Page 3466 - Company News

Future Consumer reports Rs 17-cr loss in July-September; net sales up 11%

The company had posted a loss of Rs 3.23 crore in July-September 2018-19, Future Consumer, formerly known as Future Consumer Enterprise Ltd, said in a BSE filing

CG Power asks firms linked to promoter Thapar to return Rs 3,300 crore

CG Power reported narrowing of consolidated net loss in July-September to Rs 61.47 crore

NCLAT quashes Apeejay Tea insolvency proceedings; board's powers reinstated

On October 18, 2019 the Kolkata bench of the NCLT had admitted an insolvency plea of an operational creditor of Apeejay Tea claiming dues

IL&FS gets creditors' nod to sell education business for paring debt

Under the resolution framework for IL&FS, approval of Justice (Retd) D K Jain would be sought for the deal before approaching the National Company Law Tribunal for clearance.

Amid low response, MMTC extends tender offer for 6% ICEX stake till Nov 29

MMTC has invited bids for acquisition of up to 3,20,00,000 shares

Tata, Adani, Bharat Forge, Mahindra in race for Rs 25k-cr Navy chopper deal

The Navy will now take the case to the Defence Acquisition Council with the shortlisted names of both Indian and foreign manufacturers

AGR verdict: Vodafone's future in India uncertain amid setback, says CEO

Read said Vodafone was not committing any more equity to India and the country effectively contributed zero value to the company's share price

Metropolis Healthcare Q2 revenue up 15% to Rs 223 crore, PAT rises 43.7%

The profit after tax works out to Rs 43 crore in Q2 FY20, up 43.7% from Rs 30 crore in Q2 FY19

Edelweiss raises Rs 525 cr from Sanaka, others for business expansion

While Sanaka Growth SPV I has committed to invest around Rs 308 crore, talks are on with others for an additional Rs 217 crore

Alibaba Singles' Day: L'Oreal, Nestle score big as total sales hit $38 bn

Sales growth for the annual shopping festival this year eased to 26%, the weakest since the event started in 2009, in a reflection of how e-commerce sales in China have been slowing.

DoT asks BSNL to take steps on non-payment of ITS officers' salaries

DoT asks BSNL to take steps on ITS officers' salaries

Apple top premium smartphone maker in Q3 with 51.3% India market share: IDC

The company is back on India map after couple of lacklustre quarters

CIL's coal allocation under spot e-auction drops 36% to 11.25 MT in Apr-Sep

CIL is targetting an output of 660 million tonne in the ongoing financial year

Govt can hold 5G spectrum auction, but older telcos unlikely to bid: COAI

Given the latest AGR judgement from the apex court and the sector's deep crisis, the older operators are unlikely to have the wherewithal to bid for spectrum

Moody's assigns Ba3 rating to Tata Motors' proposed senior unsecured notes

TML is the largest manufacturer of commercial vehicles and passenger vehicles in India

Microsoft to apply California's digital privacy law across US from Jan 1

The law allows people to request that data be deleted and gives them the opportunity to opt out of having their information sold to a third party.

Second whistleblower letter launching personal attack on Infy CEO, surfaces

This is said to be the 'undated' letter that Infosys had earlier informed in regulatory filing

Tata seeks partners for JLR; approaches BMW, Chinese automaker Geely

Tata has begun to address some of the financial issues facing JLR, providing the brand with a $910 million equity infusion to help bolster its balance sheet.

ArcelorMittal to shut down steel plant in South Africa, lay off 1000

South African government expresses 'disappointment' at the decision of ArcelorMittal South Africa.

Alibaba's Singles' Day sales hit $38 bn to beat Amazon, but growth sales

Singles' Day is a gauge of Chinese consumer sentiment and also a shop window for Alibaba as it plans sale of $15 bn worth of shares.