Page 3490 - Company News
Indiabulls Housing Finance Q2 net profit falls 32% to Rs 702 crore
The company had posted a net profit of Rs 1,034.92 crore during the corresponding quarter of the previous financial year.
 "Indiabulls Housing Finance Q2 net profit falls 32% to Rs 702 crore")
Videocon union to demand pending salaries, stage sit-in at Dhoots residence
Weighed down by heavy debt, the Videocon group with 13 operating companies, was sent to bankruptcy court last year and a resolution is pending
 "Videocon union to demand pending salaries, stage sit-in at Dhoots residence")
NFRA, RoC seek information on whistleblower complaints, says Infosys
Infosys condemned the "mischievous insinuations made by anonymous sources against the co-founders and former colleagues, suggesting their involvement in the recent whistleblower allegations".
 "NFRA, RoC seek information on whistleblower complaints, says Infosys")
Prakash Industries emerges as highest bidder for Bhaskarpara coal block
Birla Corporation had on Tuesday bagged the Brahmapuri mine in Madhya Pradesh, the official said quoting the results of e-auction for coal mines under the eight tranche
 "Prakash Industries emerges as highest bidder for Bhaskarpara coal block")
Flipkart signs deal to manufacture, sell Nokia smart TVs in India
A number of phone companies have now added smart TVs to their product portfolio. These include players such as Samsung, Micromax, Intex, Xiaomi, Motorola and OnePlus.
 "Flipkart signs deal to manufacture, sell Nokia smart TVs in India")
Lupin no longer bullish on Japanese market as price rules prove a dampener
Volumes in that market keep growing at 10 per cent a year, but from a value perspective, the growth is single-digit at best, the firm says
 "Lupin no longer bullish on Japanese market as price rules prove a dampener")
Want to be an independent director? Sit for exam and pass with at least 60%
The Indian Institute of Corporate Affairs under the MCA will hold the exam in December
 "Want to be an independent director? Sit for exam and pass with at least 60%")
Manappuram Finance Q2 PBT grows 47%; plans to raise $750 mn through MTN
The total income stood at Rs 1334 crore during the quarter, as against Rs 1027.51 crore last year, an increase of 30 per cent
 "Manappuram Finance Q2 PBT grows 47%; plans to raise $750 mn through MTN")
Infosys inks 6-yr deal with Mortgage Movement to lead its digital services
Helping Movement Mortgage raise business volume and developing industry specific solutions are Infosys' key deliverables in the deal, said the Bengaluru-headquartered IT behemoth.
 "Infosys inks 6-yr deal with Mortgage Movement to lead its digital services")
ReNew Power Transmission eyes double-digit growth, projects worth $20 bn
The Goldman Sachs-promoted firm started its 'New Ventures' division to explore opportunities in energy storage, power transmission, floating solar, and wind-solar hybrid projects
 "ReNew Power Transmission eyes double-digit growth, projects worth $20 bn")
Working strongly on EV charging framework, battery recycling, says NTPC
NTPC had earlier said it has signed pacts with cab aggregators Ola, Lithium, Shuttl, Bikxie, Bounce, Electrie and Zoom Car for creation of public charging infrastructure for electric vehicles.
 "Working strongly on EV charging framework, battery recycling, says NTPC")
Aurobindo Pharma receives 8 US FDA observations for two of its facilities
Observations are related to procedural improvements, not data integrity, says the company
 "Aurobindo Pharma receives 8 US FDA observations for two of its facilities")
Karnataka HC stays NCLT order against Flipkart for defaulting payment
Flipkart had approached the Karnataka High Court after NCLT initiated insolvency proceedings for defaulting on Rs 18 crore payment to one of its suppliers
 "Karnataka HC stays NCLT order against Flipkart for defaulting payment")
On request, Reliance again puts off gas bid to November 15: Report
The sources said potential bidders sought more time to evaluate the terms of the offer and so the bidding deadline was pushed back to November 15
 "On request, Reliance again puts off gas bid to November 15: Report")
Google's Android Auto for phone screens now available for Android 10 users
The app is now live in the Play Store, it is basically the same as the previous app but just adds an icon that is slightly different and it is only compatible with Android 10 on certain devices.
 "Google's Android Auto for phone screens now available for Android 10 users")
Speculations of co-founders' role in whistleblower row appalling: Infosys
Earlier this week, Infosys had said it is yet to receive any evidence to corroborate anonymous whistleblowers' complaints.
 "Speculations of co-founders' role in whistleblower row appalling: Infosys")
Maruti Suzuki, Toyota to set up vehicle dismantling, recycling unit
Maruti will set up its vehicle dismantling and recycling unit in Noida, Uttar Pradesh within 2020-21 and will add more such units across India
 "Maruti Suzuki, Toyota to set up vehicle dismantling, recycling unit")
Despite whistle-blower 'distraction' Infosys getting large deals: Nilekani
Anonymous whistle-blowers last month alleged that Chief Executive Officer Salil Parekh used 'unethical practices' to boost revenue and profit in recent quarters
India will be the world's fastest-growing market over 20 yrs: Boeing
SpiceJet Ltd., which has as many as 205 737 Max jets on order, has said it may buy at least 100 Airbus planes worth more than $10 billion
 "India will be the world's fastest-growing market over 20 yrs: Boeing")
New FDA warning letters show Indian drug makers' quality concerns persist
The latest regulatory crackdown shows US regulator's stance is hardening toward lapses in quality control even as it seeks cheaper drugs to contain health care costs
 "New FDA warning letters show Indian drug makers' quality concerns persist")