production rises 22% from year-ago to 1.61 MT

During the third quarter of FY20, JSPL recorded a growth of 30 per cent in sales at 1.66 MT, as against 1.27 million tonnes a year-ago.

Regulators approve HDFC's 51% stake buy in Apollo Munich Health Insurance

In June 2019, HDFC had signed agreement with Apollo Hospitals Group to acquire its 51.2 per cent stake in the health insurance company for Rs 1,347 crore

Air India, BPCL, Concor divestments unlikely this fiscal: Govt official

It can be noted that the government has set ambitious targets from the disinvestments in FY20 at Rs 1.05 trillion

Inter-ministerial group begins process for sale of BSNL's realty assets

BSNL has identified 40 land parcels worth about Rs 10,000 crore to be disposed of

In a booster dose, pharma industry gets 'green' signal in New Year

Drug makers allowed to tweak product mix or quantity without fresh environment clearance until effluent load is same

Income Tax dept examines foreign contribution sought by Tata trust

The requisition was made after the Navajbai Ratan Tata Trust had given up Trust status in February 2015

ONGC gets cracking at Panna-Mukta field, saves Rs 1 cr in shipping costs

Sources in the know said the company will lay a small undersea pipeline soon to completely do away with the requirement of hiring ships for transporting oil to land.

Apollo, Varde pull out of race to buy troubled Altico Capital India

Altico's troubles follow a spate of defaults among Indian shadow banks over the last 16 months, making it harder for the sector to raise funds