Page 3502 - Company News

RBI's promoter shareholding norm: HDFC buys 9.89% stake in Bandhan Bank

9.89% stake of the total share capital of Bandhan Bank has been alloted to HDFC Ltd

Bundled packs keep Airtel's Q2 ARPU stable, but AGR overhang on share price

To retain market share, the company will continue to focus on quality customers, reduce churn, and focus on content to improve customer stickiness

UBI profit rises to Rs 124 crore in Sep quarter on lower dud loans

The Kolkata-headquartered bank had posted a net loss of Rs 883.17 crore in the July-September period of 2018-19

WhatsApp sues Israeli firm NSO for spying on journalists, activists

The lawsuit said the software developed by NSO known as Pegasus was designed to be remotely installed to hijack devices using the Android, iOS, and BlackBerry operating systems.

Why competition fails to cut petrol price despite govt easing entry barrier

Despite six major firms selling fuel and govt easing entry barrier, price remains same across sellers and differs state-to-state

Container Corporation posts consolidated net loss of Rs 332.71 cr in Q2

Total income during the July-September quarter of the current fiscal dipped marginally to Rs 1,800.45 crore

CAIT urges Modi govt to probe FDI policy violations by Amazon, Flipkart

The traders' body has strongly objected to the business model of both the companies

Didn't seek any debt revamp, paying dues on time, clarifies Vodafone Idea

'We continue to pay all our debts as and when these fall due,' the Vodafone Idea spokesperson said

Fitch places Bharti on rating watch negative after top court's ARG ruling

RWN resolution may take over six months as it requires clarity on exact amount and timing of payment of dues and whether govt will provide financial relief to telecom sector

Bharti Airtel subscriber base thinning as customers move to JioPhone

During the festive season of Dussehra and Diwali, Jio made its phone available at a special price of Rs 699, against the earlier price of Rs 1,500.

Standard Life sells about 5% stake in HDFC Life Insurance for Rs 5,752 cr

As of September 2019, Standard Life held 19.69 per cent equity stake in HDFC Life. Post the bulk deal, Standard Life's stake will drop to 14.73 per cent

Gartner sees Indian IT firms growing faster in 2020 on rising client spend

The report said this year's slowdown in spending won't stretch as far as into 2020, despite concerns over recession and companies cutting on discretionary IT spending

Indian IT firms' margins under pressure as H1B visa rejections increase

Latest data from US Citizenship and Immigration Services (USCIS) shows rejection rates for H1B visa petitions has touched a high under the Donald Trump administration

PayU picks up minority stake in Fisdom, leads Rs 78-crore financing round

With this investment, PayU is one step closer to offering payments, lending, and wealthtech services in a single stack

CCI approves Abu Dhabi Future Energy's equity stake purchase in Hero Future

Hero Future Energies India is primarily engaged in the implementation of power projects and generation of power

TVS Motor ties up with Cadisa to expand distribution in Central America

As part of the tie up, Cadisa, a major business group across Guatemala and El Salvador, will facilitate the opening of 15 flagship outlets for TVS Motor in a phased manner

India ranks third among Asian countries for environmental sustainability

Companies in Hong Kong recorded the best overall performance in Asia with an average score of 70.06, followed by South Korea (64.57) and India (63.12)

CCI approves Hyundai and Kia's acquisition of shareholding in Ola

In March this year, Hyundai and Kia had said they would invest $300 million in Bengaluru-based Ola

Xiaomi's festive-season sales grow 40% from last year to 12 mn devices

Last year, the company sold over 8.5 million devices

Standard Life sells 5% in HDFC Life for Rs 5,750 cr in open-market deals

Following the deal, shares of HDFC Life spurted 5.43% to hit their 52-week high of Rs 643.50 in intra-day trade the BSE