Page 3434 - Company News
Hindalco boosts presence in logistics, aims to lower India's cost by 15%
Aluminium trailers along with the recently launched bulkers are the two consumer-facing products the company is looking to establish in the domestic market
 "Hindalco boosts presence in logistics, aims to lower India's cost by 15%")
E-commerce FMCG sales to touch 5% by 2022, says Nielsen's Prasun Basu
At 2%, he said, India is already equal to markets such as Canada, Germany, Spain, and Italy in terms of e-commerce penetration for FMCG products
 "E-commerce FMCG sales to touch 5% by 2022, says Nielsen's Prasun Basu")
Battle of cola giants: In profit, Coke has the fizz over PepsiCo
Over the years, PepsiCo's operating revenue has come down significantly, as it kept divesting bottling plants to its franchise partners
 "Battle of cola giants: In profit, Coke has the fizz over PepsiCo")
Tata Power-ICICI Bank JV acquires UP based Prayagraj power project
Resurgent Power is a joint venture of ICICI Bank and Tata Power, while PPGCL is a subsidiary of Gaur's Jaiprakash Power Ventures Ltd which has been shedding assets to cut debt
 "Tata Power-ICICI Bank JV acquires UP based Prayagraj power project")
Jio raises tariff by up to 39%, rates still lower than rivals Airtel, Voda
The company on December 1 has announced that it will raise mobile plans rates by up to 40%
 "Jio raises tariff by up to 39%, rates still lower than rivals Airtel, Voda")
AAI inks deal with IATA to train 500 employees on air transport system
The agreement was signed between AAI Member (HR) Anuj Aggarwal and IATA-Training Director Stephanie Siouffi during the '6th ICAO Global Aviation Training & Trainair Plus Symposium'
 "AAI inks deal with IATA to train 500 employees on air transport system")
Nokia chief Siilasmaa to step down in April; Sari Baldauf to take over
Siilasmaa joined the Nokia Board in 2008 and was appointed as the Board Chair in 2012
 "Nokia chief Siilasmaa to step down in April; Sari Baldauf to take over")
Coca-Cola to transfer in-house bottling arm in north India to franchisees
As part of the realignment, HCCB is transferring operations in four territories in north India to existing bottling partners of the company, Coca-Cola said in a statement
 "Coca-Cola to transfer in-house bottling arm in north India to franchisees")
Air cargo peak season off to slow start, demand down 3.5% in October: IATA
This marks a weak start to the traditional peak season for air cargo and the 12th consecutive month of year-on-year declines in freight volumes.
 "Air cargo peak season off to slow start, demand down 3.5% in October: IATA")
Sembcorp picks up remaining stake in Indian venture to become sole owner
The purchase price for the shares is about Rs 406 crore in cash, and is based on discounted cash flows and relevant transaction multiples
 "Sembcorp picks up remaining stake in Indian venture to become sole owner")
Genius sues Google, seeks $50 mn in damages for allegedly copying lyrics
Genius, a platform that music fans can use to look up and annotate lyrics, said the tech giant has been copying its lyrics for years
Karvy fiasco: SAT grants no relief to banks on wrongly pledged securities
Tribunal raps lenders for taking time to approach it, says plea to recall shares transferred to about 83,000 of Karvy's clients or to freeze them is "untenable"
 "Karvy fiasco: SAT grants no relief to banks on wrongly pledged securities")
Central drugs regulator asks states, UTs to stop online sale of medicines
The order by the Drugs Controller General of India, issued last week, asked all drug regulators in states and UTs to take "necessary action" to enforce the court order
 "Central drugs regulator asks states, UTs to stop online sale of medicines")
Ashok Leyland plans up to 12 non-working days in sixth such move since July
The company has been suffering a massive and sustained drop in CV sales due to weak offtake brought on by economic slowdown
 "Ashok Leyland plans up to 12 non-working days in sixth such move since July")
Bharti Airtel board okays raising $4 bn via equity dilution, debt funding
The board for now has given its go-ahead to raise up to $3 bn and has also approved raising an additional $1 bn, an official said
 "Bharti Airtel board okays raising $4 bn via equity dilution, debt funding")
Vedanta's commercial power sales decline 7% in September quarter
Vedanta's total power sales shrank to 3253 million units (MU) compared with 3514 MU in the corresponding period last year
 "Vedanta's commercial power sales decline 7% in September quarter")
Ashok Leyland announces non-working days for December as demand falls
The city-based commercial vehicle maker has been adjusting production at its facilities over the last few months following the automobile slowdown
Saudi Aramco considers pricing at top to become world's biggest IPO
The Gulf energy giant has discussed pricing its IPO shares at 32 riyals apiece, after marketing them at 30 to 32 riyals each,
 "Saudi Aramco considers pricing at top to become world's biggest IPO")
Ramco Systems bags five-year deal from Middle East based MNC
Shares of the company were trading at Rs 146.50 apiece up by 3.72 per cent over the previous close in BSE
 "Ramco Systems bags five-year deal from Middle East based MNC")
Senco Gold looks to buck slowdown, to launch 100 new stores in 3-5 years
Currently, the Kolkata-based company has a network of 105 outlets
 "Senco Gold looks to buck slowdown, to launch 100 new stores in 3-5 years")