Page 3409 - Company News
AI pilots' union urges govt to allow members to quit without serving notice
They have written a strongly-worded letter to Minister of State for Civil Aviation Hardeep Singh Puri regarding their dues
 "AI pilots' union urges govt to allow members to quit without serving notice")
NAA fines J&J Rs 230 crore for profiteering from cut in GST rates
"The methodology adopted by the respondent (J&J) was illogical, unreasonable, arbitrary, and incorrect", the order said
 "NAA fines J&J Rs 230 crore for profiteering from cut in GST rates")
Tatas to control AirAsia India: Story behind
People in the know said the Tatas sought the amendment after being nudged by the aviation ministry, which is yet to give its nod for the airline's foreign operations
 "Tatas to control AirAsia India: Story behind")
Hyatt to open 11 new hotels in India by 2020-end as part of expansion plans
The new hotels will be under our three brands -- Grand Hyatt, Hyatt Place and Hyatt Regency
 "Hyatt to open 11 new hotels in India by 2020-end as part of expansion plans")
Year in review: After record 2018, M&A activity plunges to $52 bn in 2019
Going forward, some experts expect the M&A activity to stay steady in the new year due to the government's disinvestment process and resolutions under the Insolvency and Bankruptcy Code
 "Year in review: After record 2018, M&A activity plunges to $52 bn in 2019")
Emami Group inches closer to freeing its entire Rs 2,600-cr debt: Report
Speculation is also rife that the group would soon seal the deal for its cement business at a valuation ranging between Rs 6,000 crore and Rs 7,000 crore
 "Emami Group inches closer to freeing its entire Rs 2,600-cr debt: Report")
For turnaround veteran Calhoun, the task is cut out at beleaguered Boeing
As Calhoun tackles the MAX crisis, he also faces questions from European regulators over a deal to buy the commercial arm of Brazil's Embraer in a major strategic move
 "For turnaround veteran Calhoun, the task is cut out at beleaguered Boeing")
In 2019, independent directors exit in droves as tighter scrutiny bites
Experts say people are getting more and more selective about joining boards of companies, while basing their decision on several qualitative factors
 "In 2019, independent directors exit in droves as tighter scrutiny bites")
Tatas to get full control of AirAsia India after licensing deal amendment
Tata Sons holds 51 per cent stake in AirAsia India, while AirAsia Berhad holds the remaining 49 per cent
No due diligence, Sebi slaps Rs 5 lakh on ICICI Pru Trust, ICICI Pru AMC
The regulator noted that investments were made in companies other than those in the FMCG industry which was against the mandate of the scheme and in violation of Sebi's rules
 "No due diligence, Sebi slaps Rs 5 lakh on ICICI Pru Trust, ICICI Pru AMC")
Travis Kalanick cuts all ties with Uber; leaves board, sells all shares
Kalanick, 43, has sold all of his remaining shares in the ride-hailing giant and plans to focus on his new business and philanthropic endeavours
 "Travis Kalanick cuts all ties with Uber; leaves board, sells all shares")
GoAir cancels flights for second day in a row amid pilot shortage
GoAir will face action for not providing rest to its pilots in line with rules, said a senior Directorate General of Civil Aviation (DGCA) official.
 "GoAir cancels flights for second day in a row amid pilot shortage")
Explained: Why sugar-producing firms' stocks are in a favourable cycle
Reducing sugar surplus, rising ethanol procurement, and potential for exports bode well
 "Explained: Why sugar-producing firms' stocks are in a favourable cycle")
Sustained growth needed for Rallis' stock to rerate, regain market share
The company, however, is planning to launch two new products every year till 2022. It expects the launches to help perk up the sales graph.
 "Sustained growth needed for Rallis' stock to rerate, regain market share")
Embassy REIT: Rental revision, project pipeline, client base growth drivers
Given that market rents are 30 per cent higher than the current rents that tenants pay, there is significant room for increasing rates for expiring leases.
 "Embassy REIT: Rental revision, project pipeline, client base growth drivers")
Voda idea, BHEL, ZEE see sharp wealth erosion as investors lose Rs 5 trn
The companies that have seen sharp erosion of market wealth include YES Bank, Indiabulls Housing Finance, Zee Entertainment, Vodafone Idea, and Bharat Heavy Electricals
 "Voda idea, BHEL, ZEE see sharp wealth erosion as investors lose Rs 5 trn")
HDFC to mop up Rs 2,500 crore by issuing bonds on private placement basis
The secured redeemable non-convertible debentures are to be allotted on a private placement basis on Friday for an issue size of Rs 2,500 crore, HDFC Ltd said in a regulatory filing on Tuesday
 "HDFC to mop up Rs 2,500 crore by issuing bonds on private placement basis")
NTPC, world's top rated power stock, seen recovering from 10-month low
NTPC trades at 8.5 times projected earnings for the next fiscal year, the fourth-cheapest among members of India's S&P BSE Sensex
 "NTPC, world's top rated power stock, seen recovering from 10-month low")
NTPC plans to switch to a 2-part tender process for solar power projects
The move was part of a plan to have such projects with no advance PPA with any state or discom
 "NTPC plans to switch to a 2-part tender process for solar power projects")
Dilip Buildcon bags Rs 1,362.06-crore road project in Uttar Pradesh
The project entails the development of Bundelkhand Expressway (package-VI) from Bakhariya to Kudrail in Uttar Pradesh.
 "Dilip Buildcon bags Rs 1,362.06-crore road project in Uttar Pradesh")