Page 3410 - Company News

Foodpanda reports a net loss of Rs 756 crore, revenue of Rs 82 cr for FY19

The significant increase in expenses from the last year is contributed by discounts provided and delivery charges incurred," said Anchal Agarwal, CEO, Tofler

Total frauds at banks rise 74% to Rs 71,543 crore in 2018-19: RBI

The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18

DGCA to inspect GoAir's A320neo planes' PW engines, used for over 3000 hrs

The decision came after PW engine of a GoAir A320neo plane flying from Guwahati to Kolkata faced a mid-air snag on Monday

Piaggio introduces fuel injection tech with BS-VI norms in Vespa, Aprilia

The BS-VI variants and models are on sale from Tuesday, the company said in a release

Thermal power plants record 2% dip in electricity generation

Overall electricity generation in the country from all sources inched up 1.15 per cent till October end of FY20

Sebi asks InvITs to file draft papers 30 days before opening of issue

The draft placement memorandum shall be filed through a Sebi registered merchant banker, the markets watchdog said in a circular

Bharti Infratel, Indus Towers extend deadline for merger to February

In October this year, Bharti Infratel had extended the deadline for merger by two months to December 24 as regulatory uncertainty loomed over the deal

Ashok Leyland inks two-year deal with YES Bank for vehicle financing

The companies have inked a memorandum of understanding (MoU) regarding the partnership

UP govt clears land hurdle for PepsiCo's Rs 500 crore plant in Mathura

The company will invest more than Rs 500 crore in the proposed plant at Kosi, Mathura through the foreign direct investment (FDI) route and create nearly 1,500 direct and indirect jobs

Fairfax India completes equity infusion in Sanmar Group, takes stake to 43%

Under the deal, Sanmar bought back bonds worth Rs 1,990 crore that had sold to Fairfax, which partly re-invested the proceeds into the chemical-making group's equity

Maruti Suzuki Dzire takes top slot in April-Nov, captures 60% market share

The third generation version of the model was launched in May 2017

Lucas-TVS to exit India Japan Lighting, sell stake to JV partner Koito

IJL has manufacturing operations in Chennai and Haryana's Bawal and is setting up a third plant at an investment of Rs 500 crore in Gujarat

Asia's richest man Mukesh Ambani adds $18 billion to his fortune in 2019

In comparison, Alibaba Group founder Jack Ma's net worth grew $11.3 billion, while Jeff Bezos lost $13.2 billion

M&M rejigs top management in automotive, farm equipment divisions

Announcing changes in the group corporate office as well as in auto and farm sectors, to be effective from April 1, 2020, the company said Veejay Nakra will be appointed as CEO of the auto division.

Mumbai, Surat, Ahmedabad top Uber India's list of 2-5 am travellers

Interestingly, Uber recorded the highest number of rides on its platform this year in India on December 7 and 6

Delhi High Court restrains Eveready, McLeod Russel from sale of assets

Another estate sale in Assam is underway for a consideration of Rs 28.15 crore. However, following the court's stay, this transaction is being put on hold.

Tata vs Mistry: RoC moves review plea, seeks modifications in NCLAT order

It has sought the removal of the words "illegal" and "with the help of RoC" in the tribunal's order pertaining to Tata Sons' transition from a public to private company, in September 2017

India business to drive Tata Global Beverages' growth and margins

Addition of consumer biz to bring stability to revenue, profit

Fresh overhang for Reliance Industries as govt tries to block Aramco deal

Government's demand for pending dues may delay company's plan to reduce debt

Revival in production and exports buoys seafood firms: CRISIL SME Tracker

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year