Page 3445 - Company News
Tata Motors rolls out 1st Altros from Pune plant; commercial launch in Jan
The Altroz is the second vehicle designed under the Impact design 2.0 philosophy and first one to be developed on the new Alfa architecture
 "Tata Motors rolls out 1st Altros from Pune plant; commercial launch in Jan")
Non-telecom PSUs facing AGR crisis plan to oppose DoT's higher licence fee
On October 24, the Supreme Court ruled that AGR for telcos should include all revenue accrued to carriers, including that from non-core activities, backing the DoT's stance in a 16-year-old case
 "Non-telecom PSUs facing AGR crisis plan to oppose DoT's higher licence fee")
Indian steel firms should invest in Russia to lower coal prices: Official
Executives of Indian companies met senior Russian officials, and Leonid Petukhov, CEO, Far East Investment and Export Agency in the presence of Union Petroleum and Steel Minister Dharmendra Pradhan
Honda Manesar plant employees protest 2,500 contractual workers' sacking
The workers marched from the plant to Gurugram Mini Secretariat.
 "Honda Manesar plant employees protest 2,500 contractual workers' sacking")
JSW Cement to invest Rs 2,875 cr in doubling production to 25 MTPA
The company is planning to expand manufacturing capacity at its Odisha-based subsidiary Shiva Cement
 "JSW Cement to invest Rs 2,875 cr in doubling production to 25 MTPA")
Air India plans to hire 500 cabin crew members to meet new DGCA norms
More cabin crew would be required as more aircraft such as the A320 Neos are being inducted in the coming months
 "Air India plans to hire 500 cabin crew members to meet new DGCA norms")
Ahead of Air India bid, Jet Airways hires Delta's M&A expert Piero Ceschia
It was reported that Jet Airways, Air France-KLM and Delta will bid for Air India
 "Ahead of Air India bid, Jet Airways hires Delta's M&A expert Piero Ceschia")
Aviva Life settles Apeejay Trust's Rs 27-lakh insolvency case in NCLT
Earlier this month, the NCLT had ordered to initiate insolvency proceedings against Aviva Life Insurance in a case filed by Apeejay Trust
 "Aviva Life settles Apeejay Trust's Rs 27-lakh insolvency case in NCLT")
Malaysia's AirAsia posts $12.3-mn Sep-quarter loss on forex fluctuations
In a filing to the bourse, it also recorded a depreciation of right of use of asset, and finance costs for lease liabilities during the quarter
 "Malaysia's AirAsia posts $12.3-mn Sep-quarter loss on forex fluctuations")
Amid strong investor support, outlook bright for pricey paint stocks
Supportive macros and pricing power to help paint companies clock volume-led profitable growth, but buying on dips is advisable
 "Amid strong investor support, outlook bright for pricey paint stocks")
Karvy Broking's possible default gives investors, bankers the jitters
Market regulator Sebi has barred Karvy Broking from taking on new clients over alleged misuse of clients' securities
 "Karvy Broking's possible default gives investors, bankers the jitters")
Samsung to recruit 1,200 engineers from IITs, BITS for India R&D this year
The South Korean giant hired 1,000 engineers last year from top engineering colleges including IITs, NITs and IIIT, giving a thrust to New-Age domains like AI, IoT, Machine Learning among other things
 "Samsung to recruit 1,200 engineers from IITs, BITS for India R&D this year")
Air India mopped up Rs 5.43 bn from asset monetisation in five years: Govt
In all, Air India has monetised a sum of Rs 5.43 billion from 2012-13 to 2017-18
 "Air India mopped up Rs 5.43 bn from asset monetisation in five years: Govt")
Air India arm raises Rs 7,000 cr via bond issue, to help carrier pare debt
AIAHL is a special purpose vehicle of national carrier Air India
 "Air India arm raises Rs 7,000 cr via bond issue, to help carrier pare debt")
Committed to sell Air India within a defined period of time: Hardeep Puri
This time, according to Puri, "100 per cent is the current thinking everywhere, as last time we went in wanting to retain 24 per cent and clearly that was not conducive to the process"
 "Committed to sell Air India within a defined period of time: Hardeep Puri")
Air India Assets Holding raises Rs 7,985 cr more through bond sale
A special purpose vehicle of Air India, AIAHL has mopped up a total of Rs 21,985 crore by way of bond issues since September 16 and the proceeds would be utilised to repay debt of the national carrier
 "Air India Assets Holding raises Rs 7,985 cr more through bond sale")
CreditAccess Grameen to acquire Madura Micro Finance for Rs 876 crore
The acquisition strengthens our microfinance franchise which can be leveraged to provide innovative financial services, says CAGL chairman
 "CreditAccess Grameen to acquire Madura Micro Finance for Rs 876 crore")
Telecom sector's gross revenue declined by Rs 41,000 cr in 3 years: Prasad
Gross revenue of the telecom sector in 2016-17 was Rs 2.65 lakh crore, which had reduced to Rs 2.46 lakh crore a year later and then to Rs 2.24 lakh crore in 2018-19, the ministers said
 "Telecom sector's gross revenue declined by Rs 41,000 cr in 3 years: Prasad")
Air India passengers now have to shell out more for choosing middle seats
Air India has said reservation for middle seats in the front and the middle portions of the aircraft would be chargeable
 "Air India passengers now have to shell out more for choosing middle seats")
Air India raises check-in luggage from 30 kgs to 40 kgs for UAE passengers
The changes will be implemented with immediate effect for those booking their tickets Tuesday onwards
 "Air India raises check-in luggage from 30 kgs to 40 kgs for UAE passengers")