Page 3429 - Company News

Nalco may switch back to long-term contracts as alumina prices dive

The company had moved away from long-term deals with major buyers and began risking its surplus in the international spot markets, selling over 95% of its exportable alumina here

Jaypee Infra lenders to put bids of NBCC, Suraksha on vote simultaneously

Anuj Jain was appointed as an interim resolution professional (IRP) to conduct insolvency process and also manage the affairs of the company.

Ericsson pleads guilty to corruption charges in US, agrees to pay $1 bn

Ericsson said it had reviewed its anti-corruption program and taken measures to improve its ethics and compliance.

Dr Agarwal's Eye Hospital plans Rs 300 cr expansion across country in 5 yrs

Tamil Nadu Municipal Administration Minister S P Velumani inaugurated the hospital and urged the group to provide treatment to the poor by giving concession as the group has 35 hospitals in the state.

NTPC inks Rs 5,000 crore term-loan pact with SBI for capex spending

The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank and has a door-to-door tenure of 15 years

Bharti Airtel to gain at the expense of Vodafone Idea, say Brokerages

Bharti Airtel's board has already approved raising $3 billion through a combination of equity $2 billion and debt $1 billion

RCom to lose its undersea cable unit as clouds hang over debt revamp

The plan that got the nod this week will grant ownership of GCX to its own creditors in exchange for a debt write down of $150 million, according to a GCX statement and filings

Asset reconstruction companies banned from buying own group assets

The central bank said ARCs could not buy financial assets from a bank or financial institution which was the sponsor

Online abuse: Chinese apps like TikTok, Bigo Live on women panel's radar

Twitter, Facebook, Instagram told to ensure safer platforms for women, youth

Irdai may allow banks to hold over 10% stake in multiple insurance firms

Irdai chairman says considering proposal to change rules for lenders

Why the Renault Triber is everyman's budget set of impressive wheels

Renault has built a reputation for no-frills cars that hold up well on Indian roads

Ola aims to double scale of business in Australia and New Zealand

A company source said the firm is looking to double the scale of business across parameters such as revenue, customers, driver-partners and the number of rides

Truck body builders struggle to wade through ongoing economic slowdown

A 50 per cent slump in CV sales has dealt a death blow to informal workers in the sector

Coal India allows 10-day credit period to customers for non-power sector

According to a Coal India official, working capital blockage in coal movement by railways had been restraining the consumers' financial health, which now could be addressed by allowing a credit period

Kitchen appliances maker TTK Prestige aims to double turnover in 5 years

Besides, TTK Prestige has plans to expand its distribution network further and expects higher sales from fast-growing online channels.

Govt refuses to budge on FDI compliance by e-commerce companies

According to the notification by the finance ministry, e-commerce companies have to obtain statutory auditor report by September-end for the preceding financial year

Trying to become more Indian in content offering: Netflix CEO Reed Hastings

He earlier said a lot more Indian content is being produced out of the country, and will begin rolling out soon

Vodafone Idea will have to shut shop if no govt relief comes: K M Birla

The comment comes within weeks of Vodafone Global CEO Nick Read making a similar point

Radhakishan Damani to tap banks for $823-million DMart share sale

The share sale could come at a time when companies in India are battling weaker consumer demand as Asia's third-largest economy slows

Samsung plans to take on iPhone's popularity with camera overhaul

The deluge on the camera front joins the introduction of foldable devices