Page 3520 - Company News

VTB Group acquires rights to sell 10.71% stake in ZEEL to recover loan

ZEEL in a regulatory filing said VTB Capital Plc has secured the right to potentially monetise 10.28 crore shares of the company held by its promoter Essel Media Ventures

Reliance could be the first to hit $200 bn m-cap in 24 months: Report

In a report, Bank of America Merrill Lynch said the key drivers to achieve this feat are new commerce ventures in unorganised retail market, entry into SME enterprise space with Microsoft

TCS iON opens AI-driven Command Centre in Chennai to monitor exam venues

More than 6,000 exam centres to be covered real time across the country

Now, ask Alexa to pay utility bills as Amazon adds voice-based feature

This new Alexa feature supports payment of bills across categories such as electricity, water, post-paid mobile, cooking gas, broadband and DTH among other utility payments

Cognizant to acquire tech consulting firm Contino for undisclosed sum

Transaction likely to close in fourth quarter of 2019, subject to regulatory approvals

Nalco says Damanjodi plant, Angul CPP affected due to acute coal shortage

Firm says it fully depends upon Mahanadi Coalfields for coal supply to these two units

ICRA downgrades rating outlook for one third of its wind, solar portfolio

In addition to a slower tendering activity, the sector also faces concerns over delayed payments

Bajaj Chetak makes a comeback in electric avatar, to be available from Jan

The e-scooter was unveiled by Transport minister Nitin Gadkari in presence of Niti Aayog CEO Amitabh Kant and Bajaj Auto Managing Director Rajiv Bajaj

Telecom industry not in good shape; 5G auctions should be delayed: Voda CTO

Vodafone Idea, CTO, Vishant Vora said that the auctions should be held later rather than sooner as the industry is not in good financial health

India's tech renaissance: PhonePe, Paytm could be the next TCS, Infosys

Hopefully the momentum at both PhonePe and Paytm will spur more Indian entrepreneurship, feeding a rebirth in India's tech sector not seen since the IT-outsourcing boom two decades ago

Huawei woos Indian telcos with 5G tech as govt sits on US calls for boycott

The world's largest maker of components for 5G networks said it's continuing to invest in India and working with the government to counter US allegations

Whistleblower alleges siphoning of funds from MIAL; GVK gets MCA notice

GVK also claimed that none of the group companies, barring MIAL, have received any notice from the ministry

Adequate security cover provided for loans taken from PMC Bank: HDIL

HDIL said it was facing temporary cash flow issues due to the external environment in the real estate sector

India's Nayara sending fuel to Rosneft in return for Venezuelan oil: Report

The United States in January prohibited US-dollar transactions for oil sales from Venezuela's PDVSA or its units

Quick service restaurants may not get mojo back soon, say analysts

Analysts believe moderation in same-stores sales growth would impact operating profitability and return ratios

Xander Investment to invest Rs 1,750 crore in new industrial platform

It will invest $250 million (Rs 1,750 crore) in logistics, warehousing, and industrial assets in the key industrial corridors

Ericsson, Qualcomm demonstrate first live 5G video call in India

The Indian government has said it will auction spectrum including 5G airwaves in the current fiscal

Trai's IUC review will punish efficient telcos, reward defaulters: Jio

Jio has questioned TRAI's jurisdiction and reasons to tinker with the original schedule for implementation of zero termination charge regime from January 1, 2020

ONGC, ExxonMobil tie up for oil exploration in India; plan to bid for OALP

On Monday, ExxonMobil had signed a pact with Indian Oil Corporation to expand its liquefied natural gas business initiatives in India

As cellphone manufacturing industry consolidates, small players shut shop

Almost 70 units have closed as part of a large-scale shutdown