Page 3503 - Company News

Piramal Ent seeks shareholders' nod to raise Rs 1,750 crore via CCDs

As part of the agreement, Piramal Enterprises will issue and allot 1,15,894 CCDs at a face value of Rs 1.51 lakh.

India's telecom sector is staring at decimation, thanks to state action

The Supreme Court has ordered the companies to pay the government not just the dues but a hefty penalty -- as well interest on both

Pfizer raises 2019 forecast as sales of cancer drug, heart medicine surge

Excluding special items, Pfizer earned 75 cents per share, topping analysts' average estimate by 13 cents

Govt to soon order SFIO probe into financial irregularities at DHFL

There is good enough reason to refer the DHFL matter to SFIO, an official said adding, the report indicates fund diversion and siphoning

Tata consortium to tweak investment in GMR airports, reduce stake by 5%

The Tata Group's effective shareholding will now be 15 per cent in GMR Airports, translating into a shareholding of approximately 10 per cent in DIAL, said sources in the know

Replace PW engines of 13 A30Neo aircraft within 15 days: DGCA to GoAir

Two budget carriers -- GoAir and IndiGo -- have been facing glitches for the last few years in PW engines that power many of their A320Neo planes

Tata Steel to continue to take tough decisions for Europe operations

Like all European steelmakers, Tata Steel Europe continues to experience challenging market conditions

R&D spends rise for India Inc, but still a fraction of net sales

Tata Motors tops with Rs 4,224.6 cr, or 1.4% of its net sales. A lot of it is due to JLR

Great Eastern, Essar seek Bengal govt's approval for shale plans

The development comes after the central government eased the rules on exploration of unconventional hydrocarbons

Venture capital firm Jungle Ventures raises $240 million for third fund

Jungle is scouting for companies in India which have an opportunity to scale their business into Southeast Asia and globally

PhonePe annual loss more than doubles to Rs 1,905 crore in 2018-19

According to previous RoC filings, the net loss in 2017-18 was Rs 791 crore, way higher than the Rs 129 crore in FY17.

Bharti Airtel delays Q2 results, sees 28% surge in ARPU to Rs 128

The company had posted an ARPU of Rs 100 in the corresponding period of the last financial year (2018-19).

India's economic slowdown will reverse in coming quarters: Mukesh Ambani

What I see happening in the past 2-3 years is transformation, said Ambani

Airbus bags $33-billion IndiGo order for 300 A320neo family aircraft

The Airbus A321 XLR jet will also help IndiGo widen its international footprint.

3 Indian-origin CEOs among top 10 best-performing heads: Harvard biz review

The list relies on objective performance measures over a chief executive's entire tenure

Wipro sets up engineering and innovation centre in US, to create 200 jobs

Wipro will also partner with local startups to share expertise and domain-focused use cases

IDFC First Bank progressing on its promises after performance lull

Reasonable improvement in deposit accretion and sharp increase in profitability are the key achievements in Sept quarter

COAI urges govt to prioritise AGR issue, suggest relief in 60 days

With the telecom sector staring at a massive payout following a Supreme Court order, the government has constituted a Committee of Secretaries to work out a financial bailout package

Marico fails to maintain volume growth in Q2 on poor offtake; stock down 6%

Stock tanks on flat top line in the September quarter, even as benign copra prices save the day, leading to a 16 per cent rise in pre-tax profit

Moto 360 smartwatch will make a comeback this December, says report

Moto 360 third-generation, as eBuyNow is referring to the product, will cost $349.99