Page 3408 - Company News

Airbus added to 'operational challenge': GoAir explains cancelled flights

The Wadia group-owned airline cancelled as many as 40 flights this week on account of shortage of staff and inclement weather

Bombay Shaving Company raises Rs 45 crore in Series B funding round

The beauty and personal care (BPC) market in India, which stood at $16 billion in 2018, is expected to grow to $22.5 billion by 2022

France's Safran considers $150-mn aircraft engine repair unit in India

Safran and GE Aviation own a 50 per cent stake each in the US-based CFM International, which manufactures engines for the Airbus A320 and Boeing 737 types of aircraft

MRG World to invest Rs 200 cr to build another affordable housing project

The project would entail an investment of Rs 200 crore, which will be met by internal accruals and the proceeds from sale.

Piramal Enterprises to raise Rs 2,750 cr via bonds in multiple tranches

Piramal Enterprises said the money can be raised in one or more tranches from time to time.

Recovery of stressed assets improved marginally in FY19 driven by IBC: RBI

The amount involved under IBC was Rs 1.66 trillion and more than Rs 70,819 crore was recovered, with a recovery rate of 42.5%

NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022

The source also said the company intends to capitalise on real time power market, which is just three months away

Privatisation may affect SCI's decision-making powers, shipping market

In April 2003, the Cabinet Committee on Disinvestment had decided to suspend any divestment in SCI.

Top Nissan exec Jun Seki announces exit abruptly, to join EV maker Nidec

The company's shares fell 3.1% to 633 yen, the lowest since 2011, as of the close Wednesday in Tokyo.

Is sheer size the biggest hurdle in the NCLT route for McLeod Russel?

Viability of the tea industry is another factor that is holding back companies from bidding for India's largest tea company

With Rs 3,000 cr cash in hand, Godrej eyes properties in prime locations

Their strategy is currently contrarian to the market, where developers are cutting on launches and preferring to clear existing stock, to generate cash and repay dues.

Metro Cash & Carry pips Amazon, Walmart in profitability, revenue growth

Metro, which had opened its first store in the country 15 years ago, zoomed past rivals like Walmart and Amazon Wholesale by turning profitable for the first time in 2018-19.

Govt reviews industry's demands to implement changes in drug price policy

A senior government official said the industry has been requesting for an amendment to allow them to implement the price change from the next batch.

Advertising in 2019 raises its voice to make small-town India hear

Short-format videos, voice and experience are the big trends that changed the advertising narratives this year

Start-up funding slows down in 2019 after a two-fold surge previous year

Major deals include $586 million by Tencent and others in Udaan this August, followed by $413 million by SoftBank Corp, Carlyle and Fosun Group in Delhivery

Flamboyance to fraud: How Indian aviation sector changed in the last decade

Despite phenomenal growth, Indian aviation has been a mixed bag with many lost opportunities

Panasonic to invest Rs 295 cr in new electrical equipment unit at Sri City

The plant will be the firm's fourth producer of electrical equipment material in the country, and the first in the booming southern market

Lower BSVI impact, market share gains to help Eicher Motors

Brokerages expect a gradual recovery in volumes in the coming months

UltraTech Cement: Street watchful on valuations of new acquisition

Post consolidation of Century and Binani Cement assets, new acquisitions at stretched valuations may not bode well, say analysts

Once regarded as fastest-growing, Indian telecom battles for survival

The Supreme Court order for including non-core revenue in telecom groups' gross adjusted revenue -- the figure on which the levies are charged -- revived the rivalry between Ambani and Bharti Mittal