Page 3526 - Company News

Toll collections hit roadblock as traffic tapers due to auto slowdown

Experts say while traffic and toll collection will take a hit in FY2020, toll rates may also not rise much in FY2021 due to a lower WPI

India's 100 tcf gas reserves enough to meet half of demand till 2050: BP

India has the right policy framework of providing a higher cap price for natural gas produced from difficult areas such as deepsea, BP chief

Bewakoof.com raises $11.2 million fresh funding round from Investcorp

Firm plans to use the money to strengthen the platform and gather consumer data to improve their experience on the website by using machine learning

Walmart boosts local MSME sourcing ahead of Diwali, shuns plastic packaging

Firm claims it is sourcing a range of food items and traditional handicrafts made in UP, apart from goods from Jaipur, Panipat, Sholapur and Ahmedabad

High spectrum prices, network costs to impact Indian telecom sector: Airtel

Vice-Chairman Rakesh Bharti Mittal said litigation in the sector was also adding to its woes

Commercial vehicle sales declined 23% in the first half of FY20: SIAM

SIAM said the slowdown in the commercial vehicle segment might continue in Q3FY20 owing to the implementation of various regulations

Stable-to-negative: Ind-Ra revises outlook for road sector for FY20

The weakening of financing sentiment and a sharp rise in land acquisition costs exert pressure on the central budget and could compel the government to rethink the bidding model, Ind-Ra said

NCLAT halts Bhushan Power sale to JSW Steel; asks ED to release BSPL assets

The ED had seized a portion of Bhushan Power and Steel's (BPSL) assets in the money laundering case against its former promoters

Keventer Agro plans to raise Rs 700 crore; Mandala Capital might exit

The company is eyeing Rs 700 crore for its expansion plans in dairy and banana plantations

Dalmia Bharat lines up Rs 3,500 cr capex to ramp up capacity by next March

The brownfield expansion in east India involves increasing the capacity in its West Bengal plant from 1.3 mtpa to 4 mtpa and in its Rajgangpur plant by another 3 mtpa

Dispute-hit Mundra LNG terminal to be commissioned by Dec: Report

The terminal was mechanically completed in mid-2018 and was inaugurated by Prime Minister Narendra Modi

Total to buy 37% stake in Adani Gas for $600 mn to expand India footprint

The deal will give Total access to India's natural gas market and support its drive to become one of the world's top LNG players

IRCTC to make stock market debut today after raising Rs 645 cr in IPO

The IPO, which was open for subscription between September 30 and October 4, was subscribed 112 times

Q2 earnings preview: Low demand, high discounts may hit auto players

Owing to a weak festive season coupled with the challenges related to the switchover to BSVI norms, analysts expect pain for the auto firms to linger on for the reminder of the financial year

Airbus hopes govt will resolve Pawan Hans situation 'very quickly'

As the disinvestment process has begun, PHL has put its fleet expansion plans on hold

Morgan Stanley, ex-employees' fund bet on India's warehousing space

Morgan Stanley has also set up a platform with Bengaluru-based developer Puravankara Projects for industrial parks

E-commerce firm Shopmatic buys CombineSell for an undisclosed amount

Shopmatic had previously acquired a 50.1% stake in retail management and point of sale solution provider Octopus

In FY20, the focus is on downstream exports, says Tata Steel BSL

The plant boasts of churning out quality downstream products.

Despite economic slowdown, realty majors hope to cash in on festivities

Firms with strong brands and track records are launching a slew of projects this season

Fuel payment issues with oil PSUs will be resolved soon: Air India

The airline also "assured" its customers of smooth operations, saying it has taken all the measures in the eventuality of the two sides failing to reach an understanding on the issue