Page 3406 - Company News

Year in review: In 2019, Indian pharma battled regulatory scare, and won

On the whole, rating agency ICRA maintained a stable outlook on the Indian pharmaceutical industry

Confidence among bankers to disburse loans missing: HDFC's Renu Sud Karnad

Demonetisation, RERA, and GST did cause some uncertainty and people stopped buying homes, as they didn't see homes being delivered, says managing director of HDFC Renu Sud Karnad

Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year

The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.

Dilip Shanghvi staring at huge loss as Suzlon Energy heads to bankruptcy

Dilip Shanghvi, the Sun Pharma promoter has 23% in renewable power firm that has failed to get debt recast plan

Post Centre's guarantee, Air India pays November allowances to 1600 pilots

Air India has around 1,600 pilots and all of them have received the payment, he said

Adani enters cold chain biz with Rs 296 cr Snowman Logistics stake purchase

Company picks up 40% in Snowman, plans to double capacity over next five years as it integrates logistics services and moves from port gate to customer gate

Coffee Day expects YES Bank nod to Global Tech Park deal in 10 days

Subsidiary Sical Logistics is eyeing a pact with institutions soon to raise debt capital

Prataap Snacks IPO subscribed 42% on opening day

Ahead of IPO, Prataap Snacks raised Rs 143.40 crore by selling 15.28 lakh shares to a total of 15 anchor investors

BBNL pays Rs 770 cr to BSNL for clearing vendor dues in BharatNet Project

Bharat Broadband Nigam Limited (BBNL) had allocated around 70 per cent of rural broadband network roll-out work to BSNL

Reliance Infra receives Rs 94 cr from Goa, to urge state to pay rest 75%

The company will request the Government of Goa to pay the balance of 75 per cent of the arbitral award against bank guarantee immediately as per a recent Niti circular, RInfra said in a statemen

Fully cooperated and provided all documents: Dishman on I-T search

Firm says probe was unanticipated as no prior tax demand notice was received, doesn't foresee adverse outcome; reinstates guidance of 8-10% revenue growth

DHFL scam: ED probing money laundering of Rs 4,122 crore EPF corpus

While Rs 4,122 cr was parked with DHFL between March 2017 and Dec 2018, some Rs 2,267 crore is outstanding with the firm, which has been barred by Bombay HC from making fresh repayments

Mavyn Logistics ties up with Grofers to provide end-to-end solutions

Mavyn does not own the trucks that it uses but works as an intermediary for facilitating logistics supply. It believes it is to logistics what Uber is to taxi hailing services

Nalco looking to revisit its expansion plans, says CMD Sridhar Patra

National Aluminium Company Ltd (Nalco) is a navratna CPSE under the Ministry of Mines

Battered by slowdown, auto industry pins hopes on 2020 for turnaround

Industry body Society of Indian Automobile Manufacturers (SIAM) expects things to turnaround in 2020-21

Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit

Top Indian IT firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme

Ashok Leyland, Citicorp Finance ink MoU for commercial vehicles' financing

Citicorp Finance will work in close coordination with the authorised dealers of Ashok Leyland to provide financial solutions to customers

Latin America and India are key growth markets for UPL in H2FY20

The company is confident of achieving its revenue growth guidance of 8-10 per cent and operating profit growth guidance of 16-20 per cent for FY20

Higher incremental capacity, load factors to boost SpiceJet's market share

SpiceJet reported 93 per cent load factor for November, led by a 45 per cent jump in passenger traffic

Travel trends: Where Indians went and stayed in 2019, reveals Oyo report

In 2019, Oyo saw some interesting travel trends through its properties