Page 3485 - Company News

Indraprastha Gas Q2 net more than doubles on lower tax rate, higher sales

IGL sells Compressed Natural Gas (CNG) to automobiles and Piped Natural Gas (PNG) to household kitchens and industries

WhatsApp Pay clearance: RBI raises data localisation concerns with NPCI

Says won't allow the services until it meets data norms

Qatar Air interested in buying stake in IndiGo, not Air India, says CEO

"No! We are not interested in Air India," Akbar Al-Baker, CEO of Qatar Airways, replied to a question on the airline's interest in Air India

DoT examines impact of SC order on AGR beyond telecom firms: Report

A DoT official privy to the development said instructions have gone to the licencing wing to carefully examine the implication of the apex court's recent ruling for all such companies

Cognizant to hire 23,000 from Indian institutes in 2020, says India CMD

India CMD Ramkumar Ramamoorthy clarified Cognizant would continue hiring, and that the earlier job-cut announcement was but a small one, considering the company had around 290,000 employees globally

IT firms may shed 5-10% mid-level workforce, focus on digital: Infy ex-CFO

On the prospects of IT services companies in 2020, he said all the global economies seem to be stable and there are no fears of recession.

Flipkart, Amazon look out! Private buyers may purchase from GeM soon

Private buyers will be able to make bulk purchases on Government e-marketplace

Irdai directs Reliance Health Insurance to stop selling new policies

The company will be merged into Reliance General

Whirlpool of India pre-tax profit grows 18% in Sep quarter to Rs 142.4 cr

The company's revenue from operations grew 18 per cent YOY to Rs 1,393.5 crore from Rs 1,811.5 crore

GSK Consumer's pre-tax profit up 6% in Q2 on controlled raw material costs

According to the company, its domestic business grew 7 per cent, backed by Horlicks' and Boost's performance

RIL-Network 18 deal: Tribunal asks Sebi to pass order by November 30

However, more than one year have elapsed and the Securities and Exchange Board of India (Sebi) has not taken a decision

Aramco's offer of $75 bn dividends can stretch finances during oil slump

To lure investors, Aramco has promised a bumper dividend payment of at least $75 billion a year

Facebook fails to comply with info on Cambridge Analytica probe: Report

"They have also failed to provide or even search for responsive documents" between CEO Mark Zuckerberg and COO Sheryl Sandberg, Becerra noted, according to the report.

Oyo's loyalty programme Wizard gets 5 mn users, drives 49% of business

With 9200+ hotels under OYO's portfolio currently partnered with this program, OYO Wizard is increasingly becoming a preferred option of booking quality and affordable accommodation on OYO.

Nielsen to split its media, ads unit into 2 separate publicly traded firms

The move, which is backed by one of its biggest shareholders Elliott Management, sent the company's shares up 5% in premarket trading

Set up panel to look into allegations against Flipkart: CAIT to govt

In a statement, CAIT has levelled several allegations against Flipkart which include circumventing the law, causing huge GST and Income Tax revenue loss to the governmen, bypassing the FDI policy

WhatsApp unveils 'Catalogs' to let small enterprises showcase products

The feature had been announced at Facebook's annual developers' meet F8 in May this year

'Google Pay for Business' launched in Chennai, to help MSMEs with payments

'Google Pay for Business' transfers each rupee earned by the merchant directly into their UPI-linked bank account, it said

United Breweries posts 29% decline in Q2 net profit at Rs 114.78 crore

In terms of volume, strong beer sales grew in high single digits, but that of mild beer was flat

KKR targets record $15 billion for new Asia-focused buyout fund: Report

A fund of that size would break the New York-based private equity firm's own 2017 record of a $9.3 billion fund and comes as buyout groups are increasingly focusing on Asian investments