Page 3430 - Company News

NCLAT asks ED to file final affidavit in Bhushan Power & Steel asset case

NCLAT asks ED to file final affidavit in Bhushan Power & Steel asset case

Infosys co-founder's son wants to disrupt EV space with 'calculated risks'

During his school days, Shreyas claims he was passionate about the automotive space

Focus will be on express, last-mile biz, not cold chain: AllCargo's Shetty

The chairman of AllCargo Logistics says his aim is is to double the margin in the express segment to 10%

Auto component industry turnover dips to Rs 1.79 trn in Apr-Sep 2019

On job losses, Jain said retrenchment has taken place from October last year till July 2019

Ashok Leyland faces a bumpy ride ahead over surplus capacity, slowdown

Though there are near-term headwinds, analysts believe the Ashok Leyland stock which is down nearly 30 per cent from year ago levels may not see a significant price correction from these levels

Lenders stare at Rs 3,700-cr hit in offers for debt-laden Jaypee Infratech

Sources said neither is offering any penalty to homebuyers whose houses has been delayed

Sebi gives LIC, SBI, BoB until Dec 2020 to bring UTI AMC stake below 10%

LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF

Reliance Jio to reap tariff hike benefit only in Q1FY21, say analysts

Low ARPU subscribers could shift to Jio plans as they offer higher discount compared to rivals

Maruti Suzuki recalls 63,493 units of Ciaz, Ertiga, XL6 for MGU defects

In a regulatory filing, the company said: "A possible defect may have occurred in the MGU during manufacturing by an overseas global part supplier"

ONGC lists $300 million debt issue on India International Exchange

Issue comes with a coupon rate of 3.375% and is due in 2029

Govt tells e-commerce companies to file FDI-compliance report annually

According to government sources, this decision will help in ensuring compliance of FDI policy in the e-commerce sector

Power discoms may soon get cheap loans from govt to clear Rs 70,000-cr dues

Power producers' total outstanding dues owed by distribution companies stands at Rs 69,558 crore by September-end 2019

DHFL insolvency proceedings: Irdai rules out troubles for two insurers

He also asked insurance companies to write off their exposure to the bankrupt DHFL as they did in case of IL&FS

Zomato to raise up to $600 mn in new funding round next month: CEO Goyal

The company is making all efforts to achieve its mission, 'Better Food for Everyone', he added

REC raises $500 mn via unsecured notes to lend to power sector companies

The settlement date for the notes is expected to be December 12, 2019

Japan's SB Energy Corp to invest Rs 28,500 crore in renewables in Gujarat

The state, which currently has a generation capacity of 8,885 Mw in renewables, is seeking to raise the generation capacity to 30,000 Mw by 2022

Four Franklin Templeton schemes hit on markdown in Essel Infraprojects

NAVs of these schemes slip between 0.4% and 2%

Axis Bank looks for successor as CFO Jairam Sridharan puts in papers

Sridharan joined Axis Bank in June 2010 and was made CFO in October 2015. He was previously with Capital One Financial, a consumer bank based in the US

RBL Bank raises Rs 2,025 cr from Bajaj group, other investors

Bank says it concluded the QIP at an issue price of Rs 351 per share pursuant to the allotment of 57.7 million equity shares

In its biggest deal, Phoenix to buy Swiss Re's ReAssure unit for $4.1 bn

By consolidating lots of books together, Phoenix aims to run the business more efficiently. Its strong growth helped propel it into Britain's blue-chip FTSE 100 this year