Page 3496 - Company News

BSNL, MTNL vendors mull insolvency action against telcos over pending dues

The pending payments are against the supply of telecom gear and other goods to BSNL and MTNL

Employee unions of BSNL, MTNL meet Prasad, back govt's relief plan

The two firms will monetise assets worth Rs 37,500 crore in the next three years

Trouble cooking? GrubHub, Uber Eats get pushback from restaurants on fees

But some restaurants think otherwise and have begun pushing back against what they see as the relationship's unfair distribution of profits

Vistara to nearly double its fleet to 42 planes by end of 2019-20

The wide-body aircraft that will be inducted from next year onward will be used for long-haul flights that are likely to connect India with Japan, UK and USA

Saudi Aramco, an oil giant: Key facts about world's most profitable company

The state-owned firm is the world's largest oil producer, pumping 10% of the world's supply, and the most profitable company with its half-year net profit rising 12% to $46.9 billion.

IAG signs deal to buy Air Europa for $1.2 bn amid aviation sector upheaval

The debt-funded transaction seeks to generate "significant" cost savings and complete in the second half of next year, subject to regulatory approvals.

Amazon signs deal with BookMyShow to sell movie tickets on its platform

All the cinemas and theatres listed on Amazon.in for this category will be powered exclusively by BookMyShow.

TechM to set up hubs for global BPO ops, artificial intelligence in Odisha

Company enters into an agreement with Idco to start operations for its proposed BPO, and an MoU with BPUT and CET for a centre of excellence in artificial intelligence and machine learning

Xiaomi becomes India's largest exclusive brand retail network: Channelplay

Xiaomi's retail network is inclusive of all the single brand retail outlets

Ranitidine recall causes Rs 40-crore dent in Dr Reddy's provisioning

An amount of Rs 17 crore is recognised as a possible refund liability (as a reduction from revenue) arising out of the company's decision to recall the said product

Saudi Aramco valuation in bank research may vary by more than $1 trillion

Aramco could offer 1%-2% of its shares, raising as much as $20 billion to $40 billion

USFDA issues warning letter for Cadila Healthcare's Moraiya facility

The formulation unit 45% of the firm's US sales; Cadila says letter does not impact its existing business in the United States for now

IndiGo says systems back to normal after outage hits flyers across network

Hassled travellers affected by IndiGo's outage posted pictures on Twitter of long lines at check-in counters at major airports

Tata Power arm to set up 10,000 microgrids, help electrify 5 million homes

The TP Renewable Microgrid would be set up in collaboration with Rockefeller Foundation

With Oreo & Cadbury in the bag, Mondelez eyes more brand tie-ups in India

Firm has tied up with various regional dosa and sweets makers in Chennai to come up with chocolate dosa, Mysore Pak and other products

Airtel pre-paid user? Get Bharti Axa insurance cover under Rs 599 plan

A physical copy of the insurance will be delivered to customer's doorstep on request

Ashok Leyland displays BS-VI vehicles, says trucks are first to meet norms

The firm has evolved an indigenous mid-NOx technology for BS-VI vehicles, will also introduce a Modular Vehicle Platform to meet the diverse needs of customers

IndiGo says systems down across the network, operations likely to be hit

IndiGo, owned by Interglobe Aviation Ltd, is the country's largest carrier with a nearly 50% share of the domestic market

Billionaire Ajay Piramal says he will step down from Shriram Capital

Ajay Piramal, who was named chairman of unlisted Shriram Capital in 2014, is exiting the Chennai-based group after failing to consolidate his holdings into a non-banking financial behemoth.

Infosys says no prima facie evidence to back whistleblower complaints

Infosys says the anonymous complaints were still under investigation as company's stocks rise.