Page 3423 - Company News

SFIO begins investigation into CG Power and its 15 group companies

MCA had previously asked its SFIO to probe the affairs of the company along with 15 other firms, including two subsidiaries CG Power Solutions Ltd and CG International BV

Maruti confident on BSVI, CNG models to make up for its exit from diesel

Auto market leader announced in June it was exiting diesel segment

Huge relief for cardio-diabetic patients as three key drugs go off patent

The prices have already dropped by almost 80% in most cases.

SC asks panel to decide on Bidvest's MIAL stake sale by December 15

Unhappy with the delay in selling its stake to Adani Group in January this year due to litigation by GVK Group, Bidvest had moved the SC

Piramal ties up with IIFL to launch Rs 2000-crore AIF for realty projects

With this, Piramal would also be facilitating external capital (on a fund or co-investment basis) alongside its lending business

Flights going almost full, we are seeing healthy returns: Virgin Atlantic

It is capitalising on the growth in traffic, decline in capacity following closure of Jet Airways and its partnership with "big brother" Delta Airlines of the US

Andhra to raise Rs 10,000 cr in loans to meet discoms' payment obligations

APPFCL acts as a nodal agency for raising the funds for the state power utilities either by issuing bonds or by taking loans from banks and financial institutions

How Flipkart is automating its supply chain with robotics, machine learning

The e-commerce giant is using robots to automate its supply chain and bring the next 200 million customers online

Entering two-wheeler commuter space was a mistake, admits Anand Mahindra

Mahindra said the learning from the commuter bike episode, led to the learning and entry into the premium two-wheeler segment

MTNL seeks shareholders' nod to raise funds, monetise land and holdings

The government recently approved a Rs 69,000-crore revival package for BSNL and MTNL that includes merging the two loss-making firms

Surging aircraft deliveries will keep airfares under pressure in 2020: IATA

In 2017 and 2018, Pearce said the capacity increased by 6.7 per cent annually.

Walmart opens 28th India wholesale store in Andhra Pradesh's Kurnool

This is the company's fifth store in Andhra with the others being at Rajamahendravaram, Guntur, Vijayawada and Visakhapatnam

L&T Finance launches Rs 1,500-cr NCD issue for restructuring of debt

This is the first tranche, the company is offering three NCD issues with 36 months, 60 months and 84 months tenors offering coupon rate of 8.25-8.65 percent per annum.

Four brokerage houses question YES Bank's future, raise concerns

Brokerages have raised red flags after the private lender was unable to give clarity on its fund raising plans after two board meetings

India's coal power usage set to shrink for the first time in 14 years

Coal generation fell for a fourth month in November, the longest such streak in government data going back to 2005.

Auto sector is set to see a revival next financial year: Anand Mahindra

The auto sector has been witnessing a slowdown over last few months forcing manufacturers to cut production and offer steep discounts

Mercedes-Benz India to increase prices by up to 3% from January

The correction in price would be up to the quantum of 3 per cent, varying across the broad model range

Nissan to hike prices by 5% from Jan to offset impact of rising input costs

The revised prices will be applicable across all available models for Nissan and Datsun

Xiaomi leads India smart TV market with 33% share in third quarter of 2019

MiTV has maintained market leadership for six consecutive quarters and has seen a QoQ growth of 46% and YoY growth of 69%

Coffee Day Enterprises seeking lenders nod for tech park sale to Blackstone

CDEL has been trying to divest its assets to pare debt after the death of its promoter V G Siddhartha