Page 3530 - Company News

Haldiram emerges sole bidder to buy insolvency-bound Kwality for Rs 130 cr

Kwality has a total debt of around Rs 1,900 crore, which means that lenders would have to take a significant haircut

Promoters' holding in Coffee Day dips 28% to 25.35% as of Sept quarter

The demise of Siddhartha worried market participants and lenders over the high debt level of the group

Pay or will cut fuel supply at 6 airports from Oct 18: Oil cos to Air India

The three fuel retailers had earlier stated that Air India owed Rs 5,000 crore in unpaid fuel bills with payments being delayed by almost eight months

Predatory pricing: Amazon, Flipkart explain discounts to DPIIT officials

The meeting, at the behest of the minister, Piyush Goyal, was convened by Shailendra Singh, additional secretary of the department

Experts seek clarity from OECD in plan to tax multinational digital giants

Different countries have tried different ways to tax digital firms

Vodafone Idea needs fresh round of equity infusion by 2021, say lenders

All telecom firms to remain under stress despite tariff hike

WeWork India fights for funds, relevance; hopes to raise $200 million

Embassy Group may pitch in

No way to protect normal savings, system brutally unfair: HDFC Chairman

He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values

TCS posts weaker growth than expected; Q2 net profit up 1.8% at Rs 8,042 cr

In the second quarter, the company's revenue and profitability were adversely affected largely owing to softness in financial services and retail verticals

Air India stake sale: Bidders to get share purchase agreement with EoI

As of June 1, there were 9,834 permanent employees and 3,556 contractual employees in AI, which has 125 aircraft.

Suzuki Motor Corp lowers FY20 estimates citing auto slowdown in India

The company said it expects net sales during the current fiscal to come down to 3,500,000 million yen

Puma puts best foot forward in infant wear, smart watches segments

Opens its biggest India store in Bengaluru to give an experiential taste to buyers

Dairy companies see milk procurement price stabilising at higher levels

Both liquid milk and SMP prices jumped by 10% in three months and 25% in one year

Jio's interconnect usage charge action could lead to re-rating for sector

Jio's move is seen as a step to recover costs; ARPUs may have bottomed out

Bombay HC allows Edelweiss AMC's plea for disclosure of all DHFL assets

Shares tumble 10%

Lupin's ordeal with USFDA observations continues, shares slump over 10%

Anticipated increase in remediation and compliance costs, and possible delay in drug launches is pushing analysts to cut their forward estimates

Asset quality concerns spoil IndusInd Bank's Q2 show; net profit surges 50%

Loan book growth slowed to 21 per cent and slippages and SMA-2 loan pool rose sharply

WeWork India in discussion with investors to raise $200 million

Plans to double current capacity of 45,000 seats in six Indian cities by the end of next year

IL&FS Group puts 485,000 sq. ft of commercial, residential spaces on sale

The group is seeking expression of interest (EoI) from potential buyers.

How auto companies are wooing reluctant buyers amid slowdown gloom

Stuck in the slow lane, promotions, advertising and customer engagement are of critical importance say the companies.