Page 3418 - Company News
Infosys fined $800,000 for worker misclassification, tax fraud in US
California initiated legal actions against Infosys after a compliant was filed by whistleblower Jack 'Jay' Palmer, a former Infosys employee
 "Infosys fined $800,000 for worker misclassification, tax fraud in US")
Dr Agarwal's plans Rs 500 crore spend for setting up 60 hospitals in 3 yrs
With the expansion, the company eyes strengthening presence in Africa and is also looking at entering South Asian Association Regional Cooperation countries
 "Dr Agarwal's plans Rs 500 crore spend for setting up 60 hospitals in 3 yrs")
Pharma sector likely to grow at 10-12% during FY19-22, outlook stable: Icra
Icra cited abating headwinds from pricing pressure in the US, stable growth for the Indian market driven by increasing healthcare spending
 "Pharma sector likely to grow at 10-12% during FY19-22, outlook stable: Icra")
Kathrin Frauscher new MD and CEO of of BMW Financial Services India
She has been with BMW Group since 2007, in her last role she was CEO of BMW Financial Services Denmark
 "Kathrin Frauscher new MD and CEO of of BMW Financial Services India")
SAP best tech workplace in India, followed by Adobe, VMware: Report
ISRO is in fifth position in list of top-rated tech workplaces in India, moving up from tenth spot last year
 "SAP best tech workplace in India, followed by Adobe, VMware: Report")
NBCC bags Rs 1,393 cr 'East Delhi Hub' project, Rs 200 cr order from OTPCL
The scope of work includes master planning of the entire project and construction of 1,600 residential units, external amenities, infrastructure services and other developmental works
 "NBCC bags Rs 1,393 cr 'East Delhi Hub' project, Rs 200 cr order from OTPCL")
Renault, Castrol join hands for aftersales engine oil lubricants in India
The Renault Castrol product range will be available nationally across Renault dealerships from January 1, 2020, the statement said.
 "Renault, Castrol join hands for aftersales engine oil lubricants in India")
Cipla plans to partner Ayushman Bharat; start dialogue with insurance firms
There is a plan to identify a list of essential medicines, including antibiotics, painkillers, etc, which the company may supply to the Ayushman Bharat-empanelled hospitals.
 "Cipla plans to partner Ayushman Bharat; start dialogue with insurance firms")
Samsung apologises after chairman jailed for sabotaging union activities
Chairman Lee Sang-hoon was jailed for 18 months for leading a wide-ranging operation to deter staff at Samsung's customer service unit operating a union
 "Samsung apologises after chairman jailed for sabotaging union activities")
Can a floor price for mobile tariffs save beleaguered telecom players?
Within hours of IUC announcement, TRAI released a consultation paper to fix minimum rates for mobile services, a move that can effectively end the regime of free calling and dirt cheap data
 "Can a floor price for mobile tariffs save beleaguered telecom players?")
CPPIB to invest $225 million in Bain, Piramal-led India Resurgence Fund
India Resurgence Fund invests in distressed assets by purchasing existing debt and equity securities
 "CPPIB to invest $225 million in Bain, Piramal-led India Resurgence Fund")
PSA supervisory board approves merger with Fiat-Chrysler: Report
Under the deal, shareholders in the two groups would split the capital of the merged firm on a 50/50 basis
 "PSA supervisory board approves merger with Fiat-Chrysler: Report")
Maruti stock gains lost ground from improving expectation of volume growth
Scores over peers on BSVI portfolio, inventory levels and discounts
 "Maruti stock gains lost ground from improving expectation of volume growth")
Impact of corporation tax cut will be visible after two years: CII chief
He said the industry pushed the government a lot for reducing the rates
 "Impact of corporation tax cut will be visible after two years: CII chief")
Instagram to expand fact-checking programme to curb misinformation
In its official blog, Instagram explained that the third-party fact-checker program will be expanded out of the US for organisations around the world to assess and rate misinformation
 "Instagram to expand fact-checking programme to curb misinformation")
With rise in financial frauds, forensic audits prove handy for India Inc
Audit firms are also reporting a rising demand for background checks of senior executives when they join a company
 "With rise in financial frauds, forensic audits prove handy for India Inc")
Jet lenders to invite fresh bids as parties are willing to revive airline
The CoC will vote on restarting the bid process on Friday and the results will be out on Saturday
 "Jet lenders to invite fresh bids as parties are willing to revive airline")
Unilever cuts sales guidance as growth concerns in India market remain
"In the last month and a half, HUL's stock price has corrected from levels of about Rs 2,179 per share to Rs 1,964 now"
 "Unilever cuts sales guidance as growth concerns in India market remain")
Air India may not be able to sustain operations, CMD Lohani tells Centre
Air India is seeking government approval to raise a Rs 2,000-crore loan and refinance $819-million aircraft debt, which would help tide over the financial crisis
 "Air India may not be able to sustain operations, CMD Lohani tells Centre")
Five oilfields qualify for fiscal incentives under enhanced recovery policy
The ER policy was notified in October 2018, to promote use of new techniques to increase the recovery rate for oil and gas
 "Five oilfields qualify for fiscal incentives under enhanced recovery policy")