Page 3447 - Company News
Swatch shuts half-a-dozen flagship stores in malls, bets on kiosks
It is likely to see closure of its last operating mono-brand store at the Grand Central Mall in Seawood, Vashi, in a few months
 "Swatch shuts half-a-dozen flagship stores in malls, bets on kiosks")
Maruti Suzuki India's small car Alto crosses 3.8 million sales milestone
It has been India's best-selling car for 15 consecutive years, Maruti Suzuki added.
 "Maruti Suzuki India's small car Alto crosses 3.8 million sales milestone")
Gulf Oil joins hands with Piaggio Vehicles for co-branded lubricants
The new products have been co-developed for the entire range of commercial vehicles, including the ones conforming to the upcoming BS-VI emission norms.
 "Gulf Oil joins hands with Piaggio Vehicles for co-branded lubricants")
IKEA to take a year to roll out large and small-format stores in Mumbai
IKEA has already unveiled its online store in Mumbai this August, and is looking at smaller stores in South Mumbai, the eastern and western suburbs of the city
 "IKEA to take a year to roll out large and small-format stores in Mumbai")
Fairfax-backed CSB Bank IPO subscribed 87 times so far on final day
Given the huge oversubscription, the IPO is likely to be priced at the upper end of its price band of Rs 193-195 per share
 "Fairfax-backed CSB Bank IPO subscribed 87 times so far on final day")
Regaining the mojo: Here's what is driving ICICI Bank's return to normalcy
Street's confidence in the stock is at an all-time high, and so are the valuations
 "Regaining the mojo: Here's what is driving ICICI Bank's return to normalcy")
Slowdown is hurting Siemens India stock, despite a business reorganisation
The bill-to-book ratio in the September quarter fell to the lowest since 2015-16, indicating that underlying economic conditions are unfavourable even for smaller orders
 "Slowdown is hurting Siemens India stock, despite a business reorganisation")
Hotel stocks: Good room for gains as demand-supply scene turns favourable
Strong occupancy rates and muted increase in new rooms to keep the demand-supply scenario favourable for the next 5 years; top listed players to benefit more
 "Hotel stocks: Good room for gains as demand-supply scene turns favourable")
Analysts drop coverage on stocks of firms with high debt, biz uncertainty
More than a third of stocks in top 500 have witnessed reduced coverage
 "Analysts drop coverage on stocks of firms with high debt, biz uncertainty")
Order to ground A320neo planes with faulty engines may stall IndiGo growth
The DGCA also questioned IndiGo's ability of meeting a Jan. 31 deadline to fix the engine issue, saying in a statement Monday that the target doesn't "instill enough confidence."
 "Order to ground A320neo planes with faulty engines may stall IndiGo growth")
Xerox to launch direct plea to HP shareholders in $33.5 bn takeover bid
Last week, Xerox threatened to take its bid hostile, if HP did not agree to a 'friendly' discussion and open its books before Monday
 "Xerox to launch direct plea to HP shareholders in $33.5 bn takeover bid")
GoAir flight faces technical glitch, manages to land safely in Mumbai
GoAir said the flight did a 'precautionary' air turn back shortly after takeoff owing to a technical glitch with one of its CFM engines
 "GoAir flight faces technical glitch, manages to land safely in Mumbai")
Ola begins onboarding drivers in London as rival Uber loses licence
Over 50,000 licenced drivers will now be assured that they can continue to provide mobility services in London. Drivers can initiate their registration on the Ola app
 "Ola begins onboarding drivers in London as rival Uber loses licence")
Google eyes wider user base, more revenue streams from Google Pay platform
Personal loans, gold investment services already entail a charge; firm is in talks with financial institutions to expand scope of token payments
 "Google eyes wider user base, more revenue streams from Google Pay platform")
Marriott International bets big on India, plans 50 hotels in 5 years
Currently, the company operates 120 hotels in India under various brands
 "Marriott International bets big on India, plans 50 hotels in 5 years")
Dissent brews in Google ranks after tech giant sacks 4 employees
One of the workers fired on Monday was connected to a petition against Google working with the US immigration and border patrol agency
 "Dissent brews in Google ranks after tech giant sacks 4 employees")
Reliance Capital again defaults on payment obligations towards bonds
Reliance Capital on September 21 had said that the rating action by CARE was a completely biased, unwarranted and unjustified action on September 20, 2019
 "Reliance Capital again defaults on payment obligations towards bonds")
How Hilton India broke ice with young, experience-seeking travelers
With 19 hotels under its fold in India and 15 in the pipeline, Hilton has traditionally been seen as a business traveller's destination
 "How Hilton India broke ice with young, experience-seeking travelers")
Probe finds Tata Steel, SKF, Schaeffler units colluded on bearings prices
Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014.
 "Probe finds Tata Steel, SKF, Schaeffler units colluded on bearings prices")
From rice to Zee, Chandra bludgeoned his way into one new biz after another
Chandra made his way through packaging, publishing, leisure parks, broadcasting, cable, DTH, electronic lotteries, and so on
 "From rice to Zee, Chandra bludgeoned his way into one new biz after another")